chris27292729: Testing time for the Euro,but it will survive.-
Much has been said about Greece, but if Europe has to hold Spain and other countries with problems will be like swimming with a ton of lead on the back.
I´m not sure about the survival of the euro, but I prefer to believe you.
Germany copped a downgrade yesterday , still a steady decline in europe , and yours and every other leader partys up large , hamstrung by their own stupidity , arabs are not the only ones who can have springs . The riots in England ,France ......are a symptom of mismanagement .
chris27292729: If the Euro recovers,will be the end of the $$$$
I guess I should buy more gold and silver then! Well, regardless, I'm hoping the euro recovers. After all, wasn't a primary reason for it to give the usd $$$ more competition?
granuaile: I reckon the Euro will survive in all of the Euro countries. There is too much to lose if even one country pulls out.
Like what? If Greece and Spain pull out they will become the winners, Germany the loser.The Euro was doomed from day one as Europe is to misaligned financially for a single currency If the EU breaks up who will lose? Germany, but the rest will gain, those countries will set their own interest rates etc, they will still buy and sell from each other, but also from other countries, that has to be a good thing. IMO
The Euro will fall sooner than later, It was conceived by the mega wealthy to make poorer countries poorer, very similar to Barclay's scenario, It was all a pipe dream, but while they had us sharing the dream they we not sharing the wealth,
They all know it will fail but while it is failing huge amounts of money are being transferred daily and the Banks making on every transaction.
The fine issued to Barclay's recently was in the billions, it was also recovered within 15 mins of their world wide branches trading on a normal business day !
A fair and even playground is not in these peoples vocabulary.
Only really 2 options here. 1. A federalised Euro zone so exchange rates can be adjusted the same way a country can do with its own currency. 2. The Euro is got rid of all together and we go back to single state ecconomies and control our own exchange rates. I suspect the latter will be the case as all nations have different ways of doing things. We can't expect Germany to be the same as Italy and Italy to be the same as Greece and Greece to be the same as Spain and Ireland.
granuaile: Germany have way too much to lose, they wont let it happen, they can't afford to.
I think it's just occurred to Frau Merkle that not even she is now in control of this. I suspect more money is actually lent out in the world than actually exists. How can one nation shoulder every other nation. Am I the only one who sees the impossibility of the situation. Masses of debts will need to be written off. Until lenders accept this, none of us are going anywhere.
Godsgift: I think it's just occurred to Frau Merkle that not even she is now in control of this. I suspect more money is actually lent out in the world than actually exists. How can one nation shoulder every other nation. Am I the only one who sees the impossibility of the situation. Masses of debts will need to be written off. Until lenders accept this, none of us are going anywhere.
I agree with you about the debts need to be written off, or some kind or reasonable agreements made between countries, but I still can't see Germany allowing any country to leave the euro zone, they have way too much to lose and the Germans don't go down with out a fight.
Boban1: why would that be the end of the Dollar???
With the introduction of Euro, the $ lost ground as an international currency, for example,Arab countries demanded payments in Euro, not in dollars.My feelings is,the Euro and the Chinise currency (wuon??) will dominate the world markets.-JMO
chris27292729: With the introduction of Euro, the $ lost ground as an international currency, for example,Arab countries demanded payments in Euro, not in dollars.My feelings is,the Euro and the Chinise currency (wuon??) will dominate the world markets.-JMO
Iran led that charge and not for fiscal reasons . They were only to keen to return to the dollar a little while back when the E looked like it might collasp . Der feds were supporting the E with cheap interest loans 2-3 months back , where the feds got the money , one could only guess , but me thinks a printing press had something to do with it .
epirb: Germany copped a downgrade yesterday , still a steady decline in europe , and yours and every other leader partys up large , hamstrung by their own stupidity , arabs are not the only ones who can have springs . The riots in England ,France ......are a symptom of mismanagement .
Rioting is done by scumbags who can barely even spell the word "recession". As regards the euro it's hard to know what will happen to it.
AlbertaghostCultural Wasteland, Alberta Canada5,914 posts
GalwayGuy35: Rioting is done by scumbags who can barely even spell the word "recession". As regards the euro it's hard to know what will happen to it.
They had idiots here protesting lack of jobs when thirty miles away eighty grand a year jobs went vacant. Methinks laziness and stupidity is at the core led by Marxism at the helm.
The Euro was a stupid idea from the outset. It cannot work and must inevitably fail. Greece, Italy, Spain and Portugal will soon either withdraw from the Euro or be expelled. Germany will wake up to itself and return to its own currency.
AlbertaghostCultural Wasteland, Alberta Canada5,914 posts
Carl96190: The Euro was a stupid idea from the outset. It cannot work and must inevitably fail. Greece, Italy, Spain and Portugal will soon either withdraw from the Euro or be expelled. Germany will wake up to itself and return to its own currency.
Won't happen. Too many people like myself have Belgian Francs and such as mementos of their trips to US liberated and rebuilt nations. If their own currency become legal tender again we'll bankrupt those nations when we turn them in in order to use the money to buy cheap Chinese t shirts and lamp shades.
How happy the English are they did not join into the Euro mess. They have to be just twittering in their tea. As the pound stands solid and the Euro nose dives.
But still whether the Pound or Euro or Dollar, it is the debt rung up by a country that weakens its value. Unless you have high GNP, you cannot run up high debt.
But I see the Euro surviving with fewer members.....as Spain, Italy, Portugal, and Greece return to national currencies.
ttom500: How happy the English are they did not join into the Euro mess. They have to be just twittering in their tea. As the pound stands solid and the Euro nose dives.
But still whether the Pound or Euro or Dollar, it is the debt rung up by a country that weakens its value. Unless you have high GNP, you cannot run up high debt.
But I see the Euro surviving with fewer members.....as Spain, Italy, Portugal, and Greece return to national currencies.
If those countries opted out then it would lead to a collapse of the curency, they will do everything possible to avoid such a scenario.
I think that there will be another statement for Europe and its money.. from what i see, we cant continue this way that is an infernal spiral. The biggest error was to make us all accept the treaty of Maastricht, that was very complicated and no one has really understood in the moment of the vote, especially about its f€ consequences. That was very bad to start it so fast with a common money when certain countries were not ready for a real liberal economy, and still are not years after. So the only digne way out for such a marasm will be to build a new definition of Europe.. I think of a big Confederation of the States, but each country will be more free of its choices and will contribute to a REAL egality of rights and duties, i mean those that can't follow the rythm will leave.. and yes .. euro will finally be left thats an evidence.. that was a bad creation at a very very bad moment.. and no one cared really.. Now its too late to complain, we just have to find the right way to the door..
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FUTURE OF THE EURO(Vote Below)