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Eurozone deficit to GDP ratios...

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  • 18-11-2010 1:02pm
    #1
    wobbles-grogan
    Registered Users Posts: 558 ✭✭✭


    Have a look at this interesting article:
    http://www.bbc.co.uk/news/10150007

    They want us to get our deficit down to 3% of GDP by 2014 right?
    Have a look at all the other eurozone countries debt per GDP ratios.

    Even the godly germany is above the 3%.
    Why do we need to stick this impossible to reach target?


Comments

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    #2
    Duggy747
    Registered Users Posts: 13,295 ✭✭✭✭Duggy747


    GDP this!!

    *grabs balls*


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    #3
    Pookah
    Closed Accounts Posts: 544 ✭✭✭Pookah


    Yeh. \0/

    Ireland tops the table for GDP.


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    #4
    keano_afc
    Registered Users Posts: 8,711 ✭✭✭keano_afc


    I'm moving to Luxembourg.


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    #5
    Princess Consuela Bananahammock
    Registered Users Posts: 33,048 ✭✭✭✭Princess Consuela Bananahammock


    Everyone's committed to getting it down below 3%. But whereas Ireland has to trim 11.3% to do that, Germany only has to cut 0.3%. Enjoy.

    Everything I don't like is either woke or fascist - possibly both - pick one.



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    #6
    phasers
    Registered Users Posts: 18,159 ✭✭✭✭phasers


    SHUT UP! SHUT UP! SHUT. UP!



    (nothing personal OP)


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    #7
    Victor McDade
    Registered Users Posts: 710 ✭✭✭Victor McDade


    GDP

    Go
    Drink
    Poison


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    #8
    Paddy Samurai
    Registered Users Posts: 3,014 ✭✭✭Paddy Samurai


    wobbles-grogan wrote: »

    Even the godly germany is above the 3%.

    The Germans were set on the long road to sucess by a little austrian chap.They would'nt be where they are now if it was'nt for him.:rolleyes:


    All we need to do is find a similar type austrian bloke that can't paint.Maybe we should place an ad?.


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    #9
    Augmerson
    Banned (with Prison Access) Posts: 6,162 ✭✭✭Augmerson


    Arnie might be free soon enough.


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    #10
    Mr McBoatface
    Closed Accounts Posts: 1,579 ✭✭✭Mr McBoatface


    wobbles-grogan wrote: »
    Have a look at this interesting article:
    http://www.bbc.co.uk/news/10150007

    They want us to get our deficit down to 3% of GDP by 2014 right?
    Have a look at all the other eurozone countries debt per GDP ratios.

    Even the godly germany is above the 3%.
    Why do we need to stick this impossible to reach target?


    The Irish economy forum is here - http://boards.ie/vbulletin/forumdisplay.php?f=1196

    People come to AH forum to get away from all this crap.

    Yes I know about all the sh*t going on right now, I just don't want it in my face especially when I'm pretending to work :)


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    #11
    BASHIR
    Registered Users Posts: 553 ✭✭✭BASHIR


    wobbles-grogan wrote: »
    Have a look at this interesting article:?

    Ha Ha interesting, good one.


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    #12
    High energy
    Closed Accounts Posts: 227 ✭✭High energy


    It's more about the ability to repay than the actual %


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    #13
    bnt
    Registered Users Posts: 12,959 ✭✭✭✭bnt


    wobbles-grogan wrote: »
    Why do we need to stick this impossible to reach target?
    Because that's what was agreed under the Stability & Growth Pact: to follow the Maastrict Treaty Euro Convergence Criteria.
    The ratio of the annual government deficit to gross domestic product (GDP) must not exceed 3% at the end of the preceding fiscal year. If not, it is at least required to reach a level close to 3%. Only exceptional and temporary excesses would be granted for exceptional cases.

    From out there on the moon, international politics look so petty. You want to grab a politician by the scruff of the neck and drag him a quarter of a million miles out and say, ‘Look at that, you son of a bitch’.

    — Edgar Mitchell, Apollo 14 Astronaut



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