Discussion
http://itn.co.uk/c1ca675f511aa82e7c56d4b478cb7663....
So what does that mean for the Euro and who will be next?
So what does that mean for the Euro and who will be next?
There is only so much regional instability the eurozone can take, now I'm no financial genius but I would imagine the stronger economies are pondering a return to a national currency.
I think Germany has too much invested in the Euro working to be the first to pull out but others maybe not.
Wonder what procedures are in place for a country to return to a now defunct currrency? I mean how on earth would you peg the value of a French franc when it's been out of the money market for so long?
I think Germany has too much invested in the Euro working to be the first to pull out but others maybe not.
Wonder what procedures are in place for a country to return to a now defunct currrency? I mean how on earth would you peg the value of a French franc when it's been out of the money market for so long?
Fittster said:
How's the yellow shiny stuff getting on?
Up, and up, and up...George Osborne yesterday said:
"We have already decided to rebuild our foreign currency reserves, and we intend to purchase a range of high quality assets. But with the price of gold at a record high we won't be able to replenish the reserves sold at a record low."
Puggit said:
George Osborne yesterday said:
"We have already decided to rebuild our foreign currency reserves, and we intend to purchase a range of high quality assets. But with the price of gold at a record high we won't be able to replenish the reserves sold at a record low."
If they want to hold assets besides currencies, why limit to gold?
anonymous said:
[redacted]
It seems such an insane system, all these countries with unlimited credit cards racking up obscene bills.Where did it start? I recall reading of war loans taken out by Royal families in napoleonic times, have we just carried on racking it up since then?
Seriously when was the UK last debt free?
Kwai Chang Caine said:
stitched said:
Where did it start? I recall reading of war loans taken out by Royal families in napoleonic times, have we just carried on racking it up since then?
It's been happening even longer than that. IIRC it was a soveriegn debt issue that finished off Imperial Spain. ralphrj said:
Ta fella, very interesting.1997-2009 we doubled a debt which historically only went sharply up during a major war.
2009-2014 it will double again.
This leads me to speculate that certain spending has skyrocketed in the period 1997 to now.
FFS stop spending on my kids credit cards.
wolves_wanderer said:
Puggit said:
Pound crashing against the Euro:
But the dollar strengthening:
Poor british retail sales is the reason for that.But the dollar strengthening:
Inflation is going to continue, at least for the remainder of the year and much of the inflation has yet to find its way to retail customers.
Digga said:
wolves_wanderer said:
Puggit said:
Pound crashing against the Euro:
But the dollar strengthening:
Poor british retail sales is the reason for that.But the dollar strengthening:
Inflation is going to continue, at least for the remainder of the year and much of the inflation has yet to find its way to retail customers.
Don't forget that those charts are very short term, this is a slightly longer view and we are generally in an uptrend since the start of the year. The major currencies all have their own problems and seem to be in a race to see who is the weakest.
Edit my chart isn't very clear but each bar represents 4 hours and the chart goes back to around christmas.
So it is, here are the same charts for the what you were actually talking about rather than what I assumed you were talking about 
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