https://wikibbutz.beeri.org.il/api.php?action=feedcontributions&feedformat=atom&user=MarjorieSalvatore883 2026-04-18T09:25:12Z תרומות המשתמש MediaWiki 1.45.3 https://wikibbutz.beeri.org.il/index.php?title=%D7%9E%D7%A9%D7%AA%D7%9E%D7%A9:MarjorieSalvatore883&diff=10435 2012-05-14T13:08:29Z

<p>MarjorieSalvatore883: דף חדש: Europe is lost in a maze, unable to find an exit. Voters have changed all calculations. The people have spoken and in increasing numbers are expressing impatience with austerity. Fran...</p> <hr /> <div>Europe is lost in a maze, unable to find an exit.<br /> <br /> Voters have changed all calculations. The people have spoken and in increasing numbers are expressing impatience with austerity.<br /> <br /> Francois Hollande's victory in France has sent tremors across Europe. He has challenged the German script for managing the crisis. Austerity first, in his view, is failing.<br /> <br /> It is likely that his campaign message contributed to the success of anti-austerity parties in Greece. If voters in France were resisting further spending cuts why should voters in Greece not do the same?<br /> <br /> Chancellor Angela Merkel looks increasingly isolated. Even voters in North-Rhine Westphalia, the most heavily-populated German state, rejected her party in favour of the Social Democrats (SPD), who promised to go easy on cutting debt.<br /> <br /> Here's the bind: Europe chose to tackle its debt crisis not just by cutting deficits but by adopting a pact that limits spending in the future. The Germans see it as essential discipline for the survival of the single currency; others see it as a dangerous straitjacket.<br /> <br /> What had not been envisaged was how swiftly economies would decline. By the end of 2012 the Greek economy will have shrunk by 20% in five years. Italy is mired in recession. Spain will see its economy decline by 1.8% this year and could well remain in recession next year. Almost certainly it won't reach its target for cutting its deficit. <br /> <br /> France will struggle too.<br /> <br /> The renowned economist Joseph Stiglitz called Europe's debt strategy &quot;suicidal&quot;.<br /> <br /> If austerity is leading Europe into deep recession - some are saying it is reminiscent of the 1930s - then what is to be done?<br /> <br /> For borrowing more to stimulate the economies would only deepen the debt crisis.<br /> <br /> Hence the search for a growth strategy - but structural reforms take time to deliver and Europe does not have time.<br /> <br /> Which brings us back to Greece. Anti-austerity parties believe that Greece is slowly being strangled economically. They want the terms of their bailout deal renegotiated.</div>

MarjorieSalvatore883 https://wikibbutz.beeri.org.il/index.php?title=MarjorieSalvatore883&diff=10434 2012-05-14T13:08:23Z

<p>MarjorieSalvatore883: דף חדש: Europe is lost in a maze, unable to find an exit. Voters have changed all calculations. The people have spoken and in increasing numbers are expressing impatience with austerity. Fran...</p> <hr /> <div>Europe is lost in a maze, unable to find an exit.<br /> <br /> Voters have changed all calculations. The people have spoken and in increasing numbers are expressing impatience with austerity.<br /> <br /> Francois Hollande's victory in France has sent tremors across Europe. He has challenged the German script for managing the crisis. Austerity first, in his view, is failing.<br /> <br /> It is likely that his campaign message contributed to the success of anti-austerity parties in Greece. If voters in France were resisting further spending cuts why should voters in Greece not do the same?<br /> <br /> Chancellor Angela Merkel looks increasingly isolated. Even voters in North-Rhine Westphalia, the most heavily-populated German state, rejected her party in favour of the Social Democrats (SPD), who promised to go easy on cutting debt.<br /> <br /> Here's the bind: Europe chose to tackle its debt crisis not just by cutting deficits but by adopting a pact that limits spending in the future. The Germans see it as essential discipline for the survival of the single currency; others see it as a dangerous straitjacket.<br /> <br /> What had not been envisaged was how swiftly economies would decline. By the end of 2012 the Greek economy will have shrunk by 20% in five years. Italy is mired in recession. Spain will see its economy decline by 1.8% this year and could well remain in recession next year. Almost certainly it won't reach its target for cutting its deficit. <br /> <br /> France will struggle too.<br /> <br /> The renowned economist Joseph Stiglitz called Europe's debt strategy &quot;suicidal&quot;.<br /> <br /> If austerity is leading Europe into deep recession - some are saying it is reminiscent of the 1930s - then what is to be done?<br /> <br /> For borrowing more to stimulate the economies would only deepen the debt crisis.<br /> <br /> Hence the search for a growth strategy - but structural reforms take time to deliver and Europe does not have time.<br /> <br /> Which brings us back to Greece. Anti-austerity parties believe that Greece is slowly being strangled economically. They want the terms of their bailout deal renegotiated.</div>

MarjorieSalvatore883