elbowpatches
Active member
Teaching in a state school, so public sector. Was going to say work in a public school but bizarrely that could be conceived as working in a private school. Never understood that logic.
A van der Meyde said:Student but works 'privately'
www.av-gfx.com when i get time it will be up. Hope to make a nice tidy profit for a car and matches!
Lokki 7 said:I've changed my mind, the private sector is a waste of time. Someone was paid good money to research this...
ABN AMRO economists: World economy will benefit most from Italian World Cup win
The world economy will benefit most from an Italian victory at the football
World Cup in June/July, according to ABN AMRO's economists in their
'Soccernomics 2006' study, which they have prepared - both for education and
enjoyment - for the third time. With the World Cup in Germany only three months
away, the ABN AMRO Economics Department has made a prediction, as it did in the
run-up to previous major football competitions, as to which country would
benefit the global economy the most if its team were to win the World Cup. This
time it is Italy.
Although the direct economic impact (higher sales in bars and cafes) is
marginal, good performances on the pitch can certainly stimulate an economy. In
the past, countries winning the World Cup added around 0.7% to their economic
growth. And at the last three tournaments the winning country's stock market
considerably outperformed the losing finalist's market. On average there was 10%
positive effect in the winner and a 25% negative effect in the loser.
According to Charles Kalshoven of the ABN AMRO Economics Department: 'The
Italian economy is hampered by an inflexible labour market and deteriorating
competitiveness. An Italian victory in the World Cup final would boost consumer
and producer confidence, and thus lead to more spending and investment. 'Made in
Italy' would also reap more benefits abroad. This may well push economic growth
upwards, which would then give the government scope to introduce economic
reforms.'
ABN AMRO's economists take as their starting point the imbalances in the world
economy, above all the US current account deficit. Additional growth in Europe
would cushion the inevitable correction to this situation. To achieve this, a
major European country needs to win the World Cup to spark an economic upswing.
The 'economic final' in soccernomics should therefore be between Germany and
Italy, with Italy lifting the World Cup.