Is the end nigh for the Euro? [vol. 3]
Discussion
loafer123 said:
It is all utterly irrelevant.
The genie is well and truly out of the bottle and whether Scotland stay or go what is left will become a federal collection of regions.
I'll be glad not to be ruled by Labour again, but it will be tough to maintain our reputation in the world during the messy transition.
Boris was right to say that Britain is 'on the verge of trashing our global name in an act of self-mutilation' The genie is well and truly out of the bottle and whether Scotland stay or go what is left will become a federal collection of regions.
I'll be glad not to be ruled by Labour again, but it will be tough to maintain our reputation in the world during the messy transition.
The yes campaign has been fought on emotion. The no campaign has not been fought at all.
I am an English UKIP member who will be very sad if Scotland vote 'Yes'.
steveT350C said:
loafer123 said:
It is all utterly irrelevant.
The genie is well and truly out of the bottle and whether Scotland stay or go what is left will become a federal collection of regions.
I'll be glad not to be ruled by Labour again, but it will be tough to maintain our reputation in the world during the messy transition.
I am an English UKIP member who will be very sad if Scotland vote 'Yes'. The genie is well and truly out of the bottle and whether Scotland stay or go what is left will become a federal collection of regions.
I'll be glad not to be ruled by Labour again, but it will be tough to maintain our reputation in the world during the messy transition.
In any event, the minimum result now will be devo-max which to my view is the absolute worst of all worlds; the Scots spend money like a mental Gordon Brown on acid and without any future sanction; the English will pick up the bill. Forever and ever amen...
Andy Zarse said:
steveT350C said:
loafer123 said:
It is all utterly irrelevant.
The genie is well and truly out of the bottle and whether Scotland stay or go what is left will become a federal collection of regions.
I'll be glad not to be ruled by Labour again, but it will be tough to maintain our reputation in the world during the messy transition.
I am an English UKIP member who will be very sad if Scotland vote 'Yes'. The genie is well and truly out of the bottle and whether Scotland stay or go what is left will become a federal collection of regions.
I'll be glad not to be ruled by Labour again, but it will be tough to maintain our reputation in the world during the messy transition.
In any event, the minimum result now will be devo-max which to my view is the absolute worst of all worlds; the Scots spend money like a mental Gordon Brown on acid and without any future sanction; the English will pick up the bill. Forever and ever amen...
Anyway, is the end nigh for the euro?
UK leaving the EU will IMHO been the catalyst for the end of the euro. Scotland leaving the UK will hasten a UK EU in/out referendum. Without the Scots vote, we will be out of the EU, so happy days.
Andy Zarse said:
steveT350C said:
loafer123 said:
It is all utterly irrelevant.
The genie is well and truly out of the bottle and whether Scotland stay or go what is left will become a federal collection of regions.
I'll be glad not to be ruled by Labour again, but it will be tough to maintain our reputation in the world during the messy transition.
I am an English UKIP member who will be very sad if Scotland vote 'Yes'. The genie is well and truly out of the bottle and whether Scotland stay or go what is left will become a federal collection of regions.
I'll be glad not to be ruled by Labour again, but it will be tough to maintain our reputation in the world during the messy transition.
In any event, the minimum result now will be devo-max which to my view is the absolute worst of all worlds; the Scots spend money like a mental Gordon Brown on acid and without any future sanction; the English will pick up the bill. Forever and ever amen...
I can see serious changes occurring to voting patterns and party loyalties. This whole business has seriously challenged the attitude and perceptive abilities of the Conservative Prime Minister and his cohorts. Since Miliband and Co have no perceptive abilities they will continue to live the dream of feathering their nests daily that is their raison d'etre in UK politics as usual making as much as they can by milking the taxpayers.
The whole nonsense has been sprung on the UK at precisely the point when there was already clear evidence that the current political systems are not offering the voters attractive choices. The rise of UKIP is clearly already threatening the Conservatives. If Cameron can make a mess like this when not under pressure, (which he has), then who will actually think he can be trusted any further in politics? With an EU Referendum for example!? That is simply unthinkable now IMO.
This is a complete disaster and the consequences of this madness are only now being understood by the electorate. As Andy Zarse says the whole game has changed. This entire decision is being restricted to less than a tenth of the electorate. A tiny fraction of those affected. The whole thing is a nonsense but it has happened. There will be serious consequences whatever the actual results. I cannot see Cameron as a credible leader in this. He has asked the question all lawyers learn early in their career never to ask unless they know the answer. Without knowing the answer. Absolutely unacceptable. Stupid man.
