Banks saved, but Europe risks "losing a generation"

Comments (47)
hombre41 wrote:

Their problems stem from their assumption that the gov’t will solve their problems.

Mar 11, 2013 8:36am EDT  --  Report as abuse
hombre41 wrote:

Their problems stem from their assumption that the gov’t will solve their problems.

Mar 11, 2013 8:36am EDT  --  Report as abuse

“One of the biggest threats to the European Union is that people entirely lose their confidence in the capacity of the EU to solve their problems.”

Amazing. Simply amazing. This is the president of the EU parliament saying this. 50% unemployment but the real problem is one of “trust.” I just want to know what any politician has done to earn anyone’s trust whatsoever. Whatever happened to trusting oneself and /making/ a job if you can’t find one? Where are your entrepreneurs? Oh, right. Your government hates them.

Mar 11, 2013 8:44am EDT  --  Report as abuse
tinwhistler wrote:

This is the result of a democratic-socialist economy, much like Obama is trying to implement in these United States. The reason they are unemployed and on the dole is that they have a dole.

Mar 11, 2013 9:53am EDT  --  Report as abuse
KittyWitty wrote:

Can we just put communism and socialism to bed once and for all? Healthy humans cannot be kept on life support indefinitely just as economies cannot be managed by elitist bureaucrats. Allow well-regulated free markets to prosper, and relegate governments to the level of custodians and police officers where they belong.

Mar 11, 2013 9:54am EDT  --  Report as abuse
Jameson4Lunch wrote:

Headline should read ‘Banks saved, but Europe risks losing central control.

A government is allowed to rule with the understanding that it will work to make the lives of its people better. The governments of the EU are largely under the influence of the ECB now. They are trying to work towards the benefit of the central bank, not the people. European countries are risking far more than a generation. They’re risking their legitimacy.

Mar 11, 2013 10:10am EDT  --  Report as abuse
Renox wrote:

It actually amazes me that people don’t do anything about this. Have they been lobotomized, pacified to such degree that they accept the looting done by Banks and Governments?
Back in the old days, kings and emperors were the obvious culprits, but now who knows where the money is going?
Democracy is the perfect Government format to use for wealth transfer without any accountability.

Mar 11, 2013 10:28am EDT  --  Report as abuse
ragu4u wrote:

I don’t think anyone EVER had confidence in the E.U.

Mar 11, 2013 10:34am EDT  --  Report as abuse
frgough wrote:

The indoctrination runs deeper than people realize. Governments are not allowed to rule with the understanding they will work to make the lives of its people better. Governments are allowed to rule to preserve the LIBERTIES of the people. It is up to the people themselves to make their lives better. This attitude that it’s the government’s job is what got Europe and the United States into the messes they are in right now.

Mar 11, 2013 10:34am EDT  --  Report as abuse
GenuineCPA wrote:

Spain and Portugal just need a $15 per hour minimum wage, right?

That’s what Obama is proposing in the US to combat unemployment.

Its like he doesn’t understand that when something is more expensive, employers will consume less of it.

When employees become more expensive they become less attractive, and technology to replace them becomes more attractive.

If you want higher employment, you need lower wages, not higher wages.

Mar 11, 2013 10:41am EDT  --  Report as abuse
baldernyu wrote:

“One of the biggest threats to the European Union is that people entirely lose their confidence in the capacity of the EU to solve their problems.” And that is why it is failing. People in Europe and an alarming and increasing number in the USA believe the government can steip in and solve their problems. That is why we are where we are today.

Mar 11, 2013 10:42am EDT  --  Report as abuse

Hold on now. It’s $700B in backing, a promise, not cash. They don’t just hand it out. Look, investors have lost billions in Greece and Italy and Ireland, ok. Be an adult and look at both sides of an issue.

Mar 11, 2013 10:56am EDT  --  Report as abuse

Hold on now. It’s $700B in backing, a promise, not cash. They don’t just hand it out. Look, investors have lost billions in Greece and Italy and Ireland, ok.

Mar 11, 2013 10:56am EDT  --  Report as abuse
jimmr wrote:

Big Government, works for the Government, bureaucracy, big banks, and stifles growth of anything but government and all of our freedom.

