If your money is in Euros get out now ...

[TimberWolf]

There was something in the news today about some guy saying the UK would need to print £1 trillion if the Euro collapses.

Ah, here it is:

In addition, Fathom Consulting warned a disorderly default in the eurozone would trigger a recession requiring an extra £1 trillion of additional quantitative easing in the UK to keep to inflation targets.
Eurozone ministers fail to create €1 trillion bail-out fund - Telegraph

Frying pan/fire.

[Mich the Tester]

These gyrations due to Italy vote and ministers meetings don't really signify much

They're holding bunga bunga parties in parliament now are they?

[Mich the Tester]

Okay oh wise one, get out of Euros and go where ?

Zimbabwe dollars ?

Angolan Kwanzas mate; surefire winner.

[sasguru]

If you'd followed that advice you'd already be down 0.25%.

GBP/EUR Übersicht - FTD.de Markets

I'm talking long term. These gyrations due to Italy vote and ministers meetings don't really signify much

[fullyautomatix]

Okay oh wise one, get out of Euros and go where ?

Zimbabwe dollars ?

[Mich the Tester]

Because eventually the ECB will have to "print money" i.e. buy back their own bonds
And also because the weakness of $,&, Y is already priced in.

Yeah, I think the & will be stable as from now; not sure about the $ and the Y though.

Now then , which country uses the ampersand as legal tender? I need to know what to ask for.

[Doggy Styles]

The Germans will eat their own lederhosen before it comes to that, I'm sure.

I think they do that anyway.

[BlasterBates]

If you'd followed that advice you'd already be down 0.25%.

GBP/EUR Übersicht - FTD.de Markets

[CheeseSlice]

Because eventually the ECB will have to "print money" i.e. buy back their own bonds

The Germans will eat their own lederhosen before it comes to that, I'm sure.

[sasguru]

Because eventually the ECB will have to "print money" i.e. buy back their own bonds
And also because the weakness of $,&, Y is already priced in. There's only downside for the Euro.
Even if this Italy vote goes well, people will continue to sell off Italian bonds as the weakness has been identified.
I don't think there's any going back.

[Mich the Tester]

What should I do?

Stop bulltulipting.

[MarillionFan]

Wot if one's money is tied up in land and one's debt is in euros?

WHS. Mine is in gold coins and I'm long on sledges. What should I do?

[Mich the Tester]

Wot if one's money is tied up in land and one's debt is in euros?

[Arturo Bassick]

...don't say you weren't warned.

You want to expand that?
I have quite a bit in my German account.

[sasguru]

...don't say you weren't warned.