Spain’s Long Economic Nightmare Is Finally Over

[woohoo]

How much does the UK, which is pegged to a single currency, owe?

Whats your point, im talking about the Euro. My point is that money is being poured into these countries to sustain them and to sustain the Euro. Their population have had wage cuts - mostly. So the Euro is not a success. Unemployment is incredibly high.

[BlasterBates]

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.

[_V_]

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.

Both the UK and Euro land are in the tulip. Which one goes pop first is anyone's guess.

[Antman]

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.

[Antman]

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 cheaply

[woohoo]

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.

well that made me laugh, thank you.

[woohoo]

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.

Thats the only way i can see the euro surviving but i just cant see it happening.

[darmstadt]

Euro = cheaper exports for every country in Europe that is in the Eurozone but more expensive for those that aren't.

FTFY

[BlasterBates]

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.

[woohoo]

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.

Strange argument, i really hope you are not a developer because your logic is poor.