Andy Zarse said:
I won't be. Get it over and done with and move on.
In any event, the minimum result now will be devo-max which to my view is the absolute worst of all worlds; the Scots spend money like a mental Gordon Brown on acid and without any future sanction; the English will pick up the bill. Forever and ever amen...
Spot on. A close no will just have the feeble coalition give them even more than they get now, the Nationalists moaning ad nausem until they get another referendum and all those Scottish MP's still get to sit on their fat arses in Westminster. Like a gangrenous limb best to chop it off ASAP.In any event, the minimum result now will be devo-max which to my view is the absolute worst of all worlds; the Scots spend money like a mental Gordon Brown on acid and without any future sanction; the English will pick up the bill. Forever and ever amen...
fblm said:
Andy Zarse said:
I won't be. Get it over and done with and move on.
In any event, the minimum result now will be devo-max which to my view is the absolute worst of all worlds; the Scots spend money like a mental Gordon Brown on acid and without any future sanction; the English will pick up the bill. Forever and ever amen...
Spot on. A close no will just have the feeble coalition give them even more than they get now, the Nationalists moaning ad nausem until they get another referendum and all those Scottish MP's still get to sit on their fat arses in Westminster. Like a gangrenous limb best to chop it off ASAP.In any event, the minimum result now will be devo-max which to my view is the absolute worst of all worlds; the Scots spend money like a mental Gordon Brown on acid and without any future sanction; the English will pick up the bill. Forever and ever amen...
No, because none of is have ever figured it out. European answer was that such a thing was expected to happen in time after creating the currency. Nobody bothered to think about the "f
k up factor" which invariably makes it's appearance in any human endeavour . Welcome to the current reality - it's a bit fked.
k up factor" which invariably makes it's appearance in any human endeavour . Welcome to the current reality - it's a bit fked.DJRC said:
No, because none of is have ever figured it out. European answer was that such a thing was expected to happen in time after creating the currency. Nobody bothered to think about the "fk up factor" which invariably makes it's appearance in any human endeavour . Welcome to the current reality - it's a bit fked.
Indeed a fudged and fiddled foock up and shambles the EU was from the start. And has continued to remain a foock up. The real problem is that the gravy train this process provided in profusion has become the very lifeblood for those politicians who are able to excercise huge power without any real auditing throughout the EU. The politicians have made sure that such a massive gravy train continues to remain in place because it pays them very very well. There is no interest admitting or facing the problems within the EU From the EU leaders because the game is to make as much as possible and then retire on untouchable pensions abroad.k up factor" which invariably makes it's appearance in any human endeavour . Welcome to the current reality - it's a bit fked.This is perhaps the worst example post war of political leaders feathering their own nests. Gradually over time the reality of the fiddles are becoming apprent. Every effort is being made by the EU leaders to keep this going as long as possible. But in the end reality must dawn on the nonsense of totally insolvent systems borrowing billions from within the EU without security because these states are already wholly insolvent. Matter of time but this can only end with a huge crash and who knows what happens then? There cannot be permanence in lending money to wholly insolvent states without the means to pay either the interest therein or the capital back.
First year economics student could work that out easily. With the EU hiding the truth by printing money every week to keep this going time is being bought at a price. That price will fall upon the rest of the solvent states within the EU. There will be an almighty financial consequence. Where that will lead to is a vexed question. I find the whole process extremely sad but like so many crises absolutely fascinating. Who know what the answer is?
Chaos Steffan. See my last post in the Scottish thread. Change is now coming, it is inevitable. The silent majority of England and Wales has been pissed off and throughout history EVERY time that has happened then social and politic change has followed. Invariably chaotic. The British Union is dead, this will now impact on European politics. On this you can bet the house. For those about to say I'm biased in some way make no mistake I don't say this as will be of benefit to anybody. I think we are all a little bit more buggered than we were previously 
On a purely personal note as readers herein may already know I am off to Italy shortly until the late spring next year. Renting our property this time because we think it best. We are therefore paying a fair sum in cash to the Italian landlord because that works for both of us.
I am looking at the £/Euro exchange rates and wondering where the Scotish question will leave that mechanism by the end of this month? Would the experts on here suggest exchanging the money in the UK sooner rather than later or would the end of the month be a batter bet?
If Scotland vote yes then I think the £ will plummet. If Scotland votes No I think the confusion may cause the pound to plummet. Broadly it seems to me that the markets hate uncertainty and therefore I cannot see a good ( economically) answer. There are many individuals on here who follow these markets much more than I.
