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Both France & Germany contract

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Comments

  • sheffield_lad
    sheffield_lad Posts: 1,990 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Thrugelmir wrote: »
    Underlying UK economy has improved considerably.

    The issues that are holding growth back are Government debt, Consumer debt and the banks.

    So maybe the next decade is going to be very pedestrian.

    I agree with that, its no good folk shouting for growth when most households are paying off debt and before anyone mentions Balls no! More gov debt is not the way ahead.
  • The_big1
    The_big1 Posts: 16 Forumite
    Yeah France no surprise, but Germany is the only reason the Euro hasnt already collapsed.
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    The_big1 wrote: »
    Yeah France no surprise, but Germany is the only reason the Euro hasnt already collapsed.


    There is plenty of time.
    "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 Muruganantham
  • MacMickster
    MacMickster Posts: 3,648 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    The German public weren't particularly thrilled about the prospect of continuing bailouts to the southern European countries, even when their economy was doing resonably well. If the German economy continues to contract then it should make for a very interesting election campaign in the autumn.
    "When the people fear the government there is tyranny, when the government fears the people there is liberty." - Thomas Jefferson
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    grizzly1911 wrote: »
    There is plenty of time.

    I believe this is one of their largest imported expenses ;)
  • artisan_2
    artisan_2 Posts: 53 Forumite
    homelessskilledworker wrote: »
    Since 2007/08 the UK economy(can't speak for the others, but I am sure there are similarties) has been like a huge great big zit/boil that won't heal.
    The medics(Government) have decided in their wisdom to keep touching up the infected area with a little surgical spirit and constantly changing the dressing at great expence when the only thing that is needed is a little nerve and a sharp amount of instant pain is to give it one almighty squeeze and watch it explode and clear it of all the puss and gunk. Then after a very short rest watch it heal in no time at all, and then get back to work

    For someone not really well versed in this, what should the quick pain be in order for this to mend?
  • DervProf
    DervProf Posts: 4,035 Forumite
    Germany and France struggling ?

    Ed Balls has the answer !
    30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.
  • Wookster
    Wookster Posts: 3,795 Forumite
    I'm surprised Ed and Ed haven't blamed the Tories.
  • purch
    purch Posts: 9,865 Forumite
    I doubt Milliband knows where Europe is !!!!
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • Wookster
    Wookster Posts: 3,795 Forumite
    Thrugelmir wrote: »
    Underlying UK economy has improved considerably.

    The issues that are holding growth back are Government debt, Consumer debt and the banks.

    So maybe the next decade is going to be very pedestrian.

    Yes, not doubt that it has. I think there is also something that is now stalking folks and that is the potential return of Labour to power. I few folks I know who are in the market for property are of the view that they will get 5 - 10 year fixes, simply to hedge the bet of Labour totally losing control of public finances and triggering a currency/ interest rate crisis.
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