Finally a banker who speaks the truth

[DodgyAgent]

SKA Inc is doing a lot of trade with EU countries in EUR currency, it would cost a lot more to deal with many separate currencies, that's the kind of real world business problem that I don't expect you to understand.

And my business also receives 50% of its revenues (albeit only £5.50) in Euros and has done for nearly 10 years. yes it is very convenient but unlike you I like to think beyond simple benefits and I would prefer to have lots of business in many different currencies than no business at all.

[MrMark]

Big events expected this week.

[AtW]

WHS - AtW _cares_ so passionately about something he can do f*** all about (and that he knows practically f*** all about)

It's quite sweet really

SKA Inc is doing a lot of trade with EU countries in EUR currency, it would cost a lot more to deal with many separate currencies, that's the kind of real world business problem that I don't expect you to understand.

[AtW]

You make me laugh AtW

My Plan B is a career in comedy shows

[MrMark]

There is now an 80pc chance that Spain will leave the Euro in the nxt 4 weeks. Remember you heard it here first!

[OwlHoot]

You make me laugh AtW

WHS - AtW _cares_ so passionately about something he can do f*** all about (and that he knows practically f*** all about)

It's quite sweet really

[Doggy Styles]

"The euro is “irreversible” and the beleaguered currency union is not in danger of collapsing, according to European Central Bank President Mario Draghi.

The central bank chief suggested that analysts who have been tracking the mounting sovereign debt crisis in Europe have been too pessimistic in forecasting worst-case scenarios for the currency and had not recognised the political will behind the eurozone. "

The euro is "irreversible" and not in danger, says Draghi - Telegraph



Training is nothing - the will is everything!

You make me laugh AtW

[AtW]

fiscal transfer from North to South.

What's that?

Euro will 100% survive, even if it loses some euro zone members (ie Greece) - that would have been desireable to make euro strongers, but those members know how tulip their life would be with their own currency so they'll never make active steps to achieve it.

So basically it won't happen. This does not mean euro exchange rate will be very strong for them - which is just as well very nice to exporting countries like Germany.

[SantaClaus]

It's Draghi's and Bernanke's job to talk down their respective currencies.

[BrilloPad]

Its not just AtW - its BB too.

The only way the Euro can survive is by fiscal transfer from North to South. And I just can't see it. The Germans, Finns etc. just will not accept it.

[BrilloPad]

FFS



Why does anyone believe the nonsense the Euro politicans trot out?

[AtW]

just because he agrees with you doesn't mean he's telling the truth

Speaking the truth is not the same as "predicting the future".

HTH

[Spacecadet]

just because he agrees with you doesn't mean he's telling the truth

[AtW]

"The euro is “irreversible” and the beleaguered currency union is not in danger of collapsing, according to European Central Bank President Mario Draghi.

The central bank chief suggested that analysts who have been tracking the mounting sovereign debt crisis in Europe have been too pessimistic in forecasting worst-case scenarios for the currency and had not recognised the political will behind the eurozone. "

The euro is "irreversible" and not in danger, says Draghi - Telegraph



Training is nothing - the will is everything!