Euro stands 20% chance of survival
Discussion
Puggit said:
How they they predict something with that precision?http://business.scotsman.com/economics/House-price...
Edited by NoelWatson on Saturday 1st January 18:43
Ozzie Osmond said:
Nonsense IMO.
At least, that's what Estonia think as they joined the Euro today. I believe there's a queue behind them too!
We should be paying careful attention in case our dinky little £ goes out of fashion....
Well quite! With economic powerhouses like that diluting the Euro further, I can't see how it can fail!At least, that's what Estonia think as they joined the Euro today. I believe there's a queue behind them too!
We should be paying careful attention in case our dinky little £ goes out of fashion....
Ozzie Osmond said:
Nonsense IMO.
At least, that's what Estonia think as they joined the Euro today. I believe there's a queue behind them too!
We should be paying careful attention in case our dinky little £ goes out of fashion....
You read some really intelligent stuff here on PH, and then you really read some utter tosh.At least, that's what Estonia think as they joined the Euro today. I believe there's a queue behind them too!
We should be paying careful attention in case our dinky little £ goes out of fashion....
The fact that Estonia has Joined the Euro has absolutely nothing to do with the discussion.
Our "dinky little pound" has done remarkably well when you consider the fact that Labour bankrupted the country, and the Conservatives are doing bugger all to fix the problem.
Don
--
The whole EU nonsense needs a serious attitude adjustmentdon4l said:
Ozzie Osmond said:
Nonsense IMO.
At least, that's what Estonia think as they joined the Euro today. I believe there's a queue behind them too!
We should be paying careful attention in case our dinky little £ goes out of fashion....
You read some really intelligent stuff here on PH, and then you really read some utter tosh.At least, that's what Estonia think as they joined the Euro today. I believe there's a queue behind them too!
We should be paying careful attention in case our dinky little £ goes out of fashion....
The fact that Estonia has Joined the Euro has absolutely nothing to do with the discussion.
Our "dinky little pound" has done remarkably well when you consider the fact that Labour bankrupted the country, and the Conservatives are doing bugger all to fix the problem.
Don
--
I dont think people realise just how dangerous labour are. Its actions like this that created the conditions for Hitler to come to power.
NoelWatson said:
Puggit said:
How they they predict something with that precision?http://business.scotsman.com/economics/House-price...
Edited by NoelWatson on Saturday 1st January 18:43
As much as 20%? Pity it's not lower. Something like that is needed to shake up the gravytraining tossers mismanaging the EU, though it's not easy to see how to apply the required Richter scale event without collateral damage. On the other hand, that particular omelette may need a few broken eggs.
The EU hasn't been mismanaged , the banks have been mismanaged , I'm sure there's a difference although I'm struggling to find it .
I work in with many eastern European people and they all come here to work to pay off their debts for building worthless houses , chevrolette cars and those all so important kitchen appliances which they been told will make their lives much easier .
Now , it seems that keeping up with the jones next door is far more important over there than here , you could well be a farmer living off the fat of the land yet still drive a brand new passat/French car on credit and a dishwater even though they don't have water supplies . I kid you not !
You know those pesky 3d tv's , it turns out that in Bulgaria they sold out 10000 units in 1 day at 3k each , even thou they have no compatible media .
The only reason where are in this mess is because if a government would have tried to intervene in the way banks lend , everyone and I mean you would have commented on bow we are turning into a nany state and we should let markets / banks regulate themselves
So the banks will be left with homes that are worthless and Germany France and the UK will have to pay for everything .
Happy New Year
I work in with many eastern European people and they all come here to work to pay off their debts for building worthless houses , chevrolette cars and those all so important kitchen appliances which they been told will make their lives much easier .
Now , it seems that keeping up with the jones next door is far more important over there than here , you could well be a farmer living off the fat of the land yet still drive a brand new passat/French car on credit and a dishwater even though they don't have water supplies . I kid you not !
You know those pesky 3d tv's , it turns out that in Bulgaria they sold out 10000 units in 1 day at 3k each , even thou they have no compatible media .
The only reason where are in this mess is because if a government would have tried to intervene in the way banks lend , everyone and I mean you would have commented on bow we are turning into a nany state and we should let markets / banks regulate themselves
So the banks will be left with homes that are worthless and Germany France and the UK will have to pay for everything .
Happy New Year
frosted said:
The EU hasn't been mismanaged , the banks have been mismanaged , I'm sure there's a difference although I'm struggling to find it .
I work in with many eastern European people and they all come here to work to pay off their debts for building worthless houses , chevrolette cars and those all so important kitchen appliances which they been told will make their lives much easier .
Now , it seems that keeping up with the jones next door is far more important over there than here , you could well be a farmer living off the fat of the land yet still drive a brand new passat/French car on credit and a dishwater even though they don't have water supplies . I kid you not !
You know those pesky 3d tv's , it turns out that in Bulgaria they sold out 10000 units in 1 day at 3k each , even thou they have no compatible media .
The only reason where are in this mess is because if a government would have tried to intervene in the way banks lend , everyone and I mean you would have commented on bow we are turning into a nany state and we should let markets / banks regulate themselves
So the banks will be left with homes that are worthless and Germany France and the UK will have to pay for everything .
Happy New Year
Could you repost this when you are sober, when it might be readable?I work in with many eastern European people and they all come here to work to pay off their debts for building worthless houses , chevrolette cars and those all so important kitchen appliances which they been told will make their lives much easier .
