So Greece, remember them?

[PurpleGorilla]

Good post lots of Telegraph journalists in the past preaching that Greece couldn't possible recover without leaving the Euro. In fact they preached that neither Ireland, Italy, Portugal or Spain could possible avoid leaving the Euro.

They were wrong, lets just remember that. They seem to have finally given up predicting the imminent demise of the Euro.

The Eurozone is extremely slow to react to challenging financial situations. It’s this lack of agility that makes it vulnerable. Interest rates in the Eurozone are zero (and even negative), billions of euros have been generated through QE. Come the next GFC, the central bank’s Arsenal is considerably depleted. It is then, IMHO that the true resilience of the Euro will be tested. For my part I want the UK to have nothing to do with that sinking ship.

[BlasterBates]

The Eurozone is extremely slow to react to challenging financial situations. It’s this lack of agility that makes it vulnerable. Interest rates in the Eurozone are zero (and even negative), billions of euros have been generated through QE. Come the next GFC, the central bank’s Arsenal is considerably depleted. It is then, IMHO that the true resilience of the Euro will be tested. For my part I want the UK to have nothing to do with that sinking ship.

This sounds like another "demise" prediction.

[NotAllThere]

This sounds like another "demise" prediction.

But does he read the Telegraph. They do use some long words.

[WTFH]

The Eurozone is extremely slow to react to challenging financial situations. It’s this lack of agility that makes it vulnerable. Interest rates in the Eurozone are zero (and even negative), billions of euros have been generated through QE. Come the next GFC, the central bank’s Arsenal is considerably depleted. It is then, IMHO that the true resilience of the Euro will be tested. For my part I want the UK to have nothing to do with that sinking ship.

Meanwhile in the UK, billions of pounds have been generated through QE, oh yeah, £450billion, or about 1/4 of what the ECB has generated.

The might of the British Empire may make you think that the UK is a powerhouse, but it isn't 1/4 of the EU.

[shaunbhoy]

Meanwhile in the UK, billions of pounds have been generated through QE, oh yeah, £450billion, or about 1/4 of what the ECB has generated.

The might of the British Empire may make you think that the UK is a powerhouse, but it isn't 1/4 of the EU.

Brought to you, rose-tintedly, from the bridge of aforementioned sinking ship!

[scooterscot]

The Eurozone is extremely slow to react to challenging financial situations. It’s this lack of agility that makes it vulnerable..

That's no bad thing. Knee jerk reactions to big problems is the last thing anyone needs. The economic results coming out of the PIGS are proving that point.

Kippers, no more planning than a dog chasing a car has plans to drive it. Woof.

[vetran]

Good post lots of Telegraph journalists in the past preaching that Greece couldn't possible recover without leaving the Euro. In fact they preached that neither Ireland, Italy, Portugal or Spain could possible avoid leaving the Euro.

They were wrong, lets just remember that. They seem to have finally given up predicting the imminent demise of the Euro.

maybe they went to the same school as the Project Fear "experts"?

[woohoo]

Greece’s rating and been upgraded to uninvestible.

[PurpleGorilla]

Meanwhile in the UK, billions of pounds have been generated through QE, oh yeah, £450billion, or about 1/4 of what the ECB has generated.

The might of the British Empire may make you think that the UK is a powerhouse, but it isn't 1/4 of the EU.

Oh the UK is pretty screwed too; but it has the advantage of agility.

[PurpleGorilla]

That's no bad thing. Knee jerk reactions to big problems is the last thing anyone needs. The economic results coming out of the PIGS are proving that point.

Kippers, no more planning than a dog chasing a car has plans to drive it. Woof.

Agree - there is a happy medium - certainly fiscal autonomy enables that.