The € Euro - how long will it last?

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Deleted member 2636

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Place your bets Ladies and Gentlemen
How much longer will the Euro last?
First Greece and then?
How much longer until Spain and Portugal join in asking for more time to pay?
Will Angela Merkel survive?
Or more to the point for the Brits, when will the Euro be valued at a sensible level?

perhaps this should be in the "rants" section - if so. mods please move
 
the pound asnt just fallen against the euro .its fallen worldwide against lots of currancies. the pound does this often .remember the 90,s lost a third over night then aswell. its the pound thats weak not others valued high.
nobody wants the pound its a good way of others looseing money .
 
I feel sorry for the expats who worked hard all their lives having sold up in the UK and moved to Europe to retire on their British pension. I know of some who have been really struggling.:( Have heard that there's been some rumblings among the French with them wanting their franc back. They certainly do not seem happy with the euro, prices have rocketed here since it was introduced.
In general we've found that prices in supermarkets are much lower in the UK.
Even when the pound was much weaker against the euro than it is now the few British products that could be bought in France still stayed at the same high level, so somebody here has been making a hell of a profit.:mad:
The pound seems to be strengthening day by day now which will hopefully help everyone coming to Europe for their hols. :)
Regards Nolly.
 
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I totally agree with the previous message, we live in France and have been struggling since the December before last. Hopefully the pound will continue to improve as it has done lately. As for the comment, it's only play money, I wish I could pay my bills with the Monopoly money we have sitting in the loft!
 
only a joke mudders ,things are looking a bit grim at the moment looks as if we are all in for a bit of a rough ride
 
the uk is at its best time in my working life . the standard of life as never been better .most families have at least one car .look at people on here m,home cars m,bikes. holidaysabroad .satelite tv you name it we have a good quality of life or do you want to go back to the industrial age. were workers were slaves etc. uk is doing ok. look around .
cheers alan.
 
your correct alan people have all this and more, trouble is most of it's not payed for :rolleyes: thing's looked good when they got it :eek: but turned sh!te as my dad said if tha can't pay for it son tha can't afford it :D
 
cant have any sympathy if people borrow and cant pay back. its their own fault. should be punished severely. i still think like your dad .never a lender or a borrower be.
trouble is today all ages have forgotten about personal responsibility. dont look after what they have and blame someone else.
i worke it out years ago .borrow 300 pay back 400 . if you save 250 you get it for cash .thats 150 saving on borrowing.
houses take some saving for but get a mortgage at the moment cheap as chips .not like 18percent it was awhile back.
people never learn.
mortgages are neccasary for most i know .but if house prices fall dont sell .if they go high dont buy. its easy .stay in control of your own money .easy.
i was born in balby lived in warmsworth as a kid must have had same upbringing.
 
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Why wait ? have it now shout the hoardings, great but somewhere along the line you have to pay and then Oh dear what can I do, I know blame everyone else, Bloody Gordon Brown etc. It would matter not if Greece still had the Dracma or Spain the Pesata, these are only words, they would still be in the pooh.::):)
 
I'd be looking a bit closer to home with the pound. Public debt in the UK is due to exceed gross domestic product within the next few years (same as USA I might add). It does not bode well for anyone with UK investments or pensions - internationally advisors have been telling investors to get out of the UKP and US$ and use the Euro and the Chinese Yuan - hence the reason why the UKP v Euro is so weak.

The countries with the serious problems are the ones which have based their economies on the domestic housing industry - Spain, Greece, UK, USA and abandoned manufacturing in favour of China. Chinese exports rose by 48% last year - almost exclusively due to the closure of manufacturing plants in the UK, EU and USA and with declining consumption in those two areas which reduced local production even further.

The polistocrats have been telling us that world free trade is good for us all - in reality its just been a way for the very rich to get a lot richer at the expense of the majority of the world's population.

Personally I like the idea of applying an additional 20% tax on bank and share trading employees (who collectively knew they were causing the problems) until they have paid back the bail outs we've paid them to keep their overpaid jobs.
 
Greek Default Seen by Almost 75% in Poll Doubtful About Trichet - Bloomberg.com

Sorry, I couldn't find the right Bloomberg reference yesterday
June 9 (Bloomberg) -- Global investors have little confidence in Europe’s efforts to contain its debt crisis or in European Central Bank President Jean-Claude Trichet, with 73 percent calling a default by Greece likely.