Mar 11, 2013 11:30am EDT  --  Report as abuse
Jameson4Lunch wrote:

frgough – Only in America. While I totally agree with you on what the role of government is (to enforce the rule of law), the US of A is a bit unique in that its Bill of Rights are protections against government intrusion on our natural rights, rather than something that grants rights. In the end, all government must work on a basis of a social contract, though. That means that those who are under the rule of a government must perceive the benefits of being ruled (which is common defense, law enforcement to some, healthcare and foodstamps to others) outweigh the downfalls (tyranny, taxes, detrimental laws).

In our country, yes, the federal government was established to preserve liberty and provide a common defense. European countries seem to have a much more socialist bent to them. A growing trend in our own population.

Mar 11, 2013 11:35am EDT  --  Report as abuse

and we (america) are next

Mar 11, 2013 12:29pm EDT  --  Report as abuse
accbar wrote:

The banks represent themselves and have an interest quite apart from yours and mine. Their interests are in crony capitalism which involves streaming bits and bytes of trust projections at their masters directives. For this they are paid in trust vouchers which they use to buy real assets. This in a game called fiat currency and yes, there is nothing behind it but good faith and credit.
How did we come to this place in 50 short years?
The principle answer is found in government education which for a bit over a hundred years has guided us to mock God and worship bureaucrats.
For anyone who takes a check from government dances to that pipers tune. The object is then to keep the piper happy and playing which means that the children must be raised up to pay for any tune the piper wishes next. Late in the 1800′s the people who wrote the text books that trained the teachers recognized the piper as an anachronism and changed the music to a siren wail. Those not lashed to the mast were soon overcome by total reliance on the expert and the inherent judgement of the “scientist”.
So, God had to die that the masses could be led to utopia by the perfect among us. Those visionaries that used data and studies to make us the uber mensch they’re dreams made for us. For this they took our children, for generations. In turn they gave us Pol Pots, Hitlers, Maos, Stalins and you name your favorite visionary murderer. Yet more, they are giving us the fast ride, atop a collapsing mountain of debt in fiat currency. But still, people are not behaving to plan. For people, as God made us, are a stubborn thick necked lot and so must be coerced into doing a tyrants bidding.
Well, brothers and sisters, even if we grew up being pounded down in a government school we still know God. He is the creator, the maker of the universe. You can’t just kill him in a lecture silly people. He gave you access to intellect, in His own image. Where do you think your guilt and laughter come from?
He is the way the truth and the life and He bought your freedom at a great price and it is yours, simply for the taking and thanking.
Try that with a bank.

Mar 11, 2013 12:40pm EDT  --  Report as abuse
totherepublic wrote:

Seems like Greece, Spain and parts of Italy and Portugal need to come up with something to contribute to the world that is worth something. The US is very quickly headed for the same trouble. You can only survive on “services” and tourism so long and then you have to actually become productive. Again that is such a common sense thing most liberals can not grasp the concept.

Mar 11, 2013 1:21pm EDT  --  Report as abuse
Woody_UMO_82 wrote:

Maybe something was lost in translation, but Herr Schultz sounds like an incoherent, babbling fool. Of course he believes that “the biggest threats to the European Union is that people entirely lose their confidence in the capacity of the EU to solve their problems.” Maybe because government does not solve problems – it only complicates problems with additional layers of regulation and legislation. Government is not the solution – it is the problem (yes, someone else said it first). I suspect that Herr Schultz’s real concern is that he will be unemployed when the EU collapses. He’d better brush up on those bookselling skills. He may have already been replaced by Amazon.

Mar 11, 2013 1:45pm EDT  --  Report as abuse
GaryGary wrote:

Perhaps it’s time to think about moving to China, S.Korea, or Japan as that is where the jobs are due to their procted markets !

Mar 11, 2013 3:47pm EDT  --  Report as abuse
MarkinLA wrote:

Time for the EU to disband and let people settle their own problems without politicians gumming up the works.

Mar 11, 2013 4:45pm EDT  --  Report as abuse

If bailing out banks was the right move, then why is bailing out all the other businesses the wrong move?

Mar 11, 2013 4:50pm EDT  --  Report as abuse
greggebhardt wrote:

EU must learn you can not buy yourself out of a recession.

Mar 11, 2013 5:02pm EDT  --  Report as abuse
remly wrote:

they are laying the foundations for civil war in europe

Mar 11, 2013 7:32pm EDT  --  Report as abuse
StanGahpa wrote:

“One of the biggest threats to the European Union is that people entirely lose their confidence in the capacity of the EU to solve their problems.”

