Harringay, Haringey - So Good they Spelt it Twice!
The health of the Euro. Discuss.
The Euro will return to the intensive care ward by October at the latest.
Tags for Forum Posts: Euro
Replies to This Discussion
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Permalink Reply by Clive Carter on
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the Euro isn't the big topic of conversation in Germany that you and the BBC would like it to be.
I'm aware that on mainland Europe, free, wide or any discussion of the viability of the Euro is sometimes frowned on, if not censored. Even the mere contemplation of a country/countries exiting didn't occur until quite recently. This is one of the undemocratic aspects. Mainlanders may be in for some rude shocks later this year.
My guess is that the recent and second Greek bailout is the last, and behind the scenes, arrangments are being made for a more-or-less orderly withdrawal by Greece from the Euro. It may be Greece's only hope.
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Permalink Reply by Michael Anderson on
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Perhaps it would be interesting to look at the state of those countries who voted yes to the Euro and those who voted No. Can sense a lot of Wikiing for the next few hours. And Clive, it really is not helpful to fall back on Basil Fawlty opinions about the German people.
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Permalink Reply by StephenBln on
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Michael.. I didn't think you were one for such 'throw-away' comments...
No Angela Merkel is no socialist and BTW, doesn't have my support.. but she is a very adept leader of coalition governments.. During the 2008 financial crisis (caused I may say by British and AMerican banking systems) her conservative lead coalition took on the Social Democrat idea not to lay off people in the economic downturn, but to pay half their wages, rather than unemployment benefit, with the outcome that when the economy turned up, they would be in position at the workplace. That paid off handsomely and the German economy roared off again in 2010.
She also took on the decision to follow the Green Party/Social Democratic ideas of scrapping nuclear power.. because it is what the German public overwhelmingly wants.. She is a clever, wary politician, who had a career as a bio-chemist before she became a politician.. and you won't ever get her to say anything bad about Britain in public - unlike British politicians who continually spout off their mouths about the French and Germans.
In my job, I come in contact with her quite often.. In fact three times in March 2012 and as I said although I'm not a CDU supporter I understand very well how she operates.
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Billy, I think that close personal friends of the German Chancellor are uniquely placed to tell us about the healthy German economy, but I hope Stephen still finds time to say something (anything!) about the Euro.
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@BH Thanks for your advice
@Clive Carter.. like everything else you comment on, you've tried to twist what I wrote.. so here's your answer:
@both What a wonderful pair you make... let's see if things are so harmonious after the next election...
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The health of the Euro was discussed this morning on the Radio [4].
The thrust of it was, how are European banks, who recently Dysoned-up half a trillion euros of soft loan from the European Central Bank (used in large part to buy government-issued stock), going to be able to pay it back in three year's time?
One commentator used the analogy (top of thread) that the Euro is a patient now out of the intensive care ward. Former Chanellor Norman Lamont preferred the analogy of a patient in remission from a dangerous disease.
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Lamont would say that wouldn't he.. what axe has he to grind..?
No doubt he benefits from profits from some speculation by being on the board of a bank somewhere..
Are you really so gullible, not to see what is really going on here?
Speculators based in London holding the world to ransom.. responsible for speculation (gambling) on commoditys such as fuel oil and food causing hunger and higher prices all around the world.
What's worse, the London Mayor (who BTW has his fat fingers in lots of pies) and the British government supports them because otherwise you'll loose your AAA rating! It's morally outrageous and sickening!
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The Euro's a great idea, but premature. A prematurity that could be crippling.
Will Sunday mark the beginning of the end of the Eurozone in its current form?
Greece votes on their austerity package tomorrow.
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John D As your party friend Michael Heseltine noted .. the UK will 'have to' join the Euro one day too.. as apparently 'being out' of it hasn't done anything to help the UK economy which is dependant on the Eurozone for it's business.. and 'being in' hasn't harmed the majority of the economies in it either - all doing much better than the UK, which is on a par with Italy and just above Spain.
This rather silly debate .. carried on in the UK media has to do with the gamblers who prop up the London and UK economy by blackmailing UK politicians, by not taking away it's AAA rating - which it certainly doesn't deserve.
I'm glad to see that our 'morally stable' John D shows his true colours by strongly supporting speculation.. i.e. gambling on countries assets.. yet always chuntering on about betting shops and lap dancing in Harringay
The Greeks, the Spanish, the British all caused their own problems by living beyond their means .. stop!
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Stephen I've little doubt that Michael Heseltine said that (about the UK having to join the Euro one day). A lot has happened since the Euro entered circulation more than 10 years ago.
My question to you would be, *when* did he say that?
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About two weeks ago.. on your darling radio 4
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