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EU “nightmare of unemployment” debate reaches ECB, which cuts rates to record low 0.5%

Friday, May 3rd 2013 - 02:24 UTC
Full article 3 comments

The European Central Bank cut interest rates to a new record low on Thursday amid a chorus of calls for the Euro zone to focus on growth to end a “nightmare of unemployment” in the bloc. It was the first cut in ten months. Read full article

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  • DanyBerger

    Oh! the idiots are realising now that austerity measures don't work.
    May be they will implement Cristina economic measures?
    Not too late fella...

    May 03rd, 2013 - 07:39 am - Link - Report abuse 0
  • Conqueror

    It's important to notice the similarities between the eurozone, indeed the EU as a whole, and a failed state such as argieland.

    Inflation in the eurozone is at 1.2%. Whilst argieland has 26%.
    Argieland has a “blue” unofficial exchange rate exceeding NINE pesos to the dollar. The eurozone doesn't have anything like that.
    Argieland has recently imposed a “freeze” on food prices in supermarkets so that the population doesn't starve. The eurozone doesn't have anything like that.
    Argieland produces “official” statistics that are widely discredited (that means they are lies) and takes action against people daring to publish different figures. The eurozone doesn't have anything like that.
    Argieland “pay negotiations” commonly start around increases of 25%. Eurozone pay negotiations generally start around 1-2%.
    Argieland is protectionist and levies taxes on exports. The eurozone, and EU, is also protectionist but doesn't.
    And one final thing. The eurozone is an “association” of 17 countries, all with different economies, capabilities and requirements affecting a population of 332,839,084. By comparison, argieland has a tiny population of 41,281,631.

    See all the similarities?

    May 03rd, 2013 - 01:28 pm - Link - Report abuse 0
  • DanyBerger

    @Conqueror

    “See all the similarities?”

    Yeahh I see it...

    Eurostat takes data provided by countries members and all lie and cook the books as its is convenient to them or may be not like Greece.

    Any idiot can realise that but you.

    “Argieland produces “official” statistics that are widely discredited”

    Emmm like yours perhaps?

    “Lies, damned lies and Greek statistics”
    Cooking the books can lead to a half-baked result, writes Tim Harford

    “The UK’s Office for National Statistics did not to correct a significant flaw in the way the retail price index was calculated, a decision that seems to have been motivated by a preference to overcompensate pensioners,
    index-linked bond investors and others for inflation.”

    http://www.ft.com/cms/s/0/fc5e295a-663b-11e2-b967-00144feab49a.html#axzz2SJOwthF3

    “the formula used to produce the RPI does not meet international standards and recommended that a new index be published” Jil Matheson

    “If the RPI had reduced, JP Morgan economist Allan Monks estimated it would have saved the Treasury between £3 billion to £4 billion in servicing its own debt.”

    So idiot try to sell your crap to someone more idiot than you.
    Ok, that will be so painful because will be so hard to find one.

    Doesn’t matter you try anyway

    May 04th, 2013 - 09:34 am - Link - Report abuse 0

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