Recession
May 14th 2012, 10:21 pm
#31
Excessively Diverted
Joined: Jan 2012
Location: Melbourne Australia
Posts: 214
Re: Recession
Europe is the big worry. Strap your seatbelts on. I think the next 12 months will be a doozy.
Australia is one of the strongest economies in the world but events beyond our control in Europe will affect us. selfishly I am very glad to be here, but I take no pleasure in the state of European economies.
Australia is one of the strongest economies in the world but events beyond our control in Europe will affect us. selfishly I am very glad to be here, but I take no pleasure in the state of European economies.
May 15th 2012, 11:01 am
#32
BE Enthusiast
Joined: Jun 2011
Location: Other side of the Westgate
Posts: 654
Re: Recession
Be careful about subscribing to the "Eurozone is doomed" theory. Data out today shows France hanging in there (ie. not in recession) and Germany still roaring ahead. Even the Eurozone as a whole is not yet in recession.
But if you believe the Tories it's the Eurozone dragging the UK down
Blighty has plenty of problems (and debt) of its own without needing to look across the Channel
But if you believe the Tories it's the Eurozone dragging the UK down
Blighty has plenty of problems (and debt) of its own without needing to look across the Channel
May 15th 2012, 11:32 am
#33
Lost in BE Cyberspace
Joined: Oct 2005
Location: Hill overlooking the SE Melbourne suburbs
Posts: 16,622
Re: Recession
Be careful about subscribing to the "Eurozone is doomed" theory. Data out today shows France hanging in there (ie. not in recession) and Germany still roaring ahead. Even the Eurozone as a whole is not yet in recession.
But if you believe the Tories it's the Eurozone dragging the UK down
Blighty has plenty of problems (and debt) of its own without needing to look across the Channel
But if you believe the Tories it's the Eurozone dragging the UK down
Blighty has plenty of problems (and debt) of its own without needing to look across the Channel
May 15th 2012, 12:10 pm
#34
BE Forum Addict
Joined: Apr 2012
Posts: 1,603
Re: Recession
Europe is the big worry. Strap your seatbelts on. I think the next 12 months will be a doozy.
Australia is one of the strongest economies in the world but events beyond our control in Europe will affect us. selfishly I am very glad to be here, but I take no pleasure in the state of European economies.
Australia is one of the strongest economies in the world but events beyond our control in Europe will affect us. selfishly I am very glad to be here, but I take no pleasure in the state of European economies.
just saying ......
May 15th 2012, 12:39 pm
#37
Daffyd Duck
Joined: Jul 2008
Location: Paradise
Posts: 5,636
Re: Recession
not good for o/s travelers and online shoppers but could be good for local industries.
May 15th 2012, 12:51 pm
#38
snÉ×É ŹŹÄ±uÉs
Joined: Nov 2006
Posts: 6,558
Re: Recession
When Greece goes down, the other PIIGS are in the direct firing line, and with them France as the paymaster.
Kicking Germany out of the Euro for six months, and redirecting QE money to new exporting business creation, seems to be the best route out for the EU.
May 15th 2012, 3:02 pm
#39
Just Joined
Joined: May 2012
Location: croatia
Posts: 8
Re: Recession
Europe is collapsing very soon, and now my country wants to be a part of it. What idiots of politics we have in past 20 years. I donĀ“t think AU is in recession, as the matter of fact, I wanna immigrate downunder since childhood.
May 15th 2012, 9:41 pm
#40
Excessively Diverted
Joined: Jan 2012
Location: Melbourne Australia
Posts: 214
May 16th 2012, 2:35 am
#41
Proudly Deplorable
Joined: May 2003
Location: Alloha snack bar
Posts: 24,246
May 16th 2012, 10:58 am
#42
BE Enthusiast
Joined: Jun 2011
Location: Other side of the Westgate
Posts: 654
