I worry for Euroland ...

[scooterscot]

How's the pound holding up against the euro?

It's not. 1.14 to £ today, yesterday 1.15.

Doomed for who?

[scooterscot]

A recession in Germany is like a Boom in the UK. Even poor old Portugal that received massive amounts of Euro Aid; majority of people seem to have a far more disposable income than the people in the UK.

Indeed. Not one iota of recession here in Munich, very much business as usual.

[AtW]

Indeed. Not one iota of recession here in Munich, very much business as usual.

Any mice in hotels?

[d000hg]

... historically they have not been as stable as we are.

Others' stability should be the least of your problems.

[scooterscot]

Any mice in hotels?

Yes every one of then, there all less than a hour from any number of ski resorts.

[TimberWolf]

It's not. 1.14 to £ today, yesterday 1.15.

Doomed for who?

Definitely not the pound, because they keep printing more. Chances are that they government will announce billions more will be printed next week too

[Arturo Bassick]

You are all missing his point!
Though he is somewhat stretching it.

The last time the mainland was in a similar financial mess led to a number of fascist (or similar) regimes coming to the fore.
These regimes are never the nicest to their citizens.

He is stretching it because it would take a monumental collapse in the individual states economies to get even close to the state they were in last time. Greece being a notable exception. There is an attitude of "never again" in most of those states which would make it difficult for such a regime to rise. Wouldnt say its impossible mind.
I am working in Southern Germany and at a push could swim across Lake Constance to neutral Swissland.

[PAH]

Definitely not the pound, because they keep printing more. Chances are that they government will announce billions more will be printed next week too

Exactly. Death by a thousand cuts. Cuts in this case due to printing and therefore weakening. No sudden collapse like the Euro may face, but disintegration on the world stage all the same.

Just got to hope other currencies follow in a race to the bottom (as part of the debt bubble deflation) otherwise we may wake up with new owners in Asia.

[Doggy Styles]

Thanks Arturo, I wondered how this got on to exchange rates and scooter's love affair with the Germans.

The thread basically asks: How totalitarian will some governments get?

There's plenty of history of it in Portugal, Italy, Greece and Spain, and they are in the worst economic condition.

While Germans seem fairly placid now, how long could it be before its people get p1ssed off with welcoming "the movement of labour", p1ssed off with their taxes paying to support the rest of the eurozone, and turn to any political party who promise to put a stop to it?

I'd have thought it's unlikely in France, who posture a lot but it's usually all hot air, or Benelux, who just do as they are told.

[Mich the Tester]

... historically they have not been as stable as we are, temperamentally, economically and politically. There is an instinctive reaching out for strong-man far-right solutions when times get hard.The next 10 years are going to be hard everywhere, but if history is to be a guide, I'd rather live in good Blighty than anywhere on the continent.

Yep, there's one such idiot riding high in the Dutch polls and he's in a supply arrangement with the minority government. Doesn't really do much though except stand in parliament shouting insults at people (usually muslims, lefties, foreigners, intellectuals or arty people) and generally behaving like a three year old. Unfortunately there's an ample supply of morons who'll vote for idiots like that.