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Daiwa, bye bye UK, hello Frankfurt

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  • BlasterBates
    replied
    Originally posted by LondonManc View Post
    Of course, all this assumes that the EU stays together, despite the number of countries in the EU on the financial brink or disenchanted with it.
    Portugal, France, Spain, Cyprus, Italy, Greece, Poland all in danger of collapse or calling it a day.
    Has Ambrose Evans-Prichard published another article recently predicting the imminent demise of the Euro.



    The imminent demise of the Euro has been predicted since almost 20 years. The breakup of the UK is far more likely.

    Leave a comment:


  • WTFH
    replied
    Originally posted by LondonManc View Post
    Europe != ECB....
    Europe were involved in the bail out, but the bailout did not come solely and directly from the EU/ECB

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  • LondonManc
    replied
    Originally posted by WTFH View Post
    Maybe because the ECB didn't exist until 1998, eh?
    Europe != ECB....

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  • WTFH
    replied
    Originally posted by LondonManc View Post
    Funny that Europe didn't bail us out then, eh?

    Maybe because the ECB didn't exist until 1998, eh?

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  • LondonManc
    replied
    Originally posted by darmstadt View Post
    Will history repeat itself?
    Funny that Europe didn't bail us out then, eh?

    Leave a comment:


  • darmstadt
    replied
    Originally posted by LondonManc View Post
    Who knows? Trade partners, like the US bailing Mexico out to the tune of $25bn in 1995, the IMF bailing South Korea out with $58.4bn in 1997. That's just two bailouts that I can think of immediately.
    Will history repeat itself?

    The 1976 IMF Crisis was a financial crisis in the United Kingdom in 1976 which forced James Callaghan's Labour Party government to borrow $3.9 billion ($16.8 billion in 2017) from the International Monetary Fund (IMF), the largest loan ever to have been requested from the IMF.

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  • LondonManc
    replied
    Originally posted by AtW View Post
    Yeah, and if they collapse OUTSIDE OF EU, then who'll bail them out?
    Who knows? Trade partners, like the US bailing Mexico out to the tune of $25bn in 1995, the IMF bailing South Korea out with $58.4bn in 1997. That's just two bailouts that I can think of immediately.

    Leave a comment:


  • Mordac
    replied
    Originally posted by AtW View Post
    Yeah, and if they collapse OUTSIDE OF EU, then who'll bail them out?
    They wouldn't have to be bailed out if they weren't in the Euro - they could devalue their own currencies, as they would have done countless times previously. Any EU countries who aren't in the Euro are left to rot or fend for themselves, it is the Euro which is the problem in this scenario.

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  • vetran
    replied
    Originally posted by AtW View Post
    It’s not a bailout - it’s take over

    ah so finally you understand the EU!

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  • AtW
    replied
    Originally posted by original PM View Post
    I imagine good old Vlad may come knocking with some money (and guns and tanks)
    It’s not a bailout - it’s take over

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