Is the end nigh for the Euro? [vol. 3]
Discussion
Gargamel said:
Scuffers said:
it's harder to tell who's currency is tanking the fastest, the Ruble or Euro
If the Scotlanders decide to have a braveheart moment, then Sterling will be right in the mix too (at least for a while) Stering has only just recovered Tuesday's lost ground, following polls in favour of an independent Scotland.
I'm currently not allowed to say much/anything about work at the moment, I might be able to in a cpl of weeks when it hits public knowledge , it explicitly banned currently, however what I can say is that today I told the EC, the EU and ESA that I was pissed off with their s
t and to shut the fk up. Sorry its appropos of nothing but I feel the need to rant about it in reasonably vague terms somewhere of non consequence and you lot fit the bill. What a bunch of condescending arrogant bunch of fking fkwits! fk em all.
t and to shut the fk up. Sorry its appropos of nothing but I feel the need to rant about it in reasonably vague terms somewhere of non consequence and you lot fit the bill. What a bunch of condescending arrogant bunch of fking fkwits! fk em all.DJRC said:
I'm currently not allowed to say much/anything about work at the moment, I might be able to in a cpl of weeks when it hits public knowledge , it explicitly banned currently, however what I can say is that today I told the EC, the EU and ESA that I was pissed off with their st and to shut the fk up. Sorry its appropos of nothing but I feel the need to rant about it in reasonably vague terms somewhere of non consequence and you lot fit the bill. What a bunch of condescending arrogant bunch of fking fkwits! fk em all.
You appear to be a trifle vexed old chap?t and to shut the fk up. Sorry its appropos of nothing but I feel the need to rant about it in reasonably vague terms somewhere of non consequence and you lot fit the bill. What a bunch of condescending arrogant bunch of fking fkwits! fk em all.All day meeting for the program with our lords and masters in the EU. At some point someone was foolish to think they could have an hour plus rant at me and mine area of responsibility. I ended the discussion in 90seconds as I let fly. It wasn't a pretty day and I've no intention of being within spitting difference when its the next one in 3 months. I don't enjoy being pissed on by ignorant nobbers and I have a fairly intolerant nature to them. The walls at work are fairly liberally pockmarked and dented after I've thrown various things at them. I play very straight bats at work, you work your balls off, you take responsibility, you don't leave till the job is done, you display absolute loyalty to your chaps and you do the best you can do. To then be subjected to a ranting half pint French tt trying to tell you your engineering is dirty, unstructured and little more than hacked when you have spent three months resolving the hacking, sorting the crap pit and preventing the bad practice is...frustrating. So he got both northern barrels. My language probably wasn't massively professional but fk em, serves them right for dragging me off site for this crap. Did the trick though, stopped the discussion dead and they moved onto other stuff. I don't think high up bureaurocrats are used to slumming it with engineers.
t trying to tell you your engineering is dirty, unstructured and little more than hacked when you have spent three months resolving the hacking, sorting the crap pit and preventing the bad practice is...frustrating. So he got both northern barrels. My language probably wasn't massively professional but fk em, serves them right for dragging me off site for this crap. Did the trick though, stopped the discussion dead and they moved onto other stuff. I don't think high up bureaurocrats are used to slumming it with engineers.Mermaid said:
Gargamel said:
Scuffers said:
it's harder to tell who's currency is tanking the fastest, the Ruble or Euro
If the Scotlanders decide to have a braveheart moment, then Sterling will be right in the mix too (at least for a while) Stering has only just recovered Tuesday's lost ground, following polls in favour of an independent Scotland.
As Robert Peston predicts in a pretty lengthy and hard hitting article on the Beeb
(see http://www.bbc.co.uk/news/business-29063796 for the details),
this really is a pretty desperate plan for the EU and reflects the limited choices now available to Draghi and the plastic money hopers. There is simply no way that pumping money into insolvent states can resolve any of the economic problems within those states.
What when these measures fail to have the effect that Draghi and Co and the EU Leaders believe that such actions should produce.? France is in alrady in deep serious trouble and with a Socialist leader and the myopia of Socialism that this philosophy entails, the idiot Hollande and his ccronies in government can and are still throwing public money away as they have with the latest stopping of the French warships being finished for Russia. The losses caused by this latest political spat have been estimated at well in excess of £1 Billion Euros in themselves. With the Hollande approach such a sum is just a problem for the patsy's in this aka the EU taxpayer. Not a concern for Mr Hollande and his cronies all on the EU gravy train themselves. Not the slightest problem for them!
The Peston article makes a number of points one of which is that there are now no ways to minimise the seriousness of the problem facing the EU. Unless growth is rekindled successfully It is inevitable that the already failing economies in the EU will collapse. What then I wonder. Reality is staring the EU in the face.
