The future of the Euro and EU.

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Originally Posted by Tomi

China has so big domestic market that is in many ways undeveloped they just have to sell the stuff there that did go to export, so the effect will be quite small.

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There is a good reason why their domestic market is undeveloped, they are very poor and can't afford to buy the most basic things.

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Originally Posted by SGWilko

It is indeed time for a change. But the pain we will all have to suffer to facilitate that change is gonna hurt.

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It would hurt a lot, for everyone, EU, UK, US and so on.

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Originally Posted by Knock-on

Thought you might appreciate a quick overview of economics in the Euro Zone.

Some years ago a small rural town in Spain twinned with a similar town in Greece. The Mayor of the Greek town visited the Spanish town. When he saw the palatial mansion belonging to the Spanish mayor he wondered how he could afford such a house. The Spaniard said; "You see that bridge over there? The EU gave us a grant to build a two-lane bridge, but by building a single lane bridge with traffic lights at either end this house could be built".

The following year the Spaniard visited the Greek town. He was simply amazed at the Greek Mayor's house, gold taps, marble floors, it was marvellous. When he asked how this could be afforded the Greek said; "You see that bridge over there?" The Spaniard replied; "No."

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:up: Good one! :laugh:

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Originally Posted by ioan

There is a good reason why their domestic market is undeveloped, they are very poor and can't afford to buy the most basic things.

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You might want to visit China first. There are 1 billion poor people like you describe, the remaining 200 million in the major cities and the coastline have pretty good living standards with all the mod-cons.

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Originally Posted by ioan

It would hurt a lot, for everyone, EU, UK, US and so on.

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Why have you separated the UK from the EU? :p

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Originally Posted by Malbec

You might want to visit China first. There are 1 billion poor people like you describe, the remaining 200 million in the major cities and the coastline have pretty good living standards with all the mod-cons.

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So that makes it 15 percent people able to live a normal life and 85% who have bugger all chances to ever support the market needs of the Chinese industry that are now absorbed by the US, Europe and other countries. Looks very bad to me.

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Originally Posted by Brown, Jon Brow

Why have you separated the UK from the EU? :p

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Currency?

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Originally Posted by ioan

Currency?

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I didn't know the EU was a currency! :p


.....sorry

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Originally Posted by ioan

Currency?

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That is a separation between the UK and the Eurozone, not the UK and the EU.

T>I>R>E.s just print more money and move on and don't screw up Italy