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Post by Sir John on May 10, 2013 21:58:36 GMT -5
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Post by Swampy on May 10, 2013 22:27:14 GMT -5
Didn't Hitler say something like "today, Germany, tomorrow, the world"? ;D |
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Post by mcnoch on May 11, 2013 11:02:17 GMT -5
Never trust a statistics you haven't faked yourself.
In total number the personal debt is higher than in other countries, but the Netherlands have after Luxembourgh the higest average income, so it will be much easier for them to repay their personal debts, which is mainly caused by real-estate. And even when it was over-valued, their real-estate has much more value than those settlements in the Spanish desert or illegal constructed buildings on public ground in Spain which were sold to foreign investors. Don't worry too much for the Netherlands.
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Post by Sir John on May 11, 2013 15:25:40 GMT -5
"The government is missing its deficit targets, despite imposing deep austerity measures as recently as last October. Just like other euro-zone countries, Holland now seems locked into a vicious cycle of rising unemployment and declining tax revenues, leading to yet more austerity — and even more cuts and unemployment. Once a country gets set on that track, it is very hard to get out of it again — and certainly not within the confines of the euro."
The Dutch people may well be able to service their debt load, but the Dutch government is on the same slippery slope as the others.
An unemployed man will soon find his debt load as unmanageable as the governments.
SJ
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Post by mcnoch on May 12, 2013 10:11:20 GMT -5
Well, the Dutch CBS calculates its stats a bit different. They count everyone between 15 and 65 (instead of 16 to 74, as you go into retirement with 65) who is working less than 12 hours per week, but would like to work longer as unemployed, so all part-time workers, students and pupils leaving schools (which annually happens in March) count from day one as unemployed, even when they are in holiday before their university or professional career continues in May. The real rising unemployment came from retail and the restructured health care sector. Normally not the persons who make a lot of money and own big houses, even in the NL. So yes, -1% GDP is called up, but that is no big issue for the Netherlands and was expected. THe prediction is at 6,5 %, so not much space left, but within the expectation of the restructuring.
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Post by Sir John on May 12, 2013 17:58:32 GMT -5
"the Dutch CBS calculates its stats a bit different. They count everyone between 15 and 65 (instead of 16 to 74, as you go into retirement with 65) who is working less than 12 hours per week,"
For comparison purposes it matter little so long as the criteria is the same.
Over here we call anyone who works only ONE hour a week as employed. And if that does not work we put them on a Disability Pension.
SJ
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Post by mcnoch on May 12, 2013 23:54:39 GMT -5
>>For comparison purposes it matter little so long as the criteria is the same.<<
And that is the problem. In Germany you counted as unemployeed when you receive unemployment aid, which requires that you had a job before. This is phasing out all the school-leavers and students who are between education and job.
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