Now , it seems that keeping up with the jones next door is far more important over there than here , you could well be a farmer living off the fat of the land yet still drive a brand new passat/French car on credit and a dishwater even though they don't have water supplies . I kid you not !
You know those pesky 3d tv's , it turns out that in Bulgaria they sold out 10000 units in 1 day at 3k each , even thou they have no compatible media .
The only reason where are in this mess is because if a government would have tried to intervene in the way banks lend , everyone and I mean you would have commented on bow we are turning into a nany state and we should let markets / banks regulate themselves
So the banks will be left with homes that are worthless and Germany France and the UK will have to pay for everything .
Happy New Year
DSM2 said:
frosted said:
The EU hasn't been mismanaged , the banks have been mismanaged , I'm sure there's a difference although I'm struggling to find it .
I work in with many eastern European people and they all come here to work to pay off their debts for building worthless houses , chevrolette cars and those all so important kitchen appliances which they been told will make their lives much easier .
Now , it seems that keeping up with the jones next door is far more important over there than here , you could well be a farmer living off the fat of the land yet still drive a brand new passat/French car on credit and a dishwater even though they don't have water supplies . I kid you not !
You know those pesky 3d tv's , it turns out that in Bulgaria they sold out 10000 units in 1 day at 3k each , even thou they have no compatible media .
The only reason where are in this mess is because if a government would have tried to intervene in the way banks lend , everyone and I mean you would have commented on bow we are turning into a nany state and we should let markets / banks regulate themselves
So the banks will be left with homes that are worthless and Germany France and the UK will have to pay for everything .
Happy New Year
Could you repost this when you are sober, when it might be readable?I work in with many eastern European people and they all come here to work to pay off their debts for building worthless houses , chevrolette cars and those all so important kitchen appliances which they been told will make their lives much easier .
Now , it seems that keeping up with the jones next door is far more important over there than here , you could well be a farmer living off the fat of the land yet still drive a brand new passat/French car on credit and a dishwater even though they don't have water supplies . I kid you not !
You know those pesky 3d tv's , it turns out that in Bulgaria they sold out 10000 units in 1 day at 3k each , even thou they have no compatible media .
The only reason where are in this mess is because if a government would have tried to intervene in the way banks lend , everyone and I mean you would have commented on bow we are turning into a nany state and we should let markets / banks regulate themselves
So the banks will be left with homes that are worthless and Germany France and the UK will have to pay for everything .
Happy New Year
Class post!!
Of course Estonia wants into the Euro, it's now got a financial cushion the size of Germany.
The big issue is that, at some point fairly soon if the bailouts continue, bailing out of the Euro will become a vote winner in Germany. A new Mark could survive quite happily without the rest of Europe, especially if it was adopted by Austria, Luxembourg and so on. It would most likely result in the Balkanisation of currency, with one currency for every couple of countries (Ireland back on Sterling, Scandinavian Crown, new Franc for France/Belgium, Lira across the med etc.)
The big issue is that, at some point fairly soon if the bailouts continue, bailing out of the Euro will become a vote winner in Germany. A new Mark could survive quite happily without the rest of Europe, especially if it was adopted by Austria, Luxembourg and so on. It would most likely result in the Balkanisation of currency, with one currency for every couple of countries (Ireland back on Sterling, Scandinavian Crown, new Franc for France/Belgium, Lira across the med etc.)
Dave Angel said:
DSM2 said:
frosted said:
The EU hasn't been mismanaged , the banks have been mismanaged , I'm sure there's a difference although I'm struggling to find it .
I work in with many eastern European people and they all come here to work to pay off their debts for building worthless houses , chevrolette cars and those all so important kitchen appliances which they been told will make their lives much easier .
Now , it seems that keeping up with the jones next door is far more important over there than here , you could well be a farmer living off the fat of the land yet still drive a brand new passat/French car on credit and a dishwater even though they don't have water supplies . I kid you not !
You know those pesky 3d tv's , it turns out that in Bulgaria they sold out 10000 units in 1 day at 3k each , even thou they have no compatible media .
The only reason where are in this mess is because if a government would have tried to intervene in the way banks lend , everyone and I mean you would have commented on bow we are turning into a nany state and we should let markets / banks regulate themselves
So the banks will be left with homes that are worthless and Germany France and the UK will have to pay for everything .
Happy New Year
Could you repost this when you are sober, when it might be readable?I work in with many eastern European people and they all come here to work to pay off their debts for building worthless houses , chevrolette cars and those all so important kitchen appliances which they been told will make their lives much easier .
Now , it seems that keeping up with the jones next door is far more important over there than here , you could well be a farmer living off the fat of the land yet still drive a brand new passat/French car on credit and a dishwater even though they don't have water supplies . I kid you not !
You know those pesky 3d tv's , it turns out that in Bulgaria they sold out 10000 units in 1 day at 3k each , even thou they have no compatible media .
The only reason where are in this mess is because if a government would have tried to intervene in the way banks lend , everyone and I mean you would have commented on bow we are turning into a nany state and we should let markets / banks regulate themselves
So the banks will be left with homes that are worthless and Germany France and the UK will have to pay for everything .
Happy New Year
Class post!!
davepoth said:
Of course Estonia wants into the Euro, it's now got a financial cushion the size of Germany.
We await, with baited breath, a German politician who promises to "save" that country from the iniquitous obligations of the past.There'll be one waiting for the most opportune moment.
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