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Thread: The future of the Euro and EU.
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17th November 2011, 09:41 #121
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I still think like I did back in late Spring that the Euro as a currency is Donald Ducked. I will be surprised if Germany and France allow this to continue into 2012.
Just seen borrowing rates for Government 10 year bonds.
Greece 31.75 Down
Ireland 8.2 Down
Italy 7.1 Down
Spain 6.61 Up
France 3.73 Up
Germany 1.78 Down
The main worry is France. They suddenly seem to be catching the Mediterranean Cold and their financial security is being eroded. Will they continue to want to bail out the Southern States and without France, Germany cannot continue on it's own.
It isn't going to work!!
The early austerity measures implemented by the Tories seem to have generated confidence within the Global market with the UK rate being about the 3% mark. That is something to be thankful for at least but now we need to see more employment growth, especially amongst the young. We need to get the Country working again now.
I see a definite North South European divide which the UK can be more of apart of but there will be a god almighty fallout with the Euro before then.
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17th November 2011, 22:38 #122
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Originally Posted by Valve Bounce
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17th November 2011, 22:46 #123
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Originally Posted by Drew
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17th November 2011, 22:59 #124
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Originally Posted by BDunnell
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18th November 2011, 01:06 #125
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Well, the rioting in both Greece and Italy has started. I just wonder where this will lead to and how it will affect the rest of the World's economy.
When in doubt, run in circles, scream and shout
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18th November 2011, 19:04 #126
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Originally Posted by Valve Bounce
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18th November 2011, 19:31 #127
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Originally Posted by BDunnell
What the Italians need is to have their 'guild' system destroyed where to do any job from driving a taxi to being a politician you need to be a member of the appropriate body, allowing monopolies to spring up everywhere. Thats why Italy is so astonishingly expensive. That might crack the extreme nepotism in Italy too which can only help.
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19th November 2011, 00:38 #128
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Originally Posted by Drew
If you want to talk about rioting in general in Greece, we can go back decades.When in doubt, run in circles, scream and shout
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19th November 2011, 00:53 #129
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Originally Posted by J4MIE
Originally Posted by SGWilko
RICHARD LITTLEJOHN: Spare us the sob story, Gordon, we don't care | Mail Online
The man who stole your old age: How Gordon Brown secretly imposed a ruinous tax that has wrecked the retirements of millions | Mail Online
At least bob Maxwell had the decency to top himself when he was caught with his hands in the pension pot, we're still waiting Gordo saviour of the world financial genius !!
Originally Posted by anthonyvop
Makes you wonder why they don't just wipe off all the debts and see what's left.
Originally Posted by Starter
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19th November 2011, 01:47 #130
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Originally Posted by Bolton Midnight
I think wiping off all debts was the stage we used to reach and we started a new game again.When in doubt, run in circles, scream and shout
It may be interpreted as whining, also as just admitting, that has not found a comfortable setup for his style. From his attitude for me, it's the second, but there is a thin line and it's...
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