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Recession over in France & Germany

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Comments

  • Closed Accounts Posts: 873 ✭✭✭Four-Percent


    Rabble, Rabble, Rabble! I hate the government!


  • Closed Accounts Posts: 1,883 ✭✭✭wudangclan


    good news forum is that way
    >


  • Registered Users, Registered Users 2 Posts: 1,251 ✭✭✭The Walsho


    They still gave the world the Nazis.



    And the French, as if they need something else to be arrogant about.


  • Banned (with Prison Access) Posts: 5,671 ✭✭✭BraziliaNZ


    yes but Ger and France have many homegrown multinationals and lots of homegrown unique products that there will always be a market for. Ireland doesn't really have anything to export outside of agricultural products.


  • Moderators, Recreation & Hobbies Moderators Posts: 10,912 Mod ✭✭✭✭Ponster


    We were never really in that much recession anyhow seeing as the country as been living through stagnation for about 15 years now. Also it's been 27 years since unemployment has dropped below 8%.

    The French capitalist system as compared to the anglo-saxon system usually results in the country being hit less by recessions but unable to profit when things are booming.


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  • Moderators, Arts Moderators Posts: 35,576 Mod ✭✭✭✭pickarooney


    Ponster wrote: »
    We were never really in that much recession anyhow seeing as the country as been living through stagnation for about 15 years now. Also it's been 27 years since unemployment has dropped below 8%.

    The French capitalist system as compared to the anglo-saxon system usually results in the country being hit less by recessions but unable to profit when things are booming.

    You've been here that long you've starting using that ridiculous term? :D


  • Closed Accounts Posts: 1,957 ✭✭✭Euro_Kraut


    Wow 7 posts and 2 Nazi references already :rolleyes:


  • Registered Users, Registered Users 2 Posts: 43,028 ✭✭✭✭SEPT 23 1989


    das ist wunderbare Nachrichten


  • Banned (with Prison Access) Posts: 3,077 ✭✭✭Rebelheart


    The Walsho wrote: »
    They still gave the world the Nazis.


    That was intelligent.


  • Moderators, Recreation & Hobbies Moderators Posts: 10,912 Mod ✭✭✭✭Ponster


    You've been here that long you've starting using that ridiculous term? :D

    11 years :) though the term is correct when speaking of economic models.

    For those that don't live in France.....most people over here refer to English speakers as "anglosaxons" rather than "anglophonic". Trying to explain to them what the term means usually results in frowns and disinterested people.


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  • Registered Users, Registered Users 2 Posts: 8,720 ✭✭✭Hal1


    Rebelheart wrote: »
    That was intelligent.

    No that was genocide.


  • Registered Users, Registered Users 2 Posts: 4,467 ✭✭✭Wazdakka


    Trust the French to surrender to the recession.


  • Closed Accounts Posts: 14,949 ✭✭✭✭IvyTheTerrible


    Ponster wrote: »
    We were never really in that much recession anyhow seeing as the country as been living through stagnation for about 15 years now. Also it's been 27 years since unemployment has dropped below 8%.

    The French capitalist system as compared to the anglo-saxon system usually results in the country being hit less by recessions but unable to profit when things are booming.

    What my boyfriend says is "We're always in a recession so we don't really notice La Crise!"


  • Closed Accounts Posts: 2,494 ✭✭✭citizen_p


    if ireland was on mainland europe...or connected we wouldnt be so fecked...


  • Banned (with Prison Access) Posts: 5,671 ✭✭✭BraziliaNZ


    What my boyfriend says is "We're always in a recession so we don't really notice La Crise!"

    why don't you just marry your boyfriend!


  • Registered Users, Registered Users 2 Posts: 1,251 ✭✭✭The Walsho


    Rebelheart wrote: »
    That was intelligent.

    It was in jest. See also, my stereotyping of the French.


  • Closed Accounts Posts: 873 ✭✭✭Four-Percent


    BraziliaNZ wrote: »
    why don't you just marry your boyfriend!

    Yeah, if he's so great then why don't you just go and live in France!


  • Closed Accounts Posts: 95 ✭✭Rej


    Ponster wrote: »
    For those that don't live in France.....most people over here refer to English speakers as "anglosaxons" rather than "anglophonic".

    My hubby is french & I have often heard English people being called Roast Beef ;)

    Seriously, it depends on where you are in France, my husband is from around Amiens (north near belgium) That part of france was already in the depths of an economic downturn a few years ago.. and there is not much sign of anything changing there anytime soon


  • Closed Accounts Posts: 11,909 ✭✭✭✭Wertz


    How long before the ECB increases rates on the back of this news? Or do they wait until some more countries are showing signs of recovery?


  • Moderators, Recreation & Hobbies Moderators Posts: 10,912 Mod ✭✭✭✭Ponster


    Rej wrote: »
    That part of france was already in the depths of an economic downturn a few years ago...

    Paris is the same depending on your education, age and most especially colour of skin.

    Unemployment figures for under-26 non-white French (3rd Generation Muslim French) is between 25% and 30%.


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  • Closed Accounts Posts: 2,957 ✭✭✭Magenta


    Does anyone know if Ireland will be out of a recession anytime soon?
    Although I guess the question isn't when we'll be out of it, but when people will stop complaining about it, and bringing it up in every conversation! :cool:


  • Registered Users, Registered Users 2 Posts: 25,243 ✭✭✭✭Jesus Wept


    wudangclan wrote: »
    good news forum is that way
    >

    +1, let's have a good news forum.


  • Closed Accounts Posts: 4,115 ✭✭✭Pal


    Magenta wrote: »
    Does anyone know if Ireland will be out of a recession anytime soon?
    :

    Recession is a technical term. It means two consecutive quarters of negative growth. Ireland could buck that trend at some point but it wouldn't mean we were in good shape.

    Simple fact is that things will be pretty depressed here for a quite few more years at least so sit back and relax.


  • Closed Accounts Posts: 26,567 ✭✭✭✭Fratton Fred


    Rej wrote: »
    My hubby is french & I have often heard English people being called Roast Beef ;)

    pretty naff insult though compared to Froggy isn't it.
    Wertz wrote: »
    How long before the ECB increases rates on the back of this news? Or do they wait until some more countries are showing signs of recovery?

    I'm not sure if they will just yet. The Euro is pretty strong as it is and higher interest rates will make it even stronger still. This could damage German exports and will hit the likes of Ireland and Spain quite hard.

    The last thing france and Germany want is to damage the euro by countries leaving the eurozone.


  • Registered Users, Registered Users 2 Posts: 5,103 ✭✭✭mathie


    das ist wunderbare Nachrichten

    Epischer Fehler.


  • Registered Users, Registered Users 2 Posts: 24,523 ✭✭✭✭Cookie_Monster


    pretty naff insult though compared to Froggy Cheese Eating Surrender Monkey isn't it.

    Officially "froggy" was replaced after WW2.
    :D


  • Moderators, Recreation & Hobbies Moderators Posts: 10,912 Mod ✭✭✭✭Ponster


    pretty naff insult though compared to Froggy isn't it.

    Not for the French. It refers to the way that the British have traditional cooked meat until it's tougher than leather. For a nation that takes its food so seriously it's a pretty low insult :)


  • Registered Users, Registered Users 2 Posts: 3,636 ✭✭✭dotsman


    Rebelheart wrote: »
    Damn socialist countries! Where's Bertie Ahern, that great "socialist", when you (don't, definitely don't) need him?

    Some day we will become a mature socially progressive European economy. Maybe if (when?) the IMF finally comes in we can get away from Reaganism/Thatcherism/Harneyism?

    Actually, in both of these countries, they have centre-right governments.

    It's our BS socialist policies that got us in this mess, and until we we rid ourselves of BS socialism, we're going to stay in this mess.


