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Cable admires Germans
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Posts: 4,552 Forumite
Vince Cable says we shouldn't lecture the Germans, we should learn lessons from their success.
Tories tend to say the same sort of thing. But I guess the lessons people learn are very different. So is Germany the epitome of thrusting private enterprise, or is it a shining example of the social-democratic model?
Tories tend to say the same sort of thing. But I guess the lessons people learn are very different. So is Germany the epitome of thrusting private enterprise, or is it a shining example of the social-democratic model?
"It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis
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I'm in two minds.... they are obviously successful and a relatively good economy etc, however they are currently spearheading something that has/is going very wrong aka euro! Maybe the rest of us just can't enter their club?0
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Vince Cable says we shouldn't lecture the Germans, we should learn lessons from their success.
How utterly hypocritical of him. If UK employers tried to push through the same agreements that German employers got agreed with German workers Cable would be the first in the queue to criticise them.
We should indeed learn from the German success but Cable is in no position to lecture anyone on that.0 -
I gather he had a lot to do with the new Astra being built in Britain, and part of that was getting the unions to accept longer hours and lower wages.How utterly hypocritical of him. If UK employers tried to push through the same agreements that German employers got agreed with German workers Cable would be the first in the queue to criticise them."It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0 -
The Germans successfully handled re-unification with austerity measures. If the SNP get their way the UK would have to deal with de-unification. Does this mean that there will be an economic splurge or more austerity.
J_B.0 -
Se we should find some countries with much weaker economies to enter into a single currency with so their weaker economies hold down the exchange rate and let our manufacturers benefit?0
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When we have all devalued what happens then?
Don't know about the Germans, I admire the Swiss but they are a mix so a bit more balanced.
Listened to a German commentator last week and he sounded like the pub landlord - "the Greeks must abide by the Rules"."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
if you look at german manufacturing they are making high end quality things that people will buy , mercedes , vw'/ audi bmw are all more expensive than fords ,gm etc but people around the world will buy them as they know they are getting a well built quality product ... .this is what we should be doing , we should not have sold rolls royce etc to them and any other things we've flogged at any cost , could you ever see the germans selling off mercedes / it will never happen0
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Saint Vince knows a thing or two about economics and has practical experience. He almost single-handedly put government finances in Kenya on a sound footing when he was there.Vince Cable read Natural Science and Economics at Fitzwilliam College, Cambridge University, where he was President of the Union, followed by a PhD at Glasgow University.
He worked as Treasury Finance Officer for the Kenya Government between 1966 and 1968. After lecturing at Glasgow University in economics he worked as a first Secretary in the Diplomatic Service in the Foreign and Commonwealth Office (1974-1976). He was then Deputy Director of the Overseas Development Institute, which included a period working for the then Secretary of State for Trade and Industry, John Smith MP, as a Special Advisor. From 1983 to 1990 Vincent worked as Special Advisor on Economic Affairs for the Commonwealth Secretary General, Sir Sonny Ramphal.
From 1990 Vince worked for Shell International and from 1995 was Shell's Chief Economist. He has also been head of the economic programme at Chatham House and is a fellow of Nuffield College, Oxford.0 -
No thoughts on the original question?
Is Germany the epitome of thrusting private enterprise, or is it a shining example of the social-democratic model?"It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0 -
StevenMarks wrote: »Se we should find some countries with much weaker economies to enter into a single currency with so their weaker economies hold down the exchange rate and let our manufacturers benefit?
Absolutely, they are the #1 beneficiaries of Greece and all the other countries holding down the value of the Euro so they can sell their exports cheaper than they would with the Mark.
They need the weaker countries in the Eurozone.0
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