Any suggestions as to the best approach, please, chaps?
I am looking at the £/Euro exchange rates and wondering where the Scotish question will leave that mechanism by the end of this month? Would the experts on here suggest exchanging the money in the UK sooner rather than later or would the end of the month be a batter bet?
If Scotland vote yes then I think the £ will plummet. If Scotland votes No I think the confusion may cause the pound to plummet. Broadly it seems to me that the markets hate uncertainty and therefore I cannot see a good ( economically) answer. There are many individuals on here who follow these markets much more than I.
Any suggestions as to the best approach, please, chaps?
Well. I'm no expert but do dabble in FX, the euro will drop against the dollar and the pound going forward as the ECB is going in the opposite direction to both the FED and the BOE. Mario and friends want it to de value. Some say it may be at 1.20 or even parity in the next 6 months against the dollar so will probably be lower against the pound too. However the Scottish thing is a difficult one to call, the pound dropped alot against the dollar on Monday with fears of a Yes vote, but then recovered when the No's upped their game !! I think if we get a Yes on Thurdsday then short term the pound will tank.
So I would say that your best bet may be to exchange now, as even last month when I was over in France my pounds went alot further than last year, it was actually cheaper to fill up the Ferrari over in France than back here in Blighgty.!!!
So I would say that your best bet may be to exchange now, as even last month when I was over in France my pounds went alot further than last year, it was actually cheaper to fill up the Ferrari over in France than back here in Blighgty.!!!
Qwert1e said:
You couldn't make it up. A thread full of people wanting to break up the EU, and now, belatedly, realising the disaster of potentially breaking up the UK.
The only person making stuff up is you. Who on here wants to break up the EU? Not me. Not anyone else as far as I can see, and I defy you to find a post suggesting such a thing.You're also making the false supposition that the EU is a sovereign state. A very large part of the problems of the Euro currency is that it isn't. It's a typical euro fanatic trait to mistake a country for a currency block.
Qwert1e said:
You couldn't make it up. A thread full of people wanting to break up the EU, and now, belatedly, realising the disaster of potentially breaking up the UK.
You misunderstand irony then. England would probably prosper economically free of Scotland. It would be a disaster if we broke up for all the other reasons. If the EU broke up it would be a disaster socially but at an economic level nobody has a bloody clue because so much is currently fked.Latest news from Euroland suggest all is not well with the brilliant plans of Draghi and co see:
http://www.bbc.co.uk/news/business-29254589
From the principles that this article suggests and in conjunction with the reality of the French economies dire straits and the continuing steady sinking of the failing EU states I do wonder if Draghi and co can actually address the implosions of failing economies within the EUeffectively? Certainly not from the way that the non take up of Draghi's very cheap money to Banks within the Eu has been spurned and who it would seem cannot make use of this cheap money currently. The plan does seem to be failing substantially.
All too easy for deflation to force a real rollback of EU economies with soaring unemployment and falling output therein. Draghi's method doe not seem to be working to me in any way as intended. Unless Draghi can find some means of actually getting the EU banks to borrow money and lend it out in the EU to create growth thing really are not looking good. I would be interested to hear the opinions of others on this. My own view unsurprisingly is that Draghi reall has a problem and it is not going away. So what will happen now I wonder. More belt tightening in already hopelessly insolvent states? I cannot see that creating any growth nor indeed solving the fundamental problem. What else is there that coud be tried?
http://www.bbc.co.uk/news/business-29254589
From the principles that this article suggests and in conjunction with the reality of the French economies dire straits and the continuing steady sinking of the failing EU states I do wonder if Draghi and co can actually address the implosions of failing economies within the EUeffectively? Certainly not from the way that the non take up of Draghi's very cheap money to Banks within the Eu has been spurned and who it would seem cannot make use of this cheap money currently. The plan does seem to be failing substantially.
All too easy for deflation to force a real rollback of EU economies with soaring unemployment and falling output therein. Draghi's method doe not seem to be working to me in any way as intended. Unless Draghi can find some means of actually getting the EU banks to borrow money and lend it out in the EU to create growth thing really are not looking good. I would be interested to hear the opinions of others on this. My own view unsurprisingly is that Draghi reall has a problem and it is not going away. So what will happen now I wonder. More belt tightening in already hopelessly insolvent states? I cannot see that creating any growth nor indeed solving the fundamental problem. What else is there that coud be tried?
Gassing Station | News, Politics & Economics | Top of Page | What's New | My Stuff