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Greek Q2 2013 GDP beats expectations

annatimone 12 8月的订阅  在 #Miss Dukascopy 2013 #Gdp #Economy #Unemployment #Greece #Youth Unemployment #Spiegel #Aid #Election #Gfc
Seasonally unadjusted GDP comes in at -4.6% from -5.0% exp giving a sliver good news to the ailing country. Greece also confirmed a primary budget surplus of €2.6bn for the year to July. It’s not all good news though as the figures follow news that Greek unemployment up to 27.6% (record high) in May from 26.0% in April. There’s 1.38m unemployed to 3.62m employed, but there is also 3.32m non-economically active. According to …
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annatimone avatar
annatimone 13 8月

You know, when I lived in Russia, the entire idea of credit didn’t exist. So, what happens if people don’t pay loan back to the bank? In the US your credit history is ruined and you cannot get any future credit and you pretty much cannot do anything. US is credit based system. If I’m not mistaken, Russia is cash based system. That is, if you have cash of course. So, in Russia if you don’t pay loan back to the bank what penalties can you expect? Or what incentives people have to pay loan back?

Nadin5794 avatar
Nadin5794 13 8月

absolutely agree

Nadin5794 avatar
Nadin5794 13 8月

банки пытаются выстроить подобную систему регулирования кредитной истории в России,но из за несогласованности их действий получается абсолютная неразбериха,люди берут по несколько кредитов и не несут за это ответственность....к тому же банки существенно завышают процентную ставку,это также плохо сказывается на возвратности кредитов...по сути вгоняют людей в долги как и у вас но пока не так жёстко..

annatimone avatar
annatimone 13 8月

Ok, I see. US has well a developed banking and legal systems. Besides the credit history, US legal system provides a lot of remedies to the lender and some protection to the borrower. Plus, don’t forget that US established and developed these systems over centuries and not over night, like Russia is trying to do. In the US generations grew up in this system, so there are certain expectations of responsibilities. And still, US has a lot of problems with borrowing. I can’t even imagine what it’s like in Russia. Thank you for sharing, Nadia. I learned a lot.

Nadin5794 avatar
Nadin5794 13 8月

yw

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Can Global Youth Unemployment Lead to WWIII?

annatimone 31 7月的订阅  在 #Miss Dukascopy 2013 #Brazil #Jobs #Global Unemployment #Youth Unemployment #Pope Francis #U S #Manufacturing #Globalisation
I read an article in Wall Street Journal about Pope Francis visiting Brazil and addressing youth unemployment. Pope called upon leaders to serve the poor and it is certainly true for any form of leadership. Recently, the International Labor Organization (ILO) published a damning report on global youth unemployment earlier this year, highlighting that in the global labor market 75 million youth are unemployed. It just concerns me that with increased globalisation, and manufacturing in the West b…
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jetaro avatar
jetaro 31 7月

nope dont think so.

annatimone avatar
annatimone 1 8月

I hope you are right. But remember the state of economy in Germany and the rest of the world before WWII? I hope it’s a stretch, but I would not overestimate our leaders and modern civilization.

Nadin5794 avatar
Nadin5794 6 8月

Одна из участниц конкурса живёт в Южной Америке и говорит об уровне жизни в странах на этом континенте-он отстаёт от европейского лет на 5,у меня есть знакомые в странах Азии и Восточной Европы,а также Африки,финансовое положение которых катастрофическое...люди на грани...если в Европе начнутся какие то волнения не думаю,что они просто успокоятся,так как и там ситуация далеко не радужная..

annatimone avatar
annatimone 6 8月

I completely agree with you. It doesn’t take much. How long can people last without jobs? Especially young people (17 to 25). It causes a lot of frustration and builds a lot of anger. We already see massive revolutions throughout the world and with an ongoing conflict in the Middle East…..I hope I’m just being very pessimistic, but WWII is not an unrealistic stretch.

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