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Are Germans really poorer than Spaniards, Italians and Greeks?

 
Ancient
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Netherlands
04/20/2013 04:37 PM
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Are Germans really poorer than Spaniards, Italians and Greeks?
A recent ECB household-wealth survey was interpreted by the media as evidence that poor Germans shouldn’t have to pay for southern Europe. This column takes a look at the numbers. Whilst it’s true that median German households are poor compared to their southern European counterparts, Germany itself is wealthy. Importantly, this wealth is very unequally distributed, but the issue of unequal distribution doesn’t feature much in the press. The debate in Germany creates an inaccurate perception among less wealthy Germans that transfers are unfair
"A jackdaw is always found near a jackdaw"
Ancient  (OP)

User ID: 32994935
Netherlands
04/20/2013 04:37 PM
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Re: Are Germans really poorer than Spaniards, Italians and Greeks?
[link to www.voxeu.org]
"A jackdaw is always found near a jackdaw"
BlavkRabbit

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Greece
04/23/2013 04:06 AM
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Re: Are Germans really poorer than Spaniards, Italians and Greeks?
Importantly, this wealth is very unequally distributed, but the issue of unequal distribution doesn’t feature much in the press.
 Quoting: Ancient


The same thing applies at least to Greece. Also I don't get to what was the comparison, income-outcome, poor-wealthy percent?
Anonymous Coward
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Italy
04/23/2013 04:25 AM
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Re: Are Germans really poorer than Spaniards, Italians and Greeks?
Yes of course. We all have a Ferrari, a nice villa and we have zillions of Euro in our bank accounts. Poor Germans work twice as we do, they have an old Prinz or a Trabant and they live in crappy apartments in neighbourhoods full of Turks and of course Italian immigrants.

putin
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User ID: 38734520
Germany
04/23/2013 04:26 AM
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Re: Are Germans really poorer than Spaniards, Italians and Greeks?
bump
Anonymous Coward
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Germany
04/23/2013 04:26 AM
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Re: Are Germans really poorer than Spaniards, Italians and Greeks?
Germans are the poorest in the eurozone.
Anonymous Coward
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Germany
04/23/2013 04:29 AM
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Re: Are Germans really poorer than Spaniards, Italians and Greeks?
im so poor i cant even afford the newest scat movie to watch
BlavkRabbit

User ID: 38853700
Greece
04/25/2013 06:24 AM
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Re: Are Germans really poorer than Spaniards, Italians and Greeks?
Yes of course. We all have a Ferrari, a nice villa and we have zillions of Euro in our bank accounts. Poor Germans work twice as we do, they have an old Prinz or a Trabant and they live in crappy apartments in neighbourhoods full of Turks and of course Italian immigrants.

putin
 Quoting: Mediolanum Capta Est


clappa
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Australia
04/25/2013 06:26 AM
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Re: Are Germans really poorer than Spaniards, Italians and Greeks?
Yes of course. We all have a Ferrari, a nice villa and we have zillions of Euro in our bank accounts. Poor Germans work twice as we do, they have an old Prinz or a Trabant and they live in crappy apartments in neighbourhoods full of Turks and of course Italian immigrants.

putin
 Quoting: Mediolanum Capta Est


lmao
Anonymous Coward
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Sweden
04/25/2013 06:39 AM
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Re: Are Germans really poorer than Spaniards, Italians and Greeks?
A recent ECB household-wealth survey was interpreted by the media as evidence that poor Germans shouldn’t have to pay for southern Europe. This column takes a look at the numbers. Whilst it’s true that median German households are poor compared to their southern European counterparts, Germany itself is wealthy. Importantly, this wealth is very unequally distributed, but the issue of unequal distribution doesn’t feature much in the press. The debate in Germany creates an inaccurate perception among less wealthy Germans that transfers are unfair
 Quoting: Ancient


I've checked that survey out.

