Is the end nigh for the Euro? [vol. 2]

Is the end nigh for the Euro? [vol. 2]

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BigBen

11,640 posts

230 months

Thursday 17th May 2012
quotequote all
Mermaid said:
BigBen said:
I think it was just on the radio that Greece are leaving the Euro and going to the Drachma as of tomorrow. Initial exchange rate 1:1.

Ben
Not heard that, nor reported anywhere on the internet yet.
Ah seems the Jeremy Vine show was a discussion about 'what if it leaves', I should have listened a bit more carefully.

Ben

RichardD

3,560 posts

245 months

Thursday 17th May 2012
quotequote all
BigBen said:
... I should have listened a bit more carefully...
Indeed you should! That sort of information could cause Steffan to spontaneously combust !!

Who is noticable by his absense here for a little while, maybe he already has !?

(Read a few random pages of this topic if you don't know who Steffan is)

BigBen

11,640 posts

230 months

Thursday 17th May 2012
quotequote all
RichardD said:
BigBen said:
... I should have listened a bit more carefully...
Indeed you should! That sort of information could cause Steffan to spontaneously combust !!

Who is noticable by his absense here for a little while, maybe he already has !?

(Read a few random pages of this topic if you don't know who Steffan is)
As mentioned it was Jeremy Vine so it doesn't pay to listen too carefully.....

turbobloke

103,945 posts

260 months

Thursday 17th May 2012
quotequote all
BigBen said:
RichardD said:
BigBen said:
... I should have listened a bit more carefully...
Indeed you should! That sort of information could cause Steffan to spontaneously combust !!

Who is noticable by his absense here for a little while, maybe he already has !?

(Read a few random pages of this topic if you don't know who Steffan is)
As mentioned it was Jeremy Vine so it doesn't pay to listen too carefully.....
Just what I was thinking. Vine is a turnip, almost Peston Lite, but not lite on the toadweasel elements.

davepoth

29,395 posts

199 months

Thursday 17th May 2012
quotequote all
PRTVR said:
Another word that I like, that fits with the euro/Europe is
Ozymandian
Link to meaning
http://m.urbandictionary.com/#define?term=ozymandi...
Shelley said:
I met a traveller from an antique land
Who said: "Two vast and trunkless legs of stone
Stand in the desert. Near them on the sand,
Half sunk, a shattered visage lies, whose frown
And wrinkled lip and sneer of cold command
Tell that its sculptor well those passions read
Which yet survive, stamped on these lifeless things,
The hand that mocked them and the heart that fed.
And on the pedestal these words appear:
`My name is Ozymandias, King of Kings:
Look on my works, ye mighty, and despair!'
Nothing beside remains. Round the decay
Of that colossal wreck, boundless and bare,
The lone and level sands stretch far away".

GBB

1,737 posts

159 months

Thursday 17th May 2012
quotequote all
BigBen said:
Mermaid said:
BigBen said:
I think it was just on the radio that Greece are leaving the Euro and going to the Drachma as of tomorrow. Initial exchange rate 1:1.

Ben
Not heard that, nor reported anywhere on the internet yet.
Ah seems the Jeremy Vine show was a discussion about 'what if it leaves', I should have listened a bit more carefully.

Ben
I thought it was well done and effective.

The great irony is that it was actual a repeat from a feature run last December predicting such events.

so Jeremy Vine is more switched on the European politicians....and the Greek People.

turbobloke

103,945 posts

260 months

Thursday 17th May 2012
quotequote all
GBB said:
BigBen said:
Mermaid said:
BigBen said:
I think it was just on the radio that Greece are leaving the Euro and going to the Drachma as of tomorrow. Initial exchange rate 1:1.

Ben
Not heard that, nor reported anywhere on the internet yet.
Ah seems the Jeremy Vine show was a discussion about 'what if it leaves', I should have listened a bit more carefully.

Ben
I thought it was well done and effective.

The great irony is that it was actual a repeat from a feature run last December predicting such events.

so Jeremy Vine is more switched on the European politicians....and the Greek People.
He parrots mostly what the programme team of biased bbc apparatchiks prepare for him, adding his own unique brand of political neutrality champagne socialism here and there while taking calls from carefully selected fully representative listeners the usual bunch of mainly left wing gobheads.

Having had more doses of that dizzy mix of 'current affairs beeb stylee' it only ever gets airtime on journeys or in the office by accident. Watching RT will get a more balanced picture of just about anything.

Irish

3,991 posts

239 months

Thursday 17th May 2012
quotequote all
I wonder how Target2 is coping with all the flows of Euros to Germany and into German bonds?

Follow the money - the settlement system must have the answers.

davepoth

29,395 posts

199 months

Thursday 17th May 2012
quotequote all
Boss of Bankia is apparently running around screaming "DON'T PANIC! DON'T PANIC!" in a Dad's Army style. Possibly.

Bankia said:
Depositors at Bankia can be absolutely reassured that their savings are safe.

Irish

3,991 posts

239 months

Thursday 17th May 2012
quotequote all

turbobloke

103,945 posts

260 months

Thursday 17th May 2012
quotequote all
hehe

Gary11

4,162 posts

201 months

Thursday 17th May 2012
quotequote all
" Watching RT will get a more balanced picture of just about anything.
[/quote]"

Worryingly so I agree!

Gary11

4,162 posts

201 months

Thursday 17th May 2012
quotequote all
eharding said:
I think we're finally getting to the point that Greece is no longer HBAT, the T having broken.

So we can enjoy the spectacle of Driller getting his knickers in a twist about us referring to the remainder as the PIIS.
JOBAT

Puggit

48,439 posts

248 months

Thursday 17th May 2012
quotequote all
RT?

Andy Zarse

10,868 posts

247 months

Thursday 17th May 2012
quotequote all
Taken from the famous Banking Timeline..

[i]7.Part-nationalisation of the bank is announced and taxpayers are told that a profit will result from this sound and wise investment.

8. Full nationalisation is announced to the sound of teeth being pulled without any anaesthetic.

9. Debt costs of the relevant sovereign nation rises.

10. Consequently that nation finds that its credit rating is downgraded.[/i]


Hmmm, I don't think it will be long before that nice Senor Ahoy will be picking up the phone to Christine L'orange at the IMF...






Gary11

4,162 posts

201 months

Thursday 17th May 2012
quotequote all
Puggit said:
RT?
Russia today!!

Puggit

48,439 posts

248 months

Thursday 17th May 2012
quotequote all
Gary11 said:
Puggit said:
RT?
Russia today!!
Sorry, I only work for a Russian company, I don't actually watch Russian TV hehe

Gary11

4,162 posts

201 months

Thursday 17th May 2012
quotequote all
Cost of Greek exit to the eurozone estimated at 1tn euros!!!

Mermaid

21,492 posts

171 months

Thursday 17th May 2012
quotequote all
Gary11 said:
Cost of Greek exit to the eurozone estimated at 1tn euros!!!
If it was a lot less, Greece would have been squeezed before you could say Spanakofita

Edited by Mermaid on Thursday 17th May 15:39

hidetheelephants

24,318 posts

193 months

Thursday 17th May 2012
quotequote all
Gary11 said:
Cost of Greek exit to the eurozone estimated at 1tn euros!!!
So about what the bailout has cost so far then?
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