Is the end nigh for the Euro? [vol. 3]

[Tony427]

jurbie said:

I think the mods need to change the thread title as it is confusing for newcomers and doesn't reflect the reality of the political system in Brussels. I think a more apt thread title should be, "What lengths will the EU go to to save the Euro?"

But thats easy, any lengths at all. It would be a very short discussion.

Social Unrest. No worries.

Mass Unemployment. No worries.

Lost generations. No worries.

Almost no growth. No worries.

Rioting pensioners. No worries.

As long as the political elite in the EU have their hands on power, everything is worth sacrificing to keep them in power.

The Italian and Austrian votes will be interesting to say the least. By being so dogmatic and focussed on the EU ideal, and brooking no discussion never mind changes, they have sown the seeds of their own destruction, ie the resurgence of Nationalism.

The genie is out of the bottle.

Cheers,

Tony

[FN2TypeR]

Tony427 said:

The genie is out of the bottle.

Cheers,

Tony

So.... Soon, then?

[Mr Whippy]

FN2TypeR said:

Tony427 said:

The genie is out of the bottle.

Cheers,

Tony

So.... Soon, then?

You'll know when because the ECB will do "an India" on cash.

But it'll be different. It might not even look like the same thing. Chances are you won't know it's happened till it's happened.

https://www.youtube.com/watch?v=NmFo-LKHGY0

Hedge accordingly.

[FN2TypeR]

Mr Whippy said:

FN2TypeR said:

Tony427 said:

The genie is out of the bottle.

Cheers,

Tony

So.... Soon, then?

You'll know when because the ECB will do "an India" on cash.

But it'll be different. It might not even look like the same thing. Chances are you won't know it's happened till it's happened.

https://www.youtube.com/watch?v=NmFo-LKHGY0

Hedge accordingly.

I'm 28 and now flat broke - we've just sold our flat and bought a houseso the only hedging I'll be doing is sorting the garden out when the weather gets better

All jokes aside, especially my daft comment with a jester smiley this morning, I do think the EU and specifically the Eurozone is in for a rough ride in the coming years, I don't think it'll collapse though, the combined Eurozone economies are pretty bloody massive and whilst I can see a few of them are clearly being left behind I think "the project" will continue regardless.

[Art0ir]

FN2TypeR said:

The combined Eurozone economies are pretty bloody massive.

So was the Soviet Union.

[Digga]

Art0ir said:

FN2TypeR said:

The combined Eurozone economies are pretty bloody massive.

So was the Soviet Union.

Argentina, Venezuela, not small either.

[The Don of Croy]

Their liabilities are pretty bloody massive too. Not just economic ones.

[Steffan]

Well I am off back to Lucca in Italy again shortly and it will be interesting to see how the Italians are looking at the forthcoming Referendum and how the EU is
generally? Noticed a lot of difference in the exchange rate already!!

Good to see Andy Zarse, LongQ, Digga, Mr Whippy and the Don of Troy all contributing to the thread and offering a number of thoughts. Good also to see the number of more recent contributors on the thread with new ideas and different thoughts. 

The more contributions there are the more varied opinions we are provided with which can only add to the general information provided on this thread. All to the good, I hope!

The decision of Hollande in France not to stand again as President of France is a very interesting and unexpected event I think? France Is definitely very likely to swing the right in these elections I think? That in itself could be very bad news indeed for the EU.

The Brexit difficulties are currently continuing to exercise the government?   Not going to be any quick fixes I rather think? Longer and longer timescales seem to be upon Brexit? Will that be sustained? Time will tell!

The Lucca visit will put me back into contact with something of the general  feelings of the Italians. I am looking forward to it and to kjthe 10 degrees rise in temperature there currently. I am looking forward to it!

[Carl_Manchester]

Renzi will quit if he loses the vote.

Revenge of the P.I.G.S incoming for Merkel, if the vote is lost Italy's economy will collapse in on itself within a few years.

Youth unemployment in Italy = 40%ish
Germany = 7%ish.

[Carl_Manchester]

Renzi is about to fold.

Where is my popcorn.

[B'stard Child]

Carl_Manchester said:

Renzi is about to fold.

Where is my popcorn.

Got any spare?

[CarreraLightweightRacing]

London stock exchange opened trading at 10PM, already 1.2euro to the pound

[number 46]

Euro/usd tanked as well. sadly I missed the first puke!!! More to come I feel, I wonder if an italian Bank may go next?

[anonymous-user]

Reuters reporting Renzi has been hammered

[LongQ]

CarreraLightweightRacing said:

London stock exchange opened trading at 10PM, already 1.2euro to the pound

Bugger.

Should have converted my Euro account when it was back at the level it was at when I opened it. About 1.14 as I recall.

I keep thinking I may need some soon and don't want the double hit of exchange rate conversions.

Still, at this rate I assume all of the companies that announce "Brexit" price hikes will soon feel a need to revert them or cancel those that have not yet taken effect?

Or am I being more than a little too optimistic about that?

[Gargamel]

Money to made whatever the rate, that's why ultimately it doesn't matter as much as some people think.

There is still this weird national prestige thing with currency value.

oddly for Italy a fall in the Euro is a good thing.

Shame their interest rate on Sovereign debt went up...

[anonymous-user]

he's resigning, officially tomorrow at cabinet but just said it now.

[FN2TypeR]

Art0ir said:

FN2TypeR said:

The combined Eurozone economies are pretty bloody massive.

So was the Soviet Union.

I know - and it took decades to collapse despite the turmoil and armed crackdowns/insurrections.

[powerstroke]

FN2TypeR said:

Art0ir said:

FN2TypeR said:

The combined Eurozone economies are pretty bloody massive.

So was the Soviet Union.

I know - and it took decades to collapse despite the turmoil and armed crackdowns/insurrections.

And a right of centre US president !!!!

[FN2TypeR]

powerstroke said:

FN2TypeR said:

Art0ir said:

FN2TypeR said:

The combined Eurozone economies are pretty bloody massive.

So was the Soviet Union.

I know - and it took decades to collapse despite the turmoil and armed crackdowns/insurrections.

And a right of centre US president !!!!

They have all been right of centre, of late anyway! The yanks political spectrum is narrower than a narrow thing on national narrow day!

Anyhoo, it'll be interesting to see what happens to various Italian banks share prices today!