Spain in state of total emergency

[DodgyAgent]

Well whatever I wouldn't take the hysteria in the Daily Telegrah too seriously. Their commentators have been predicting imminent Euro meltdown for the last several years:

Europe on the brink of currency crisis meltdown - Telegraph 2008

what fools they were to get it so horribly wrong when the Euro is doing so well.

[Mich the Tester]

While you were bickering, erm sorry, discussing this issue in typically rational and polite CUK fashion, there's been an interesting development here in the Netherlands. The leader of the Christian Union Party has announced that his party will commission research into splitting the euro into northern and southern variants, and said 'we're not getting anywhere now, it's time to look at alternatives'.

Why is this interesting or important? Well, the CU party isn't very big, but it is, in economic terms, one of the moderate centre parties that agreed on the budget cuts for 2013 after the collapse of the government caused by Geert Wilders throwing his toys out of the pram (or arguably caused by PM Mark Rutte idiotically thinking he could rely on Wilders). It's the first time that a euro break up has been openly discussed by one of the sensible parties whereas this was up to now an issue for the loons of the extreme left or extreme right.

This may well bring other centre parties into the discussion. I wonder what the results of this research would be, and personally I think Germany, Netherlands, Belgium and one or two others may well be more compatible than the current set up. Just please don't let France into the Northern Euro; President Hollande has just announced he's going to lower the pension age for millions of French people, just as Northern Europeans are getting used to the idea of working for longer; I don't believe France can afford that and I don't imagine Germans and cloggies taking kindly to a new currency crisis caused by Frogs who can't be bothered to work for a living.

[BlasterBates]

In 2008 it was 1.5 Euro to the £ now it's 1.25

That's a real melt down isn't it.




I wonder if the Scots will still be holding English pounds in their hand in 5-10 years time.

[sasguru]

In 2008 it was 1.5 Euro to the £ now it's 1.25

That's a real melt down isn't it.




I wonder if the Scots will still be holding English pounds in their hand in 5-10 years time.

The depth of your stupidity is truly astounding.
I'm curious about what you do for a living, can't be anything senior or anything requiring a brain..

[DodgyAgent]

In 2008 it was 1.5 Euro to the £ now it's 1.25

That's a real melt down isn't it.




I wonder if the Scots will still be holding English pounds in their hand in 5-10 years time.

You have utterly and completely missed the point. You seem to see the success of the Euro through the prism of exchange rates without showing any understanding of the fundamental problems of the EU's economy. The Euro was strong because of Germany holding its value up (or should that be Estonia?). The point which you cannot grasp is that the Euro and the £ are able to fluctuate according to the strengths of the respective countries economies. In Greece, Spain and Italy they should have had currencies that would have fallen in order to stimulate growth and put a stop to excessive borrowing.

I suggest you Google "Janet & John learn economics" and buy it

[BlasterBates]

You have utterly and completely missed the point. You seem to see the success of the Euro through the prism of exchange rates without showing any understanding of the fundamental problems of the EU's economy. The Euro was strong because of Germany holding its value up (or should that be Estonia?). The point which you cannot grasp is that the Euro and the £ are able to fluctuate according to the strengths of the respective countries economies. In Greece, Spain and Italy they should have had currencies that would have fallen in order to stimulate growth and put a stop to excessive borrowing.

I suggest you Google "Janet & John learn economics" and buy it

So why has floating exchange rates not prevented excessive borrowing in the UK. Currently the second worse deficit after Greece.

What's that saying, "people in burning houses shouldn't pour oil ...."

[oscarose]

If it truly was a Euro problem the inevitable would be a breakup of the Euro. This will not happen because it isn't a currency crisis (hyperinflation etc etc) it's a debt crisis fuelled by the Euro.

ftfy

[sasguru]

So why has floating exchange rates not prevented excessive borrowing in the UK. Currently the second worse deficit after Greece.

Before you bandy the word "deficit" around you should understand what it means.
Your low-level junior role should offer plenty of time for research if your intellect is up to to it, which I doubt.

[BlasterBates]

Before you bandy the word "deficit" around you should understand what it means.
Your low-level junior role should offer plenty of time for research if your intellect is up to to it, which I doubt.

UK has third biggest budget deficit in Europe - Telegraph

Comprendo....(doubt it).

[sasguru]

[QUOTE=BlasterBates;1553749
Comprendo....(doubt it).[/QUOTE]

You clearly don't.
So what does it mean?
Yesterday you seemed to think that it meant a rising GDP/debt ratio - and since some countries have run deficits for decades you'd expect them to be indebted up to their eyeballs.
But they're not.

Cretin.