Reply to: Daiwa, bye bye UK, hello Frankfurt

[BlasterBates]

Of course, all this assumes that the EU stays together, despite the number of countries in the EU on the financial brink or disenchanted with it.
Portugal, France, Spain, Cyprus, Italy, Greece, Poland all in danger of collapse or calling it a day.

Has Ambrose Evans-Prichard published another article recently predicting the imminent demise of the Euro.



The imminent demise of the Euro has been predicted since almost 20 years. The breakup of the UK is far more likely.

[WTFH]

Europe != ECB....

Europe were involved in the bail out, but the bailout did not come solely and directly from the EU/ECB

[LondonManc]

Maybe because the ECB didn't exist until 1998, eh?

Europe != ECB....

[WTFH]

Funny that Europe didn't bail us out then, eh?

Maybe because the ECB didn't exist until 1998, eh?

[LondonManc]

Will history repeat itself?

Funny that Europe didn't bail us out then, eh?

[darmstadt]

Who knows? Trade partners, like the US bailing Mexico out to the tune of $25bn in 1995, the IMF bailing South Korea out with $58.4bn in 1997. That's just two bailouts that I can think of immediately.

Will history repeat itself?

The 1976 IMF Crisis was a financial crisis in the United Kingdom in 1976 which forced James Callaghan's Labour Party government to borrow $3.9 billion ($16.8 billion in 2017) from the International Monetary Fund (IMF), the largest loan ever to have been requested from the IMF.

[LondonManc]

Yeah, and if they collapse OUTSIDE OF EU, then who'll bail them out?

Who knows? Trade partners, like the US bailing Mexico out to the tune of $25bn in 1995, the IMF bailing South Korea out with $58.4bn in 1997. That's just two bailouts that I can think of immediately.

[Mordac]

Yeah, and if they collapse OUTSIDE OF EU, then who'll bail them out?

They wouldn't have to be bailed out if they weren't in the Euro - they could devalue their own currencies, as they would have done countless times previously. Any EU countries who aren't in the Euro are left to rot or fend for themselves, it is the Euro which is the problem in this scenario.

[vetran]

It’s not a bailout - it’s take over

ah so finally you understand the EU!

[AtW]

I imagine good old Vlad may come knocking with some money (and guns and tanks)

It’s not a bailout - it’s take over

[Zigenare]

I imagine good old Vlad may come knocking with some money (and guns and tanks)

What makes you think he's going to knock?

[original PM]

Yeah, and if they collapse OUTSIDE OF EU, then who'll bail them out?

I imagine good old Vlad may come knocking with some money (and guns and tanks)

[AtW]

Of course, all this assumes that the EU stays together, despite the number of countries in the EU on the financial brink or disenchanted with it.
Portugal, France, Spain, Cyprus, Italy, Greece, Poland all in danger of collapse or calling it a day.

Yeah, and if they collapse OUTSIDE OF EU, then who'll bail them out?

[original PM]

You should consider Lisbon, it has a good startup scene (hence the requisite talent), excellent tax concessions for business, nice weather (hurricane yesterday notwthstanding) and people, low cost of living.
Just got the keys to our flat there, close to the Foreign Ministry and with a view to the Tagus. Currently arranging utilities etc which is difficult at a distance.
If you want to borrow it to assess the situation (it will probably be ready from next year) let me know. Seriously.

Good job you ain't living on the streets!

[Mordac]

Just got the keys to our flat there, close to the Foreign Ministry and with a view to the Tagus. Currently arranging utilities etc which is difficult at a distance.
If you want to borrow it to assess the situation (it will probably be ready from next year) let me know. Seriously.

If it's not above a kebab shop, he won't be interested...