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Alitalia flight attendants strip to protest against their layoff

Estro Felino

Believer in free will
Premium Member
@To Europeans

Thank you for your support.:heart:
When I mean the EU, I do not mean European peoples. I mean the unfair regulations.
 

stvdv

Veteran Member: I Share (not Debate) my POV
@To Europeans

Thank you for your support.:heart:
When I mean the EU, I do not mean European peoples. I mean the unfair regulations.
:heart:

You have been more than crystal clear:cool:, in ca. 5 replies:).
If people still don't get it, they probably never will (or don't want to get it);)
 

ChristineM

"Be strong", I whispered to my coffee.
Premium Member
You live in France. It is the same exact thing.
The Banque de France is not free to print its own euros but has to borrow them from the ECB.

Yes, and???

I see no problems with having regulation on money, just print it willynilly and it reduces the value.
 

Estro Felino

Believer in free will
Premium Member
Yes, and???

I see no problems with having regulation on money, just print it willynilly and it reduces the value.
No. Because we are speaking of rich countries which overproduce.
There should be more money.

Devaluation is when you print money and you do not produce goods and services.
But Europe overproduces.
 

ChristineM

"Be strong", I whispered to my coffee.
Premium Member
No. Because we are speaking of rich countries which overproduce.
There should be more money.

Devaluation is when you print money and you do not produce goods and services.
But Europe overproduces.

Not very good at economics are you?

Devaluation happens when a country prints more money than its value.
 

Subduction Zone

Veteran Member
Not very good at economics are you?

Devaluation happens when a country prints more money than its value.
Which of course leads to inflation and is actually a tax on wealth. In the US that can also lead to a break for the country on loans that it has taken. The loans are usually to be repaid in US dollars. If the inflation rate is greater than the loan's interest rate it is a clear gain for the country's coffers.
 

Estro Felino

Believer in free will
Premium Member
Not very good at economics are you?

Devaluation happens when a country prints more money than its value.

Money is nothing.
Money = value we give to goods and services.

Example. A country produces (hypothethical number) 5 billion euros of goods and services per year.

But they have printed 3 billion euros only.

So: there is overproduction and you cannot buy the 2 billion euros product.


If you produce 3 billion products and you print 5 billion euros, there will be devaluation
 

Estro Felino

Believer in free will
Premium Member
Which of course leads to inflation and is actually a tax on wealth. In the US that can also lead to a break for the country on loans that it has taken. The loans are usually to be repaid in US dollars. If the inflation rate is greater than the loan's interest rate it is a clear gain for the country's coffers.

Devaluation takes place when a country has a low GDP. Weimarer Republik Germany.
The US produce a huge quantity of goods and services per year, so it can print lots of money, and there will never be devaluation.
 

ChristineM

"Be strong", I whispered to my coffee.
Premium Member
And we agree on that.;)
But Italy overproduces, that is why we are forced to export.

Hardly the fault of the EU or its bankers. And if alitalia over produced rather than expecting government and EU handouts they would not have gone belly up
 

Kooky

Freedom from Sanity
And we agree on that.;)
But Italy overproduces, that is why we are forced to export.
Italy deliberately chooses to produce goods for export. Nobody there is forced to make mozzarella or chianti, last time I checked (which admittedly has been a while).
 
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