This article explained the European union crisis in such a nice way that it will get in to anybody's brain, I appreciate the author and who ever lives in the western world will realize these facts quickly and easily as they are going through the results of such messes.
Problem : Debt mounting; Banks stretched;Economy stalling; Plunging tax revenue due to recession; Stocks shattered; Nightmare of poverty, hunger, homelessness.
Europe is imploding !!
What possible? New Eurobond to finance the bailout of weak members and large banks; (a la TARP of U.S.A.); Balanced Budgets; Stringent measures at Debt reduction; A new tax on Financial transactions; Harsh austerity measures.
Just 10 years back no one even talks about China and India. Only USA, UK and Europe were King. But time cycle changed so fast that today everyone even in developed countries all are taking about India and China success. This is a big achievement for 3rd world countries like China and India.
Re: This is sign that Power is shifting from West to East.
by Raj on Aug 19, 2011 05:28 PM
It's not about 3rd world or 1st world - it's about balance in consumption. If we sell more than we buy, we win (take China for example). Else, there's a deficit and trouble follows.
India is thriving for 2 reasons - large population and its alliance with other emerging markets (such as Africa).
The large population allows us to consume a lot and there is always a demand for goods and services. This leads to employment and rise in PCI.
US has peaked in terms of consumption - the way out for them is to reduce consumption for a while.
Secondly, mammoth companies such as Tata, Bharti, Essar are all looking at African nations for business development. Newly emerging global markets will always accelerate fast (in terms of trade) and hence India stands to gain. Plus, we trade in all major businesses and commodities unlike the advanced nations such as US whose main revenues come from Oil, Weapons, etc.
Trade is key. Japan, pockets of Europe, etc. are in trouble because they got their long-term Trading plans in a jumble. There are no internal or external consumers - unlike an India or China.
Re: This is sign that Power is shifting from West to East.
by Bharatiyan on Aug 19, 2011 11:56 AM
US may be in trouble, but it is still the best among all.
Power is not shifting from West to East.. China entirely depends on US consumption.
India's growth story is that of any other country who's policies were dictated by IMF/WB.. research about this.
Re: Re: This is sign that Power is shifting from West to East.
by RaDravid on Aug 19, 2011 02:54 PM
Nice to see a well thought replay in a discussion board, where most of the people vommit the stuff they got from the media and think it is their own.
Re: Re: Re: This is sign that Power is shifting from West to East
by India Desi on Aug 19, 2011 07:56 PM
Not true to a good extent. Today US and Europe are facing a severe debt crisis due to the spending binge done by the people in the past 15 years or more. A lot of US debt for example is owned by China. Also the govts itself are going bankrupt. The BRICS countries on the other hand have very less debt if at all and are growing significantly enough to topple the US/EU dominance in the near future. Anybody you thinks otherwise is fooling themselves.
yu saying to explain by simpale word, but there is your answer which is at conceal you now very well that over much greed happens jeopardy at our dyily steps,as our limit when has become unlimited to procure lucrative any time any moment there is a chance in general to burst out by a little tap if did'nt be given it protection form its surrounding boundaries at over much expenses,here over much expenses mean not only increment of capital expenditure at speculation market but also unnecessary expenses at fashionable costly products,nicotine-type products, unlawfull sex appearance etc.
Re: European debt crisis
by krishnawith facts on Aug 23, 2011 03:19 AM
Are u drunk? Hmm...may be I am drunk....I am not able to understand anything from the above.
Britain youngesters looting and burning shops and houses are frustarted because after last recession Unemployment rate in Britain UK and USA is very high. Ongoing looting in Britain is one of the impacts of recession. Asian countries like India and China are lucky because of economy boom cycle their economy is moving very fast from last 20 to 30 years and investments and Jobs are creating itself.
yu saying to explain by simpale word, but there is your answer which is at conceal you now very well that over much greed happens jeopardy at our dyily steps,as our limit when has become unlimited to procure lucrative any time any moment there is a chance in general to burst out by a little tap if did'nt be given it protection form its surrounding boundaries at over much expenses,here over much expenses mean not only increment of capital expenditure at speculation market but also unnecessary expenses at fashionable costly products,nicotine-type products, unlawfull sex appearance etc.
