Euro

[AtW]

Anyone else thinks that if UK was part of the eurzone then current crysis would have been much easier to handle, or even prevent?

[sasguru]

Anyone else thinks that if UK was part of the eurzone then current crysis would have been much easier to handle, or even prevent?

No, next. Plonker.

PS. Why don't you concentrate of SKA instead of posting bollux on here?

[Pickle2]

Anyone else thinks that if UK was part of the eurzone then current crysis would have been much easier to handle, or even prevent?

I dont think being part of the euro has done spain or ireland much good in avoiding the housing bubble and the related pain and discomfort which follows.

[AtW]

I dont think being part of the euro has done spain or ireland much good in avoiding the housing bubble and the related pain and discomfort which follows.

Their currency does not fall like a rock - you also don't get some politician setting bank rates as he pleases, Europe has got far more independent bank than UK.

[snaw]

Does a strong euro necessarily help the economies of all Eurozone member countries at this time?

[sasguru]

Their currency does not fall like a rock - you also don't get some politician setting bank rates as he pleases, Europe has got far more independent bank than UK.

And that will help Spain how?

[Pickle2]

Their currency does not fall like a rock - you also don't get some politician setting bank rates as he pleases, Europe has got far more independent bank than UK.

Dont get me wrong, Id rather be in the Euro than not. I just dont think it would of stopped the mindless "investing" in houses these past few years, and the subsequent pain the ongoing unwind back 3/4 times salary multiples will cause.

[sasguru]

Looks like he's gone to look at his noddy degree notes, not being able to argue from first principles.

[Dow Jones]

Good point

The answer is obviously: NOT. The idea that Spain/Portugal/Greece/etc could previously let their currencies slide in a recession to make their products/economies more competitive vs the larger ones has escaped our resident financial genius.

[AtW]

Does a strong euro necessarily help the economies of all Eurozone member countries at this time?

Yes. They are slowly but surely becoming the reserve currency, while dollar and pounds are being flushed in the toilet. Short term issues with export will be more than offset by higher demand for euros and greater status of the eurozone - high euro means investing there will earn you some hard currency, not some junk paper.