Justin77Hirs

Hey!
Countries such as Portugal, Ireland and Greece, for example, got to borrow large amounts of money at low interest rates to finance development. France got to preserve its highly centralized system by foisting bureaucracy on its economic rivals.

warek44

being such a grown up person still i like watching disney channet and movies.
i am very fond of hannah montana and wizards of waverly place

fkoch

I am actually a bit worried about the whole situation and I hope that especially Greece will be back on track soon. Although I am not sure if this will be soon because they had elections on Sunday and the result is not the best for the European Union because they do not want to support the saving plans they simply have to fulfill in order to get more money from the EU.

geldjeff

on 17-June the second elections in Greece will show more details waht will happen next with the Euro

SionTech

Sorry for my English, I'm from Spain and the economy is very bad, but they have cut too drastic. These are going to favor recession subsides.

FranciscoBarcenas

Hi SionTech, I'm from Spain too and I agree with you. It's too drastic!!

FranciscoBarcenas

Having said this, it was neccessary to "help" banks such as Bankia re-emerging again. It's a shame we, citizens, have to suffer such cuts in the publich health system and education. The fact there is no talk about bankers paying for their mistakes in Spain makes me think that there is a completely different judicial system for the rich here.

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autoescuela sevilla

StephenHawking9

I think it will crash the europe economy as well as he world economy. Hope that never happen...

manuelkcrabtree

In the 10 years since the new currency replaced the Lira, Italians have lost 39.7% of their purchasing power.
This equates to 10,850 euros for a family of four over the period since January 2002, according to Codacons, a consumer rights body, reports Ansa news agency.
This is probably the largest fall in living standards since the Second World War.
An ice cream has gone up by 160%+ ; a packet of coffee is up by 137% ; and the cost of a sandwich almost quadrupled, it found.
And the misery doesn’t end. From January gas, electricity and transport prices will be shooting up again, plus there’s a mountain of new and increased taxes courtesey of EU Commissioner turned unelected pm Mario Monti.
Not to mention the effects of cuts to welfare and essential public services in budgets – passed by Monti this month and his predecessor, Silvio Berlusconi, over the summer - designed to halt a meltdown of the Single Currency area.
If anyone is looking for an explanation for the Euro crisis and its chances of overcoming it, the record of creating such misery among the citizens of its third largest member is a good one.