Nikolay 0 Comments Big goals and dreams are hard to achieve not because they are big. That would not be appropriate!
Why the Euro will ultimately fail. February 20, by max Trouble is, once again, brewing in the eurozone, and politicians, journalist and bureaucrats are doing their best to provide commentary and solutions to the ongoing crisis. Yet it seems that very few understand the root of the problem.
This is an explanation of problem with the Euro, and the 2 possible solutions. They buy better machines, they optimise their processes and they cut down on scrap wood.
It seems Germans just have a knack for clever solutions that make the chair-building process better and faster. All because of those pesky Germans and their knack for being ever more productive.
As you can also see in the graph this is a trend that reverberates around all the southern periphery of the Eurozone. They could print more money, change the intrest rate or devalue the peseta. With these tools it was possible to make Spanish goods cheaper for Germans and other foreigners.
For example, when the peseta was devalued by This is why devaluing is a weapon that is only used in a crisis situation. A more common way of regaining competitiveness is printing money which raises inflation. There is Why people fail to achieve goal Spanish Central bank to control Spanish monetary policy.
There is only the European Central Bank that controls the Euro, and it has to follow a monetary policy that will work for both low growth countries and high growth countries. So Spain was screwed.
Businesses started going bankrupt, people were fired and tax revenues dwindled. So the southern countries started borrowing money, amongst others from Germany which had plenty of them since their chair-making business was doing rather well.
Money flowed from Spanish consumers buying German wooden chairs, and back to the Spanish in the form of loans that they could then use to buy even more wooden chairs.
This worked well because investors that lent money to the Southern European countries knew that the Euro was a safe currency — it was backed by rock-solid Germany after all. The Germans felt rich because their exports were stellar, and the Spanish felt rich because they could borrow unlimited amount of money at low interest.
Nobody seemed to realise the problem until the Euro crisis broke out in Then everyone seemed to notice — and panic — at the same time. Greek and Italian borrowing costs went through the roof, Spanish unemployment went straight up, and everyone blamed Greece, Italy and Spain for spending too much money.
Which was of course only half truthful since Germany had been making boatloads of money from selling wooden chairs and audis to the Southern countries for more than ten years. As you would expect the southerne countries moved into deep recession, had massive debt and unemployment worse than during the great depression.
The Spanish carpenters can only stand and watch as the cheaper German chairs are imported. Since the euro is, by definition, the currency used in the eurozone the exchange rates must be fixed.
One euro in Greece is the same as one euro in Germany. So if it has to work the Euro zone members must give up their fiscal autonomy. What does this mean? Tax rates, social spending, VAT, healthcare spending and infrastructure spending are all parts of fiscal policy.
A united States of Europe. There has been some talk of this in Buxelles, but few voters realise what it actually means. A fiscal union means that a substantial part of taxing and spending will be done from a central authority in Bruxelles — the EU.
This means a loss of sovereignty for individual nations in the euro, and it also means pemanent fiscal transfers between member states.Trouble is, once again, brewing in the eurozone, and politicians, journalist and bureaucrats are doing their best to provide commentary and solutions to the ongoing crisis.
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However, it’s not all rosy due to restrictions on some fruits and.
Why is it that some people seem to effortlessly achieve all that they want, while others struggle to meet even the simplest of aims? Here are five reasons people fail at their fitness goals.
If you’re guilty of one or more of these things, it might be what is holding you back from achieving the body that you desire. It works the same way with thin people.
In fact, it’s a major reason why thin people become fat. I have an aunt who started dieting at pounds and has gained over pounds over the decades due to the effects that Michelle has discussed here.