The survey was done before the housing bust, which does explain a fair bit of the 'riches' away, aswell as some other minor flaws that compares apples to oranges.

But in the end, yes, the average german is poorer than the average southern european.

As always, people draw the wrong conclusions, and do TPTB's bidding by attacking the wrong target.

Average germans are decent people, just as the average italian, spaniard or greek. It's generally not their fault things have gotten out of hand, still the average german blame the average greek/italian/spaniard, while they do the same to the average german.

As always, the banksters and the people at the top, Merkel, Dieselbloom, van Rumpoy and their associates are to blame, but they rather pit the sheeple against eachother and have a war at comfortable distance from themselves... And the sheeple fall for it.
insertfunnyusername

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Greece
04/25/2013 06:40 AM
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Re: Are Germans really poorer than Spaniards, Italians and Greeks?
bump
IH20
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Brazil
04/25/2013 06:47 AM
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Re: Are Germans really poorer than Spaniards, Italians and Greeks?
Entry level BMWs, Mercedes and Audis cost €35k here in Brazil. I wonder where all that wealth is going to.
Anonymous Coward
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Italy
04/25/2013 06:49 AM
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Re: Are Germans really poorer than Spaniards, Italians and Greeks?
A recent ECB household-wealth survey was interpreted by the media as evidence that poor Germans shouldn’t have to pay for southern Europe. This column takes a look at the numbers. Whilst it’s true that median German households are poor compared to their southern European counterparts, Germany itself is wealthy. Importantly, this wealth is very unequally distributed, but the issue of unequal distribution doesn’t feature much in the press. The debate in Germany creates an inaccurate perception among less wealthy Germans that transfers are unfair
 Quoting: Ancient



But in the end, yes, the average german is poorer than the average southern european.


 Quoting: Anonymous Coward 13314174


And what's "average" in your opinion? How can you say the average german is poorer than an average spanish or greek or southern italian? (Let's say in northern italy things are still relatively quite better than in southern italy).
There are more than 6 milions of people unemployed in Spain, SIX fucking milions. People living up north of the Alps have no idea of the social collapse going on in Southern Europe, so please spare us your surveys and come here to experience some fucking everyday reality.
Anonymous Coward
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Germany
04/25/2013 06:55 AM
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Re: Are Germans really poorer than Spaniards, Italians and Greeks?
Im so poo, cant even afford the whole word.
Anonymous Coward
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Germany
04/25/2013 06:56 AM
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Re: Are Germans really poorer than Spaniards, Italians and Greeks?
Entry level BMWs, Mercedes and Audis cost €35k here in Brazil. I wonder where all that wealth is going to.
 Quoting: IH20 5359478


Entry level BMWs, Mercedes and Audis cost €35k here in Brazil. I wonder where all that wealth is going to.
 Quoting: IH20 5359478


Into the pockets of a few
Anonymous Coward
User ID: 38369003
Germany
04/25/2013 06:57 AM
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Re: Are Germans really poorer than Spaniards, Italians and Greeks?
A recent ECB household-wealth survey was interpreted by the media as evidence that poor Germans shouldn’t have to pay for southern Europe. This column takes a look at the numbers. Whilst it’s true that median German households are poor compared to their southern European counterparts, Germany itself is wealthy. Importantly, this wealth is very unequally distributed, but the issue of unequal distribution doesn’t feature much in the press. The debate in Germany creates an inaccurate perception among less wealthy Germans that transfers are unfair
 Quoting: Ancient


tomato
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User ID: 13314174
Sweden
04/25/2013 07:00 AM
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Re: Are Germans really poorer than Spaniards, Italians and Greeks?
A recent ECB household-wealth survey was interpreted by the media as evidence that poor Germans shouldn’t have to pay for southern Europe. This column takes a look at the numbers. Whilst it’s true that median German households are poor compared to their southern European counterparts, Germany itself is wealthy. Importantly, this wealth is very unequally distributed, but the issue of unequal distribution doesn’t feature much in the press. The debate in Germany creates an inaccurate perception among less wealthy Germans that transfers are unfair
 Quoting: Ancient



But in the end, yes, the average german is poorer than the average southern european.


