Is the end nigh for the Euro? [vol. 2]
Discussion
Wombat3 said:
Looks like Sarko has admitted defeat & so in comes "Tax & Spend" Hollande that "hates the rich".
They are so screwed.
Still, look on the bright side - it will be a three year demonstration from the socialists of how to bankrupt a country before we have another election
OTOH being French they are always up for a bit of a revolution.They are so screwed.
Still, look on the bright side - it will be a three year demonstration from the socialists of how to bankrupt a country before we have another election
Wombat3 said:
Looks like Sarko has admitted defeat & so in comes "Tax & Spend" Hollande that "hates the rich".
They are so screwed.
Still, look on the bright side - it will be a three year demonstration from the socialists of how to bankrupt a country before we have another election
So property prices in London at the top end of the market continue to rise with incoming invstments and our lot look out of their political bubble and only see prosperity abounding and cannot understand why people are not happy with their policies.They are so screwed.
Still, look on the bright side - it will be a three year demonstration from the socialists of how to bankrupt a country before we have another election
Wonderful.
Wombat3 said:
Looks like Sarko has admitted defeat & so in comes "Tax & Spend" Hollande that "hates the rich".
They are so screwed.
Still, look on the bright side - it will be a three year demonstration from the socialists of how to bankrupt a country before we have another election
They were screwed anyway - whoever won. It was Sarko taking them down le plug-hole with the euro or Hollande by spending too much. The Gallic inability to vote for someone to actually represent them is as bad as Britains.They are so screwed.
Still, look on the bright side - it will be a three year demonstration from the socialists of how to bankrupt a country before we have another election
I mean look at us - we have Pro-EU Tories, Pro-EU Yellows or Pro-EU communists, at least there is a (small) chance Hollande will stand up to the EU though.
ETA:
Torygraph said:
Mr Hollande has also called for the role of the ECB to be expanded, allowing it to lend directly to the sinner states – or at least to the bail-out fund, the European Stability Mechanism.
Ahh... the ECB have got their man in. Europe is truly f
ked.Edited by Globs on Sunday 6th May 20:33
davepoth said:
1point7bar said:
If you listen really carefully you can just hear a Leopard II warming up.
Listen even closer, you'll hear Frau Merkel carefully cueing the Reichtag's emergency 78rpm record of "Ride of the Valkyries" on an antique gramophone. Well then? What do we believe the immediate consequences will be?
I never like to pronounce results before the announcements are through but it does look like Sarkozy knows that his goose is in the oven. If this turns out to be the case the EU will have a real problem. IMO this will mean that the support and subsidy for the HBAT's is dead. Forthwith.
And, as others have said with the unemployment level on the below 25's already over 50% in some of HBAT's this really does start to look like a hopeless case for the continuance of the EU bail out of the HBAT's. How can it be continued? The human cost in itself must surely beg thus question?
In all conscience, with falling Benefits levels in the HBAT's and these kinds of unemployment levels WITH the subsidy from the EU, I cannot see how any reasonable responsible politician could actually vote to continue this nonsense. There is going to be major civil unrest in the HBAT's unless the HBAT's change direction. In the basis that the EU will not contribute more I cannot see how the HBAT's remain within the EU.
But others may disagree and I will be interested to hear whether the continuance approach of the EU is still regarded as sustainable. It does seem most unlikely to me. But clearly there are other vies. Is the consensus changing?
Two comments from the Beeb
http://www.bbc.co.uk/news/world-europe-17975370
http://www.bbc.co.uk/news/world-europe-17975660
The Greek coalilition is suffering serious losses
And Sarkozy is out and Hollande is is in.
What a difference a day makes. The future of the HBAT's in the Euro looks pretty bleak. The future of the Euro looks none too rosy. Clearly the Greek influx into the UK will be joined by the French influx into the UK. Central London property prices will rise again.
This dishonest travesty had gone on long enough. Time to begin dealing with the reality of the problems and not covering them up with Billions of Euros being thrown away without the EU taxpayers having any real opportunity to save their money.
What now for France, the HBAT's and Europe. That must be the question.
http://www.bbc.co.uk/news/world-europe-17975370
http://www.bbc.co.uk/news/world-europe-17975660
The Greek coalilition is suffering serious losses
And Sarkozy is out and Hollande is is in.
