Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (64416)	5/30/2005 2:11:53 AM
From: elmatador	Read Replies (2) of 74559

Elmat dissects Europe: The rude awakening. Everyone was slapping his own back on the opening of the Berlin Wall. Champagne popped up. Launch of the Euro, up went the fire works. But that wouldn’t change the reality. European didn’t want to face globalization. When they added Portugal and Spain, they added countries go out to S. America and invest money there. They wouldn’t eat Europeans’ lunch. Those 10 new members are not countries that will go out there and will export like crazy and invest abroad. Those new countries are full of people who do one of the best engineering in the world. Hungarians, Czech, Slovakians, Polish, Latvians… This people compete in the same niche that Germany, Sweden, France compete. Now they threaten to eat the Europeans lunch with a 30% cost advantage… You get a country with 35-year old Prime Minister. You go to a meeting and all the high ranking people in the company there are in the mid-thirties too!! When the US called them the new Europeans and the westerners old Europeans, western side Europeans were shocked. Those minnows came to stand as tall as the big boys! Europe had to put a constitution in place to clip the wings of those minnows. Let’s corset them now; else they would be cutting the west side down to size. Europeans vote no. They are too worried about state hand outs. Too worried about the Globalization winds. Instead of bracing and do something about it. They pass the problems to their governments: We want to keep sucking milk form the state's teats!!! As the Eatsern Europeans embrace globalization, the West siders will slowly go down...

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