The Euro end-game is about to happen

[DodgyAgent]

One option would be to stop protecting London (opposing the transaction tax) to the determent to the the rest of Europe. Cameron's argument is we need to protect the bankers etc, but if the Euro disintegrates the banks will be in much more trouble than a few pence per transaction. This kind of isolationist thinking just shows how stupid the tories are.

So you are saying that Britain should go it alone and make financial sacrifices without any knowledge of or gaurantees as to how the Euro states are going to behave? If Cameron agrees to stop protecting London and nothing changes then what? Why dont you sell your house and hand the money over to the Greek government.
What it will do is alert the Eurozone countries to ask Britain for even more concessions. Idiot

[d000hg]

I went and saw him speak at Eastleigh a few months ago. It was refreshing to hear a politician talk common sense for a change.

It's easy to say what you would like to do when you're never going to be asked to implement it.

[Mich the Tester]

Hmmm, I suppose this whole idea about the EU was good, but was not thought out very well. Short-term gains blurred the eyes of politicians. Who was to gain the most? Well, who had a stronger currency, when Euro was introduced? They practically devaluated their currency by switching to the Euro, thus making their exports cheaper. This is why Central-Eastern European countries where rushed into the EU, to make a larger market for these exports. Now the equilibrium moved out of balance due to the devaluation of currency or the proverbial pendulum is starting to swing back. Central-Eastern European countries are in deep debt due to excessive imports and they are not able to keep importing at the rate as before. Because of these cheep imports, their local productions either vanished or cannot compete an-mass with the exporters, they are still reliant on imports that they cannot afford anymore. This slow down in import created a recession in the entire EU. Now it is time to lend money to these countries, so they import more. At the same time it is expected that they will increase their productivity and decrease their government waste, etc. and pay back the loans. Is this realistic? Is this sustainable? I don’t think so. The value of a currency should reflect the production of a country. I cannot envisage equalization of productivity across Europe. Back to Greece, I see them having to leave the Euro currency soon. This will start the pendulum swinging back the other direction, eventually…
But, then what do I know?

I think the Euro was introduced for much more than economic reasons, but historical reasons; the idea was that by binding Germany and France ever closer into European integration, they wouldn't go to war again. The Euro was part of that strategy. I think it was possibly an OK idea 20 to 30 years ago but by the time it was introduced had become less of a good idea. As well, bringing in economies with less fiscal discipline probably wasn't a good idea. Perhaps the Euro has been overtaken by the course of history.

[russell]

So you are saying that Britain should go it alone and make financial sacrifices without any knowledge of or gaurantees as to how the Euro states are going to behave? If Cameron agrees to stop protecting London and nothing changes then what? Why dont you sell your house and hand the money over to the Greek government.
What it will do is alert the Eurozone countries to ask Britain for even more concessions. Idiot

Imagine you had a contractor you were agent for and he brought most of your income. Say he as going to quit because he couldn't pay the cost of travel and if you could just give up a few % he would stay. You say no and he quits, a few months later you go bust...idiot.

[sasguru]

One option would be to stop protecting London (opposing the transaction tax) to the determent to the the rest of Europe. Cameron's argument is we need to protect the bankers etc, but if the Euro disintegrates the banks will be in much more trouble than a few pence per transaction. This kind of isolationist thinking just shows how stupid the tories are.

No Cameron's argument is that it is silly to impose a Euro-wide tax when the other financial hubs (NY, HK, etc) don't have one.
Dodgy is right - you are an idiot.

[Doggy Styles]

I think the Euro was introduced for much more than economic reasons, but historical reasons; the idea was that by binding Germany and France ever closer into European integration, they wouldn't go to war again.

The way it's going the Euro might cause a war!

[Mich the Tester]

The way it's going the Euro might cause a war!

Well yes, I said something similar earlier about the danger of Greece and Spain becoming failed states and then a nationalist/military government picking fights with old enemies. That's why I'm pleased about the Dutch Christian Union party now openly discussing a split of northern and southern Euro; it means that moderates, as opposed to only wingnuts, are now looking at new solutions to the problems. I don't know if it's the right solution, but we can't just stumble along like we've been doing for much longer.

[russell]

No Cameron's argument is that it is silly to impose a Euro-wide tax when the other financial hubs (NY, HK, etc) don't have one.
Dodgy is right - you are an idiot.

You are right, let Europe/UK fail and go into a depression so we don't lose our competitiveness in financial markets. Are you sure you retired? Sounds more like the learning disability center you were attending closed. Least Dodgy has an excuse he is an agent and the extent of his education is hair gel brands and percentages.

[DodgyAgent]

I think the Euro was introduced for much more than economic reasons, but historical reasons; the idea was that by binding Germany and France ever closer into European integration, they wouldn't go to war again. The Euro was part of that strategy. I think it was possibly an OK idea 20 to 30 years ago but by the time it was introduced had become less of a good idea. As well, bringing in economies with less fiscal discipline probably wasn't a good idea. Perhaps the Euro has been overtaken by the course of history.

It was dreamt up by bureaucrats who wished to create a monolithic state of which they could become part of a ruling undemocratic elite. They would create and exploit this huge institution in order to feather their own nests and exert control over the people of Europe.
They disguised this movement as a means to prevent wars in the future and to be able to compete financially with Asia and the USA. It is always their intention however to create undemocratic rules and laws that would ensure the security of their own gravy trains and build institutions to become totems of their own vanity.
One only has to look at the history of financial management, corruption and performance within the EU to come to this conclusion

[DodgyAgent]

You are right, let Europe/UK fail and go into a depression so we don't lose our competitiveness in financial markets. Are you sure you retired? Sounds more like the learning disability center you were attending closed. Least Dodgy has an excuse he is an agent and the extent of his education is hair gel brands and percentages.

There is nothing that the UK can do unilaterally that would help Europe. Why would Making gestures that would harm our own economy do any good? Is this how you manage your finances? The only thing the UK can do is to get the rest of the EU to act one way or another. Disband the Euro or pool sovereignty amongst the EU states or keep bailing out economies until all the money runs out-- name me another alternative and then name an action that Britain could take that would solve the problem.