The Euro countries have been forced into austerity budgets, so things will calm down next year. The positive is that Greece is a pretty small part of the EU, but has brought the excessive spending to a head, without bankrupting the entire EU. If the UK gets a hung parliament it's f****ed because it'll require an austerity package similar to Greece, and there's no way British workers will accept that. In other words it's more or less doomed to bankruptcy before the politicians develop a will for an austerity package.
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Will the Euro survive the economic crisis?
Collapse
X
-
-
Originally posted by sasguru View PostAt some point the German may decide to write off the Euro (and their wasted "investments") as a bad thing and re-introduce a new currency: the Deutche Mark.
* Not in the next 1000 years.Comment
-
Originally posted by AtW View PostIt will never* happen.
* Not in the next 1000 years.
A bit like the 1000 year Reich, eh?
Poor AtW, still underestimating the power of the markets.
The Euro was a fundamentally poor idea in the first place (because it shoe-horned non-homogenous economies into the same strait-jacket) and the markets always punish poor economic ideas.Hard Brexit now!
#prayfornodealComment
-
Originally posted by BlasterBates View PostThe Euro countries have been forced into austerity budgets, so things will calm down next year. The positive is that Greece is a pretty small part of the EU, but has brought the excessive spending to a head, without bankrupting the entire EU. If the UK gets a hung parliament it's f****ed because it'll require an austerity package similar to Greece, and there's no way British workers will accept that. In other words it's more or less doomed to bankruptcy before the politicians develop a will for an austerity package.
Nonsense as usual.
Greece is so bankrupt that even if it accepts the austerity it is still likely to default.
And the bond markets are already showing their belief that both Portugal and Spain are bankrupt.
After all when's the last time you used a Greek, Portuguese or Spanish product (apart from olive oil )
The UK still has a few centres of excellence and is not in such a bad state as those 3, but the cake is too small and a natural level of unemployemnt here is about 15-20%.Hard Brexit now!
#prayfornodealComment
-
Originally posted by sasguru View PostNonsense as usual.
Greece is so bankrupt that even if it accepts the austerity it is still likely to default.
And the bond markets are already showing their belief that both Portugal and Spain are bankrupt.
After all when's the last time you used a Greek, Portuguese or Spanish product (apart from olive oil )
The UK still has a few centres of excellence and is not in such a bad state as those 3, but the cake is too small and a natural level of unemployemnt here is about 15-20%.
"We're alright Jack"
Do you honestly think the UK will sort it's finances out when everyone regularly stand to attention and sing Rule Britannia?
The pound is going down the pan, next year according to the experts.I'm alright JackComment
-
Originally posted by BlasterBates View Post?
The pound is going down the pan, next year according to the experts.
The Greeks, Spanish et al would love to have the option of devaluation.
What exports we do have will become so cheap, everyone will buy our stuff.
Cheap arms, jet engines and pharmaceuticals for everyone
Boomed!Hard Brexit now!
#prayfornodealComment
-
Originally posted by BlasterBates View PostYou've hit the nail on the head.
"We're alright Jack"
Do you honestly think the UK will sort it's finances out when everyone regularly stand to attention and sing Rule Britannia?
The pound is going down the pan, next year according to the experts.
But your good self and others forecsast that back in in the winter of 2009 - the boots on the other foot now !Comment
-
Comment
-
Originally posted by sasguru View PostLuckily I can't see the latest cretinism that the twat has responded with as he's on my ignore listAnd what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014Comment
-
EUR/USD is above it's descending trendline but not looking that bullish as it's not making higher highs and higher lows. Might be going into a consolidation... I see a resistance pivot level at about 1.4620 which could be a nice short opportunity possibly back down to the 1.4 level.
"Is someone you don't like allowed to say something you don't like? If that is the case then we have free speech."- Elon MuskComment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment