Francuska ostala bez para!?!

http://business.financialpost.com/news/economy/debt-problem

All the main European countries, the UK included, are running out of tax revenue well before the year is over. That is worrying for three reasons. It is reminder that spending is still way too high. It tells us that governments have failed to curb deficits. And it is a warning that next time there is a recession governments won’t have any room to respond with a fiscal boost.

There are lots of dry ways of pointing out that governments are spending a lot more money than they raise in tax revenue. Economists and statisticians wheel out debt to GDP ratios and chancellors and finance ministers set targets for deficit reduction. Those, however, usually come in hard-to-follow percentages, or else the billions and billions involved pile up so quickly that most of us simply glaze over.

But in France, the Institut Molinari has come up with a very neat way of illustrating the issue in simple terms. It works out the moment in the calendar after which everything the government does has to be financed through borrowing. If you wanted to, you could call it the day the money runs out.

So how’s that going? France, perhaps not very surprisingly, turns out to be the country that is out of cash first. A government which last managed to balance the books in 1980 used up all its money with 55 days of the year still left. That was a day earlier than the year before, and four days earlier than back in 2014. France is not only living beyond its means, but it is now doing so at an accelerating pace. And that was despite the fact that taxes and social security charges have gone up. Once those charges are combined, the state is raking in 53 per cent of GDP in revenues – its problem is that it then spends an even more massive 56 per cent of GDP over the same period.

But it was far from alone. Spain ran out of money on Saturday. Over in Romania, the bank account was empty as of yesterday. Next week, Poland will be out of cash, followed by Italy, which will be officially skint on Nov 26. In the UK, our politicians will have officially spent all the income tax, corporation tax, VAT, fuel duty they take from us by Dec 7.

Across Europe as a whole, central governments will be out of money on Dec 6.

Ne znam zašto ih deficit brine? Deficit je dobar.
Ne znaju zbrojiti dva i dva.

Only four EU countries manage to make it through Christmas and into the new year still in the black. They are Cyprus, Malta, Germany, and a surprisingly thrifty Sweden, which gets all the way to Jan 20. They are the exception, however. The norm is now for spending to be way ahead of the money collected in taxes.

možda su posikli sve šume:)

The deficits are not an emergency response to a sudden downturn. They are built into the system. That is worrying – for three reasons.

First, across Europe, governments are living way beyond their means. Those deficits are not coping with a sudden emergency, and they are not paying for investment that will help them grow faster in the future. The most persistent deficits are in social security schemes (and many would be even worse if pension liabilities were properly accounted for). Is that sustainable indefinitely?

Even though economies have mostly recovered from the crash, the deficits are still piling up, with no plan for paying them back. If you look at debt-to-GDP ratios, they are spiralling out of control as well. For the EU as a whole, the ratio stands at 89 per cent. Greece is on an alarming 176 per cent of GDP, while Italy is on 137 per cent and France and Spain are just a fraction under 100 per cent. When are they going to start to be reduced?

Finally, governments have run out of room for any kind of fiscal boost when there is another recession. The economy will inevitably turn down at some point, and there could be a major crash. When it happens, you’d hope the government could respond with increased spending. But it can’t do that if it is already locked into permanent deficits.

From now until the end of this year, most of Europe will be living on tick. Sure, that is sustainable right now. The markets are benign, and the European Central Bank is still buying government bonds by the cartload. But sooner or later, that debt will catch up with them – and that means Nov. 7 was a far more significant milestone than it may have appeared on the day.

žive na dug iznad svojih mogućnosti

dok im tržište vjeruje i ima volju posuđivati novac mogu još neko vrijeme tako gurati

no kad tad doći će do nove recesije, a dug će tada biti prevelik da bi im kreditori posudili još

imali su par godina prostora da smanje rashode no čini se da nitko u EU nema hrabrosti provesti strukturne reforme, političari radije socijalnim programima kupuju glasove birača na izborima, a kad dođe recesija bit će kuknjava

bilo bi bolje da dio tereta podnesemo sad, umjesto da sav teret pretrpimo kad dođe do nove recesije

ne troše dovoljno.

Treba sve preokrenuti i uvesti ratnu ekonomiju. To je jedini izlaz.

kic wrote:
ne troše dovoljno.

"It is reminder that spending is still way too high."


o čemu ti?

kad bi bar znali potrošiti i stiskati enter.

kic wrote:
kad bi bar znali potrošiti i stiskati enter.

imaš smiješne ideje

pokupio od jednog smiješnog lika.

kic wrote:
pokupio od jednog smiješnog lika.

čini se da ste u protu-fazi

https://en.wikipedia.org/wiki/Mirroring_(psychology)

mamin sin wrote:žive na dug iznad svojih mogućnosti

dok im tržište vjeruje i ima volju posuđivati novac mogu još neko vrijeme tako gurati

no kad tad doći će do nove recesije, a dug će tada biti prevelik da bi im kreditori posudili još

imali su par godina prostora da smanje rashode no čini se da nitko u EU nema hrabrosti provesti strukturne reforme, političari radije socijalnim programima kupuju glasove birača na izborima, a kad dođe recesija bit će kuknjava

PA to sam i ja Eri rekao kad je počeo da kenja o nakakvom rastu u Britaniji, i Americi. Sve se tamo temelji na deficitu i zaduživanjima a dokle će vidjet ćemo. Nema tu prave ekonomije. A ozbiljni ekonomisti su milijun puta demaskirali statitičke krivotvorine i namještanja podataka.

Nema tu zdrave ekonomije skoro nigdje. Kako će to sve završiti vidjet ćemo. Ali sva ova histerija i ratna retorika pokazuju veliku nervozu vlastodržaca i takozvanih elita na Zapadu. Razni ekonomsiti su pisali da im je pljačka i kolonizacija bivše komunističke Istočne Europe  i Rusije do 2000'te godine produžila vijek za nekih 30 godina ali i to je očigledno iscrpljeno. 

Zato svim silama pokušavaju oboriti Rusiju na koljena kako bi nastavili tamo gdje su stali do dolaska Putina na vlast.

kic wrote:
ne troše dovoljno.

kad su i najpoznatiji hedonisti omanuli, to znači fajrunt