MM is changing teams

Discussion and debate about the MotoGP class
Rossifumi
Posts: 1466
Joined: Mon Jun 02, 2008 8:50 pm

Re: MM is changing teams

Post by Rossifumi »

andrebt wrote:
its interesting that you mention spain's unemployment rate, but am no economist but I do understand alot about economics to know that Spain(like most other european countries, the exception being germany) has been its own worst enemy given its years of terrible economic policies.
Spain's problem is the Euro. Independent countries sharing currencies doesn't work: Germany's economic strength is a direct consequence of sharing a currency with countries, such as Spain, with weaker economies; and the Eurozone countries with the weaker economies get weaker as a direct consequence of Germany's strength - sharing a currency causes the divergence. The original plan for the Euro was for full fiscal and political integration within a couple of years (as is the case with England, Scotland, Wales and N Ireland sharing the pound but only as a single state; the UK) Even the chief architects of the Euro (e.g. Jacques Delors http://www.bbc.co.uk/news/world-europe-16016131) see the current arrangement as fundamentally flawed - the catastrophic level of unemployment in Spain is really not Spain's fault

andrebt
Posts: 549
Joined: Wed Nov 06, 2013 6:57 am
Location: orlando, florida

Re: MM is changing teams

Post by andrebt »

Rossifumi wrote:
andrebt wrote:
its interesting that you mention spain's unemployment rate, but am no economist but I do understand alot about economics to know that Spain(like most other european countries, the exception being germany) has been its own worst enemy given its years of terrible economic policies.
Spain's problem is the Euro. Independent countries sharing currencies doesn't work: Germany's economic strength is a direct consequence of sharing a currency with countries, such as Spain, with weaker economies; and the Eurozone countries with the weaker economies get weaker as a direct consequence of Germany's strength - sharing a currency causes the divergence. The original plan for the Euro was for full fiscal and political integration within a couple of years (as is the case with England, Scotland, Wales and N Ireland sharing the pound but only as a single state; the UK) Even the chief architects of the Euro (e.g. Jacques Delors http://www.bbc.co.uk/news/world-europe-16016131) see the current arrangement as fundamentally flawed - the catastrophic level of unemployment in Spain is really not Spain's fault
I already know of Germany's problem with the euro hence why I think Germany should ditch the euro and go back to the reichsmark, spain problem whoever goes beyond the euro...not does it have a massive welfare state that needs rolling back, but it doesn't help that their taxes are high and one of highest in eurozone..its same deal playing out japan...

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JanBros
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Joined: Thu Mar 11, 2010 7:57 pm
Location: The land of Francorchamps

Re: MM is changing teams

Post by JanBros »

Rossifumi wrote:
andrebt wrote: Spain's problem is the Euro. Independent countries sharing currencies doesn't work: Germany's economic strength is a direct consequence of sharing a currency with countries, such as Spain, with weaker economies; and the Eurozone countries with the weaker economies get weaker as a direct consequence of Germany's strength - sharing a currency causes the divergence. The original plan for the Euro was for full fiscal and political integration within a couple of years (as is the case with England, Scotland, Wales and N Ireland sharing the pound but only as a single state; the UK) Even the chief architects of the Euro (e.g. Jacques Delors http://www.bbc.co.uk/news/world-europe-16016131) see the current arrangement as fundamentally flawed - the catastrophic level of unemployment in Spain is really not Spain's fault
spain's biggest problem was the same as what was the start of the whole crisis in the USA : real-estate bubble. Entire Spain was one big building yard, all with borrowed money.
Bi-stroker Parallelus Bi-cylindricus

Rossifumi
Posts: 1466
Joined: Mon Jun 02, 2008 8:50 pm

Re: MM is changing teams

Post by Rossifumi »

andrebt wrote: I already know of Germany's problem with the euro hence why I think Germany should ditch the euro and go back to the reichsmark, spain problem whoever goes beyond the euro...not does it have a massive welfare state that needs rolling back, but it doesn't help that their taxes are high and one of highest in eurozone..its same deal playing out japan...
Germany has benefited hugely from the Euro by maintaining an artificially low exchange rate. A return to the Mark would see the currency appreciating leading to more expensive exports a decrease in German competitiveness and jobs moving abroad.

(PS. the 'Reichsmark' was the currency of Germany, and Austria when it was annexed, in the 1930's and has a bit of a chequered history. The 'Deutsche Mark' replaced the Reichsmark after the war)

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Fingernails
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Joined: Mon Sep 22, 2014 1:41 pm

Re: MM is changing teams

Post by Fingernails »

Spaniards 'throwing temper tantrums' over MM moving to Andorra.

http://blackflag.jalopnik.com/spaniards ... 1668213702

If there is a five year period when he still has to pay Spanish taxes, this should still mean that for a significant part of his top level MotoGP career he'll be paying no tax.

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