The future of the Euro and EU.

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Originally Posted by Roamy

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

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The land of the bound and the home of the timid have already been doing this for 222 years. You call it Quantitative Easing :D

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Originally Posted by ioan

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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'Normal' in China is the 85% you mentioned. The 15% are exceptional.

Basically, what the majority of China and India are is what is 'normal' for this world. We have a very abnormal and privileged existence in Europe; even Greece!

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Originally Posted by Knock-on

'Normal' in China is the 85% you mentioned. The 15% are exceptional.

Basically, what the majority of China and India are is what is 'normal' for this world. We have a very abnormal and privileged existence in Europe; even Greece!

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Very true statement!

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Originally Posted by ioan

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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How short memories are these days.

So back in 2008 when the credit crunch hit and Chinese exports dipped transiently by up to 40% as Western makers let their stocks dry, China's economy still grew between 8-10% and their car market overtook the USA's to be the biggest in the world... Chinese consumers then helped bridge the gap and they are even wealthier now.

I'm afraid there's more to the world than the US and Europe, the BRI parts of the BRIC economies are also large export markets for the Chinese as is the third world and they're still growing. And if the Chinese government wants to put in a stimulus package they've got trillions of dollars stashed away for a rainy day.

As I said, if the Chinese run into problems its because their economy will overheat, not because of what happens in the West.

We are all living on credit,I am told that in the UK 85% of all bank accounts are in the red,and that 85% of all cars are leased,or financed,so 15% of the UK public who have a bank account or drive a car actually have money in the bank,and own their car !

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Originally Posted by DexDexter

In my world the strong take care of the weak.

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So very true! The Mafia are strong and they have ways of "taking care" of the weak. :eek:

It remains to see who is the strong member of the family and who is weak. No longer is Italy strong, and now talk is that France may not be that strong either.
The whole point of the Eurozone situation is whether it was ever economically viable in the long term.
Things are moving very fast right now : one day the Greek PM indicates he will resign and the market goes up; then Bunga Bunga Berlusconi fails to get support from his own party and the market plummets, with the Hang Seng falling over 1000 points. :eek
Then Greece announces a new guy to be PM and the market steadies today. By tonight, France will probably start to look frail and tomorrow's market will probably plummet.

For those who have the cash and dare to play the markets there is a big chance for picking up good shares on sale. There is money to be made when there's blood on the streets.
And for those who picked the wrong shares to buy, there's always the high balcony exit. :eek:

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Originally Posted by Valve Bounce

So very true! The Mafia are strong and they have ways of "taking care" of the weak. :eek:

It remains to see who is the strong member of the family and who is weak. No longer is Italy strong, and now talk is that France may not be that strong either.
The whole point of the Eurozone situation is whether it was ever economically viable in the long term.
Things are moving very fast right now : one day the Greek PM indicates he will resign and the market goes up; then Bunga Bunga Berlusconi fails to get support from his own party and the market plummets, with the Hang Seng falling over 1000 points. :eek
Then Greece announces a new guy to be PM and the market steadies today. By tonight, France will probably start to look frail and tomorrow's market will probably plummet.

For those who have the cash and dare to play the markets there is a big chance for picking up good shares on sale. There is money to be made when there's blood on the streets.
And for those who picked the wrong shares to buy, there's always the high balcony exit. :eek:

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Pretty soon it's only us Finns and The Germans and perhaps the Netherlands. Wait a minute, haven't I heard that before?

Continuation War - Wikipedia, the free encyclopedia

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Originally Posted by DexDexter

Pretty soon it's only us Finns and The Germans and perhaps the Netherlands. Wait a minute, haven't I heard that before?

Continuation War - Wikipedia, the free encyclopedia

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Could be three times a charm for Germany - what it two two world wars to attempt (and failed) they might manage to own most of it by financing the Eurozone and taking over on the quiet........ ;)

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Originally Posted by DexDexter

Pretty soon it's only us Finns and The Germans and perhaps the Netherlands. Wait a minute, haven't I heard that before?

Continuation War - Wikipedia, the free encyclopedia

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Yeah and the Italians are letting the side down... again!

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Originally Posted by driveace

We are all living on credit,I am told that in the UK 85% of all bank accounts are in the red,and that 85% of all cars are leased,or financed,so 15% of the UK public who have a bank account or drive a car actually have money in the bank,and own their car !

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No, not all of us. People who can't afford what they want to buy are living on credit.