Only 23 percent say they expect the region’s almost $1 trillion rescue package to both keep the European monetary union together and prevent a debt default by a government, according to a quarterly poll of investors and analysts who are Bloomberg subscribers. More than 40 percent say Greece is likely to abandon the euro.

“There is clearly a risk of a breakup of the euro,” says Geoff Marson, managing director at a Guernsey subsidiary of London-based Odey Asset Management, which oversees about $6 billion.
Click to expand...

The bit that I really like is that all these "commentators" are based in the Caymen Islands or the Channel Islands - bet they'll be safe enough when it turns to rat's doo doos
 
We are linked to europe anyway so I don't think we will ever get to the days when a euro was around 65 pence. I also can't understand why our exports to europe didn't rise dramatically when the pounds value to the euro fell to almost 1 pound = 1 euro :confused:

The whole world is having problems economically & what ever happens seems to affect us all. It makes me laugh when they go on about the cost to BP for the clean up in the gulf, its US that will have to pay eventually in higher prices in BP products & loss of earnings in the share prices. :eek:

I was originally against going into europe when we did have a vote, but once in I think we should be committed to it & join fully. I would have joined the euro when it was around 65 pence, gone completely metric, started driving on the right etc. etc......... Lets have a proper european parliament that runs the whole of europe, they shouldn't have allowed all these other countries to join before they were in a position politically or economically.
 
Roger said:
I'd be looking a bit closer to home with the pound. Public debt in the UK is due to exceed gross domestic product within the next few years (same as USA I might add). It does not bode well for anyone with UK investments or pensions - internationally advisors have been telling investors to get out of the UKP and US$ and use the Euro and the Chinese Yuan - hence the reason why the UKP v Euro is so weak.

The countries with the serious problems are the ones which have based their economies on the domestic housing industry - Spain, Greece, UK, USA and abandoned manufacturing in favour of China. Chinese exports rose by 48% last year - almost exclusively due to the closure of manufacturing plants in the UK, EU and USA and with declining consumption in those two areas which reduced local production even further.

The polistocrats have been telling us that world free trade is good for us all - in reality its just been a way for the very rich to get a lot richer at the expense of the majority of the world's population.

Personally I like the idea of applying an additional 20% tax on bank and share trading employees (who collectively knew they were causing the problems) until they have paid back the bail outs we've paid them to keep their overpaid jobs.
Click to expand...

you talk a bit of sense my friend .we all know we have been living above our means buy it now, to hell with the future, the banks have caused all of this trouble .people say isent housing expensive ,it woudent be if the mortgages were harder to get like it was when we went for our 1st mortgage. and the banks must be made to pay back all those billions we the tax payer gave them as a loan to bail them out, we save the banks necks with the bail out with our money and now we must pull this country out of the crap with our money while the fat cats are sitting drinking the cream we have provided with our money while we are sat outside looking in with nowt, and now with our money we have to pay a debt we owe to ourselves(just who are we i debt to ) . we have a cobbled together government that are so called working together for our good ,they hated each others guts a few months ago. someone will make a comedy show about this in the future ,mabey the chinese will make a film then it will be dubbed into english and sold to us thus making them millions and costing us .
 
cant blame the banks for people living above their means. some of us dont live above our means and are doing quite well . personal responsibility is only the persons actions and they are to blame .would the banks have callapsed if people payetheir debts. ?of course the banks did invest in other countries and made some mistakes .but they are no worse than the people that dont pay back their debt and go bankrupt. hanging should be brought back for debters ,it may help the situation . we could use it for lots of other things as well. biut remember personal responsibility is the key. we know whats right from wrong.or should.
 
71 / 72 winter of discontent the plan was hatched break the unions how ?? DEBTmake the workin class believe they are not workin class give them morgages ,credit cards,car loans ect if their in debt they can't strike:rolleyes: and it ferkin worked it is now normal to live in debt :mad:90% of everyone foundations are built on sand:eek:anyway motorhomes loaded and fueled and on our way to ireland for 3wkish holyhead here we come good bye:eek::D:D
 
'hanging should be brought back for debters'

Was anyone ever hung for being in debt?

'They' like you to be in debt your are easier to control ;)
 
there was debtors prisons .but that doesnt stop us bringing back hanging for debtors.maybe i should have put a comma in between the hanging and for. you may be right i,m in control of my life or atleast i hope i am.
 
An interesting aside to this is the Chinese have been refusing payments made in US Treasury bonds...
 
you also have to think that nearly every chinese big company as a world partner. all the bike and car/truck companies have their fingers in china. soon be shutting the euro plants.
 
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