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which has been taken on sufferance into the EU.

This may be anecdotal, but I can say that now is a very good time to be looking for a job in my corner (non-English speaking) of the EU, where I'll be moving back in two months.

Can't say the same about where I reside now (US).

Suspect that's not cyclical, either. It's structural, and we're seeing the structures laid bare as we watch the economic news each day.

"C'est un scandale !"

by redstar on Thu May 15th, 2008 at 10:17:19 AM EST
Things are not all sunshine and lollypops on that certian island, but its not as bad as it could be, ie in the US.

Alot of the mess that is being experienced in the US is due to bad regulation (or lack of regulation). Guess where 80% of the UKs business regulation comes from?

I keep making the point that while there are similiarities between the UK and US situations, there are massive differences.

Anyway, the business community on that certian island should be happy about the rebound in Germany and France and the rest of the EU...their main trading partners.

by EvilEuropean (evileuropean@googlemail.com) on Thu May 15th, 2008 at 10:56:31 AM EST
[ Parent ]
Things are not even slightly sunshine and lollipops in the UK. The chair-thing of the BoE was quoted today as saying that happy fun times are over, inflation is going up, and there may even be a recession.

Also - Gordon is planning a dustbin tax to encourage recycling.

Aside from the non-acknowledgement of some specifically Anglo issues, there's absolutely no optimism or positivity in the UK press. To be fair it's rare that the UK media are positive or optimistic about anything, but it seems to be even worse than usual.

If I had to describe the national mood it would probably be sullen resentful despair.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Thu May 15th, 2008 at 01:58:51 PM EST
[ Parent ]
Most US regs are the products of Ronnie Ray-gun, and Dame Maggie swallowed and channeled Ronbo whole, so it is no surprise the US and the UK are reaping the whirlwinds.  The US problems transcend regulations, though.  They are systemic.  The entire economic, social, and political structure of the country is based on the automobile, which in turn is based on cheap fuel.  The US is heading for $5 gas and the great unraveling, and there is no infrastructure in place to absorb the shock.
by rifek on Fri May 16th, 2008 at 10:36:13 AM EST
[ Parent ]

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