Six European countries reduce their debt in relation to GDP
13 replies, posted
Well Eurostat seems to have released their numbers and by the looks of it, six european countries have reduced their debt in relation to their GDP. (19 increase, 3 no change and 6 a decrase)
[quote=Eurostat]
Compared with the first quarter of 2013, nineteen Member States registered an increase in their debt to GDP ratio
at the end of the second quarter of 2013, six a decrease and three no change. The highest increases in the ratio
were recorded in Cyprus (+10.8 percentage points - pp), Greece (+8.6 pp), Slovenia (+7.9 pp), Portugal (+3.8
pp), Italy (+3.0 pp) and Slovakia (+2.9 pp). The decreases were recorded in the Czech Republic (-1.4 pp),
Hungary (-1.2 pp), Germany and Latvia (both -0.7 pp), Lithuania (-0.3 pp) and Luxembourg (-0.1 pp).
[/quote]
[URL]http://epp.eurostat.ec.europa.eu/cache/ITY_PUBLIC/2-23102013-AP/EN/2-23102013-AP-EN.PDF[/URL]
They also took massive cuts to areas and the people are PISSED.
Well maybe not Germany, Germany is entering that weird faze again where they trust their government too much.
[QUOTE=Swilly;42622494]They also took massive cuts to areas and the people are PISSED.
Well maybe not Germany, Germany is entering that weird faze again where they trust their government too much.[/QUOTE]
Nah, we didn't take any insane cuts either. People are pissed at the current political situation as opposed to spending on some stuff. (actually a lot of people think they're spending far too much still)
True, the cuts were intelligently done. Surprised people are still think you're spending too much though in relation to us.
[QUOTE=Swilly;42622494]They also took massive cuts to areas and the people are PISSED.
Well maybe not Germany, Germany is entering that weird faze again where they trust their government too much.[/QUOTE]
Well, better than taking massive cuts and still having the debt increasing I guess. At least it shows it's working.
[QUOTE=Electrocuter;42622532]Well, better than taking massive cuts and still having the debt increasing I guess. At least it shows it's working.[/QUOTE]
Well in some cases an increase in debt might be expected even after cuts. In part due to the massive massive recession which hit all of Europe. (and particularly tourist countries since since their clientele was spending less)
Most of these are Southern European countries which got hit the hardest(mine included), so it's nice to see good news about their economic situation, especially Greece.
Czech Republic is still dealing with [I]massive[/I] corruption, and it's actually going sort of well at the moment, I mean, there's still a fuckton, but I think it's improving, considering the sheer amount of uncovered scandals lately.
If we could stop all corruption whatsoever on the spot, we would be without debt in a few years, without cutting a single service.
[QUOTE=Awesomecaek;42622739]Czech Republic is still dealing with [I]massive[/I] corruption, and it's actually going sort of well at the moment, I mean, there's still a fuckton, but I think it's improving, considering the sheer amount of uncovered scandals lately.
If we could stop all corruption whatsoever on the spot, we would be without debt in a few years, without cutting a single service.[/QUOTE]
Honestly right now one of the biggest issues we have is the Zakon o verejnych zakazkach. Because it's just shittily written.
Well okay don't even get me started on NOZ, ZOK and the ZOVRPFO where half the time I just go what the hell.
[QUOTE=Swilly;42622494]They also took massive cuts to areas and the people are PISSED.
Well maybe not Germany, Germany is entering that weird faze again where they trust their government too much.[/QUOTE]
How do you know that? Last time I checked here in my country there are loads of people not trusting the government. Especially with that NSA shit still goin.
[QUOTE=Swilly;42622494]Well maybe not Germany, [B]Germany is entering that weird faze again where they trust their government too much.[/B][/QUOTE]
what in the hell are you talking about?
Looks like those carepackages we delivered to greece helped them up a bit.
I hope the rest of the down low countries get sorted as well eventually.
As a fellow european I'll use my countrys motto for how I feel: Veljeä ei jätetä.
Feels good having all those cuts pay off.
Wait.
[QUOTE=Radley;42623450]Looks like those carepackages we delivered to greece helped them up a bit.
I hope the rest of the down low countries get sorted as well eventually.
As a fellow european I'll use my countrys motto for how I feel: Veljeä ei jätetä.[/QUOTE]
Kaveria ei jätetä.
[QUOTE=SuddenImpact;42622878]How do you know that? Last time I checked here in my country there are loads of people not trusting the government. Especially with that NSA shit still goin.[/QUOTE]
And Merkel's party still got over 40% of the votes in the recent elections?
Sorry, you need to Log In to post a reply to this thread.