 Quoting: Anonymous Coward 13314174


And what's "average" in your opinion? How can you say the average german is poorer than an average spanish or greek or southern italian? (Let's say in northern italy things are still relatively quite better than in southern italy).
There are more than 6 milions of people unemployed in Spain, SIX fucking milions. People living up north of the Alps have no idea of the social collapse going on in Southern Europe, so please spare us your researches and come here to experience some fucking everyday reality.
 Quoting: Mediolanum Capta Est


Attack me all you want, the survey is still there.

This is classic denial.

The problems of southern europe was not anyones fault but themselves. As societies they are guilty of gluttony, even though on an individual level, many are innocent victims.
Anonymous Coward
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Germany
04/25/2013 07:03 AM
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Re: Are Germans really poorer than Spaniards, Italians and Greeks?
Im so poo, cant even afford the whole word.
 Quoting: Anonymous Coward 38369003


lolsign
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Germany
04/25/2013 07:07 AM
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Re: Are Germans really poorer than Spaniards, Italians and Greeks?
Thread: The real wealth of Germany
Anonymous Coward
User ID: 38559185
Germany
04/25/2013 07:10 AM
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Re: Are Germans really poorer than Spaniards, Italians and Greeks?
Maybe most people dont know:

Compared to southern Europe contries, Germans dont own houses/flats, here people use to rent a house/flat.

So most of the people I know work for food/energy/rent of the flat and then your money is gone... Do you consider people like this rich?
Anonymous Coward
User ID: 38610101
Japan
04/25/2013 07:14 AM
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Re: Are Germans really poorer than Spaniards, Italians and Greeks?
Afik much more People in Germany are so poor
that they need to visit a Food Bank for their daily
Bread and Milk,
i never saw this in Greece or Spain because it was
Dirt-Cheap.

Biggest Problem is that every 4'th Child do not get
enough Food!
Anonymous Coward
User ID: 13314174
Sweden
04/25/2013 07:18 AM
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Re: Are Germans really poorer than Spaniards, Italians and Greeks?
Maybe most people dont know:

Compared to southern Europe contries, Germans dont own houses/flats, here people use to rent a house/flat.

So most of the people I know work for food/energy/rent of the flat and then your money is gone... Do you consider people like this rich?
 Quoting: Anonymous Coward 38559185


Yes, that's one of the flaws with the survey, add to that is was conducted before the housing bust.

Also, relative some other countries, germany has a fairly efficient and honest government, no bribes needed for healthcare and such. Also, most ppl actually pay their taxes.

As a country, germany is wealthy, on an individual level, most are just getting by. Fewer germans have a larger proportion of the wealth than in italy.

Tax codes in general are interesting aswell, property taxes in southern europe are often avoided by never finishing the house, which makes the front of the house look like a damn ghetto, but once you get inside...
Anonymous Coward
User ID: 38670809
Italy
04/25/2013 07:18 AM
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Re: Are Germans really poorer than Spaniards, Italians and Greeks?
A recent ECB household-wealth survey was interpreted by the media as evidence that poor Germans shouldn’t have to pay for southern Europe. This column takes a look at the numbers. Whilst it’s true that median German households are poor compared to their southern European counterparts, Germany itself is wealthy. Importantly, this wealth is very unequally distributed, but the issue of unequal distribution doesn’t feature much in the press. The debate in Germany creates an inaccurate perception among less wealthy Germans that transfers are unfair
 Quoting: Ancient



But in the end, yes, the average german is poorer than the average southern european.


