Thursday, 28 July 2011

The main reason why Europe is going bankrupt these days

These last few months and years have been a disaster for the economic Europe as countries like Spain and Portugal are on the brink of bankruptcy and Greece has fallen so hard many think it's futile to exhaust the European Union funds on a country that is going not going the improve it's economy but fall in debt once again. Unfortunately my knowledge of economics is the same as the probability of China turning into a democracy so I decided rather to look at the historical variable that could have generated today's problems.

At first I was looking at the things in common the Southern Europe has in common and by accident my friend was reading a book about the Roman Empire and all it's history and he prompted that in fact the Roman Empire may have a massive say about how some countries are the way they are.

As many of you know during it's height the Roman Empire was in charge of every land around the Mediterranean Sea, in Europe and in Africa. However the Romans never reached the Baltic Sea and the North Sea where there are countries like Germany, Netherlands and Scandinavia. (Although you could argue that UK was just under their command for substantial amount of years than the Mediterranean countries). And if you now look at those countries you will see that they are now the power house behind Europe, they are the ones producing the most and they are the ones without so much as a flaw in their economies (UK excluded). Now the the countries that were under the masters of logistics and tactics that were the Romans are now on the cliff edge staring into the black abyss that is the economic failure because just look at Spain and their philosophy and their socially accepted system of life. For them it's coffee in the morning till 10 then bit of work then that infamous siesta and then a little bit of work again. For the southern countries that's the routine for most of them and that just smells of laziness and inability to care, it's like they are always high and don't really care about anything. I think this has lead them to this Economic failure and humiliation. Although some of you might argue that I am just going off the stereotypes that were just dreamt up by Northern Europe but that is just not the case as ask any Frenchman, Spaniard or Italian about the amount of work and expectations in work that are in countries like UK and they will answer that it's all too full of stress and other excuses.

This may not be the reason the very highly paid economists say but I think it has at least played a minor effect on today's economic failure in Europe.

16 comments:

  1. very interesting blog...+followed

    ReplyDelete
  2. It may have an effect. Not sure. I know I couldn't drink coffee until 10am and have a nap later on and call that workday. But that's just me.

    ReplyDelete
  3. Intersting post.


    french dude.

    ReplyDelete
  4. I think some of it is also relative to the fact thgat the UK goes by a different currency to the rest of europe

    ReplyDelete
  5. Very informative, thanks

    ReplyDelete
  6. Wow isn't it crazy how nowadays where ever your from all you hear about is how bad the economy is
    from Ireland to the Greeks the British and the Americans it's just so amazing how in many cases culturally we're world's apart yet the four words bring us all together are NOT IN THIS ECONOMY !! great post man following and supporting

    ReplyDelete
  7. damn governments spend more money than they have and think borrowing is the solution.

    ReplyDelete
  8. yeah,governments,politicians,economists hell people disgust me

    ReplyDelete
  9. Politics are horrible, which is why I'm getting a degree in them. People aren't educated enough to make judgement on political figures.

    ReplyDelete
  10. Thanks for the very informative post... Not sure whether a trip to Europe is such a good idea any more. Heh.

    ReplyDelete
  11. Thanks for the comments, appreciate your views on it and @Alexis Europe is very beautiful in many places but the recent events in the European Economy has raised many prices so a holiday in Europe now might be a bit more costly than let's say 5 years ago.
    @Zerotix Good for you as we need better politicians in this world, not the ones that just think of their position is just to get rich but not to improve the government.

    ReplyDelete
  12. So not only is the US having the Overspending issue? interesting.

    ReplyDelete
  13. this happens not only on major countries. Quite common nowadays. Let's just hope this won't fail the now worse economy of the world.

    ReplyDelete
  14. Everybody's going broke one way or another.

    ReplyDelete