Euro

[Sundowner]

And now, a relatively unknown player in the drama of the Euro:
Once Upon a Time In Athens: The Legend of The Riot Dog 

http://www.youtube.com/watch?v=lFd0hztEUWk

Regards,
Sun

[ozrocker]

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 dying 20 years ago 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!

Fixed
 Wherever he is, I bet he's still chasing half nude girls around                                                                                     
                                                                                                            Oz                                                                                                                                        

[33Vortex]

See Rule #14

[zack1234]

Benny Hill is dead

[Klam]

More than half of adults under 30 in Greece and Spain are unemployed with no prospects of employment.

Tragic!

It's has been a similar situation in Sunderland UK for years.  Even with Nissan manufacturing cars there.
My wife was born in Sunderland and we are often there visiting family, some of whom have no experience of local employment.
Many times we have had family stay at our house in London while looking for work.

 
 

[Sundowner]

The next domino...Spain.

Regards,
Sun

Spain Warns Market Access Being Shut

MADRID—Spain's Budget Minister Cristobal Montoro on Tuesday urged euro-zone partners to act faster to help support its enfeebled banks, saying that the government has effectively lost access to capital markets because of steep risk premiums demanded by sovereign bond investors.

In making this dramatic admission, Mr. Montoro joined recent calls by the Spanish government for direct aid from European Union institutions for Spanish banks as the government hopes to avoid a full-blown bailout package.

The matter has gained urgency after Madrid was forced into a €19 billion ($23.75 billion) rescue of lender Bankia SA.

The government's borrowing costs have surged ...
http://online.wsj.com/article/SB10001424052702303830204577448023082690142.html#articleTabs%3Darticle

“Spain is Greece times ten,” says Robert Halver with Baader Bank
http://www.youtube.com/watch?feature=player_embedded&v=5gAufgk0Me4

[Skuzzy]

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.
<snip>

Not much of what goes into the Mini is made in the UK.  About all that is done in the UK is final assembly.  The engines are made in Japan and France.  The sheet metal is stamped in Germany and Brazil.  The auto transmission is made in Japan.  The standard transmission is made in Germany.  The engine peripherals (A/C compressor, alternator, power steering...) are made all over the world. BASF of Germany supplies the paint.

Just FYI.

[RTHolmes]

sooo ... the greeks are voting today. simply the 3 options are:

 1. stay in the eurozone, abide by the rules (2 parties, 32%)
 2. leave the eurozone, default on debts and start again with the drachma (1 party, 9%)
 3. stay in the eurozone, ignore the rules, default on debts, keep spending (4 parties, 59%)

(the %s are the share of the vote at the last election in May.)


most of the parties (and I suspect the greek people) favour option 3. the problem is that the have-your-cake-and-eat-it option 3 doesnt actually exist, the choice is 1 or 2.

[nrshida]

I would like your financial analysis at the end of all this RT because I'm going there on holiday in a few weeks and need to know whether I have to pack my Vickers-Webley .455 or not. Merci. 

[zack1234]

See Rule #14

[RTHolmes]

In the UK they don't  give the proletariat the option to even discuss leaving the Euro zone because we're not in the eurozone

fixed! 

[dhyran]

Not much of what goes into the Mini is made in the UK.  About all that is done in the UK is final assembly.  The engines are made in Japan and France.  The sheet metal is stamped in Germany and Brazil.  The auto transmission is made in Japan.  The standard transmission is made in Germany.  The engine peripherals (A/C compressor, alternator, power steering...) are made all over the world. BASF of Germany supplies the paint.

Just FYI.

yes! and because of that, here is my wifes Mini with the correct style!

[zack1234]

fixed!  

Lol you know what mean capitalist


The cup holder is made in the North of England by a bloke called Stan who is from Brazil, its the only part if the mini made in UK.

[Karnak]

Kalifornia is our greece.

The Peoples Republic of Illinois is a close second

Not precisely.  Greece's problem is that tax dodging is its national past time.  California's problem is that for every $1.00 it pays in Federal taxes California only gets $0.79 back.  States like California, New York, New Jersey and Texas pay more taxes than they get so that rural states can have their highways, schools, farms and such subsidized.  I don't believe the Eurozone works like that.  German taxes stay in Germany, French taxes in France and Greek taxes, if they managed to collect them, in Greece.

http://blogs.telegraph.co.uk/finance/ianmcowie/100012894/fast-cars-and-loose-fiscal-morals-there-are-more-porsches-in-greece-than-taxpayers-declaring-50000-euro-incomes/

[zack1234]

EU money built freeways in Ireland, Greece and all the other non modern  countries in Europe