If you are paid in Euros...
Poll: If you are paid in Euros...
Total Members Polled: 84
Discussion
In the last six months I've taken an effective 5% pay cut due to the weakening Euro. There is a chance I can change my contract to pay USD (I will push for GBP, though I think I'll be unlikely to get it). Would you stick with the EUR, or is the USD a safer bet medium-long term?
Any ideas?
Any ideas?
Digga said:
My vote for USD is simple; been posted elsewhere that EUR will loose 7% anyway early next year - by ECB's own reckoning - because of lowering interest rates and QE. And that's if things don't worsen...
Do you have a link to that ECB prediction that I can include in my 'evidence' package?Cheers.
ETA:
Good choice of car and bike, Landrover and Orange! Choice of champions
Are you wedded to the UK? I am paid in Euros and living abroad, but have a house in the UK and plan to return. I am transferring back money regularly to ensure that the money I have is in the same currency as my mortgage.
I don´t know if the euro will fail, but I am trying to mitigate the risk. If it does fail and the currency goes badly south, I will be buying assets and bringing them back to the UK with me when I eventually come back.
Given the choice, I would move to USD at the minute if I could not have pounds.
I don´t know if the euro will fail, but I am trying to mitigate the risk. If it does fail and the currency goes badly south, I will be buying assets and bringing them back to the UK with me when I eventually come back.
Given the choice, I would move to USD at the minute if I could not have pounds.
Link as requested, pinched from the PIIGS thread: http://www.forex-news.co/if-the-ecb-qe-rescue-expe...
LimaDelta said:
Ride it out, they won't let the EUR fail
They only have one way of preventing it's failure, and that is to replace hundreds of years of European democracy with an authoritarian state - a process which has been under way for some time. Whether or not you think the EUR will survive depends entirely on whether you think they will finish the job, or whether you think the French, Germans, and citizens of other European countries will suspend them by the necks from lamp-posts with piano wire.
Digga said:
Link as requested, pinched from the PIIGS thread: http://www.forex-news.co/if-the-ecb-qe-rescue-expe...
Cheers!
of course, less than 183 days. ukwill said:
Given the option, surely the question is why would you choose to be paid in euros instead of dollars?
Historically, the EUR contract has been the favoured option. It was never really a choice, it was just what was initially offered. Also, I remember alot of guys on USD contract were burned pretty badly post 09/11
ukwill said:
LimaDelta said:
Historically, the EUR contract has been the favoured option. It was never really a choice, it was just what was initially offered.
Also, I remember alot of guys on USD contract were burned pretty badly post 09/11
Sure - I mean given the chance now (like you are).Also, I remember alot of guys on USD contract were burned pretty badly post 09/11
I had the option of being paid in EUR on a job offer a month or so ago. My thinking behind it was to decline, I don't pay my mortgage in € and there's too much of a chance it'll go against me if I took the chance. Negotiated a GBP contract instead but that suits my conditions better as I'll be in the UK for 10 months a year
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