Re: Eurozone will collapse...
Germany have done well from the Eurozone, it's kept their exports cheap for a while.
No way they'll get their money back directly. The only thing that'll rescue the Eurozone now is probably full fiscal union. That will trigger referendums and cause constitutional problems in Germany. EDIT: This does assume it's not sneaked in via the back door of course. |
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I'd say it's throwing good money after bad - if there was such a thing as 'good money' anymore. This thing is going to get seriously out of hand! |
Re: Eurozone will collapse...
From the brief reports I have read the bailout has had a cautiously optimistic reception from some economists. They seem to think it will work but at the cost (or gain) of closer fiscal ties amongst the Eurozone countries.
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My wife's just come back from Slovakia - she reports massive price inflation since she was last there just a few years ago. The false Eurocrat promise of western affluence for all has only led to prices going through the roof whilst wages stagnate...... |
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Again, My understanding is they consider this path to be the lesser of two evils. They would rather save Greece than let them fall and trigger a full blown crisis across Europe. If Greece exposed the Italian and Spanish banks, which are already on the verge, then there are more countries (such as us!) which are exposed to them and so on. At the same time they seem to be giving themselves an awful lot of power other the currency and each other's economies. One commentator said they had a choice to grow apart or enter a more closer union. They took the 2nd option. |
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As intriguing as the NOTW scandal is, I really can't understand why it's occupying so much political and media time when we're on the verge of an almighty financial crash which will have very grave consequences for us all. |
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Regardless of what happens we're being lashed to the mast, and certainly not being asked if we're happy about it.
Europe could be the issue that breaks this coalition, Cameron can only pander to the Euro-sycophant Clegg and ignore both a large swathe of his own party and a large swathe of the population for so long. As far as Clegg goes given he claims to be a Liberal Democrat he should be all in favour of a plebiscite. |
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Greece forced to abandon the Euro in favour of Paypal
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All that printing money and lending borrowed money doesn't seem to be working does it..... |
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Europe cries out for leadership and courage as global share sell-off continues.
http://www.independent.co.uk/news/wo...s-2332654.html http://www.telegraph.co.uk/finance/f...-disaster.html http://www.telegraph.co.uk/finance/f...e-to-fall.html http://www.telegraph.co.uk/finance/f...decisions.html http://www.dailymail.co.uk/news/arti...ing-again.html |
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