The Lounge 2

Ljp86

Well-Known Member
Staff member
To be precise, my figures are the ones for Germany. There are differences in price in other central European countries due to various factors like government policy, economic and purchasing power, supply chain, currency, EU membership, etc.
It is still very expensive regardless of which country it is in. Certainly a lot of money to pay to fill up a car, particularly for a litre of petrol, let alone putting in enough to fill up an entire tank.

That's the figure we are paying in EUROs at the moment but an increase for you compared to the AUD 1.35 you were paying in May. Not sure, though, if this figure applied nationwide on average.
We haven't been paying A$1.35 per litre for petrol for some time now. It was close to $2.00 per litre for unleaded (on the cheaper days of the cycle) and then the previous government halved the fuel excise to ease the financial burden. Since then, the price has gone back up anyway due to market factors and the price is around where it was just was before the temporary fuel excise reduction.
 

Ritchie

Well-Known Member
Staff member
Thomas, Jess are your interest rates rising? The added cost of battling this pandemic has killed low inflation and low interest rates, increasing our cost of living. Yet our dumb pollies keep on splashing out on spending our hard earned taxes like confetti thrown at an Italian wedding..
 
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looker-on

aka Thomas
Thomas, Jess are your interest rates rising? The added cost of battling this pandemic has killed low inflation and low interest rates, increasing our cost of living. Yet our dumb pollies keep on splashing out on spending our hard earned taxes like confetti thrown at an Italian wedding..
Not yet in Germany and the Euro Zone but Ms Lagarde from the ECB has just announced that the ECB is finally going to raise the base rate in July by probably 0.25% for the first time in ten years which will end the negative interest currently paid by savers and pave the way for interest on savings in the medium term. So no immediate effect for savers but mortgage rates will rise soon.
 

Ritchie

Well-Known Member
Staff member
. Western nations are continuing to pay Russia hundreds of millions of dollars every day for gas and oil imports. Plus they are getting revenue from China and India from cut price energy sales.

This is worrying. So much for being told that severe sanctions on Russia would badly hurt its economy. Also read that hundreds of Big Mac stores in Russia are now being turned into a Russian fast food chain. When the stores were first opened thousands poured in to satisfy their fast food cravings. So why did Macs sell them the stores before pulling out. Kinda defeats the purpose of bringing heartache to the Russian people and creating in them a mood for revolution.
 

Ritchie

Well-Known Member
Staff member
Dont you just love the pollies, like hell. The new pinko govt here has announced a rise in the minimum wage of a whole $1 a week.. wow!! While at the same time giving themselves a rise.. not a dollar.. more like several thousand bucks. And we are facing having to pay off $multi billions of debt. Unbelievable!
 

Ljp86

Well-Known Member
Staff member
Dont you just love the pollies, like hell. The new pinko govt here has announced a rise in the minimum wage of a whole $1 a week.. wow!!
The increase was 5.2% which is the highest such rise for a number of years and is slightly above the national inflation average at the moment. Business sectors and the previous conservative government were calling for a much lower increase so this latest escalation will at least see workers keep up with the rising cost of living in the short term.

Ritchie said:
While at the same time giving themselves a rise.. not a dollar.. more like several thousand bucks. And we are facing having to pay off $multi billions of debt. Unbelievable!
Can't really comment on the pay increase for politicians. A lot of the debt was racked up by the previous conservative government too, some of it was stimulus for the early part of the COVID-19 pandemic but there are other elements to it as well.
 
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