ECB ready to do 'whatever it takes' to preserve euro

[DodgyAgent]

It helps currency if it becomes reserve currency - this means external demand is guaranteed.

You don't understand it because nobody gives a fook about GBP in the outer world - one of our Japanese clients asked to pay in USD because their banks were charging much higher commission on GBP.

How much international trade you do anyway? Not much I guess.

50% of my revenues are in Euros - from Denmark, Italy, Germany and Poland. So the Euro is of huge benefit to my business. Unlike you I look at things in the real world and what I see is the disintegration of most of the economies of Europe because these same economies cannot declare themselves bankrupt and re stimulate their economies with a lower cost base.

[sasguru]

It helps currency if it becomes reserve currency - this means external demand is guaranteed.

You don't understand it because nobody gives a fook about GBP in the outer world - one of our Japanese clients asked to pay in USD because their banks were charging much higher commission on GBP.

How much international trade you do anyway? Not much I guess.

Ooh ark at him. You mean the business people are now managaing to do the odd trade abroad while you sort out you spaghetti code?

[AtW]

these same economies cannot declare themselves bankrupt and re stimulate their economies with a lower cost base.

So, let me get this straight - you make 50% of revenues from countries that you want to declare bankrupcy and turn your euro holdings into printed paper?

I personally think people should be responsible for their actions and so should Govts - if they borrowed money then they should repay them back: if they want to go bankrupt then they should sell off all state property rather than just tell creditors to feck off.

[sasguru]

I personally think people should be responsible for their actions and so should Govts - if they borrowed money then they should repay them back: if they want to go bankrupt then they should sell off all state property rather than just tell creditors to feck off.

And that homespun kitchen economics is why you haven't got a frigging clue.
BTW The Germans will probably save it because they have no choice, but let's not kid ourselves that the German voter will like it. As for whether its good for Germany, you've got to balance the benefits of the Euro for German exports with the fact that taxes will have to go up to pay for the bottomless pit that is a declining, lazy and ageing Europe.

[AtW]

a declining, lazy and ageing Europe.

And you are, Sir, must be a young energetic European?

[sasguru]

And you are, Sir, must be a young energetic European?

I am indeed.

[AtW]

I am indeed.

I thought you were retarded?

Oh wait retired

[DodgyAgent]

So, let me get this straight - you make 50% of revenues from countries that you want to declare bankrupcy and turn your euro holdings into printed paper?

I personally think people should be responsible for their actions and so should Govts - if they borrowed money then they should repay them back: if they want to go bankrupt then they should sell off all state property rather than just tell creditors to feck off.

We dont all live in your nice manicured little world where everyone bows to the rules set out by the ruling parties do we?

The reality (that your binary rules dictated mind would not begin to understand) is that the sheer complexity of the economics and politics behind the Euro make it impossible to establish who is breaking what rules. So rather than unravel it all and get everyone paying back their borrowings let them go bust. The upside is that creditors in the future will know better than to support another grandiose common currency scheme.

[sasguru]

I thought you were retarded?

Oh wait retired

Since you won "Personality of the Year", your feeble attempts to be funny have shown up the uselessness of the award.

HTH

[sasguru]

We dont all live in your nice manicured little world where everyone bows to the rules set .

He lacks the imagination and intelligence even to stop being a Soviet.
Reminds me of most East Europeans I've met who've lived under communism, it's as if their upbringing has permanently damaged their thought processes.