(December 2, 2012 at 9:00 pm)Daniel Wrote: You have the same problem as the USA, except for the fact that your country has reasonable average wages. It doesn't change the fact that businesses can pay their workers tiny wages.
No we dont. We have mandetory minimum holiday days, and if the unions strike - they have a right to and cannot be fired since we have legal dissmisal protection.
The entire concept is centered arround keeping the state out of such economic matters as much as possible.
Companies are pritty much forced to work together with their employees here in order to be productive.
It only happens very seldomly that matters are so complicated that they go to the high court of labor.
Quote:Although you have the much bigger problem of being a part of the EU. Grouping together States with such radically different fiscal situations was always going to lead to the problems that have been created by it. This is the problem the USA has, except that it has had the same problem for a much longer time. Their country shouldn't have one economic model because their states are so diverse. The EU certainly shouldn't have created a single economy for countries that had such different economies to begin with.
The EU was a custom union up untill the crisis.
The main political agreements within the Eu until then were agreements on a general human rights charta and invormental regulations.
The sole purpose of a custom or tariff union is to create the field for a diverse market - there is no such thing as one european economy regulated by one single european institution.
Taxes in Ireland are low - in France they are high, economic regulations in the UK are low in France they are strickt.
Quote:Have fun bailing out Greece.
Actualy we only give one quarter of the money the rest comes from the IMF and the other members of the european central bank.
I think you are confusing a few things.
There never was a united regulatory institution for the economy.
We united our curencies - which was very overhasty since greece`s economy and financial status was a catastrophy before they eaven entered the EU.
