France and Germany out of recession

[justicar5]

France and Germany are under going econmoic growth again amongst the first to do so, and guess what? They are socialist states.

http://www.guardian.co.uk/business/2...nomic-surprise

http://news.bbc.co.uk/1/hi/business/8198766.stm

[Poach]

People have claimed the recession has bottomed out, began a recovery, or outright over based on such small events. I'm not an economist, but the amount of times claims like these have been made and turned out to be false has taught me to wait a while before believing France and Germany are out.

Not that I don't want them to be, I've got nothing against socialism and more power to them if their ways have got them ahead.

[Darsh]

France and Germany are under going econmoic growth again amongst the first to do so, and guess what? They are socialist states.

http://www.guardian.co.uk/business/2...nomic-surprise

http://news.bbc.co.uk/1/hi/business/8198766.stm

We aren't "socialist states" but "Mixed Economies (both capitalism and socialism)"

Our system isn't so bad that many Anglo-Saxons seem to think especially in the crisis time.

[Yorkshireman]

We aren't "socialist states" but "Mixed Economies (both capitalism and socialism)"

Our system isn't so bad that many Anglo-Saxons seem to think especially in the crisis time.

Anglo-Saxons ? Not sure what King Harold thought about it, but I've never heard any British criticising the French system of governance.

how the hell is those countries socialist?

He's just remarking on how many people, (usually Americans) think that European countries are all socialist/commies because we have universal healthcare and support welfare states.

[Bellus88]

We aren't "socialist states" but "Mixed Economies (both capitalism and socialism)"

Our system isn't so bad that many Anglo-Saxons seem to think especially in the crisis time.

lol, stop living in the past.


The largest single English population live in England, a constituent country of the United Kingdom. They are generally believed to be a mixture of several groups that have settled in the area, including Britons (or Brythons), Angles, Saxons, Jutes, Vikings and Normans

http://en.wikipedia.org/wiki/English_(ethnic_group)

[Bleda]

We aren't "socialist states" but "Mixed Economies (both capitalism and socialism)"

Our system isn't so bad that many Anglo-Saxons seem to think especially in the crisis time.

Anglo-Saxons have opinions about socialism? Is this 1066 or 2009?

[Darsh]

Anglo-Saxons have opinions about socialism? Is this 1066 or 2009?

In contemporary usage, Anglo-Saxon can be used in various contexts to mean people predominantly descended from the English ethnic group, in England as well as other Anglophone countries. This usage is restricted to certain contexts in Anglophone cultures, but this term and its direct translations are commonly used in other languages.

http://en.wikipedia.org/wiki/Anglo-Saxons

And my point it was to underline the fact that the continental European economies has market a point in comparison to the Anglo-Saxon economies:

"Proponents of the term Anglo-Saxon economy state that Anglo-Saxon economies are more "liberal" and free-market-oriented than other capitalist economies. However, those who disagree with the use of the term claim that the economies of the Anglosphere differ as much from each other as they do from continental European economies. For example, in an essay for the Centre for European Reform,[4] Katinka Barysch writes,

“ Is the gap between the Anglo-Saxon economic model and the continental one really that big? On closer inspection, there are as many similarities as there are differences. More importantly perhaps, there are signs of convergence. - Katinka Barysch, Centre for European Reform, 2005 ”

Differences between Anglo-Saxon economies are illustrated by taxation and the welfare state. The UK has a significantly higher level of taxation than the US.[5] Moreover, the UK spends far more than the US on the welfare state as a percentage of GDP and also spends more than Spain, Portugal, or the Netherlands, all of which are in mainland Europe.[6] This spending figure is however still considerably lower than that of France or Germany.

Most countries on continental Europe (such as France, Italy and Germany) possess a macroeconomic model called continental capitalism (also called Rhenan capitalism).[7] Yet some, such as Katinka Barysch,[4] see Spain and also the newer members of the EU as (non-English-speaking) examples of "Anglo-Saxon" economies. The debate amongst economists as to which economic model is better, circles around perspectives involving poverty, job insecurity, social services, and inequality. Generally speaking, their advocates argue that more liberalised economies produce greater overall prosperity,[8][9] while defenders of continental models counter that they produce lesser inequality and lesser poverty at the lowest margins.[10][11]"

http://en.wikipedia.org/wiki/Anglo-Saxon_economy

[Mithie]

I'd rather be dirty poor, homeless, jobless, and suffering from a dozen ailments under absolutely no health insurance than live in a socialist country like France.

[Lord of Lost Socks]

I'd rather be dirty poor, homeless, jobless, and suffering from a dozen ailments under absolutely no health insurance than live in a socialist country like France.

If only I could test that claim.

[Bwaho]

I'd rather be dirty poor, homeless, jobless, and suffering from a dozen ailments under absolutely no health insurance than live in a socialist country like France.

that's what america is for

[Mithie]

If only I could test that claim.

You could - were you to take away my 16 beach houses along the west coast, my army of butlers, my private and overwhelming bank account in the Cayman islands, and the six hundred hippie serfs I keep chained in my baroque dungeon in New Hampshire.

Haw haw, Socialist plebian, I was only jesting with you. I would never stoop so low as to join the ranks of your beer-drinking, volkswagen-driving, 8 hour day job peasents

Haw.

Haw.

Now go stand underneath the Parthenon of Global Economy while I bring its stone roof down over your heads. Above the rubble beneath which will be your mass grave, I shall erect one headstone, and upon it shall be the words "I, Socialist Plebian, died without ever tasting caviar".

[Plan C]

Now go stand underneath the Parthenon of Global Economy while I bring its stone roof down over your heads. Above the rubble beneath which will be your mass grave, I shall erect one headstone, and upon it shall be the words "I, Socialist Plebian, died without ever tasting caviar".

Caviar is somewhat awful mate. Much overhyped.

[Darsh]

Now go stand underneath the Parthenon of Global Economy while I bring its stone roof down over your heads. Above the rubble beneath which will be your mass grave, I shall erect one headstone, and upon it shall be the words "I, Socialist Plebian, died without ever tasting caviar".

but we could died after tasting Champagne bien sur!

Those Ricains are funny

[Ter]

I'd rather be dirty poor, homeless, jobless, and suffering from a dozen ailments under absolutely no health insurance than live in a socialist country like France.

Why?

[Sphere]

I not an economist, but the amount of times claims like these have been made and turned out to be false has taught me to wait a while before believing France and Germany are out.

Recession is a technical term for negative GDP growth in a quarter. France and Germany both posted positive growth last quarter, therefore by definition they are out of recession. No faith is needed.

The US posted -0.1% GDP (down from -6.5% the previous quarter) the change last quarter which suggests that sometime during the quarter growth turned postive. It's just a quirk of when you report GDP that the US is still technically in a recession. The general consensus is the US economy is presently growing, and will post positive GDP numbers in the third quarter.

[razor-]

how the hell is those countries socialist?

[Mithie]

how the hell is those countries socialist?

They don't have stars and stripes on their flags.

[Watchman]

And have the temerity to pursue fiscal policies outside the neolib dogma. Even worse, the dastards do all right that way.

[justicar5]

how the hell is those countries socialist?

social democracies should have been clearer. Or actually given the Republicn standard for 'socialist' they are communist :p

[Каие]

Erm. After a recession, it's the slump. Growth out of a slump is after 2 consecutive quarters of positive growth. A 0.3% rise is nothing and nowhere near conclusive. They could slip to -0.1% very easily. Especially as unemployment continues to rise.


PS. Neither France nor Germany are socialist states... and both are currently ran by CONSERVATIVE administrations.