I really trust you, stochastic-excursion. I am still thinking positive for the reason you have mentioned: people which collaborate all together are in condition to move forward, sooner or later, the country where they are living.
The numbers show that consumption patterns need to be cut back, but I think that people are right to protest when moderate and low income people are the only ones asked to sacrifice. The bailout in Ireland cost the average taxpayer $63,000, so it's not a matter of people being coddled. Demands for reform are called for, and demonstrations like the ones we're seeing are sometimes the only way to be heard.
Well Anna, I think so. It should be the a possible path forward to encourage, in order to start globally benefits' distribution of that action. Unfortunately, it seems there is only a few corporation in condition to perform investments because cash has been fired during past months.
"IMO shortterm harsh measures should be replaced by a strategic long term plans for the betterment of all"
I understand what you mean. Whichever way you look at it, a plan or measure is required to bring stability to Greece and Spain's economy and to Europe as a whole.
I think there should be a global long term measure. What if some of the high tech industry as suggested in Jennifer's article considers investing the cash in their possession cautiously to stimulate growth globally. Might this help?
Very nice article, and from my part of view close to the reality to what is going on to Portugal and Greece. As you described perfectly the problems are deeper, and if we say that some people they are protesting only for the new hard austerity measures that are coming, we do an epidermic comment, and we don't see the real problems. Problems such as corruption have been killing the social backbone, and they don't let anything to grow properly
" IMO short term harsh measures should be replaced by strategic long term plans for the betterment of all "
That's the point Himanshugupta, you have outlined major and urgent gap to fill. Jennifer and you are depicting how is difficult actually EU works to conceive a global strategy for recovery; each country is still working alone and quite indipendently.
Each European country is characteristically different from one another. This unrest in Greece/Spain is kind of fight for identity. Northern Europe society's way of working and living is quite differnt from the Southern Europe. Now if Germany or other country start to push a nation then i can understant the retaliation. IMO short term harsh measures should be replaced by strategic long term plans for the betterment of all.
This is a very interesting article with a different view point based on the fact that you are living in the middle of these said problems. It appears there is no easy short term fix. It would seem like the protesters should get together and come up with a realistic plan. This plan needs to look ahead five years. They need to realize this is not going to get solved immediately. If they take their plan and divide it up into small parts and try to accomplish these one at a time they will eventually get there. If they have an anti-vote feeling going on right now, they have no hope of change happening since part of the plan needs to be getting new blood into office and out with the corruption.
I agree with Mario8a's vision and going through Jennifer's editorial (very good and interesting Jennifer !), I would like to report an additional perspective. Since a long ago, European Govs applied only one strategy (cutting costs for public funds) without conceive in parallel another one to promote and support tech investments. Major corporations have moved the production and supply chain activities in Eastern/Far Eastern Regions for saving reason and for cheapest labour costs, but fixed costs associated to burocrazy in Spain, Greece, Italy and so on are still high. As consequence, without tech investments strategy, poor public funds available for helping people and corporations, jobs' cut and burocrazy machine no changed, it seems there won't be a future, at least in short-medium term.
I'll try to work through some of the questions here, but like many of you I'm wondering the same thing.
Flyingscot is in the UK & also watching things unfold. He says, "I am not too familiar with the innovative companies that exist in Greece so it would be good to hear more about these if possible from other posts."
Unfortunatley, I don't have a lot of info on Greek companies, and would love to hear if others have any names to drop. In Spain, I'll refer you to this site, http://www.technologyreview.com/microsites/spain. It has info about advancements being made in areas like transportation, biotech, IT, solar & wind power, aerospace, desaltation, and research & development.
anandvy asks if I think there will be another recession. Frankly, I'd like to get out of this one first. Honestly, I have no idea. There are many wiser people and experts who are better at predicting these trends than I am.
Parser - You're right - US problems rippled far and wide, and we (the world) have exhausted our short-term fixes. I would say top of most European minds is what results will come from more emergency funding and loans at interest rates that countries like Greece can't afford to pay back. For me, while I see the importance of this kind of financial backing, throwing good money after bad isn't going to solve this incredibly complex political, economic and social issue. Some other solution is going to have to be created; I sincerely wish I could predict that solution and its outcome, but I can't. Here's a story in today's Financial Times that gives an update of where things stand. Looks like Greece has agreed to more austerity measures.:http://www.ft.com/intl/cms/s/0/29203b60-9da0-11e0-9a70-00144feabdc0.html#axzz1QB5wKBSo
mario8a - yeah, I hear you on the people having the government they deserve. A troubling problem that surfaced here in the local elections in May is that many people are so disgusted by the current political structure and the inability to bring about electorial changes that they refuse to go to the polls to vote. Next year, Spain will have national elections and this no-vote attitude could influence the results.
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Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Peter Drucker famously said "Trying to predict the future is like trying to drive down a country road at night with no lights while looking out the back window." Yet in the razor's-edge world of electronics—with a lean supply chain and just-in-time demands—the need to know the future is vital.
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You've heard the saying "the No. 1 supply chain risk is your people." That hasn't always been the case. But today's complex global supply chain requires a new type of multitalented employee. It's one who understands, finance, marketing, economics, is savvy with technology, graceful with relationships and can think analytically.
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