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Recent content by Private Hudson

  1. Private Hudson

    Merkel to Greece: Cut Spending, or Get Out

    Rubbish! The german employee had effectively no rise in his wage since 2000, while the employees in greece and spain got significantly more. Here are the unit labor costs. Greece got over 120 billion euros from the eu structure fonds for free. And the gdp growth in greece and spain shows...
  2. Private Hudson

    Merkel to Greece: Cut Spending, or Get Out

    That's wrong! Over the past decade the export rate from germany to other countries in the euro zone declined. Germany now exports much more stuff to asia, south america and eastern europe (russia). China is a new player on the world market. Rising wages in germany would have caused a...
  3. Private Hudson

    Merkel to Greece: Cut Spending, or Get Out

    Thats wrong! First of all, the foreign aid for germany was because of a war! Thats a whole different story. Next, greece already got foreign aid. From the eu structure fonds they got 120 billion euros between 1998 an 2007. Now they got a haircut of 100 billion euros. And the other eu contries...
  4. Private Hudson

    Merkel to Greece: Cut Spending, or Get Out

    Pay your bills, dude! It's not the problem of germany, if you can't pay your debt. Greece already had a haircut of 100 billion euros!
  5. Private Hudson

    Toulouse gunman reported to be in armed stand-off with police

    Only, if you can't read! The article is clear. He jumped from a window with a gun in his hand and was shot in the head before he felt on the ground.
  6. Private Hudson

    French election: Hollande wants 75% tax on top earners

    Totaly agree! It is pretty ridiculous, people are talking about socialism and communism, but they have no idea what they are talking about. The fact is, in the past 30 years the wealth of the Top 10 % raised dramatically. And the taxes rates went down. This inequality is one of the biggest...
  7. Private Hudson

    If Britain were Greece..

    The debt of greece already was 100 percent of the GDP before they entered the currency union! The real trouble started with the financial crisis 2007. The debt raised in all western countries after 2007.
  8. Private Hudson

    Germany Invades Greece!

    Yes, it's pretty ridiculous! But it's not the first time greece is going bankrupt. Greece was already in a currency union 100 years ago, with switzerland and austria. And they did the same thing, they betrayed their partners and they did not pay the money back. It's a shame that the people in...
  9. Private Hudson

    How 'magic' made Greek debt disappear

    It's over for greece!
  10. Private Hudson

    The current Greek talks/deadline

    It's time to change for greece! There is no more money from the finance sector. The sudden cut will be painful, but there is no alternative way.
  11. Private Hudson

    How 'magic' made Greek debt disappear

    Funny stuff, but true. There were a lot of things, which went wrong in europe. It's not the fault of the euro - the politics failed, the markets failed. :doh
  12. Private Hudson

    Is Germany the USA of Europe?

    The graph shows the development of the unit labor costs in different EU countries. You can find it everywhere, just type "EU unit labor costs" in Google and you will find different sources with the same statistics!
  13. Private Hudson

    Is Germany the USA of Europe?

    Thats a myth! There are several studies about this issue and all indicating that a) the inflation rate with the euro is low and b) there were no increasing prices with the euro switch. People don't understand that the wages are pretty much the same as 2000. Thats the price for lowering the...
  14. Private Hudson

    Is Germany the USA of Europe?

    Right! But you can't blame only the euro for that. We live in a new world, with emerging economies. China is the world export factory and if you want to stay competitive, you have to lower the wages.
  15. Private Hudson

    Is Germany the USA of Europe?

    That is not the truth. For the german export industry it might be true, but not for the german people. The wages are pretty much the same, as 2000. The agenda 2010 and the moderate unit labor costs are mainly responsible for the export success of germany. Germany is a strong economy and it will...
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