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Author Topic: Euro  (Read 3984 times)

Offline JimmyC

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Re: Euro
« Reply #45 on: May 25, 2012, 12:31:26 PM »
Roll up roll up roll up
cheap European holidays for sale..
get em while its hot
roll up roll up roll up
we got culture..good food..beaches and "beeches"
get em while there hot
Form an orderly que por favor...
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Offline leitwolf

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Re: Euro
« Reply #46 on: May 25, 2012, 01:39:46 PM »
Quote from: Gh0stFT on May 24, 2012, 04:54:20 PM
"almost everything, without the fall of the USSR and the freedom of east germany the euro project may never have happened. it certainly forced the deal."
LOL
Gh0stFT, you realize that he is right .. right? One of the many deals that were made to re-unite Germany was to have a common european currency. It was a French pet idea at the time (Mitterand and Delors) but it dates back a lot farther. Without saying "Ja" to what would become the Euro, there would have been a "Non" to reunification.

There is a bit of an irony here that the Euro was supposed to chain Germany into the EU but it looks more like the rest of the EU is tied up to Germany now with little air to breathe. Putting wheel clamps on a Tank. :D

Something is going to give, and I suspect it will be Germany (and the richer countries of the EU). They will pay up, at least for the PIIS - without the G. Greece seems to be out of control now.. or if what they do is actually intentional they are screwing with the rest of the countries which are genuinely trying. That would be unfair and if true, they should get the boot.
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Offline Shuffler

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Re: Euro
« Reply #47 on: May 25, 2012, 01:40:12 PM »
Quote from: PR3D4TOR on May 25, 2012, 11:58:49 AM
The U.S. is a federation of (in theory at least) sovereign states. The EU doesn't have a strong federal government (yet), but California and Alaska are as different as Italy and Finland, both in culture and economic performance. The average household income in Maryland is twice that of Mississippi.

Kalifornia is our greece.
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Offline PFactorDave

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Re: Euro
« Reply #48 on: May 25, 2012, 01:53:23 PM »
Quote from: Shuffler on May 25, 2012, 01:40:12 PM
Kalifornia is our greece.

The Peoples Republic of Illinois is a close second
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Offline Klam

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Re: Euro
« Reply #49 on: May 25, 2012, 02:43:33 PM »
I read somewhere that in 2008, when Greece introduced the austerity measures recommended to it by the more affluent EU states, ECB, IMF and all the rest.  At that time it was carrying debts of approx 110% of GDP.
After a few years of cutting  back on services, forced redundancies and restructuring, it is now 160% of GDP

The Greek people have basically said "Bollocks" to this, kicked out the former government and turned their backs on the debt.

Can't say I blame them.

What happens now to that silly idea of a single currency is anyones guess.
The analogy I think of is; What happens to all the lovely, different coloured plasticine when you mix it together?
It turns to toejam brown.     
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Offline rogwar

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Re: Euro
« Reply #50 on: May 25, 2012, 03:03:33 PM »
Several years ago, I predicted the Euro would be at its peak 8 months in advance of its all time high of around 1.6 exchange. I was able to do this by planning a 2 week family vacation to Spain during that time period.  :ahand

It's an awesome power I have. For example I can wipe out any company just by buying some of their stock.
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Offline Shuffler

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Re: Euro
« Reply #51 on: May 25, 2012, 03:31:05 PM »
Quote from: rogwar on May 25, 2012, 03:03:33 PM
It's an awesome power I have. For example I can wipe out any company just by buying some of their stock.

 :rofl
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Offline RTHolmes

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Re: Euro
« Reply #52 on: May 25, 2012, 05:38:12 PM »
I reckon Spain illustrates the fundamental flaws in the eurozone concept best, and they have my full sympathy.

they did almost everything right - they didnt cook the books to join up, fiscal responsibility with about the best balanced budget in the EU, monetary prudence ... and they still got screwed.

the only thing they didnt get right was not getting on top of a runaway boom based, not on innovation and exports, but on a housing bubble and the consequent wage inflation. but they share this with almost every other economy in the EU and the west.



edit: spooky, just checked the bbc website and one of spains biggest banks got delisted this morning ...
« Last Edit: May 25, 2012, 05:44:26 PM by RTHolmes »
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Offline Raphael

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Re: Euro
« Reply #53 on: May 25, 2012, 06:13:55 PM »
 :P
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Offline Rolex

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Re: Euro
« Reply #54 on: May 25, 2012, 09:12:55 PM »
More than half of adults under 30 in Greece and Spain are unemployed with no prospects of employment.

That outlook carries weight when analyzing the future of both countries to finance bonds or funding. It's a bleak outlook.
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Offline Raphael

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Re: Euro
« Reply #55 on: May 25, 2012, 11:00:44 PM »
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Offline zack1234

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Re: Euro
« Reply #56 on: May 26, 2012, 03:56:32 AM »
See Rule #14
« Last Edit: June 05, 2012, 01:33:16 PM by Skuzzy »
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Offline Rash

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Re: Euro
« Reply #57 on: May 26, 2012, 07:09:47 AM »
Deutschmark and the Dollar.  Who is third?  Chinese.  Right behind them is the Japanese.  Japan has been in a death spiral for 20 years.  Whom will be the next?
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Offline Rash

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Re: Euro
« Reply #58 on: May 26, 2012, 07:20:07 AM »
China owns about a trillion of US debt, and Japan is right behind them.  The public of the USA owns 5 trillion.
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Offline zack1234

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Re: Euro
« Reply #59 on: May 26, 2012, 10:08:17 AM »
Quote from: Rash on May 26, 2012, 07:20:07 AM
China owns about a trillion of US debt, and Japan is right behind them.  The public of the USA owns 5 trillion.

Who has invested in China's manfucturing :rofl :rofl :rofl :rofl :rofl :rofl

Western investment companies :rofl :rofl :rofl :rofl

Pies are the future :)
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