We are about to see an attempt to recover failing economies with plastic money and lots of talking and rattling of chains. I do not think this will prove to be anywhere near sufficient. For all those reasons I think the End is Nigh for the crookery within the EU and long overdue. No doubt the politicians will continue to concentrate on lining ther own pockets. Slowly and steadily the position of the EU is sinking into the mire of their own making. I am sorry that so many EU taxpayers will be the losers in this and I regret the huge losses that the failing economies within the EU must face. But no economic system can permanently enable failing economies to be supported by lots of promises and talking and absolutely no action to address the failings of the economies concerned. That is the reality of ths situation and inevitably the truth will ought.
DJRC said:
All day meeting for the program with our lords and masters in the EU. At some point someone was foolish to think they could have an hour plus rant at me and mine area of responsibility. I ended the discussion in 90seconds as I let fly. It wasn't a pretty day and I've no intention of being within spitting difference when its the next one in 3 months. I don't enjoy being pissed on by ignorant nobbers and I have a fairly intolerant nature to them. The walls at work are fairly liberally pockmarked and dented after I've thrown various things at them. I play very straight bats at work, you work your balls off, you take responsibility, you don't leave till the job is done, you display absolute loyalty to your chaps and you do the best you can do. To then be subjected to a ranting half pint French tt trying to tell you your engineering is dirty, unstructured and little more than hacked when you have spent three months resolving the hacking, sorting the crap pit and preventing the bad practice is...frustrating. So he got both northern barrels. My language probably wasn't massively professional but fk em, serves them right for dragging me off site for this crap. Did the trick though, stopped the discussion dead and they moved onto other stuff. I don't think high up bureaurocrats are used to slumming it with engineers.
It all sounds a bit exciting to me. I do hope the pressures drop and the management wake up to the reality of the massive wate of valuable time that almost all business meetings represent. I was never a lover of meetings. I used to calculate the lost time not charged out as a result of each meeting and constantly pointed out that we had just lost anther £10,000 in the pissing about on which pencils to buy or some other twaddle. t trying to tell you your engineering is dirty, unstructured and little more than hacked when you have spent three months resolving the hacking, sorting the crap pit and preventing the bad practice is...frustrating. So he got both northern barrels. My language probably wasn't massively professional but fk em, serves them right for dragging me off site for this crap. Did the trick though, stopped the discussion dead and they moved onto other stuff. I don't think high up bureaurocrats are used to slumming it with engineers.That did seem to grate with some of the meeting gatherers but output was always my concern. Output (fees charged) was my reason for being in business. Having a chat about f
k all at £10,000 an hour struck me as bloody silly. For some reason the meeting gatherers suggested I was not a team player. My comment that I was not aware there was a team seemed to be regarded as unhelpful. (God forfend). But the 10,000 hourly loss made its mark. We had less meetings and made a lot more money. Which I liked. Business meetings are a waste of valuable resources. Hope your interfacing with the others improves. I would avoid all meetings.. I did and I never missed a thing.
Steffan,
I occasionally dip in and out of these threads and news articles - no expert on these matters but the situation looks increasingly dire.
The question is, what next ?
When (if?) the Euro does fail I guess there will be some massive costs for each country to have their own currency? Could some join together to create a "Euro Mk2" ?
As far as the EU goes, what would be the repercussions of the Euro disappearing? I can't ever see the whole idea going away, there are too many on the gravy train who will want to keep their nice cushy lifestyle. Besides, its taken years to get to this point, I can't see everyone just giving up on the idea.
To my mind, one danger is if Labour return to power next year and there is a shake up/re-organisation of the EU that we will end up becoming more involved and sign up to some crackpot schemes that ultimately will be to our detriment.
I occasionally dip in and out of these threads and news articles - no expert on these matters but the situation looks increasingly dire.
The question is, what next ?
When (if?) the Euro does fail I guess there will be some massive costs for each country to have their own currency? Could some join together to create a "Euro Mk2" ?
As far as the EU goes, what would be the repercussions of the Euro disappearing? I can't ever see the whole idea going away, there are too many on the gravy train who will want to keep their nice cushy lifestyle. Besides, its taken years to get to this point, I can't see everyone just giving up on the idea.
To my mind, one danger is if Labour return to power next year and there is a shake up/re-organisation of the EU that we will end up becoming more involved and sign up to some crackpot schemes that ultimately will be to our detriment.