What a difference a day makes. The future of the HBAT's in the Euro looks pretty bleak. The future of the Euro looks none too rosy. Clearly the Greek influx into the UK will be joined by the French influx into the UK. Central London property prices will rise again.
This dishonest travesty had gone on long enough. Time to begin dealing with the reality of the problems and not covering them up with Billions of Euros being thrown away without the EU taxpayers having any real opportunity to save their money.
What now for France, the HBAT's and Europe. That must be the question.
Steffan said:
This dishonest travesty had gone on long enough. Time to begin dealing with the reality of the problems and not covering them up with Billions of Euros being thrown away without the EU taxpayers having any real opportunity to save their money
This isn't going to happen.Hollande has told us the plan, and the plan is for the ECB to become the de-facto central bank with a licence to print money.
So in another decade ALL of europe will belong to the ECB/ESM, not just half of it. It's really odd to think that europe fought for independence, and now it's just rolled over to foreign totalitarian rule.
Yertis said:
odyssey2200 said:
HBATs??
Me too. Google gives:HBAT Home Builders Association of Tennessee
HBAT Hanging By A Thread
HBAT Hydrogen Bond Analysis Tool
HBAT Hit by A Train
HBAT Handbook Bulletin Air Transport
I did google before I risked looking daft by asking.
I came up with all those too but figured they didn't really apply.
Gary11 said:
Globs said:
Popular opinion?
http://www.telegraph.co.uk/news/politics/local-ele...
The majority of voters are still too stupid to notice what's going on.
The things they care about are Corrie, Towie and Eastenders.
Do you know globs your right my wife looked at me in disbelief last night as I tried (badly) to explain via this thread what may happen,when the topic comes up in a group you get 2-3 people taking part as the rest skulk of or yawn and start talking footie towie or eastenders ....thing is where does it get us?http://www.telegraph.co.uk/news/politics/local-ele...
The majority of voters are still too stupid to notice what's going on.
The things they care about are Corrie, Towie and Eastenders.
The whole world is ignorant. The trick is not to be dumb enough to think you know best for mankind and to be smart enough to know whats best for you.
DJRC said:
But the majority of ppl on this thread are too stupid/naive/ignorant/biased to predict/see/understand what will/is/might happen.
The whole world is ignorant. The trick is not to be dumb enough to think you know best for mankind and to be smart enough to know whats best for you.
How do you see the Euro vis-a-vis Sterling in the short & medium term?The whole world is ignorant. The trick is not to be dumb enough to think you know best for mankind and to be smart enough to know whats best for you.
Globs said:
Steffan said:
This dishonest travesty had gone on long enough. Time to begin dealing with the reality of the problems and not covering them up with Billions of Euros being thrown away without the EU taxpayers having any real opportunity to save their money
This isn't going to happen.Hollande has told us the plan, and the plan is for the ECB to become the de-facto central bank with a licence to print money.
So in another decade ALL of europe will belong to the ECB/ESM, not just half of it. It's really odd to think that europe fought for independence, and now it's just rolled over to foreign totalitarian rule.
turbobloke said:
Yes sirree.
HBAT hanging by a thread...to solvency.
Driller suggested this term about ten pages ago I have attributed it to him many times on here. HBAT hanging by a thread...to solvency.
Interesting view expressed by Globs, who is certainly correct that the Hollande expression is that the ECB will just print money as needed whenever and whatever the amount.
I am uncertain as to whether that in itself will be sufficient. The fiat money discussions earlier on here and elsewhere on PH reflect the requirement that the market actually believes in the economic strengths underlying the fiat money being printed. I am unconvinced that that will be the case with the support to the EU. Does anyone on PH think that the ECB can actually be solvent, given their exposure to the HBAT's?
I certainly doubt that that will be the case once the changes Hollande is promising start to unfold. It is certainly going to get very interesting indeed. This is in itself a major change in France. A Socialist President with a Socialist Assembly? This is building up into a real economic powder keg.
Steffan said:
I certainly doubt that that will be the case once the changes Hollande is promising start to unfold. It is certainly going to get very interesting indeed. This is in itself a major change in France. A Socialist President with a Socialist Assembly? This is building up into a real economic powder keg.
I wonder if the French owned businesses that own so much of the UK infrastructure might see an opportunity to change country of registration and profit from the move? Now that would be ironic ...Gassing Station | News, Politics & Economics | Top of Page | What's New | My Stuff