Is the end nigh for the Euro? [vol. 3]
Discussion
Axionknight said:
LongQ said:
So that's anyone with a pension fund for a start?
Which is why UK Govt. has been forcing the pension concpet on ev
I assumed that was a precursor to means testing of the state pension in a few years time, even those with a meagre private pension will have their state pension reduced me thinks.Which is why UK Govt. has been forcing the pension concpet on ev
A sovereign gang rape.
Who should people complain to about the mis-selling?
LongQ said:
Axionknight said:
LongQ said:
So that's anyone with a pension fund for a start?
Which is why UK Govt. has been forcing the pension concpet on ev
I assumed that was a precursor to means testing of the state pension in a few years time, even those with a meagre private pension will have their state pension reduced me thinks.Which is why UK Govt. has been forcing the pension concpet on ev
A sovereign gang rape.
Who should people complain to about the mis-selling?
You couldn't make it up!
I too believe there are further pension rationalisations to come from the treasury. However, I foresee problems as this new (first we had the stakeholder shambles) mandatory pension scheme rolls out into smaller businesses. It's to complicated; all in, some can then opt out, back in after a certain period, and shake it all about, oh the Hokey Cokey! Quite simply, it is not going to work - it's unworkable for the smallest (most prolific) employers.
Jos Notstoppen said:
Can see a Trump win hasten the end to the Euro or am I wrong?
Another 'shock' to the system?! We'll find out by the end of the year either way, and Trump would be entertaining regardless of the EZ. Meanwhile there are headlines right now about a weak eurozone on the brink (IMF warning) with talk of the euro being scrapped. The project managers would love that, I reckon they'd sacrifice Juncker first (altar style).
turbobloke said:
Another 'shock' to the system?! We'll find out by the end of the year either way, and Trump would be entertaining regardless of the EZ.
Meanwhile there are headlines right now about a weak eurozone on the brink (IMF warning) with talk of the euro being scrapped. The project managers would love that, I reckon they'd sacrifice Juncker first (altar style).
It's a pity the IMF didn't take a more realistic stand on the Greek debt problem in the beginning. They're now forecasting something that they're partially responsible for.Meanwhile there are headlines right now about a weak eurozone on the brink (IMF warning) with talk of the euro being scrapped. The project managers would love that, I reckon they'd sacrifice Juncker first (altar style).
mondeoman said:
So even the IMF think that the best solution is "full, tariff free access" and quickly. How does that tie in with the EU mps desire to f
k us over?
They fear their gravy boat is cracking and are reactively hitting out at the nearest passing target to disperse the blame for the damage as far from their trough as they can cast it.k us over? Edited by LongQ on Saturday 9th July 13:30
all aboard the eu/goldman sachs/un merry go round. http://www.telegraph.co.uk/business/2016/07/08/gol...
anyone else see an ex prime minister of portugal advising a supposed respected financial institution as a teeny bit strange.
anyone else see an ex prime minister of portugal advising a supposed respected financial institution as a teeny bit strange.
wc98 said:
all aboard the eu/goldman sachs/un merry go round. http://www.telegraph.co.uk/business/2016/07/08/gol...
anyone else see an ex prime minister of portugal advising a supposed respected financial institution as a teeny bit strange.
CMD's job gone. anyone else see an ex prime minister of portugal advising a supposed respected financial institution as a teeny bit strange.
wc98 said:
all aboard the eu/goldman sachs/un merry go round. http://www.telegraph.co.uk/business/2016/07/08/gol...
anyone else see an ex prime minister of portugal advising a supposed respected financial institution as a teeny bit strange.
Most people might see it as a bit odd that a former Communist feels OK about joining GSucks but in the wonderful fantasy world of Eurotopia anything is probable.anyone else see an ex prime minister of portugal advising a supposed respected financial institution as a teeny bit strange.
LongQ said:
Axionknight said:
LongQ said:
So that's anyone with a pension fund for a start?
Which is why UK Govt. has been forcing the pension concpet on ev
I assumed that was a precursor to means testing of the state pension in a few years time, even those with a meagre private pension will have their state pension reduced me thinks.Which is why UK Govt. has been forcing the pension concpet on ev
A sovereign gang rape.
