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EU: Slow degradation
  • Spain: No plans to reduce unemployment, could reach 25%. Massive cuts.
    Greece: Pension cuts, planned recession and about 18% unemployment.
    Italy: 66 years retirement age, mass privatization of everything (benks get main infrastructure for 10-20%, as usual), massive cuts.
    Belgium: All the same shit.

    S&P planned rating cuts for leading European countries.
    So, within a year we'll see all the same in others.
  • 9 Replies sorted by
  • We have 67 retirement in Germany already, introduced step by step depending on current age…
  • Here in netherlands also.
    retirement in steps to 67
    BIG cuts in social welfare.
    no more peyment for ad least 3 years, cao also frozen.
    if economics in business is going bad, they can send you home, and rend cheap people from poland or bulgarie.

    Its not Slow degradation, but really fast...
  • >Its not Slow degradation, but really fast...

    It is slow, compared to upcoming things :-)
    Countries still insist on paying debt making more debt.
    And this thing is, sad to say, always exponential.
    So, you need more and more each year.
    About cheap people. Cheap people are important as they allow to change money distribution.
    After transferring jobs, top 1% gets much more, managers gets slightly more, all else have only loss, as you have less money in budgets and no jobs.
  • And all those cuts in the name of "everybody has to contribute". And most people in Europe believe this sadly, while their economy is being looted again.
  • most people in europe DON'T believe that.
    thats is what the media say's
  • >most people in europe DON'T believe that.

    Ruling classes don't give a fuck about this.
    They are interested in people as workers who make big profits or as buyers( using their credits).
    As soon as you have no industry and problem with credits you are no longer required :-)
  • >Ruling classes don't give a fuck about this.
    They are interested in people as workers who make big profits or as buyers( using their credits).

    Yes, "they" don't. But only a minority of these are truly exploiters. Most are a simply uncapable of steping out of the system perspepective - they keep on the same track as it is the only way they know how to live. The idea of a ruling class as a "enemy" is a bit too black and white analysis- besides, I really don't see the majority of people as mean by nature - even though dawkin's the selfish gene almost made me thought otherwise -
  • @ttancredi, the system is primarily what is monstrous, not the people acting within it. One shouldn't mistake the basic human decency of the majority of the people on this planet for the system not being black-and-white the enemy. A couple hundred years ago you might have found slaveholders that prided themselves on treating their 'property' in a fair and humane manner, too. Doesn't affect the larger picture.
  • THE SHOCKING TRUTH OF THE PENDING EU COLLAPSE!