Food for thought

[AlfredJPruffock]

The Euro will be under severe pressire over the next few months - leaving aside hte crises in Ireland and Greece- it now seems Germany is considering exiting the Euro altogether



Germany faces a terrible dilemma. Either Europe's paymaster agrees to underwrite a Greek bail-out and drops its vehement opposition to a de facto EU economic government, treasury, and debt union, or the euro will start to unravel, and with it Germany's strategic investment in the post-war order.

[AtW]

Why is this thread not in Light Relief?

It's a "My Lunch" thread in disguise!

[AlfredJPruffock]

Yes Chef - you are quite correct Sterling is set to enjoy substantial gains from the Euro over the next frew months - I envisage Sterling trading in the range of 2.00-2.15 by Mid-May.

Its a a safe bet that whatever the perceived wisdom of the CUK Economic Panel is - the exact oppostite will happen - eg Sterling due to trade at parity with the Euro - houseprices set to collapse - Stock Market set to collapse etc etc ...

[Mich the Tester]

HAB’s is better because I hate Flash.

[chef]

Compare these two graphs

EUR against GBP over 5 years

HABs graph

I'd say it's in the fear stage