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Eurozone deficit to GDP ratios...

  • 18-11-2010 12:02pm
    #1
    wobbles-grogan
    Registered Users, Registered Users 2 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

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


    GDP this!!

    *grabs balls*


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


    Yeh. \0/

    Ireland tops the table for GDP.


  • #4
    keano_afc
    Registered Users, Registered Users 2 Posts: 8,711 ✭✭✭keano_afc


    I'm moving to Luxembourg.


  • #5
    Princess Consuela Bananahammock
    Registered Users, Registered Users 2 Posts: 33,754 ✭✭✭✭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.



  • #6
    phasers
    Registered Users, Registered Users 2 Posts: 18,159 ✭✭✭✭phasers


    SHUT UP! SHUT UP! SHUT. UP!



    (nothing personal OP)


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  • #7
    Victor McDade
    Registered Users, Registered Users 2 Posts: 710 ✭✭✭Victor McDade


    GDP

    Go
    Drink
    Poison


  • #8
    Paddy Samurai
    Registered Users, Registered Users 2 Posts: 3,015 ✭✭✭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?.


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


    Arnie might be free soon enough.


  • #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 :)


  • #11
    BASHIR
    Registered Users, Registered Users 2 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 %


  • #13
    bnt
    Registered Users, Registered Users 2 Posts: 13,074 ✭✭✭✭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.

    You are the type of what the age is searching for, and what it is afraid it has found. I am so glad that you have never done anything, never carved a statue, or painted a picture, or produced anything outside of yourself! Life has been your art. You have set yourself to music. Your days are your sonnets.

    ―Oscar Wilde predicting Social Media, in The Picture of Dorian Gray



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