no future!!

today, tomorrow...?!

Manager Magazin (German)

 

To summarise: the latest figures on unemployment for the under 25 (15-25) in Europe, so-called Neets, not in employment, education or training:

Spain     49.9%

Greece     48.1% 

Portugal     35.1%

Italy       33.1%

Ireland     29.6% 

PIIGS/GIIPS average             39.2%

 

ER17, average over all Euro countries:     21.6%

[ER17, i.e. Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Luxembourg, Malta, The Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland]

EU27, average over all EU countries     22.4%

[EU27, i.e. Belgium (BE), Bulgaria (BG), Czech Republic (CZ), Denmark (DK), Germany (DE), Estonia (EE), Ireland (IE), Greece (GR), Spain (ES), France (FR), Italy (IT), Cyprus (CY), Latvia (LV), Lithuania (LT), Luxembourg (LU), Hungary (HU), Malta (MT), The Netherlands (NL), Austria (AT), Poland (PL), Portugal (PT), Rumania (RO), Slovenia (SI), Slovakia (SK), Finland (FI), Sweden (SE) United Kingdom (UK)]

If you add the ones not in the statistic for all kinds of good and bad reasons... the ones in cheap and/or seasonal jobs, hanging on in higher educational schools or ongoing educational and training measures, all having in common that there are no jobs waiting for them out there, then this is the real disaster Europe is running into: fast!

Instead of fabricating all those irrational measurements to preserve what is a no-go, a dead currency, instead of blasting trillions into a cancerous system of banksters financing governments financing banksters, instead of strangling all those globalism-stressed economies with austerity measures cutting the last remaining life lines we should, we must now invest in our future. This does not need trillions, hardly billions; so RBS, Lloyds, that should be your playing field!

What we allow to fail now will take at least one generation, 30 years, to restore - but only, that is, if we manage to stand-up against the global competition, a war for labour and jobs, resources and innovation. With up to 1/3 and even 1/2 of our youngsters in a no-future fight for survival, badly trained, left to rot we will fail 100%!

If we do not take action now there will be no future today and tomorrow and the day after that any one of us would want to look forward to.

Carpe diem.

evil to him who evil thanks...

Telegraph: Spain hit as "Greek" illness spreads over Europe

rats over banksters!

What on earth has changed during the last month or so in reference to the "standing" of Portugal or Spain that made the rating agencies wake up just yesterday and degrade both countries' rating level within 24 hours just when the pressure on politics had mounted up on the Greek problem?

Obviously the pressure on politics to install a bail-out-package for Greece, more accurately the Club-Med-bond loaded banksters by degrading Greek bonds to junk status was not enough.

Spain’s credit rating was cut from AA-plus to AA. S&P blamed its high borrowings and the expectation of a “protracted period of sluggish activity”.
Credit Suisse analysts said that British banks had £25 billion of exposure to Greece and Portugal but £75 billion to Spain.
In Tokyo, Herman Van Rompuy, President of the European Council, ended a news conference with the Japanese Prime Minister by reciting a haiku: “The sun is rising/sleeping yet in Europe/still the same sun.” he said. He declined to explain.

Evil to him who evil thanks the rats for the assistance given to the banksters, again, by these ever so independent rating agencies!

Carpe diem!

more than a greek tragedy

Dante or Ponzi?

This is about to become a EUROpean tragedy; while failing Greek debts will be a problem for Euroland it could well ignite a global disaster once Spain and/or Portugal, Ireland, Belgium, not to forget Berlusconi's kingdom get into similar trouble; they all are in trouble, of course, now, but so far the lesser-in-trouble are obviously covering the more-in-trouble. The interdependency of international banks buying national bonds preferable those that pay top interest issued by countries that in the worst case will have to be bailed out by the same national banks that provide inexpensive liquidity to the international banks that in return - you guessed it - buy national bonds is a classic circulus vitiosus or, from a legal perspective, must be addressed as the most advanced Ponzi scheme ever. Let's refrain from discussing the truth or fantasy various countries, not only Greece, have put into providing the basic figures in the first place.

It is really not UK's above 9% nor the 4% share; it rather is the sheer enormity of the plain numbers, away from any percentage gobble; bailing out three relatively small countries alone will make the bank bailout look like ordering early morning tea; once this game of "Ponzi feeds Ponzi" is collapsing we will know the depression has begun.

But then, why bother, everything will be fine as long as Mr. Trichet and the rest of the gang guarantee what they guarantee.

Carpe diem!