EMU
- Thread starter Humus
- Start date
Indeed. And the recovery can be attributed to the adjustment to the EMU goals and implementing the first two stages of EMU. The No side sees the EMU stability pact as forcing certain policies "that aren't all that good" down their throat. Personally I just glad that finally the Swedish politicians are more or less forced to do sane financial politics rather than having the option to screw us all and leave the bill to the next generation by using heavy spending beyond what we can afford and thus raising the national debt to the skies.
CosmoKramer
Newcomer
Gubbi said:Strong words coming from Sweden, who's economy went down the tubes in the middle of the 80es and only just recovered in the last 5 years.
Cheers
Gubbi
Wrong. It went down the tubes in the early nineties and has been in recovery since 1994. Since then, like Humus said, we know the benefits of strict budget discipline.
But why do you feel that is a rebuttal to me for wanting the major euro-zone countries to adhere to the rules agreed upon as a necessary requirement for this whole adventure to work? Sounds like hurt national pride there
Well, what can I say. The results are the most dissappointing, 56% No and 42% Yes.
I was hoping for a Yes, and it seemed reasonably possible in the last polls where it seemed to be quite even. Then the results end up this bad ...
Another bad thing for Sweden this week.
If there's any good news than that's that our brother-people in Estonia voted Yes to joining the EU tonight, and that with an even stronger majority than the No side in the Swedish EMU referendum.
I was hoping for a Yes, and it seemed reasonably possible in the last polls where it seemed to be quite even. Then the results end up this bad ...
Another bad thing for Sweden this week.
If there's any good news than that's that our brother-people in Estonia voted Yes to joining the EU tonight, and that with an even stronger majority than the No side in the Swedish EMU referendum.
Humus said:
Our "brother-people"?
Since when did the Estonians become a "brother-people"?
The Stockholm government has tried to engender stronger Baltic ties, much to the bemusement of Swedes who aren't living by the Baltic sea. Apart from importing a fair bit of criminal activity, the actual results thus far have been meager indeed, and if you were a Swede from anywhere else, you might ask whether that effort hadn't been better spent on, say, Germany or Great Britain or for that matter the other nordic countries.
Entropy
Estonians are a brother-people in that we share a lot of culture and background. They have a language that's similar to that of our brother-people the Fins. Plus that they are physically close to Sweden.
Not sure what you mean with "meager" results. Despite enonomic trouble across the globe the last year Estonia saw an economic growth of 4.4%. Much of that is due to efforts from Sweden and I think Finland have had their share too in the baltic countries, maybe even larger than Sweden. Yes, there has been an increase in criminality crossing the baltic sea as we've grown closer, but that's quite natural. The baltic people are generally poor. They were raped of the soviet communistic regime for half a century, and got independence just twelve years ago. Money spent on helping the baltic enonomies up is well-spent money. Not to mention that there's a lot of potential in these economies.
Not sure what you mean with "meager" results. Despite enonomic trouble across the globe the last year Estonia saw an economic growth of 4.4%. Much of that is due to efforts from Sweden and I think Finland have had their share too in the baltic countries, maybe even larger than Sweden. Yes, there has been an increase in criminality crossing the baltic sea as we've grown closer, but that's quite natural. The baltic people are generally poor. They were raped of the soviet communistic regime for half a century, and got independence just twelve years ago. Money spent on helping the baltic enonomies up is well-spent money. Not to mention that there's a lot of potential in these economies.