14-09-2019, 10:57 AM
21
Re: Meanwhile in the Eurozone ...
Originally Posted by Solasch
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Sorry guys, in the netherlands minimum wage is € 10,36/h in 36 hour working week for those of 22 years and over. See table.The british wage has gone up to £ 8,21 for those 25 (!) years and over. At present that amounts to € 9,27. So you are still in the catching-up phase.
Most people here earn more than the minimum wage anyway. Since when was there an EU minimum wage???
You should be more concerned about your employment figures.
Here's a reminder, just for you
https://www.statista.com/statistics/...-eu-countries/
14-09-2019, 10:59 AM
22
Re: Meanwhile in the Eurozone ...
Originally Posted by Solasch
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Sorry guys, in the netherlands minimum wage is € 10,36/h in 36 hour working week for those of 22 years and over. See table.The british wage has gone up to £ 8,21 for those 25 (!) years and over. At present that amounts to € 9,27. So you are still in the catching-up phase.
almost immediately after joining the eu Solly???
Regards Donkeyman!
14-09-2019, 11:01 AM
23
Re: Meanwhile in the Eurozone ...
Sorry, didn't mean to type Ireland, it should have read Portugal.I appreciate the Shengen area and the Eurozone are two different entitites. but still believe they will be equally devastated in the event of a collapse.
I was reading in the Telegraph about the devastation of the Shengen areas in the event of the euro collapsing.
It states that it could see 28 billion Euro wiped off the value of its economies, according to a leading investment bank.
Up to 0.2pc of the EU’s GDP could be erased as a result of the spiralling costs of cross-border travel and disruption to internal trade that would return in a post-Schengen Europe, Morgan Stanley warned.
The bank’s analysts estimate a 5pc surge in the cost of cross-border travel, while trade flows between countries could fall by up to 20pc as border checks and waiting times are reintroduced to Europe.
So, with the greatest respect Solly, although I know very little of the Euro workings, anyone can plainly see it is worth mentioning that although the Shengen area may well be different from other areas of the EU, they are both very much intertwined, and equally of importance in the event of a euro collapse, as it would affect not only the Shengen areas, but many non-EU countries as well.. Very scary for many countries with the euro being as it is at the moment..
14-09-2019, 11:04 AM
24
Re: Meanwhile in the Eurozone ...
Originally Posted by Donkeyman
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Your figures seem to show that uk wages ceased bto growalmost immediately after joining the eu Solly???
Regards Donkeyman!
14-09-2019, 11:16 AM
26
Re: Meanwhile in the Eurozone ...
Originally Posted by shropshiregirl
->
Sorry, didn't mean to type Ireland, it should have read Portugal. I appreciate the Shengen area and the Eurozone are two different entitites. but still believe they will be equally devastated in the event of a collapse.
I was reading in the Telegraph about the devastation of the Shengen areas in the event of the euro collapsing.
It states that it could see 28 billion Euro wiped off the value of its economies, according to a leading investment bank.
Up to 0.2pc of the EU’s GDP could be erased as a result of the spiralling costs of cross-border travel and disruption to internal trade that would return in a post-Schengen Europe, Morgan Stanley warned.
The bank’s analysts estimate a 5pc surge in the cost of cross-border travel, while trade flows between countries could fall by up to 20pc as border checks and waiting times are reintroduced to Europe.
So, with the greatest respect Solly, although I know very little of the Euro workings, anyone can plainly see it is worth mentioning that although the Shengen area may well be different from other areas of the EU, they are both very much intertwined, and equally of importance in the event of a euro collapse, as it would affect not only the Shengen areas, but many non-EU countries as well.. Very scary for many countries with the euro being as it is at the moment..
14-09-2019, 12:07 PM
28
Re: Meanwhile in the Eurozone ...
Originally Posted by Bruce
->
Assman surely it is quite clear to anybody what a load of cobblers that statement is. Interest rates are one of the ways central banks have to to restrain or encourage growth. The trade war between China and the USA is causing global growth to stall and perhaps even contract. Central banks are reducing interest rates to try to stimulate growth
Australia's bank rate was reduced to 1% recently with another cut predicted before Christmas because growth has fallen to 1.4% - a figure which can be directly attributed to the US/China conflict.
The problem is that interest rates are already so low reducing them has a diminishing effect and other measures are necessary such as printing money (QE) or high government spending to kick start the economy.
Don't let Brexit blind you to real world financial issues, global trade is falling because of the battle between China and the USA hence the action of the ECB - nothing to do with Brexit I am afraid.
In other words Brucy, growth funded by debt?
As regards QE, remember Hitler did this just before Ww2
when he printed wheelbarrows of deutchmarks to fund the
GROWTH of manufacturing tanks and Uboats etc, at that time
german workers had to resort to wheelbarrows to take their
wages home? despite all this money being available the
workers bacame actually poorer!!
How do you explain that??
America is trapped in the same trap, they are presently in the
process of QE and are printing their way ( hopefully ) towards
eventual recovery from the lehman debacle?
Unfortunately for the rest of the world, excepting China, we
depend heavily on america for our growth and so will have
to support their deficit?
If Ozz is thinking of QE as you say it wont make sense if
you are not running a deficit?
Regards Assman!
14-09-2019, 12:17 PM
29
Re: Meanwhile in the Eurozone ...
Originally Posted by Solasch
->
Well, if you heed your own advice? In the event of an euro collapse, it will not only effect many non-EU countries, but especially EU countries (even those not in the eurozone). That includes the UK, so you better pray the eurozone stays strong, in the interest of the UK
If the euro collapses the whole world will dump your currency in a heart beat.
14-09-2019, 12:23 PM
30
Re: Meanwhile in the Eurozone ...
Originally Posted by Bread
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If the euro collapses the whole world will dump your currency in a heart beat.
Yes, it will.
The same applies to the UK.
We are not immune from the Global Money Machine.
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