The Euro has already failed ....

[scooterscot]

Yes. In fact I've lived up North for a time.
What's your point?

Yeah ok I'm not taking Luton here, further out still, towards the Arctic circle, leeds and Sheffield perhaps.

Even I did not appreciate how bad things have become until a recent trip through northern England, I don't see how anyone else could by relying on the media alone.

[doodab]

Britain is outside the Euro and gets loads of foreign direct investment so it's not at all clear that the currency is the cause of this, rather than having a realtively open business environment.

I'm not arguing the € is solely responsible for attracting investment in these places, but I'm convinced that it's higher than it otherwise would have been.

What is quite interesting is that the smaller eurozone countries seem to make far more outward investment than similar countries not in the euro.

The UK of course has other advantages such as a strong preexisting currency, the English language, closer ties with the US & the commonwealth, a dominant financial centre and so on. Had any of these countries had those advantages, they may well have decided not to join the €, as we did.

[sasguru]

I don't use those words so you'll have little success finding such a post. I've talked down the value of the currency, if decreasing value = broken in your world, then how can you succeed if you don't learn from mistakes?



I don't vote.

Prey do tell me what the point of the power is to control interest rates when we're powerless to use? What kind of message does that send to the investors of the world? I'd for one like to have seen interest rates increase 2 years ago, they have not and will not until my UK assets depreciate.




They have assets to sell the UK has sold all hers already. With the support of other euro members there is a real chance they shall brake out of old habits. This terrifies the Londonog establishment.





The actions of a bank are not those of a country, I would have thought that was evident by now considering the efforts that the French and the Germans have made to hold the currency together.

Our own banks were just as reckless, what is it you're trying to convince me of here? The lesser of two evils perhaps?




Yes they have plenty of assets to sell. Mistakes shall be learned from here, that much is clear.




Ah, the final fig leaf of every loosing argument. The insult. Petulance does not become you.

How so is it I wonder that from what you say that differs from how the city operates. Angelic like perhaps, by betting on the demise of impoverished states to weak to defend themselves. How noble.

If your posts were somewhat more grammatical, we may have some chance of understanding what you're trying to say. But I suppose your tortured and tortuous syntax is meerely symptomatic of the fog in your brain.

[sasguru]

Yeah ok I'm not taking Luton here, further out still, towards the Arctic circle, leeds and Sheffield perhaps.

Even I did not appreciate how bad things have become until a recent trip through northern England, I don't see how anyone else could by relying on the media alone.

And your point is?

[scooterscot]

Your implication that it is similar to the differences between regions in the UK is disingenous at best and stupid at worst, since the differences between the regions are anothing like the gross differences between Germany and Greece, say, in terms of home ownership rates, types of economy, work ethic, culture etc etc.

Lets take Greenwich and Greenock, one might say the equilibrium that exists between harmonious.

Life expectancy, 85 - 52

Average wage, £13K - £33K

Only in our warped little kingdom would we call this equilibrium.

[doodab]

Can a currency which now leaves 40% of its population disenfranchised be really said to have succeeded?

Are you making the case that Sterling and the US dollar are also abject failures

[sasguru]

Lets take Greenwich and Greenock, one might say the equilibrium that exists between harmonious.

Life expectancy, 85 - 52

Average wage, £13K - £33K

Only in our warped little kingdom would we call this equilibrium.

You keep banging on like a stuck record without saying why this is relevant.

[suityou01]

Couple of things I don't get.

1) It's a global economy, so to understand what is or might happen to the Euro we would have to look further afield than our own back yard. Shirley?

2) Russia, Iran, Chile etc have all dumped the dollar in favour of trading oil in Euros. They're not likely to do that if they thought the euro was going to collapse.

3) The global elite (Bilderberg group) had the european union as their pet project since the 1960s and are unlikely to let it fail. To bail out a country to them is pocket change, albeit I can see Greece is already dead to them.

4) It appears to me that the bankers are just using delaying tactics to defer defaults. This can't happen for ever, but you kind of wonder whether anyone actually knows what to do, and instead just keep raising debt thresholds in a vain attempt to delay the inevitable. (The US for example)

[sasguru]

Are you making the case that Sterling and the US dollar are also abject failures

In the US and the UK policies are arguably skewed in favour of the underclass since middle class savers are being hit by low interest rates and inflation.
In the Euro area, policy is being run for the rich countries to the detriment of the poorer ones.

HTH

[doodab]

I tell you what, the eurostat website is a brain eating data vortex. You can get lost for hours in there