  • Moderators, Education Moderators Posts: 5,028 Mod ✭✭✭✭G_R


    BraziliaNZ wrote: »
    Ireland doesn't really have anything to export outside of agricultural products.

    correct me if im wrong but afaik agriculture accounts for less than 10% of ireland exports


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  • Closed Accounts Posts: 994 ✭✭✭mental07


    The Walsho wrote: »
    They still gave the world the Nazis.



    And the French, as if they need something else to be arrogant about.

    Wow. Stereotype much?



    I still can't see talk of 'la crise'* and 'pouvoir d'achat'# abating in France anytime soon.

    *crisis
    #purchasing power


  • Registered Users, Registered Users 2 Posts: 1,909 ✭✭✭Agent J


    As soon as the recovery there is official (Ie at least 2 quarters worth).

    Interest rates will rise.
    Then we'll see some real pain here with people with mortgages


  • Registered Users, Registered Users 2 Posts: 33,731 ✭✭✭✭Princess Consuela Bananahammock


    Woo hoo!

    Interesting point though: how long before Ireland pulls out?

    The reason the Germans weren't as badly hit is because they don't have the same credit/mortgage culture over here, so people still had money to spend, despite losing their jobs.

    And who the feck called Bertie Ahearn a "socialist"?! Funniest thing I've read on boards in a while!

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



  • Closed Accounts Posts: 46,938 ✭✭✭✭Nodin


    Ikky Poo2 wrote: »
    And who the feck called Bertie Ahearn a "socialist"?! Funniest thing I've read on boards in a while!

    He described himself thus. He was sober and apparently trying to be serious at the time. Read here, but have nothing in your hands while doing so....
    http://www.breakingnews.ie/archives/2004/1202/ireland/kfqlidojgbql/
    Mr Ahern claimed his form of socialism was geared towards maintaining strong economic growth, not destroying it.

    “I am a left winger, my form of socialism, the reason I say I’m the only one is because the other socialists would wreck the economy,” he said.



    Read more: http://www.breakingnews.ie/archives/2004/1202/ireland/kfqlidojgbql/#ixzz0O5jb08Uk



  • Closed Accounts Posts: 4,115 ✭✭✭Pal


    BraziliaNZ wrote: »
    Ireland doesn't really have anything to export outside of agricultural products.
    dannym08 wrote: »
    correct me if im wrong but afaik agriculture accounts for less than 10% of ireland exports

    You are correct Danny.
    Its a whopping 4.7%


  • Registered Users, Registered Users 2 Posts: 33,731 ✭✭✭✭Princess Consuela Bananahammock


    Nodin wrote: »
    He described himself thus. He was sober and apparently trying to be serious at the time. Read here, but have nothing in your hands while doing so....
    http://www.breakingnews.ie/archives/2004/1202/ireland/kfqlidojgbql/
    Mr Ahern claimed his form of socialism was geared towards maintaining strong economic growth, not destroying it.

    “I am a left winger, my form of socialism, the reason I say I’m the only one is because the other socialists would wreck the economy,” he said.



    Read more: http://www.breakingnews.ie/archives/2004/1202/ireland/kfqlidojgbql/#ixzz0O5jb08Uk


    And of course Bertie coulodn't lie. By the way, I'm Superman.

    (Honestly... a left winger leading Fianna Fail? What's next? Ian Paisley running for Pope?)

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



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  • Registered Users, Registered Users 2 Posts: 3,636 ✭✭✭dotsman


    Why can't people fathom that Fianna Fail are left-wing?

    Do you have any concept of the state of our finances? How, over the 12 years they have been in power, the social welfare and and public sector bill has ballooned completely out of control? How, they encouraged the property boom, so they could pander to the unions and buy the vote of the "common man", paying for all this.

    The property bubble is just one part of the bubble. The other parts are the social welfare/public sector bubble, and if they don't they deflate them fast, then the IMF will come in here with a giant pin.

