Is the end nigh for the Euro? [vol. 3]
Discussion
Driller said:
Oh for heaven's sake 
Then they change the rules and their injured horse wins by default FFS!
Hmm.Then they change the rules and their injured horse wins by default FFS!
That's fine when the only races you want to run are at home and use your rule set.
Oddly there are other countries who sometimes want to put a runner in the stalls if they feel the rules are suitable.
Sometimes they will accept entries to their races - on their own terms.
For example - are the Americans interested in the survival of the European banks? Probably not.
Will the VAG nag be let off its false starts in the US Derby? Unlikely.
Will the Arab states ask to support their displaced peoples? I doubt it.
If the EU is seen to be weak in its internal workings the RoW are very likely to go for the jugular to cover up their own failings and somehow protect their investments.
They may wish to change the bloodstock lineage at that point.
LongQ said:
Driller said:
Oh for heaven's sake
Then they change the rules and their injured horse wins by default FFS!
Hmm.Then they change the rules and their injured horse wins by default FFS!
That's fine when the only races you want to run are at home and use your rule set.
Oddly there are other countries who sometimes want to put a runner in the stalls if they feel the rules are suitable.
Sometimes they will accept entries to their races - on their own terms.
For example - are the Americans interested in the survival of the European banks? Probably not.
Will the VAG nag be let off its false starts in the US Derby? Unlikely.
Will the Arab states ask to support their displaced peoples? I doubt it.
If the EU is seen to be weak in its internal workings the RoW are very likely to go for the jugular to cover up their own failings and somehow protect their investments.
They may wish to change the bloodstock lineage at that point.
If you don't LIKE the Euro then that's another matter. This thread should be called "I don't like the Euro, I wish it would go away".
As for the rest of the world well they're clearly all in it together all the way to their multinational head offices so your talk of other races or entries won't make the Euro disappear in a puff of smoke either.
Edited by Driller on Tuesday 22 September 18:54
Driller said:
LongQ said:
Driller said:
Oh for heaven's sake
Then they change the rules and their injured horse wins by default FFS!
Hmm.Then they change the rules and their injured horse wins by default FFS!
That's fine when the only races you want to run are at home and use your rule set.
Oddly there are other countries who sometimes want to put a runner in the stalls if they feel the rules are suitable.
Sometimes they will accept entries to their races - on their own terms.
For example - are the Americans interested in the survival of the European banks? Probably not.
Will the VAG nag be let off its false starts in the US Derby? Unlikely.
Will the Arab states ask to support their displaced peoples? I doubt it.
If the EU is seen to be weak in its internal workings the RoW are very likely to go for the jugular to cover up their own failings and somehow protect their investments.
They may wish to change the bloodstock lineage at that point.
If you don't LIKE the Euro then that's another matter. This thread should be called "I don't like the Euro, I wish it would go away".
As for the rest of the world well they're clearly all in it together all the way to their multinational head offices so your talk of other races or entries won't make the Euro disappear in a puff of smoke either.
Edited by Driller on Tuesday 22 September 18:54
However the worldwide economic game is not currently about Europe (other than America's seeming intent to destroy Europe's reputation).
It's about China.
And perhaps India.
And whatever happens to the traditional Oil Producing nations in an era of low oil prices and the potential rise of nihilism floated on a raft of religiously associated dogma.
The economic battle will be between the industries and currencies of China and the USA. Europe and the Euro are just side shows and distractions - somewhere the Middle Eastern influence and destructive investment can be directed to while the more distant economies battle it out using the rest of the world as a proxy battle ground.
Take the new and hugely expensive Nuclear elephant. Since when did "Chinese Investment" translate into "£2 Billion guarantee" by the UK government via the UK tax system?
Whose risk it is anyway?
Driller said:
LongQ said:
Driller said:
Oh for heaven's sake
Then they change the rules and their injured horse wins by default FFS!
Hmm.Then they change the rules and their injured horse wins by default FFS!
That's fine when the only races you want to run are at home and use your rule set.
Oddly there are other countries who sometimes want to put a runner in the stalls if they feel the rules are suitable.
Sometimes they will accept entries to their races - on their own terms.
For example - are the Americans interested in the survival of the European banks? Probably not.
Will the VAG nag be let off its false starts in the US Derby? Unlikely.
Will the Arab states ask to support their displaced peoples? I doubt it.
If the EU is seen to be weak in its internal workings the RoW are very likely to go for the jugular to cover up their own failings and somehow protect their investments.
They may wish to change the bloodstock lineage at that point.
If you don't LIKE the Euro then that's another matter. This thread should be called "I don't like the Euro, I wish it would go away".
As for the rest of the world well they're clearly all in it together all the way to their multinational head offices so your talk of other races or entries won't make the Euro disappear in a puff of smoke either.
Edited by anonymous-user on Tuesday 22 September 18:54
Massive debt, economies failing because they can't float their currency, high unemployment and ever more desperate moves to save it and the organisation depending on it. In what way has it not failed?
I certainly wouldn't bet on it going away, the political experiment is too important to those milking it to let it go easily, as long as the taxpayer can be conned into paying for it, but there is no doubt that it has failed.
As usual there are a lot of metaphors for failure being used and people saying the Euro is "as good as" dead.
The general economic situation of Europe is another matter even if you believe it's due to the Euro which is clearly isn't when you consider all that's happened since 2007.
The Euro has not ended and its end is not nigh.
Just accept it and stop trying express the reality in terms of what you wish.
The general economic situation of Europe is another matter even if you believe it's due to the Euro which is clearly isn't when you consider all that's happened since 2007.