Oh it gets better Steffan. This was a face to face meeting with our European master drawn from the various sites across Europe. The meeting was held in a vid conf room. You really couldn't mKe this crap up. I'd say there was 7 of us, two of whom were senior management and two more for half the day. The customer brought 9 ppl. The meeting took up 8 business hrs and if we use the traditional figure of £100/hr for engineering time and &£150 for senior management that's 4k for us engineers 2.4k for the management and 600 for the other two. That's 7k just for us. The customer is looking at a conservative figure of £7-8k not inc travel cost. All that comes from the overall project budget for which you lot are funding. Basically over 15k wasted on this one day. I'm a we contractor and even I wince a little at that!
e contractor and even I wince a little at that!DJRC said:
Oh it gets better Steffan. This was a face to face meeting with our European master drawn from the various sites across Europe. The meeting was held in a vid conf room. You really couldn't mKe this crap up. I'd say there was 7 of us, two of whom were senior management and two more for half the day. The customer brought 9 ppl. The meeting took up 8 business hrs and if we use the traditional figure of £100/hr for engineering time and &£150 for senior management that's 4k for us engineers 2.4k for the management and 600 for the other two. That's 7k just for us. The customer is looking at a conservative figure of £7-8k not inc travel cost. All that comes from the overall project budget for which you lot are funding. Basically over 15k wasted on this one day. I'm a we contractor and even I wince a little at that!
Been there, done that...... The reality of the inherent inefficencies in much of modern big business regrettably. It was the endless meeting priorities that overtook the need to get the job done that caused me to leave big business and run my own smaller ships in the way I wanted to. That was actually quite feasible at the time I was changing direction. Much more difficult now because all the professions prefer the supposedly better and safer management that multi partner firms are believed to offer. I personally think that is a nonsense but it is the way the regulators think.e contractor and even I wince a little at that!I think that, if you can, holding out with your involvement in such businesses is the most probable way to high incomes, but there does come a point where hanging on in becomes very frustrating. Up to you. As an experienced contractor you should be very much aware of the advantages of apparently structured employment moves and no one likes a butterfly in business. But in my case I was well past the small children stage and resonably solvent by then. And I had a pretty long period of stable(??)(if booring) employment at board level. Difficult choices and I wish you well.
Crafty_ said:
As far as the EU goes, what would be the repercussions of the Euro disappearing? I can't ever see the whole idea going away, there are too many on the gravy train who will want to keep their nice cushy lifestyle. Besides, its taken years to get to this point, I can't see everyone just giving up on the idea.
This is something I often wonder, if the EU ceases to be what happens to all the laws that have been drafted and implemented by the EU? Would it be prudent to start stockpiling powerful vacuum cleaners and 100 watt light bulbs in Switzerland so when the great day comes I can make a killing flogging all the stuff the EU have banned?In the end I think we'll be stuck with it in some form or other but then maybe it also depends on how messy things get.
DJRC said:
I ended the discussion in 90seconds as I let fly. It wasn't a pretty day and I've no intention of being within spitting difference when its the next one in 3 months. I don't enjoy being pissed on by ignorant nobbers and I have a fairly intolerant nature to them. The walls at work are fairly liberally pockmarked and dented after I've thrown various things at them.
Excellent. It sounds as if they know one when they see one. Will look forward to further updates.Walford said:
Crafty_ said:
e. Besides, its taken years to get to this point, I can't see everyone just giving up on the idea.
Nine years from birth in 1999 to crash in 2008d son, begat of equally suspect parentage. The project was shoehorned through the various, perfunctory checks and diligence, in very short order, to fulfill the desire for empire of the political (mostly socialist) elite. In time, it will be reflected upon as yet another example of failure for the planned economy theorists.The very real problem is, as much as no one wishes to throw the baby out with the bath water, something which is built on shaky foundations is often best demolished and re-built. Looking at things the other way around, if the EU is a f
k up, how can the people who screwed it up be the right ones to fix it? How many chances do you give people on such a magnificently important task?Digga said:
Walford said:
Crafty_ said:
e. Besides, its taken years to get to this point, I can't see everyone just giving up on the idea.
Nine years from birth in 1999 to crash in 2008d son, begat of equally suspect parentage. The project was shoehorned through the various, perfunctory checks and diligence, in very short order, to fulfill the desire for empire of the political (mostly socialist) elite. In time, it will be reflected upon as yet another example of failure for the planned economy theorists.The very real problem is, as much as no one wishes to throw the baby out with the bath water, something which is built on shaky foundations is often best demolished and re-built. Looking at things the other way around, if the EU is a f
k up, how can the people who screwed it up be the right ones to fix it? How many chances do you give people on such a magnificently important task?Gassing Station | News, Politics & Economics | Top of Page | What's New | My Stuff