    Only in a socialist state, can an unskilled worker earn a much higher wage than a skilled one (as often happened over the past decade with basic labourers walking away with a far bigger pay checks that college graduates). Only in a socialist state, does a person "earn" more on social welfare than doing an honest days work contributing to society/economy (as continues to this day with many welfare families receiving more than a hard-working low-income family). Only in a socialist state does a public sector worker (despite the added bonuses of perks, job security and pension) earn more than their private sector equivalent. And exactly what great public service do we have for this great pay? Is our Health/Education/Policing/Transport etc sectors the envy of the world?


  • Banned (with Prison Access) Posts: 3,077 ✭✭✭Rebelheart


    dotsman wrote: »
    It's our BS socialist policies that got us in this mess, and until we we rid ourselves of BS socialism, we're going to stay in this mess.

    You have got to be shi tting me. This is about the most brazen thing since Denis O'Brien came out in October 2003 with the following:
    "I think people are too negative towards politicians, Government and entrepreneurs," he said. "We are fast turning into a communist state. We are fast moving towards communist doctrine. People in this country should be thankful for what they have achieved in the last 10 years. Instead, I come back to Ireland and people are screaming like spoiled children."
    (http://www.independent.ie/opinion/analysis/obrien-the-patriot-whos-playing-a-rich-mans-game-136005.html)


    Extraordinary given our current reality of this government interferring in the market to prop up bulwarks of the capitalist system, financial institutions, with the taxes of generations of Irish people.


  • Registered Users, Registered Users 2 Posts: 17,371 ✭✭✭✭Zillah


    BraziliaNZ wrote: »
    yes but Ger and France have many homegrown multinationals and lots of homegrown unique products that there will always be a market for. Ireland doesn't really have anything to export outside of agricultural products.

    Seriously, is typing out "Germany" really such a chore?


  • Registered Users, Registered Users 2 Posts: 1,251 ✭✭✭The Walsho


    mental07 wrote: »
    Wow. Stereotype much?
    The Walsho wrote: »
    It was in jest. See also, my stereotyping of the French.
    .


  • Registered Users, Registered Users 2 Posts: 3,636 ✭✭✭dotsman


    Rebelheart wrote: »
    You have got to be shi tting me.
    I'm afraid I'm not.
    Rebelheart wrote: »
    Extraordinary given our current reality of this government interferring in the market to prop up bulwarks of the capitalist system, financial institutions, with the taxes of generations of Irish people.
    Every government, including France and Germany (and the states, which was in a worse position than us with regards banking, but is now also coming out of the recession) was forced to "interfere" with the financial sector. This was due to a global financial crisis that started in the US. The financial crisis is only one part of our recession. Even if it never happened, we would still be up the creek regarding our own property market, social welfare and public sector crisis.

    P.S. Not one cent of your taxes (if you pay them) is going to the banks. Every cent of our taxes goes to prop up the social welfare and public sector, and even then, we don't even have enough money (we were never going to without the contribution from the property sector).

    The government aren't giving the banks taxpayer's money. They are investing in the banks on a mutually beneficial basis. The banks need to raise capital, and can't function until they do. This country needs it's banks to function, and so is investing in the banks (getting an 8% return) using the pension reserves. This money will be paid back in due course (and meanwhile, the banks are contributing buckets of money to the coffers). The reason our banks are doing badly compared to other countries is because our economy is far more fcuked than others and it will take much longer for us to get back on our feet.

    The "bailout of the banks" everyone keeps moaning about hasn't actually happened yet. A bailout will only occur if the banks collapses, and the government loses it's investment (and also has to cough up under the guarantee, which the banks are currently paying €500,000,000 p.a.)

    Under the current recession, with the economy completely depressed, our government raised taxes and increased welfare and public sector pay which goes in the face of any intelligent/capitalist policy.


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  • Closed Accounts Posts: 14,949 ✭✭✭✭IvyTheTerrible


    BraziliaNZ wrote: »
    why don't you just marry your boyfriend!

    What the hell is that about?


  • Closed Accounts Posts: 14,949 ✭✭✭✭IvyTheTerrible


    Yeah, if he's so great then why don't you just go and live in France!

    I do live in France and what the hell does this have to do with the thread?