I’d argue that the biggest threat is that the people would believe the government actually possesses the capacity to solve their problems. This begets too much reliance on government and too little reliance on one’s self. Government should be there to help us solve our own problems, not to do the job for us. Are we adults or children?

Mar 11, 2013 8:54pm EDT  --  Report as abuse
TipiRick wrote:

Pols like this fellow and the people now think government is supposed to provide solutions to the problems people have. They and the general populace haven’t a clue that this thinking IS the root of all their problems: reduced self-reliance and accountability. Stew in it Europe. Then learn from this experience and reduce government, taxation, regulation and promote a free market economy. You have proved Keynes wrong and Hayek right, moreover that socialism does not work, capitalism does. Now that you know better, start over.

Mar 11, 2013 9:06pm EDT  --  Report as abuse
AdamSmith76 wrote:

Inherent in socialism is government and big business melding together, and that works out pretty well for big business. Germany has very productive businesses, such as Siemens, BMW, Allianz, Deutsche and Telekom but how many small businesses became big businesses in the past 30 years? Aldi. Not so in the US: Microsoft, Apple, Walmart, and Berkshire Hathaway were all relatively small 30 years ago, and they are but a fraction. How many German giants have fallen? I’m trying to think of one. Socialism causes stagnation, and Germany is the success story. It’s much worse for Italy and Spain.

Mar 11, 2013 11:23pm EDT  --  Report as abuse
OneOfTheSheep wrote:

“…a German socialist [is concerned] that people entirely lose their confidence in the capacity of the EU to solve their problems.” I can see why he’s concerned about the very idea getting around that governments without money are governments without answers. Socialism can’t bear the bright light of such scrutiny.

“Greece, Spain and Italy have perhaps the best educated generations they have ever had in their countries, their parents invested a lot of money in the education of their children, everything they did was right,” said Schulz. “And now they are ready to work the society says, ‘No place for you’.

Get used to it. Fewer and fewer people are needed to do what absolutely NEEDS doing in societies around the globe. And yet some countries retain policies encouraging population growth, which then typically occurs in the population demographic that is least intelligent, least educated, least skilled, least motivated, least likely to have (or ever have) a job, or still have “something to contribute” to society in future years.

“No place for you” is the future. Plan for it. It is absolutely and unavoidably the now and future reality.

Mar 11, 2013 12:26am EDT  --  Report as abuse
OneOfTheSheep wrote:

“…a German socialist [is concerned] that people entirely lose their confidence in the capacity of the EU to solve their problems.” I can see why he’s concerned about the very idea getting around that governments without money are governments without answers. Socialism can’t bear the bright light of such scrutiny.

“Greece, Spain and Italy have perhaps the best educated generations they have ever had in their countries, their parents invested a lot of money in the education of their children, everything they did was right,” said Schulz. “And now they are ready to work the society says, ‘No place for you’.

Get used to it. Fewer and fewer people are needed to do what absolutely NEEDS doing in societies around the globe. And yet some countries retain policies encouraging population growth, which then typically occurs in the population demographic that is least intelligent, least educated, least skilled, least motivated, least likely to have (or ever have) a job, or still have “something to contribute” to society in future years.

“No place for you” is the future. Plan for it. It is absolutely and unavoidably the now and future reality.

Mar 11, 2013 12:26am EDT  --  Report as abuse
OneOfTheSheep wrote:

@accbar

You’re kidding, right?

Mar 11, 2013 12:33am EDT  --  Report as abuse
JFKIII wrote:

This proves government does not solve anything and only creates misery. Leftist never seem to get it.

Mar 12, 2013 8:00am EDT  --  Report as abuse
pondliner wrote:

Send your well educated children to us. It worked well at the beginning of the previous century. USA all the way!!!

Mar 12, 2013 8:39am EDT  --  Report as abuse
JerseyDave wrote:

Same priorities here in the US. Look at the HSBC types getting off for laundering drug money, and no prosecutions of any bankers who knowingly resold bad loans to other banks and ruined them, setting off the 2008 crash. No prosecution of Jon Corzine of MF Global, either. Meanwhile our people suffer here in the US too.

Mar 12, 2013 9:23am EDT  --  Report as abuse
Overcast451 wrote:

“That crippling level of unemployment has led to protests and outbreaks of violence across southern Europe, raising the threat of full-scale social breakdown, including rising crime and anti-immigrant attacks that can further rattle unstable governments.”

The standard results of Socialism.

