Cable Forum - Eurozone will collapse...

Really? I didn't know that. When I went to bed last night I was certain my wallet was full of Euros not Sterling... :D

As has been stated many times here and elsewhere in the forum, the UK will be always be affected badly by any collapse of the Eurozone but it'd be far worse if we were still in the EU at the time or had joined the Euro as so many so called 'experts' told us we should so.

We're not in the Schengen area either but the flawed ideology which led to its creation still adversely affects the UK directly and indirectly.

1andrew1

04-01-2017 11:13

Re: Eurozone will collapse...

Quote:

Originally Posted by pip08456 (Post 35879026)

So non of the expense of this corrupt, incompetent collection will land on our doorstep?

I'm not sure exactly what you mean by collection? At first I thought your feisty adjectives might be referring to Fifa. :)

Osem	31-01-2017 12:52

Re: Eurozone will collapse...

Quote:

The eurozone must break up if its members are to thrive again, according to a former European Central Bank official.

Jürgen Stark, who served on the ECB’s executive board during the financial crisis, said it was time to “think the unthinkable” and work towards a “reset” of Europe that pulled power away from Brussels.

The former vice-president of Germany’s Bundesbank said the creation of a two-speed eurozone, with France and Germany at its core, would help to ensure the smaller bloc’s survival.

We have had divergence rather than convergence in the eurozone from the very beginning.

“We have to think the unthinkable. And it is already unthinkable to think about the restart of Europe, which means we have to be creative.

But in order to be creative, you have to destruct [sic] something.”

Mr Stark said countries such as Italy, which has seen its economy stagnate since the crisis, would be better off outside the single currency area.

http://www.telegraph.co.uk/business/...-warns-former/

Mick	31-01-2017 12:57

Re: Eurozone will collapse...

Quote:

Originally Posted by Osem (Post 35883305)

http://www.telegraph.co.uk/business/...-warns-former/

As it stands and I have said this before. EU is not sustainable. There have been members of the 28 Countries, who just are not paying their fair share and there are some members just riding it through expecting other members to keep them afloat, while enjoying the so called EU benefits of being a member.

Stuart

31-01-2017 16:16

Re: Eurozone will collapse...

Quote:

Originally Posted by Chris (Post 35879048)

Indirectly, it does.

Not being entangled in the Euro has meant our economy has outperformed the EU. That has led to our budget contributions becoming relatively higher.

It's also worth noting that due to the way the money markets work, our economy may very well be affected by fluctuations in EU economies regardless of whether we are in or out of the EU.

We could profit, or we could lose.

Note: Although I voted remain, I hope our country prospers even after article 50 has been invoked, and once I looked into it, I never thought the Euro was a good thing. It required that countries tied their economies to Europe in a way I don't think is good for all of them.

Osem	31-01-2017 16:30

Re: Eurozone will collapse...

Quote:

Originally Posted by Stuart (Post 35883336)

We certainly won't be unaffected by a collapse of the Eurozone or disintegration of the EU but staying in wouldn't have prevented it. The longer they kick the can down the road, the worse the fallout will be. Better to do what the UK did and make a decision than to perennially fudge the issue and hope it goes away.

As it stands, from what I heard from a Brussels bureaucrat this morning, their plan B is more plan A... :rolleyes:

Quote:

"Rather than retreat and fracture, Europe should create a political and defence union, and unify its common market across more industries and service sectors, Mr Verhofstadt said."

http://www.telegraph.co.uk/news/2017...negotiatorguy/

Mick	16-03-2017 14:54

Re: Eurozone will collapse...

Haven't we been here before?

http://news.sky.com/story/turkey-thr...lates-10803361

Turkey Threatens to scrap refugee deal as diplomatic row escalates over Netherlands spat.

Osem	16-03-2017 15:26

Re: Eurozone will collapse...

Who'd have thought?! :rolleyes:

Just one of many massive problems facing the EU. The others haven't gone away...

Kursk

16-03-2017 16:27

Re: Eurozone will collapse...

Ah, so the 'migrant deal' is the Sword of Damocles available every time Turkey isn't happy about something. What do the EU fanboys here feel about this way of doing business?

RizzyKing

16-03-2017 17:54

Re: Eurozone will collapse...

Whenever the EU's issues are highlighted by events it's usual very vocal supporters go very quiet and aren't seen much until the next brexit disaster article appears then they reappear to tellus we'd have been better off remaining in the EU. I recently had a discussion with some business people most from the continent and was quite surprised how pessimistic they are about the EU's future but the one thing they all agreed on was that before the collapse there will be more dramatic integration tried to stave off many of the issue's.

Another thing that surprised me was how positive they were about brexit and the UK's future, i guess even though i don't buy into a lot of the pessimism in the media i did think the continent had a more uniformed negative take on brexit. Interesting times ahead with a period of both uncertainty and struggle but the more i hear people from the continent talk about the EU the more i realise that applies to both the UK and the EU.

Kursk

16-03-2017 20:08

Re: Eurozone will collapse...

There's a mutually beneficial negotiation to be struck if they want it; if they don't, everyone loses. We know it; they know it and it will happen imho.

I also think there could be a new European Union if some fundamental change is made to the existing structure.

OLD BOY

20-03-2017 13:53

Re: Eurozone will collapse...

Quote:

Originally Posted by Kursk (Post 35890359)

What the EU needs is one central Government and politicians, rather than Civil Servants, in charge.

Simples.

Osem	07-06-2017 15:13

Re: Eurozone will collapse...

Quote:

Spanish bank Banco Popular has been rescued from the brink of collapse by larger rival Santander for one euro

http://www.bbc.co.uk/news/business-40184347

I see the Spanish banking sector is in good health.

Osem	10-06-2017 16:42

Re: Eurozone will collapse...

Not looking any better in Italy either:

http://uk.reuters.com/article/us-eur...-idUKKBN18Z0Q5

Quote:

Italy's biggest banks may help Rome bail out Popolare di Vicenza and Veneto Banca to avoid being hit by costly depositor guarantees if European regulators shut them down, sources close to the matter said on Thursday.

Mick	05-08-2017 15:20

Re: Eurozone will collapse...

'On a collision course' Poland and EU closer to Polexit than EVER BEFORE, expert warns

POLAND and the European Union have locked horns in a conflict that has made a Polexit scenario closer to reality than ever before, an expert has claimed.

http://www.express.co.uk/news/world/...ave-EU-Polexit

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