Euro

[JimmyC]

HURRAH! 

[The Jekyll]

On the good side, now is a great time to vacation in Greece; unless of course you happen to be German.

[zack1234]

I like Kebabs

But not as much as pies

[33Vortex]

The Euro is doomed, the USD as well. It's just as it was designed to be. Nothing last forever and they have (soon) served their purposes.

This video is rather entertaining don't ya think? http://www.youtube.com/watch?v=Wb-MWoZKYmg

[zack1234]

I bet you €20 its not

That bloke in the video wore a pink tie , does he fly 190's

[33Vortex]

That bloke in the video wore a pink tie , does he fly 190's

Haha, well does he fly AH?

[bj229r]

I'm at a loss to understand how propping up the EU/Euro helps Germany---they seem to be carrying it on their backs?

[RTHolmes]

imagine germany gets bored of all this and leaves the eurozone. they would have to revalue their currency 50-100% higher. they wont sell many BMWs worldwide if the price goes up 50-100% ...

[zack1234]

Stop picking on the Germans RT

Its not their fault they championed the EU for years, now its gone a bit poo they have as much right to complain as Greece has

I blame Benny Hill and his comedy genius, if it was not for his total disregard for economic policy he would still be on TV today

I also blame the cast of "Are you being served?" for the same partisan manner inregards to the asaid economic woes!

[PR3D4TOR]

imagine germany gets bored of all this and leaves the eurozone. they would have to revalue their currency 50-100% higher. they wont sell many BMWs worldwide if the price goes up 50-100% ...

BMW produces about half of its total production outside of Germany. They have production facilities in Mexico, China, Russia, United Kingdom, Austria, United States, and South Africa.

[zack1234]

German capital is brought back to Germany and put in their banks, the investment money does not stay in those countries 

BMW are poo anyway over priced like the Audi's and Volkswagen's

I had a 1956 NSU Prima D it was very well made but smelled of sausage

SEC tonight its very good be there or be square

[PR3D4TOR]

Of course the capital is brought back to Germany, but they're making half their cars using labor from outside of Germany, thus the value of the German currency if Germany were to leave the Euro makes little difference to their labor costs; it's not paid in Euros or Deutschmarks anyway.

[Sundowner]

And so it continues...

Regards,
Sun

Lloyd's of London preparing for euro collapse

The chief executive of the multi-billion pound Lloyd's of London has publicly admitted that the world's leading insurance market is prepared for a collapse in the single currency and has reduced its exposure "as much as possible" to the crisis-ridden continent. ......

http://www.telegraph.co.uk/finance/financialcrisis/9292511/Lloyds-of-London-preparing-for-euro-collapse.html

[zack1234]

See Rule #14

[RTHolmes]

cant speak for the other countries mentioned but BMW's UK production is very limited indeed - small petrol engines (MINI only?) and some metalwork, they only assemble MINIs here. so the prices in the UK would rise by very nearly the revaluation of the currency.

then theres the rest of europe, whose currencies would mostly be devalued relative to the euro and would therefore be looking at more than 50-100% price rises. BMW would have to drop prices and slash margins to almost nothing to survive this, although lower costs for imported raw materials would offset it slightly. this on top of squeezed demand due to other fallout from the eurozone breaking up (no credit, higher unemployment etc etc.)

in this truly global economy events like this have knockon effects which are sometimes hard to foresee. aston martin are 50miles from me, their engines are built in cologne so their prices would go up a fair bit. on the one hand they would probably steal some sales from Merc and Porsche, on the other hand they would lose sales to ferrari ...