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There is so much hyprocrisy in this article as well as in the comments who try to analyze the situation. Just by searching Google, you could find that labor co
by vas_k 12y ago
There is so much hyprocrisy in this article as well as in the comments who try to analyze the situation. Just by searching
Google, you could find that labor costs in most Northern countries is much higher than in South:
Hourly Wages in Europe
http://ec.europa.eu/eurostat/statistics-explained/index.php/File:Hourly_labour_costs,_2013_%281%29_%28EUR%29_YB14_II.png http://ec.europa.eu/eurostat/statistics-explained/index.php/...
Euro, was created as a means to loot other countries of their resources and their sovereignty. Period.
- vas_k 12y agoPaul Graig Roberts exlains what is going to happen to Lithuania who joined the Euro: http://www.paulcraigroberts.org/2015/02/10/lithuania-media-interview-pcr/ http://www.paulcraigroberts.org/2015/02/10/lithuania-media-i... "...by accepting the euro, your government accepted a loss of sovereignty. You cannot be a sovereign state if you don’t have your own money. If you don’t have your own money, you can’t finance your own government. So this is all the trouble that we see in Greece, in Spain, Portugal, Ireland, Italy. These are governments that are not sovereign, because they don’t have their own money and therefore they cannot finance themselves, they have to rely on foreign private banks to finance them and their creditors are more powerful than the governments and so when the countries have difficulty paying, the creditors may impose austerity on them and loot the countries; Greece is being looted. How do you loot a country? You tell them their pensions have to be cut, their employment has to be cut, social services have to be cut, so that there’s money to pay the banks...."