Originally posted by darmstadt
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Spain’s Long Economic Nightmare Is Finally Over
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Portugal, Spain and Ireland have received nothing since the last 5 years and are running deficits lower than the UK, even Greece can now issue bonds on the international markets.
The only currency in danger of splitting up is the pound, when Scotland leaves.
It is quite amusing reading all the doom and gloom from the British press about the Eurozone, when it is the UK that is collapsing.
I'm alright JackComment
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Originally posted by BlasterBates View PostPortugal, Spain and Ireland have received nothing since the last 5 years and are running deficits lower than the UK, even Greece can now issue bonds on the international markets.
The only currency in danger of splitting up is the pound, when Scotland leaves.
It is quite amusing reading all the doom and gloom from the British press about the Eurozone, when it is the UK that is collapsing.
First Law of Contracting: Only the strong surviveComment
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Euro = cheaper exports for Germany, whilst making Italy and Spain less competitive.
No way to go back to old currency so future is fiscal union with currency transfers from North to South.Comment
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Part of the deal of selling cheap BMWs to the Chinese is to stump up the money to the euro countries who enable you to sell so cheaplyComment
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Originally posted by BlasterBates View PostPortugal, Spain and Ireland have received nothing since the last 5 years and are running deficits lower than the UK, even Greece can now issue bonds on the international markets.
The only currency in danger of splitting up is the pound, when Scotland leaves.
It is quite amusing reading all the doom and gloom from the British press about the Eurozone, when it is the UK that is collapsing.
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Originally posted by Antman View PostEuro = cheaper exports for Germany, whilst making Italy and Spain less competitive.
No way to go back to old currency so future is fiscal union with currency transfers from North to South.Comment
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Originally posted by Antman View PostEuro = cheaper exports for every country in Europe that is in the Eurozone but more expensive for those that aren't.“Brexit is having a wee in the middle of the room at a house party because nobody is talking to you, and then complaining about the smell.”Comment
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Spain is growing faster than Germany, which kind of destroys the myth that Euro only benefits Germany. Fiscal transfers are not necessary.
The only country in Europe that will be in need of fiscal transfers will be the UK as the economy collapses.
I'm alright JackComment
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Originally posted by BlasterBates View PostSpain is growing faster than Germany, which kind of destroys the myth that Euro only benefits Germany. Fiscal transfers are not necessary.
The only country in Europe that will be in need of fiscal transfers will be the UK as the economy collapses.
Comment
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