 Quoting: Anonymous Coward 13314174


And what's "average" in your opinion? How can you say the average german is poorer than an average spanish or greek or southern italian? (Let's say in northern italy things are still relatively quite better than in southern italy).
There are more than 6 milions of people unemployed in Spain, SIX fucking milions. People living up north of the Alps have no idea of the social collapse going on in Southern Europe, so please spare us your researches and come here to experience some fucking everyday reality.
 Quoting: Mediolanum Capta Est


Attack me all you want, the survey is still there.

This is classic denial.

The problems of southern europe was not anyones fault but themselves. As societies they are guilty of gluttony, even though on an individual level, many are innocent victims.
 Quoting: Anonymous Coward 13314174


I'm not attacking you, I'm just saying you have no idea on what's going on in southern europe, you hide yourself behind a survey, which is outdated and unreliable. Updated economic data say Spain, Greek, Portugal, soon Cyprus and soon Italy are on the verge of social and economic disaster and soon SHTF also for the core of the EU.
Our share of responsibility exits, you are right, because we are unable to rise up and kick this political class of puppets out of here.
Still, the real shit has begun to hit the fan when this austerity and bailout madness has begun, because before - even if in Italy growth was quite weak - there wasn't such crisis; people still had some money to spend, there were real jobs to apply for and average people could afford to pay rent and mortgage without spare money for food and other basic needs.
You are lucky to live (if you really are) in Sweden, a country which still has some kind of economic and monetary indipendence. People living under Euro madness have lost this indipendence and, at least here, nobody has asked people if agreed or not to join Euro.
So, believe your survey, if you want to. But don't assume it is reality as of April the 25th 2013.
Anonymous Coward
User ID: 38841290
Germany
04/25/2013 07:19 AM
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Re: Are Germans really poorer than Spaniards, Italians and Greeks?
Difficult to say. I haven't been to Greece, Italy or Spain in quite a while because I'm poor (which sounds seeing this thread, but that's how it is). I really can't say. I CAN say, though, that the average German certainly isn't rich in any sense of the word.
Anonymous Coward
User ID: 38845697
Germany
04/25/2013 07:23 AM
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Re: Are Germans really poorer than Spaniards, Italians and Greeks?
Germans are the poorest in the eurozone.
 Quoting: Anonymous Coward 38734520


not the poorest but one of them.
Anonymous Coward
User ID: 13314174
Sweden
04/25/2013 07:24 AM
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Re: Are Germans really poorer than Spaniards, Italians and Greeks?
Afik much more People in Germany are so poor
that they need to visit a Food Bank for their daily
Bread and Milk,
i never saw this in Greece or Spain because it was
Dirt-Cheap.

Biggest Problem is that every 4'th Child do not get
enough Food!
 Quoting: Anonymous Coward 38610101


Same thing in sweden btw, it's estimated around 40% is dependent on the government handouts (i.e. food-stamps, or government childsupport) to make ends meet. Even among those that owns their own housing.

And food-banks, which until the last few years were almost non-existant, have started to appear in most bigger cities now.
Anonymous Coward
User ID: 38845697
Germany
04/25/2013 07:28 AM
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Re: Are Germans really poorer than Spaniards, Italians and Greeks?
Maybe most people dont know:

Compared to southern Europe contries, Germans dont own houses/flats, here people use to rent a house/flat.

So most of the people I know work for food/energy/rent of the flat and then your money is gone... Do you consider people like this rich?
 Quoting: Anonymous Coward 38559185


Thats it!!!!!!!!

For the most people here in Germany its like:Barely enough to keep body and soul together!
Anonymous Coward
User ID: 38451590
Germany
04/25/2013 07:32 AM
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Re: Are Germans really poorer than Spaniards, Italians and Greeks?
bump Pin this! Poorest country in the eurozone and yet we don't complain...
Anonymous Coward
User ID: 38670809
Italy
04/25/2013 07:33 AM
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Re: Are Germans really poorer than Spaniards, Italians and Greeks?
Maybe most people dont know:

Compared to southern Europe contries, Germans dont own houses/flats, here people use to rent a house/flat.