Who should people complain to about the mis-selling?
Caveat emptor surely?
The co-contribution or tax carrots may not outweigh the locked-in government meddling potential in the future.
And if it's not the government skimming them occasionally, or using the presence of one to skim your state entitlement, also paid for by NI, so more tax skimming, then it's those businesses in the protectionist racket with government who keep your money 'safe' for you.
Everyone is in for a big shock now in the coming decade. I just wonder how the story will be spun to make it look like someone elses fault.
For now Brexit and 'democracy' seem to be the scapegoat of choice for a wealth skim shafting session.
LongQ said:
wc98 said:
all aboard the eu/goldman sachs/un merry go round. http://www.telegraph.co.uk/business/2016/07/08/gol...
anyone else see an ex prime minister of portugal advising a supposed respected financial institution as a teeny bit strange.
Most people might see it as a bit odd that a former Communist feels OK about joining GSucks but in the wonderful fantasy world of Eurotopia anything is probable.anyone else see an ex prime minister of portugal advising a supposed respected financial institution as a teeny bit strange.
All very interesting and good to see so many postings on here, with very relevant comments and throughly researched and detailed concerns about the EU and the failing Soverign States witn the EU. I am now totally convinced, that do what they may, the EU simply does not have the essential grasp of the problems and therefore has absolutely no means whatsoever of addressing or correcting the deeply serious continuing economic failure within the insolvent states within the EU.
The tragedy is that the EU "solution" cannot address and has not actually addressed any of the root causes of these eonomic failures. These states are therefore themselves locked witin the EU. The EU will not admit the problem, therefore this can only end in one way, the failing states must learn to live within their own means, and leave the EU. Unpalatable is may be but these are the facts?
Quite where that will leave the EU, itself is another question entirely. There are very solvent states within the EU but the ramifications of the impending troubles falling upon the EU are too large to really establish what regroupings might work? The EU is not going to be able to continue, with the current format and there will be hell to pay once the entrely innocent and solvent states realise the losses that they will have to absorb. Only the Solvent states can afford the debt and therefore it will be their problem!
Firstly the reality of the hopeless positions will need to be recognised and then the Failing states will be allowed to move out of the EU and continue, once again, with their own currency. The dreams upon which ths nonsense was originally based have already gone for them. These dreams really began to crumble, years ago, once the EU started to believe its own bullst, which is invariably the result of trading with a knowledge of insolvency. The EU and the failing States are now staring at each other with fixed, glazed smiles? Terrified of the self inflicted mess, that they are all in!
By failing to appreciate or to comprehend, or to understand, how to recreate the economic growth wthin the failing EU states , which is, absolutely essential to economic recovery within the EU, these nincompoops have created precisely the conditions in which total disaster is the next stop. It will not be long in coming.
Sadly the overriding greed and seeking personal self interest with dreams of aggrandisement and huge pensions and ludicrously expensive lifestyleshas, so beloved of the dreadful EU politicians and their bureaucrat cronies, all grasping as much as they can for themselves, has finally led us to the edge of the precipice. The end is coming.
The EU politiians and bureaucrats have created precisely the wrong decisions with the result that, the circumstances have enabled many EU failing states to play hooky, with the EU and have bonanza periods taking far more from EU handouts than these states would ever be able to afford to repay. Textbook example of the madness that uncontrolled power can create within greedy uncontrolled economies.
A number of posters have quite rightly made the point that there are already a number of major businesses right on the edge of collapse across the EU including including Deutsche bank , the French banks, the Italian banks and the many others who are skating on very thin ice indeed and very likely to fail totally without notice and before very much longer.
I think these concerns are well placed and there is a significant risk of more of these arising shortly. Once whole countries start to fail then the the game really will be up for the EU. I regret that this course of events has run as it has, but the root cause lies in the inadequacy of the EU itself and the decision to follow fraudulent policies. Bound to fail once the nonsense QE "We can hide it all" approach was adopted by the EU.
