Is the end nigh for the Euro? [vol. 3]
Discussion
RYH64E said:
If anything, the euro has put on a bit of a spurt in recent months and overtaken a very sickly looking GBP, GBP is looking more like the Lira every day.
The lira? You mean the Lira which kept the post-war Italian economy on the road for fifty five years? Of course, since joining the Eurozone poor old Italy has had zero economic growth for the last fifteen years. Absolutely none, nada, nowt. Talk about a lost decade, they're on track for a lost century the rate they're going. Andy Zarse said:
RYH64E said:
If anything, the euro has put on a bit of a spurt in recent months and overtaken a very sickly looking GBP, GBP is looking more like the Lira every day.
The lira? You mean the Lira which kept the post-war Italian economy on the road for fifty five years? Of course, since joining the Eurozone poor old Italy has had zero economic growth for the last fifteen years. Absolutely none, nada, nowt. Talk about a lost decade, they're on track for a lost century the rate they're going. RYH64E said:
Andy Zarse said:
RYH64E said:
If anything, the euro has put on a bit of a spurt in recent months and overtaken a very sickly looking GBP, GBP is looking more like the Lira every day.
The lira? You mean the Lira which kept the post-war Italian economy on the road for fifty five years? Of course, since joining the Eurozone poor old Italy has had zero economic growth for the last fifteen years. Absolutely none, nada, nowt. Talk about a lost decade, they're on track for a lost century the rate they're going. 
London424 said:
It's working well for Germany...how devalued are they running?
It's difficult to tell these days, but significantly. Germany runs a trade surplus which in the grand scheme of things should mean that it had a very high value currency. It doesn't, as a result of being in the Euro with a load of rubbish economies that drag the value of the Euro down. 25% is not an unreasonable suggestion. davepoth said:
London424 said:
It's working well for Germany...how devalued are they running?
It's difficult to tell these days, but significantly. Germany runs a trade surplus which in the grand scheme of things should mean that it had a very high value currency. It doesn't, as a result of being in the Euro with a load of rubbish economies that drag the value of the Euro down. 25% is not an unreasonable suggestion. Welshbeef said:
wc98 said:
imagine the eu in its current state without germany . i am thinking 35% .
But to be fair the last few years compariing the € to any other currency has been difficult due to serious volatility in major economies. Very interesting developments over in the USA and I think that it is worth recording the huge shock in America, that Donald Trump has won the Presidency of America, by a significant margin, has caused, Worldwide. So much for all the nonsense in the Media that Hillary was a certain winner. So much for all the pollsters and polls who all stridently predicted an easy Clinton Victory. So much for all the efforts to derail the Trump campaign.
In common with the Brexit result the predctions of the pollsters and media pundits look singularly inept and this really does underline the extent to which, both here and in America, the Media, politicians and pollsters were wildly inaccurate with their predictions. The whole Aerican political system has lost touch with their electorate. Hence the shock at this result!
We live in very interesting times and I am mindful that I have witnessed, runs on Banks, the shock of the Brexit decision after 40+ years within the EU and the shock of a completely politically inexperienced, businessman, who has never held political office of any sort, widely villified in the press and Media as totally unsuitable for such an office, actually winning the American Presidential election. By a far margin and against all the efforts to prevent that result.
Times really are changing and we all need to be aware of just how far reaching these changes may prove to be!
Times are definitely changing!!
Welshbeef said:
Imagine if somehow Corbyn created a movement in the U.K. To win the next election. Cold sweat.
He's already done that, however it's 600,000 strong and as a movement it's got no momentum in the UK as a whole.Corbyn appeals to that movement he has no appeal in the UK electorate.
B'stard Child said:
Welshbeef said:
Imagine if somehow Corbyn created a movement in the U.K. To win the next election. Cold sweat.
He's already done that, however it's 600,000 strong and as a movement it's got no momentum in the UK as a whole.Corbyn appeals to that movement he has no appeal in the UK electorate.
UKIP had 5millon UK votes last GE the Labour Party had c11m. That's very worrying for labour.
Welshbeef said:
B'stard Child said:
Welshbeef said:
Imagine if somehow Corbyn created a movement in the U.K. To win the next election. Cold sweat.
He's already done that, however it's 600,000 strong and as a movement it's got no momentum in the UK as a whole.Corbyn appeals to that movement he has no appeal in the UK electorate.
UKIP had 5millon UK votes last GE the Labour Party had c11m. That's very worrying for labour.
Welshbeef said:
B'stard Child said:
Welshbeef said:
Imagine if somehow Corbyn created a movement in the U.K. To win the next election. Cold sweat.
He's already done that, however it's 600,000 strong and as a movement it's got no momentum in the UK as a whole.Corbyn appeals to that movement he has no appeal in the UK electorate.
UKIP had 5millon UK votes last GE the Labour Party had c11m. That's very worrying for labour.
Because nearly 50,000,000 people will vote to ensure that it doesn't......
Digga said:
It's Grecovery!Oh...
YankeePorker said:
They need a bit of Grecian 2000 to get their economy back in the black.....
Indeed they do and I cannot see much hope for recovery within the EU because there has already been far too much refusal to face reality and far too many attempts to hide away and disguise abject economic. Thousands of millions of Euros have been thrown away willy nilly. None of that money is ever coming back. The EU can and are, currently, pretending that this money will be reaid in full and show the debt as fully recoverable. But as the first lesson of insolvency shows, you CANNOT get debts repaid by a hopelessly insolvent debtor any more than you can get blood out of a stone. The pretence and dishonesty of the EU can and is continuing. But not for long, I would suggest.
The EU failing states cannot afford to remain within the EU. They never could and never will.
Sgnificantly huge changes are coming across the Western World in any event, following our Brexit vote, which was in itself pretty challenging, but nothing compared to the huge lasting shock that has followed the Trump result in the USA. Given a significant Republican majority in both the Houses, Trump really has an unparalleled opportunity to enact, wthout hindrance, the legisation that he has been promising in his residential campaign! There really is nothing to hold him back and I think we must assume that is what Trump will do!
The tragedy is, that as Boris Johnson quipped on the Radio today, in response to the fuss in America, post Trump, and to reality finally sinking to the losers in the election, when Boris commented on that fuss by saying, ' I do not think Wingerama', will get anyone anywhere!' was absolutely on the button in my view. Fate accompli! Crying over spilt milk never did anyone any good!
The American media were all to a man, living in a dream world of their own fantasies and totally out touch with the realities of the real voting intentions of the US electorate. The Washington politcal Merry Go Round had all made precisely the same error. Neither of them were either in tune with the electorate or even listening to the electorate. Indeed you do have to ask the question, whether either of those groups coud care less what the voters intentions were? If they could then I think they might just have realised Trump was a winning certainty. The USA is demanding change. Trump offerred change. Hence the unexpected landslide victory for a man without any previous political experience.
There is going to be a huge change in the running of the US and I sincerely hope America is better served by the change. There will also be major changes in the way that Britain goes about business and I sincerely hope that this too will better serve the UK. I honestly believe that the EU concept will also become yesterday news and I foresee huge changes within the EU in consequence.
I am becoming more and more certain that other States within the EU are also going to be returning increasingly right wing politicians chaged with protecting the interests of their own electorate and not the collective wellbeng of an amorphous body like the EU. Changes are coming and I cannot see the EU surviving those changes, for all the aforementioned reasons. Interesting times indeed!
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