So most of the people I know work for food/energy/rent of the flat and then your money is gone... Do you consider people like this rich?
 Quoting: Anonymous Coward 38559185


Do you really think germans are the only people working for food/energy/rent? The few people with a good income and a long-term job that could be able to buy an home can no longer buy a house, since banks aren't lending anymore money to people. Yeah, right they have to buy BTPs and other european bonds since it's safer as long as ECB give money to banks.
There are more and more evictions since ordinary people can't no longer afford to pay their rent and mortgage and these homes come back to banks. Are these people rich? I am sure there are plenty of Spanish and Greeks that can give you an answer based on their everyday reality, which is way worse than Italian one
So you said Germans don't own houses, yeah take a look at this link. it's first one I've found but there are others even more reliable for sure.

[link to www.telegraph.co.uk]

In 2010 53,2% of Germans owned an house. A lower percentage than Italian one, but don't try to fool people saying Germans don't own houses..
Anonymous Coward
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United States
04/25/2013 07:35 AM
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Re: Are Germans really poorer than Spaniards, Italians and Greeks?
Yes of course. We all have a Ferrari, a nice villa and we have zillions of Euro in our bank accounts. Poor Germans work twice as we do, they have an old Prinz or a Trabant and they live in crappy apartments in neighbourhoods full of Turks and of course Italian immigrants.

putin
 Quoting: Mediolanum Capta Est

scared
Anonymous Coward
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Sweden
04/25/2013 07:35 AM
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Re: Are Germans really poorer than Spaniards, Italians and Greeks?
...



But in the end, yes, the average german is poorer than the average southern european.


 Quoting: Anonymous Coward 13314174


And what's "average" in your opinion? How can you say the average german is poorer than an average spanish or greek or southern italian? (Let's say in northern italy things are still relatively quite better than in southern italy).
There are more than 6 milions of people unemployed in Spain, SIX fucking milions. People living up north of the Alps have no idea of the social collapse going on in Southern Europe, so please spare us your researches and come here to experience some fucking everyday reality.
 Quoting: Mediolanum Capta Est


Attack me all you want, the survey is still there.

This is classic denial.

The problems of southern europe was not anyones fault but themselves. As societies they are guilty of gluttony, even though on an individual level, many are innocent victims.
 Quoting: Anonymous Coward 13314174


I'm not attacking you, I'm just saying you have no idea on what's going on in southern europe, you hide yourself behind a survey, which is outdated and unreliable. Updated economic data say Spain, Greek, Portugal, soon Cyprus and soon Italy are on the verge of social and economic disaster and soon SHTF also for the core of the EU.
Our share of responsibility exits, you are right, because we are unable to rise up and kick this political class of puppets out of here.
Still, the real shit has begun to hit the fan when this austerity and bailout madness has begun, because before - even if in Italy growth was quite weak - there wasn't such crisis; people still had some money to spend, there were real jobs to apply for and average people could afford to pay rent and mortgage without spare money for food and other basic needs.
You are lucky to live (if you really are) in Sweden, a country which still has some kind of economic and monetary indipendence. People living under Euro madness have lost this indipendence and, at least here, nobody has asked people if agreed or not to join Euro.
So, believe your survey, if you want to. But don't assume it is reality as of April the 25th 2013.
 Quoting: Mediolanum Capta Est


It's true I am from sweden, and as a country we have been extremely lucky so far. The 2008 events more or less went unnoticed for those not in the stockmarket (ie, the majority).

But just wait and see, the last 5 years have been a steady grind downwards for many swedes, current administration have applied thumbscrews to many things. Those poor (and there are many), cannot even afford tax-funded services anymore, since fees and levies on everything, including a visit to the doctor, has been hiked to "prevent overuse".

We haven't had our housing bust yet, but we'll get there. And being a country extremely dependent on trade, we'll grind to a halt in a heartbeat once TSHTF.

With that said, Sweden is fast running out of time. We're soon joining you guys in hell.





GLP