The collapse of socialist Europe as the educated flee.

On a related note.....Couldn't happen to a nicer bunch of people. :D

http://www.telegraph.co.uk/finance/10390571/france-hollande-taxes-socialist-farrage.html

<B>Down and out: the French flee a nation in despair
The failing economy and harsh taxes of François Hollande's beleaguered nation are sending thousands packing - to Britain's friendlier shores</B>

By Anne-Elisabeth Moutet7:00AM BST 20 Oct 2013

Today, one out of four French university graduates wants to emigrate, “and this rises to 80 per cent or 90 per cent in the case of marketable degrees”, says economics professor Jacques Régniez, who teaches at both the Sorbonne and the University of New York in Prague. “In one of my finance seminars, every single French student intends to go abroad.”

By 2014, France's public expenditure will become the world's highest, at 57 per cent of GDP.
 
Quote from Grandluxe:

<B>A 'lost generation' from recession-hit Europe flocks to Britain to seek work – and finds it's not always what they hoped it would be</B>
WILL COLDWELL TUESDAY 22 OCTOBER 2013

Nothing tastes quite as good as a coffee brewed by an expert barista. However, increasingly the chances are that the person serving you will have a high level of expertise in something a bit more substantial than coffee. With students and graduates from recession-hit Europe moving to the UK in their droves in the hope of finding work, the person serving you that cappuccino could well have a PhD. Dubbed the "lost generation", it is not hard to come by the stories of the qualified and aspirational young people from countries such as Spain, Portugal and Greece who are struggling to find employment in the UK.

Last month, the seemingly hopeless situation led one 25-year-old Spanish man who works in a "famous coffee chain" to vent his frustration online. In a post published on Facebook and Twitter which has since been retweeted more than 31,000 times, he wrote: <B>"My name is Benjamin Serra, I have two bachelor's degrees and a master's degree and I clean toilets. No, it is not a joke."</B>

For Fernando Mariano, a 26-year-old student from Porto, the situation is quite simply "scary". "It was all very sudden," he says. <B>"The situation with culture in Portugal is very much based on subsidised companies and with the recession the government has cut them all."</B> It is easy for Mariano to recount similar stories: "Most of my friends at home have degrees but are unemployed at the moment," Out of 10 friends in my hometown, six are over here now and they work in bars and restaurants."

He continues: "Everyone's running away. Our PM said, 'Young people, please emigrate while you can.'

http://www.independent.co.uk/life-s...-be-better-educated-than-you-are-8895053.html

Cleaning toilets. The future promised by Obama.
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One has to imagine that the job situation in Europe is not all that far removed from that in the U.S. It seems there are good jobs but the the training is in the wrong areas, so we have a surplus of workers with these job skills and a dearth with those job skills. Right now, as I write this, there are thousands of jobs available for welders, especially in the Southeast. Certified welders can earn just shy of $50 per hour plus benefits. It is a very reasonable income. Some companies in my area are offering to hire off the street and train a person to weld at company expense on a work study program. Pay averages around 12/hr while learning plus medical and dental benefits.
 
Quote from Ricter:
Let me put my not-arguing-with-you-about-it differently: every country spent the gambling money differently.
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Yeah, for sure... My exhibit B chart is attached (both of these charts are from an excellent "Irish Credit Bubble" paper by Morgan Kelly at the University College Dublin)...

I know what you're saying and that you're not arguing with me. All I am suggesting is that the particular flavor of the gambling money that Spain and Ireland got their hands on meant that, optically, they were able to run very healthy sovereign budgets during the bubble years. Obviously, the natural flip side to that is that, in exchange, you end up with the sovereign - banking system entanglement that makes the ensuing blowup that much more painful for the taxpayer.

Again, it's just another manifestation of "The Tab".
 

Attachments

Quote from piezoe:
It seems to be only a matter of time until the ECB follows more closely the American Fed. But will that require a Euro Bond? And will the Germans allow it?

I'd like Martinghoul's opinion on this.
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My opinion is that the ECB will not follow the Fed. They have neither the will nor the way, IMHO.
 
and the is the model Obama, the Dems and the leftists on this site wish to follow?


Quote from Grandluxe:

On a related note.....Couldn't happen to a nicer bunch of people. :D

http://www.telegraph.co.uk/finance/10390571/france-hollande-taxes-socialist-farrage.html

<B>Down and out: the French flee a nation in despair
The failing economy and harsh taxes of François Hollande's beleaguered nation are sending thousands packing - to Britain's friendlier shores</B>

By Anne-Elisabeth Moutet7:00AM BST 20 Oct 2013

Today, one out of four French university graduates wants to emigrate, “and this rises to 80 per cent or 90 per cent in the case of marketable degrees”, says economics professor Jacques Régniez, who teaches at both the Sorbonne and the University of New York in Prague. “In one of my finance seminars, every single French student intends to go abroad.”

By 2014, France's public expenditure will become the world's highest, at 57 per cent of GDP.
More...
 
Quote from jem:

and the is the model Obama, the Dems and the leftists on this site wish to follow?
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Yes, they claim it will be different this time.
 
Don't y'all worry... Marine Le Pen is leading in the polls, so we're likely to see soon how much better the extreme right-wing is at governing France.
 
Quote from Martinghoul:

Don't y'all worry... Marine Le Pen is leading in the polls, so we're likely to see soon how much better the extreme right-wing is at governing France.
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Correct me if I am mistaken, but she has a long, long time to go before an election in France is on the docket. 2017?
 
Quote from jem:

and the is the model Obama, the Dems and the leftists on this site wish to follow?
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No. And "on this site" we have a few who want to leave America. Year after year they're wanting to leave... ; )
 
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