Is the end nigh for the Euro? [vol. 3]
Discussion
Mermaid said:
DJRC said:
I must admit I fell over laughing at idea of Tzippy resigning adding 3 cents on the Euro 
In Shaggy style, he would say "It wasn't me"
Mermaid said:
DJRC said:
I must admit I fell over laughing at idea of Tzippy resigning adding 3 cents on the Euro
In Shaggy style, he would say "It wasn't me"YankeePorker said:
Testing, testing, 123.
Funny how quiet it's gone on the whole Greece issue. The EU übermensch might even be secretly delighted to have a tricky migrant issue to deal with as a way of putting the Grecian turmoils on the back burner.
Funny how quiet its gone on this thread too, recently! Due to a Pistonheads software problem apparently?Funny how quiet it's gone on the whole Greece issue. The EU übermensch might even be secretly delighted to have a tricky migrant issue to deal with as a way of putting the Grecian turmoils on the back burner.
At least we are back up and running now abd I thank the PH technicians for the restoration of the service. Long may this continue!?
As YankeePorker rightly says the media interest in the Greek problem has diminished as the latest economic madness by the EU has ensured that Greece continues to remain within the Euro at the sole expense of all the taxpayers within the Euro. Greece is hopelessly insolvent. Lending more and more to Greece is simply throwing good money after bad. This will become apparent to all once Greece defaults. Which will not be long in coming, I suggest.
Matter of time in my opinion. The EU may buy a few months at huge expense to the EU taxpayers. But Greece has not recovered in the last five years of subsidy from the EU, is still, not recovering and will not recover. Therefore default is inevitable.
I suspect the hiatus might be related to majordad's post a few posts above.
It's one those that one might wish to unsee.
I have no desire to be reminded of it by any efforts to check the forum on a regular basis.
In about 100 additional pages and I might feel slightly safer (for no obvious reason I have to admit. Things might have gone downhill from here ....)
It's one those that one might wish to unsee.
I have no desire to be reminded of it by any efforts to check the forum on a regular basis.
In about 100 additional pages and I might feel slightly safer (for no obvious reason I have to admit. Things might have gone downhill from here ....)
The Euro was never going to fail over Greece. We may have got a mk3 Euro but the concept would have stuck around. Northern Europe is still comparatively prosperous and trading heavily. Currencies always evolve, change and mutate. I have no doubt the Euro will change again at some point. Whether it sticks though will not be answered anytime in the immediate future.
The economic strength of France and Italy remains the biggest current structural weakness of the Euro. Europe does not like to see any one of Germany, France or Britain too strong relative to the others.
The economic strength of France and Italy remains the biggest current structural weakness of the Euro. Europe does not like to see any one of Germany, France or Britain too strong relative to the others.
Looks like 50% debt cut is required http://www.voxeu.org/article/greek-debt-sustainabi... though by the time they do the maths again after another round of Greek elections (20th September possibly) it could need even more. Keep buying themselves more time and throwing more money at it but music has to stop sometime.
dubloon said:
Gargamel said:
Euro as a currency is safe for now,
Well, maybe it always was.The real spending power degrading rapidly almost as much as every other currency, but just slightly not as much?
While interest rates are zero and salaries go nowhere, we're all in unsafe currencies right now, just it's slow so we don't really seem to care. But in a decade we'll probably look back and think, wtf!
I think we have largely conceded that there is a future for the Euro as a currency for the time being.
Interesting though that German are quick to threaten to withdraw funding for the project if they don't get there own way.
More interesting that other countries with a history of standing up to Germany are letting them.
The Greek shambles isn't over, just a question of how quickly they burn through the emergency funding.
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