The tragedy is that the EU "solution" cannot address and has not actually addressed any of the root causes of these eonomic failures. These states are therefore themselves locked witin the EU. The EU will not admit the problem, therefore this can only end in one way, the failing states must learn to live within their own means, and leave the EU. Unpalatable is may be but these are the facts?
Quite where that will leave the EU, itself is another question entirely. There are very solvent states within the EU but the ramifications of the impending troubles falling upon the EU are too large to really establish what regroupings might work? The EU is not going to be able to continue, with the current format and there will be hell to pay once the entrely innocent and solvent states realise the losses that they will have to absorb. Only the Solvent states can afford the debt and therefore it will be their problem!
Firstly the reality of the hopeless positions will need to be recognised and then the Failing states will be allowed to move out of the EU and continue, once again, with their own currency. The dreams upon which ths nonsense was originally based have already gone for them. These dreams really began to crumble, years ago, once the EU started to believe its own bulls
t, which is invariably the result of trading with a knowledge of insolvency. The EU and the failing States are now staring at each other with fixed, glazed smiles? Terrified of the self inflicted mess, that they are all in!By failing to appreciate or to comprehend, or to understand, how to recreate the economic growth wthin the failing EU states , which is, absolutely essential to economic recovery within the EU, these nincompoops have created precisely the conditions in which total disaster is the next stop. It will not be long in coming.
Sadly the overriding greed and seeking personal self interest with dreams of aggrandisement and huge pensions and ludicrously expensive lifestyleshas, so beloved of the dreadful EU politicians and their bureaucrat cronies, all grasping as much as they can for themselves, has finally led us to the edge of the precipice. The end is coming.
The EU politiians and bureaucrats have created precisely the wrong decisions with the result that, the circumstances have enabled many EU failing states to play hooky, with the EU and have bonanza periods taking far more from EU handouts than these states would ever be able to afford to repay. Textbook example of the madness that uncontrolled power can create within greedy uncontrolled economies.
A number of posters have quite rightly made the point that there are already a number of major businesses right on the edge of collapse across the EU including including Deutsche bank , the French banks, the Italian banks and the many others who are skating on very thin ice indeed and very likely to fail totally without notice and before very much longer.
I think these concerns are well placed and there is a significant risk of more of these arising shortly. Once whole countries start to fail then the the game really will be up for the EU. I regret that this course of events has run as it has, but the root cause lies in the inadequacy of the EU itself and the decision to follow fraudulent policies. Bound to fail once the nonsense QE "We can hide it all" approach was adopted by the EU.
Edited by Steffan on Saturday 9th July 18:45
Nice post Steffan,I always find your argument persausive and agree with them.
I have never believed that the Euro would be beneficial to the EU once it enlarged and fiddled the rules of entry to the Euro to allow in those countries whose economies did not meet the criteria.
The one size fits all monetary policy has always been imo ridiculous.
That policy coupled with endless rounds of QE imo will end badly.
Kicking the can continually down the road will only exacerbate the problem.
I have never believed that the Euro would be beneficial to the EU once it enlarged and fiddled the rules of entry to the Euro to allow in those countries whose economies did not meet the criteria.
The one size fits all monetary policy has always been imo ridiculous.
That policy coupled with endless rounds of QE imo will end badly.
Kicking the can continually down the road will only exacerbate the problem.
jsf said:
You've been saying the Euro is going to fail for 5 years now.
Until the people of Europe chose to break up the EU, I don't see the EURO going anywhere in terms of its survival.
I've long since argued the currency will survive. That doesn't mean it hasn't been a failure. That rather depends if you're a German industrialist or an unemployed Spaniard.Until the people of Europe chose to break up the EU, I don't see the EURO going anywhere in terms of its survival.
wc98 said:
all aboard the eu/goldman sachs/un merry go round. http://www.telegraph.co.uk/business/2016/07/08/gol...
anyone else see an ex prime minister of portugal advising a supposed respected financial institution as a teeny bit strange.
Good for the uk. Smart move. Insider who knows where the bodies are buried on the side of a bank that doesn't want to move.anyone else see an ex prime minister of portugal advising a supposed respected financial institution as a teeny bit strange.
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