The collapse of socialist Europe as the educated flee.

Discussion in 'Politics' started by Grandluxe, Oct 22, 2013.

  1. On a related note.....Couldn't happen to a nicer bunch of people. :D

    http://www.telegraph.co.uk/finance/10390571/france-hollande-taxes-socialist-farrage.html

    <B>Down and out: the French flee a nation in despair
    The failing economy and harsh taxes of François Hollande's beleaguered nation are sending thousands packing - to Britain's friendlier shores</B>

    By Anne-Elisabeth Moutet7:00AM BST 20 Oct 2013

    Today, one out of four French university graduates wants to emigrate, “and this rises to 80 per cent or 90 per cent in the case of marketable degrees”, says economics professor Jacques Régniez, who teaches at both the Sorbonne and the University of New York in Prague. “In one of my finance seminars, every single French student intends to go abroad.”

    By 2014, France's public expenditure will become the world's highest, at 57 per cent of GDP.
     
    #21     Oct 22, 2013
  2. piezoe

    piezoe

    One has to imagine that the job situation in Europe is not all that far removed from that in the U.S. It seems there are good jobs but the the training is in the wrong areas, so we have a surplus of workers with these job skills and a dearth with those job skills. Right now, as I write this, there are thousands of jobs available for welders, especially in the Southeast. Certified welders can earn just shy of $50 per hour plus benefits. It is a very reasonable income. Some companies in my area are offering to hire off the street and train a person to weld at company expense on a work study program. Pay averages around 12/hr while learning plus medical and dental benefits.
     
    #22     Oct 22, 2013
  3. Yeah, for sure... My exhibit B chart is attached (both of these charts are from an excellent "Irish Credit Bubble" paper by Morgan Kelly at the University College Dublin)...

    I know what you're saying and that you're not arguing with me. All I am suggesting is that the particular flavor of the gambling money that Spain and Ireland got their hands on meant that, optically, they were able to run very healthy sovereign budgets during the bubble years. Obviously, the natural flip side to that is that, in exchange, you end up with the sovereign - banking system entanglement that makes the ensuing blowup that much more painful for the taxpayer.

    Again, it's just another manifestation of "The Tab".
     
    #23     Oct 22, 2013
  4. My opinion is that the ECB will not follow the Fed. They have neither the will nor the way, IMHO.
     
    #24     Oct 22, 2013
  5. jem

    jem

    and the is the model Obama, the Dems and the leftists on this site wish to follow?


     
    #25     Oct 22, 2013
  6. Lucrum

    Lucrum

    Yes, they claim it will be different this time.
     
    #26     Oct 22, 2013
  7. Don't y'all worry... Marine Le Pen is leading in the polls, so we're likely to see soon how much better the extreme right-wing is at governing France.
     
    #27     Oct 22, 2013
  8. Tsing Tao

    Tsing Tao

    Correct me if I am mistaken, but she has a long, long time to go before an election in France is on the docket. 2017?
     
    #28     Oct 22, 2013
  9. Ricter

    Ricter

    No. And "on this site" we have a few who want to leave America. Year after year they're wanting to leave... ; )
     
    #29     Oct 22, 2013
  10. Lucrum

    Lucrum

    How is it different?
     
    #30     Oct 22, 2013