The Euro has not ended and its end is not nigh.
Just accept it and stop trying express the reality in terms of what you wish.
majordad said:
I'd say the high unemployment rates you mention would be at least as bad if they were not in the Euro, and remember some of in those countries the unemployment rate is fudged as it includes many claiming unemployment benifits ( however small ).
I agree; there is no doubt that the temporary euphoria of the advent of the Euro produced a false economic dawn for many of the PIIGS.Driller said:
chris watton said:
Either way, the future for the EU does look quite bleak.
It doesn't because they are working in an environment where they make the rules!Sooner or later, somebody somewhere will apply some understandable rules to this game. And if Europe have been fudging the figures they'll be caught out. All imho.
In the meantime, the loudest voice in our neck of the woods is the EU, and if they say they're winning and are happy to back that bet, let 'em. The truth will out.
Driller said:
Go on, squeeeeeeeze your eyes tightly shut and concentrate reeeeeeaaaally hard.
You never know what might happen
Recent events in China's stock markets can give you an idea. Even an economy of their magnitude can only 'pretend' for so long. No one can buck global economic reality on a permanent basis.You never know what might happen
I always thought the denoument would be that Western and European living/welfare standards would be eroded gradually, by iterative declines in economic and industrial competitiveness, but it seems the populations of A&ME developing nations have a different idea of a swifter resolution.
majordad said:
I'd say the high unemployment rates you mention would be at least as bad if they were not in the Euro, and remember some of in those countries the unemployment rate is fudged as it includes many claiming unemployment benifits ( however small ).
I'm not sure where you'd find any evidence to support what you'd say. Two EU members who are outside the Euro (Denmark and UK) have youth employment below 15% with the only difference with Euro members is they are...err... not. Monetary policy which suits Germany and a small number of similar economies is being forced on a range of companies for whom it is entirely wrong and their youth are paying the price, at least at the moment.
DJRC said:
Maintain as little cash balance as you can, put as much into property as you can and rest into Ole' Fire n Forget.
I'd agree in a way.I bet there are some areas that will boom when the correction (whichever way around it occurs) happens.
But finding them is another thing.
I suppose you need to set your stall out on what you think will happen, and then hedge around that with the investments in the right places... just like always I suppose
richie99 said:
majordad said:
I'd say the high unemployment rates you mention would be at least as bad if they were not in the Euro, and remember some of in those countries the unemployment rate is fudged as it includes many claiming unemployment benifits ( however small ).
I'm not sure where you'd find any evidence to support what you'd say. Two EU members who are outside the Euro (Denmark and UK) have youth employment below 15% with the only difference with Euro members is they are...err... not. Monetary policy which suits Germany and a small number of similar economies is being forced on a range of companies for whom it is entirely wrong and their youth are paying the price, at least at the moment.
Digga said:
Recent events in China's stock markets can give you an idea. Even an economy of their magnitude can only 'pretend' for so long. No one can buck global economic reality on a permanent basis.
I always thought the denoument would be that Western and European living/welfare standards would be eroded gradually, by iterative declines in economic and industrial competitiveness, but it seems the populations of A&ME developing nations have a different idea of a swifter resolution.
Still got naff all to do specifically with the Euro though has it?I always thought the denoument would be that Western and European living/welfare standards would be eroded gradually, by iterative declines in economic and industrial competitiveness, but it seems the populations of A&ME developing nations have a different idea of a swifter resolution.
Driller said:
Digga said:
Recent events in China's stock markets can give you an idea. Even an economy of their magnitude can only 'pretend' for so long. No one can buck global economic reality on a permanent basis.
I always thought the denoument would be that Western and European living/welfare standards would be eroded gradually, by iterative declines in economic and industrial competitiveness, but it seems the populations of A&ME developing nations have a different idea of a swifter resolution.
Still got naff all to do specifically with the Euro though has it?I always thought the denoument would be that Western and European living/welfare standards would be eroded gradually, by iterative declines in economic and industrial competitiveness, but it seems the populations of A&ME developing nations have a different idea of a swifter resolution.
For now we can get immigrants of working age with children to fill in the bottom of our ponzi pyramids, but that is only going to work so long in the USA and Europe.
China shows what happens when the bottom of the pyramid can't get wider to sustain the huge debt burdens that have been placed upon the assumption the pyramid can get wider ad infinitum.
REALIST123 said:
?? The Euro has already failed. Just because it's being kept on a life support machine doesn't make it successful or even viable. Not even close to.
Massive debt, economies failing because they can't float their currency, high unemployment and ever more desperate moves to save it and the organisation depending on it. In what way has it not failed?
I certainly wouldn't bet on it going away, the political experiment is too important to those milking it to let it go easily, as long as the taxpayer can be conned into paying for it, but there is no doubt that it has failed.
Just because the euro hasn't ended war, famine and death doesn't mean that it's failed, it's just a currency, a means of exchange, nothing more. Massive debt, economies failing because they can't float their currency, high unemployment and ever more desperate moves to save it and the organisation depending on it. In what way has it not failed?
I certainly wouldn't bet on it going away, the political experiment is too important to those milking it to let it go easily, as long as the taxpayer can be conned into paying for it, but there is no doubt that it has failed.
I quite like the euro, it's very convenient having a stash of cash that I can spend in Germany, France, Spain, Holland, Italy etc, all countries that I visit on a regular basis. Buying and selling in the same currency is also very convenient, I don't have to worry about currency fluctuations hitting my margins. Buying in USD and selling in GBP or EUR can be a major problem, no such worries in the Eurozone.
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