So was the 2nd World War all for nothing?

[AtW]

It's quiet pathetic that argument against euro totally switched from supposed economic disadvantages into area of complete and utter BS.

I remember at the time people were saying how bad it is not to be able to change rates, yet ECB did the job not far off what BOE did, the main difference is that reserve currency like euro has got some inherent demand so their inflation is 3% vs 4.8% in UK.

And now it's somehow undemocratic to expect that euro zone countries follow through the deal which has already been in place - limited budget deficit, enforced if necessary. If it wasn't for "democratically elected representatives" in relevant countries who incresed their debts to the crippling point then it would not be necessary to enforce budgetary discipline.

[AtW]

So what if the Greeks, Spaniards and Italians get together to borrow like mad and the Germans vetoed them would that be undemocratic?

Interstate treaty is like contract - binding so it should be followed. All this democracy talk is BS - so long as your beloved democratically elected representatives that you trust so much accepted the treaty then it's ok, right?

If some treat helped stop some populist Govt like Nu Liebor to run up debts on country's chequebook then I think it's great way to keep control over those "democratically elected representatives" in Westminster.

Maybe after they realise they can't bribe electorate with debt paid by future generations then they'll start creating conditions in country that favour long term investment.

[sasguru]

If the Euro is so bad why is Germany powering along with higher growth rates, lower unemployment and a balanced budget?

Why is Holland powering along with higher growth rates, lower unemployment and a balanced budget?

Why is Luxembourg.......ok I could go on and on and on....

I think you'll find most bankrupt Eurozone countries recovering in 2013, once they've been through the "wringer".

Because, as has been explained several times, fiscal and monetary policy for the Euro was run from the start for the benefit of these countries and to the detriment of the Med ones.
That is why the single currency was obviously a crap idea except to the arrogant Euro elite.

And how do you expect the bankrupt countries to recover enough to pay their debts when their economies are contracting?

You really are a complete and utter thicko.

[DodgyAgent]

It's quiet pathetic that argument against euro totally switched from supposed economic disadvantages into area of complete and utter BS.

I remember at the time people were saying how bad it is not to be able to change rates, yet ECB did the job not far off what BOE did, the main difference is that reserve currency like euro has got some inherent demand so their inflation is 3% vs 4.8% in UK.

And now it's somehow undemocratic to expect that euro zone countries follow through the deal which has already been in place - limited budget deficit, enforced if necessary. If it wasn't for "democratically elected representatives" in relevant countries who incresed their debts to the crippling point then it would not be necessary to enforce budgetary discipline.

[doodab]

If the Euro is so bad why is Germany powering along with higher growth rates, lower unemployment and a balanced budget?

Why is Holland powering along with higher growth rates, lower unemployment and a balanced budget?

Why is Luxembourg.......ok I could go on and on and on....

For much the same reasons that London and the south east is looking fairly healthy and the north east not so much.

[AtW]

Apologies, I forgot that your knowledge of economics is very limited...

[sasguru]

Interstate treaty is like contract - binding so it should be followed. All this democracy talk is BS - so long as your beloved democratically elected representatives that you trust so much accepted the treaty then it's ok, right?

If some treat helped stop some populist Govt like Nu Liebor to run up debts on country's chequebook then I think it's great way to keep control over those "democratically elected representatives" in Westminster.

Spoken like a true Soviet. But then the Russians have always failed to understand or implement democracy, probably because it's in the Russian psyche to reach for a father figure/Tsar in times of trouble.

[AtW]

For much the same reasons that London and the south east is looking fairly healthy and the north east not so much.

How is London looking healthy?

Overpriced very small housing.

Expensive crowded transport.

Large multinationals moving to other countries with more favourable tax systems.

Birmingham on the other hand is on way up - the main reason HS2 is going to be build is to allow wealthy Brummies visit galleries in London and take fast train back hope to avoid being ripped off in London hotels

[DodgyAgent]

Apologies, I forgot that your knowledge of economics is very limited...

If you call that rambling incoherent drivel economics then yes.

[AtW]

Spoken like a true Soviet. But then the Russians have always failed to understand or implement democracy, probably because it's in the Russian psyche to reach for a father figure/Tsar in times of trouble.

They probably forgot to teach you that the Queen is the Head of State in this country