Mar 12, 2013 11:07am EDT  --  Report as abuse
Robocop5626 wrote:

The government collects most workers incomes to redistribute to those unemployed, so why bother trying to work in the first place? Throw in the mix union jobs with lifetime guaranteed employment but with low productivity and you have a declining standard of living. People come to rely on the government services and can no longer do for themselves so it becomes impossible to dismantle any portion to stimulate the economy. I would imagine if you paid all the unemployed a government stipend to pick up trash, paint dilapidated homes and rebuild aging infrastructure, people would refuse preferring foment political discontent and to battle police for stay at home benefits

Mar 12, 2013 12:20pm EDT  --  Report as abuse
Overcast451 wrote:

I like to believe that people in the long run are going to do more to promote peace than our governments. Indeed, I think that people want peace so much that one of these days governments had better get out of the way and let them have it. – Dwight D. Eisenhower

Mar 12, 2013 12:40pm EDT  --  Report as abuse
furiousgeorge wrote:

Young people in america feel the same way. I’m in graduate school and rely on student loans and public assistance to get by. Unless I can land a teaching job post-graduation (unlikely), I doubt I’ll be able to find a job I want and/or one I can afford. The problem, as I see it, is the antiquated notion that employment status should determine income.

Mar 12, 2013 1:41pm EDT  --  Report as abuse

“We saved the banks but are running the risk of losing a generation,” said Martin Schulz, a German socialist

Why does that term, “German socialist” make me uneasy?

Mar 12, 2013 3:22pm EDT  --  Report as abuse
Archon7 wrote:

We have the same problem in America… the older generation goes around wringing their hands about how we can’t pass all this debt on to our children and grandchildren, then votes themselves more benefits, and rises up to fight anyone who suggests we cut funding for their own benefits.

Mar 12, 2013 3:25pm EDT  --  Report as abuse
nashusa wrote:

Durring times of high un employment have European countries purposely limited immigration? The U.S. has not. Apparently, native born citizens do not merit government consideration or sympathy from the media.

Mar 12, 2013 3:59pm EDT  --  Report as abuse
PacRimJim wrote:

Unfortunately, Europeans will draw the wrong conclusion from this debacle. Their disinheritance and impoverishment will convince them to depend even more upon the very state that is responsible for their situation, thus ensuring that their children will be swept into the same maelstrom.

Mar 12, 2013 4:41pm EDT  --  Report as abuse
rightyb wrote:

yup thats the ticket. guaranteed made up govt jobs. get paid to not work basically. have a productive person pay for it or print it. yup thats the answer to solving the youth unemployment problem….give them money you dont have.

ba bye europe. you deserve it. hi muslims….

Mar 12, 2013 4:48pm EDT  --  Report as abuse
rightyb wrote:

next….mutually assured economic destruction….where do we sign up to be on the hook for the rest of the world..if sure obama cant wait to sign! social justice baby!

Mar 12, 2013 4:50pm EDT  --  Report as abuse
1942.bill wrote:

How many generations has Europe lost in the past century. Does anyone believe that they will ever get their collective act together? Pathetic!

Mar 12, 2013 6:08pm EDT  --  Report as abuse

As much as many American’s like to insult the European Socialism, both Germany and France have been very strong players in the recent global economy. Germany did very well with their work with China. And France has a huge economy for it’s population size. Germany did it with Unions. Of course, they have some German pride to help things along.

Mar 12, 2013 6:49pm EDT  --  Report as abuse
jrj906202 wrote:

This may be good news if people stop worshipping govt.Govt is a false God.Better to depend on the real God and your own abilities.People,using Govt,to steal from other people,always ends up bad.Obama and Democrats are leading the U.S.,in the direction of Europe,as more American give up on the real God and worship Govt,looking to Govt,to solve all problems and as their savior.

Mar 13, 2013 11:47am EDT  --  Report as abuse
TheNewWorld wrote:

When will the right and the left realize that the banks and the government are synonymous? Fiscal policy is not ran by elected officials, it is ran by those appointed by the world bank. The US and EU governments are here to keep everything under control. Look at every liberty we have lost in the US since 2001.

Privacy is gone. The right to due process is gone. The right to bear arms is under attack. The number of people dependent on the government is on the rise. The government is expanding at a rate never seen before. The people answer to the government, the government answers to the world bank. And the “progressives” and “nationalists” are the ones pushing us into a world of no rights and no liberties, but a large police state, just like in Italy and Germany not so long ago.

Mar 14, 2013 6:29pm EDT  --  Report as abuse
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