@myrea:
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@raphjd:
As I previously said, I don't really know much about Spain's situation. HOWEVER, Greece's situation has been well documented in UK news documentary shows (Panorama, Dispatches, etc).
The southern European countries that are having a hard time now had extremely early retirement ages. Even after severe reforms, they still retire 4 years earlier than the rest of Europe.
They also had grey economies through tax avoidance on goods and services.
Job related benefits were outrageous, compared to the rest of Europe.
Despite pretty decent economic growth (prior to the global economic meltdown), the national debt was skyrocketing. The year before the global economic meltdown, the Greek national debt was 105% of their GDP. Their GDP rose 4.3% but their national debt rose 7% up until the global economic meltdown.
Bailing out other countries has meant higher taxes and service cuts for the countries that had to do the bailing out, yet the countries that got bailed out are angry with those that saved them.
All of these things are direct benefits of the people of these countries. This is why you won't see much pity from the people in the rest of Europe.
I do understand your point let that be clear, but when you have an ageing population and you extend the reform age, it also means there will be no jobs for the youth, which means that there will be no people to pay those ageing people reforms… so do you understand how that snowball and backfires on some specific countries? (not greece case they were crazy)
This countries have issues with the ones bailing them out because in part it was their fault too, not those particular ones sometimes but the whole UE mess, and what some countries have said and refer to them as PIGS, EVEN THO these PIGS helped bail some of those countries out. If you are humiliated when you just helped someone that is humiliating you, how do you see that person? Also The rating agencies mess? Really, this crisis was a circus, everyone knew it was bound to happen, noone did a thing until it exploded, and that is the usual process in the UE.
BUT yeah you've got it right it was some of those countries fault too for allowing the grey economy, it would take a revolution, most likely not like Ukraine, but yes ...
I see lots of people simplefying this matter, it means that in some of these countries people are in the streets, because thereare no jobs, they lost their houses, they lost their medical care... so never simplefy what might be a tragedy for others.
How does a country fund it's state pension when people work as long as they are retired (based on average life expectancy)? That's unsustainable, to say the very least. The bailed out countries need to build their economies, not lower their retirement age to compensate.
I'm very anti EU, so you are preaching to the choir about them. HOWEVER, you can't lay all the blame on the EU. The grey economies had nothing to do with the EU.
I'm not against bailing others out, but I want you and other in those bailed out countries to understand that bailing you out hasn't been easy on us, when you complain about the bailout. On various forums, I've seen people in the bailed out countries getting nasty toward the people in the countries that bailed them out. THIS IS COMPLETELY WRONG.
My standard of living has crashed due to the UK bailing out other countries and constantly having to help top up the Euro.
@Minerboh80:
What are you stating is true but that is for the old generation of greeks.
The current generation, the one I live, has to face the sins of the older generation in every conceivable way.
I am a nurse and our health system suffers from the lack of financial resources, we are working overtime which we are not paid. The stuff also suffers from the lack of personell. Weare paying our taxes, the low citizens that is, we are paying our bills. And let's not touch the subject of unemployment. Many of us have degrees and diplomas only to decorate the walls of our houses.
For this generation of greeks, a small amount of respect must be shown.
We are trying and i think it is pretty unfair to blame this generation for the sins of the old.
My comments weren't blaming your generation, but were to show why we are where we are.
The working generation(s) is the one that always has to suffer for the sins of the previous generations. No country is unique in this.