  • Registered Users, Registered Users 2 Posts: 33,731 ✭✭✭✭Princess Consuela Bananahammock


    dotsman wrote: »
    Why can't people fathom that Fianna Fail are left-wing?

    Do you have any concept of the state of our finances? How, over the 12 years they have been in power, the social welfare and and public sector bill has ballooned completely out of control? How, they encouraged the property boom, so they could pander to the unions and buy the vote of the "common man", paying for all this.

    The property bubble is just one part of the bubble. The other parts are the social welfare/public sector bubble, and if they don't they deflate them fast, then the IMF will come in here with a giant pin.

    Only in a socialist state, can an unskilled worker earn a much higher wage than a skilled one (as often happened over the past decade with basic labourers walking away with a far bigger pay checks that college graduates). Only in a socialist state, does a person "earn" more on social welfare than doing an honest days work contributing to society/economy (as continues to this day with many welfare families receiving more than a hard-working low-income family). Only in a socialist state does a public sector worker (despite the added bonuses of perks, job security and pension) earn more than their private sector equivalent. And exactly what great public service do we have for this great pay? Is our Health/Education/Policing/Transport etc sectors the envy of the world?

    If Ireland had been run by a left-wing party, as you say, the money earned would have gone back to the people in forms of improved services.

    Why are the Peoples' Children not getting a good education? Ask Biggles about the "Working Man's" party's attitude toward good health care.

    Nothing to do with over-staffed bureaus (although I grat you, it is a problem), but because the money went into the pockets of bankers and corrupt businessmen NOT to the people.

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



  • Closed Accounts Posts: 1,957 ✭✭✭Euro_Kraut


    I do live in France and what the hell does this have to do with the thread?

    They are being ironic. :)


  • Closed Accounts Posts: 14,949 ✭✭✭✭IvyTheTerrible


    Euro_Kraut wrote: »
    They are being ironic. :)
    Ah. /me switches irony detector on/


  • Registered Users, Registered Users 2 Posts: 3,375 ✭✭✭kmick


    The ECB will raise rates as soon as inflation starts to rise that is their only mandate. According to many economists we are about to begin a massive inflationary period due to the fact that countries essentially printed money to get us out of recession. Quantitive Easing they called it.

    I would agree Irleand is more socialist than capitalist but France is worse. If you think the Unions are bad here you aint seen nothing till you try and take on a French union. They may have a centre right government but its been as bad as Cowen at tackling the public sector. Also the unemployment payments over there used to be even highter than Ireland. Not sure of they still are.


  • Registered Users Posts: 1,022 ✭✭✭johnny_knoxvile


    yes!!! The Germans can afford to buy David Hasselhoff cds now...life has meaning again!


  • Registered Users, Registered Users 2 Posts: 1,726 ✭✭✭qwertz


    das ist wunderbare Nachrichten

    Das sind wunderbare Nachrichten. Get your feckin German right.


  • Registered Users Posts: 342 ✭✭SuperDude87


    To put this into context France has just finished its huge summer sale season meaning that of course spending was up. Official figures reveal that an increase of 3% for new cars on the market due to the government reduction.

    Spending may be up but unemployment is incredible and for every story on the news about spending up or improvements in the economy theres at least another 2 of people loosing their jobs or more budget cuts by Sarko.

    Doesn't feel like "La Crise" is going to finish anytime soon just because of a 0.3% rise :rolleyes:


  • Registered Users Posts: 1,022 ✭✭✭johnny_knoxvile


    To put this into context France has just finished its huge summer sale season meaning that of course spending was up. Official figures reveal that an increase of 3% for new cars on the market due to the government reduction.

    Spending may be up but unemployment is incredible and for every story on the news about spending up or improvements in the economy theres at least another 2 of people loosing their jobs or more budget cuts by Sarko.

    Doesn't feel like "La Crise" is going to finish anytime soon just because of a 0.3% rise :rolleyes:

    *ssshh...dont wreck the party*...YAY ITS OVER! break out the Blue Nun!


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