The future of the Euro and EU.

Top tip for Monopoly get the Oranges (Vine, Bow & Marlborough from memory), most visited colour on the entire board and give a good return on houses for £100.

To me in my simplistic view if I owe you 400bn and you owe me 450bn then you owe me 50bn, guess it will all be at different interest rates etc but wouldn't take a genius to factor those in.

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Originally Posted by Valve Bounce

Sorry, but if you read my earlier post about the new leaders of Italy and Greece, then perhaps you will see what I am referring to : the demonstrations after the new leaders were very recently selected to resolve the Euro crisis, and what follows.
If you want to talk about rioting in general in Greece, we can go back decades.

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You mean you expect the Italians and Greeks to think that just because their new governments (which they didn't vote for) have changed, everything is ok?

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Originally Posted by Drew

You mean you expect the Italians and Greeks to think that just because their new governments (which they didn't vote for) have changed, everything is ok?

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Au contraire!! I had remarked that both Greece and Italy were about to appoint new leaders who were expected to introduce/implement austerity measures. However, I then anticipated that this could lead to more demonstrations that would lead to riots. I then wondered how this would affect the Eurozone and possibly the world economy.

You obviously had not read my original post on this, and decided to jump in and blaze away; however, please feel free to do so as this will only add to the discussion about the Eurozone situation. You may as ewll add Spain into the equation as they look like joining the party: Economy dominates as Spain prepares to vote - Europe - Al Jazeera English.

Going back to your current post which I quote, no! I don't and never did expect everything is/will be OK. Maybe you could go back and inform yourself as to what this discussion is about.

So I hear the Krauts are trying to trash the Kidney Pies and shaft the pound - what say you all

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Originally Posted by Roamy

So I hear the Krauts are trying to trash the Kidney Pies and shaft the pound - what say you all

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I sometimes wonder whether Germany will be the only country in Eurozone. Does anyone else have this odd feeling?

Well Germany does produce many goods for it's home Market and export,most of the country,s in Eurozone,produce very little,as most products now come from Chiina,South Korea,Japan,etc. Britain used to build lots of cars and motorcycles,but all those have gone now,the Japanese producing better built,more advanced,and cheaper replacements.Countries like Hungary and the Cheq Republic also are cheap for goods,and services when I have had holidays there,and they keep their heads above the water

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Originally Posted by driveace

Well Germany does produce many goods for it's home Market and export,most of the country,s in Eurozone,produce very little,as most products now come from Chiina,South Korea,Japan,etc. Britain used to build lots of cars and motorcycles,but all those have gone now,the Japanese producing better built,more advanced,and cheaper replacements.Countries like Hungary and the Cheq Republic also are cheap for goods,and services when I have had holidays there,and they keep their heads above the water

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You'll call me a smart arse for it but not being able to correctly spell the name of a country you already visited? It's Czech Republic. Rant over.

Oh and France does produce quite a lot of stuff too, quite close to Germany when you take into account that Germany counts 33% more inhabitants.

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Originally Posted by driveace

Well Germany does produce many goods for it's home Market and export,most of the country,s in Eurozone,produce very little,as most products now come from Chiina,South Korea,Japan,etc. Britain used to build lots of cars and motorcycles,but all those have gone now,the Japanese producing better built,more advanced,and cheaper replacements.

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Britain produced 1.4 million cars last year and exported 80% of them with parts mainly sourced in Britain. Back in the 'heyday' of British manufacturing Britain produced 1.6 million so we're only producing 200k per year less, and thats in the middle of a global recession. More importantly, Britain isn't producing as much low value tat as it used to, most of the cars produced in the UK are high value added ones and inward investment is only increasing.

It would be helpful if this "we're all doomed" attitude was stopped. Britain has problems but it also has a lot of strengths.

BTW both Germany and Japan are offloading production of low value added cars and bikes to other countries. VW's productivity specifically in its German factories is pretty poor. Japan for example is offloading a lot of its European directed car manufacturing to Britain. I wouldn't say thats too bad.

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Originally Posted by Malbec

Britain produced 1.4 million cars last year and exported 80% of them with parts mainly sourced in Britain. Back in the 'heyday' of British manufacturing Britain produced 1.6 million so we're only producing 200k per year less, and thats in the middle of a global recession. More importantly, Britain isn't producing as much low value tat as it used to, most of the cars produced in the UK are high value added ones and inward investment is only increasing.

It would be helpful if this "we're all doomed" attitude was stopped. Britain has problems but it also has a lot of strengths.


BTW both Germany and Japan are offloading production of low value added cars and bikes to other countries. VW's productivity specifically in its German factories is pretty poor. Japan for example is offloading a lot of its European directed car manufacturing to Britain. I wouldn't say thats too bad.

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Although I agree with the point you are making I disagree with the way you have used statistics.

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Originally Posted by Valve Bounce

Au contraire!! I had remarked that both Greece and Italy were about to appoint new leaders who were expected to introduce/implement austerity measures. However, I then anticipated that this could lead to more demonstrations that would lead to riots. I then wondered how this would affect the Eurozone and possibly the world economy.
.

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Sorry, but I don't have the time or patience to read page and pages worth of expert economical advice by people who clearly have indepth knowledge of both the parliamentary and economical situations of all countries involved.