Reply to: So Greece, remember them?

[PurpleGorilla]

It does? The current PM and her negotiating team are worse than useless, they don't know what they want, they aren't agile.

Maybr not - but structurally we have a more agile structure.

[WTFH]

Oh the UK is pretty screwed too; but it has the advantage of agility.

It does? The current PM and her negotiating team are worse than useless, they don't know what they want, they aren't agile.

[PurpleGorilla]

That's no bad thing. Knee jerk reactions to big problems is the last thing anyone needs. The economic results coming out of the PIGS are proving that point.

Kippers, no more planning than a dog chasing a car has plans to drive it. Woof.

Agree - there is a happy medium - certainly fiscal autonomy enables that.

[PurpleGorilla]

Meanwhile in the UK, billions of pounds have been generated through QE, oh yeah, £450billion, or about 1/4 of what the ECB has generated.

The might of the British Empire may make you think that the UK is a powerhouse, but it isn't 1/4 of the EU.

Oh the UK is pretty screwed too; but it has the advantage of agility.

[woohoo]

Greece’s rating and been upgraded to uninvestible.

[vetran]

Good post lots of Telegraph journalists in the past preaching that Greece couldn't possible recover without leaving the Euro. In fact they preached that neither Ireland, Italy, Portugal or Spain could possible avoid leaving the Euro.

They were wrong, lets just remember that. They seem to have finally given up predicting the imminent demise of the Euro.

maybe they went to the same school as the Project Fear "experts"?

[scooterscot]

The Eurozone is extremely slow to react to challenging financial situations. It’s this lack of agility that makes it vulnerable..

That's no bad thing. Knee jerk reactions to big problems is the last thing anyone needs. The economic results coming out of the PIGS are proving that point.

Kippers, no more planning than a dog chasing a car has plans to drive it. Woof.

[shaunbhoy]

Meanwhile in the UK, billions of pounds have been generated through QE, oh yeah, £450billion, or about 1/4 of what the ECB has generated.

The might of the British Empire may make you think that the UK is a powerhouse, but it isn't 1/4 of the EU.

Brought to you, rose-tintedly, from the bridge of aforementioned sinking ship!

[WTFH]

The Eurozone is extremely slow to react to challenging financial situations. It’s this lack of agility that makes it vulnerable. Interest rates in the Eurozone are zero (and even negative), billions of euros have been generated through QE. Come the next GFC, the central bank’s Arsenal is considerably depleted. It is then, IMHO that the true resilience of the Euro will be tested. For my part I want the UK to have nothing to do with that sinking ship.

Meanwhile in the UK, billions of pounds have been generated through QE, oh yeah, £450billion, or about 1/4 of what the ECB has generated.

The might of the British Empire may make you think that the UK is a powerhouse, but it isn't 1/4 of the EU.

[NotAllThere]

This sounds like another "demise" prediction.

But does he read the Telegraph. They do use some long words.

[BlasterBates]

The Eurozone is extremely slow to react to challenging financial situations. It’s this lack of agility that makes it vulnerable. Interest rates in the Eurozone are zero (and even negative), billions of euros have been generated through QE. Come the next GFC, the central bank’s Arsenal is considerably depleted. It is then, IMHO that the true resilience of the Euro will be tested. For my part I want the UK to have nothing to do with that sinking ship.

This sounds like another "demise" prediction.

[PurpleGorilla]

Good post lots of Telegraph journalists in the past preaching that Greece couldn't possible recover without leaving the Euro. In fact they preached that neither Ireland, Italy, Portugal or Spain could possible avoid leaving the Euro.

They were wrong, lets just remember that. They seem to have finally given up predicting the imminent demise of the Euro.

The Eurozone is extremely slow to react to challenging financial situations. It’s this lack of agility that makes it vulnerable. Interest rates in the Eurozone are zero (and even negative), billions of euros have been generated through QE. Come the next GFC, the central bank’s Arsenal is considerably depleted. It is then, IMHO that the true resilience of the Euro will be tested. For my part I want the UK to have nothing to do with that sinking ship.

[BlasterBates]

Good post lots of Telegraph journalists in the past preaching that Greece couldn't possible recover without leaving the Euro. In fact they preached that neither Ireland, Italy, Portugal or Spain could possible avoid leaving the Euro.

They were wrong, lets just remember that. They seem to have finally given up predicting the imminent demise of the Euro.

[NotAllThere]

This statement is as retarded as the opening post.

But woohoo's response to the opening post was better than your brainfart. Even though I'm not entirely convinced that scoots can actually do better.

[ladymuck]

Keep meaning to book a holiday to Santorini, thanks for the reminder