Cable Forum - Eurozone will collapse...

But we should stay in, of course, because if we don't, all those buoyant EU economies will refuse to let us buy their products and millions of UK jobs will be lost blah blah blah...

Ignitionnet

18-01-2015 22:05

Re: Eurozone will collapse...

Quote:

Originally Posted by heero_yuy (Post 35753437)

Guaranteed the UK will be shafted by the EU.

Yes, indirectly.

QE is being done to weaken the Euro in an attempt to reduce imports and increase exports. Alongside this they are trying to export their deflation to those whose goods they import.

Guess which currency area the UK's single largest export market is? :)

This is the second shot in a new currency war. The first shot was fired by the Swiss when they knew what was coming.

heero_yuy

20-01-2015 10:26

Re: Eurozone will collapse...

Quote:

The euro’s next crisis:
Why an early election spells big dangers for Greece—and for the euro

Story link

Osem	20-01-2015 10:50

Re: Eurozone will collapse...

Don't worry. It'll all be OK. As we know, from the succession of establishment politicians and expert nest featherers who've told us that the EU is a panacea for Europe's ills, membership of the club will guarantee peace and prosperity for all who care to join. Simples!

Does anyone really think that these people are so completely out of touch with reality that they'd spend decades single-mindedly pursuing a flawed concept and refusing to see the warning signs if something were truly and substantially wrong?

Nope, I'm sleeping sound, secure in the certainty that they know what they're doing and aren't at all a bunch of inept, blinkered and self serving ideologues who'd continue to proceed full steam ahead over the edge of a precipice...

:rolleyes:

heero_yuy

20-01-2015 11:03

Re: Eurozone will collapse...

Quote:

Originally Posted by Ignitionnet (Post 35753509)

Guess which currency area the UK's single largest export market is? :)

Quote:

Some 15 per cent of our economy depends on sales to the EU, a further 15 per cent on sales to the rest of the world, and 70 per cent on the home market. Yet, for the sake of having a minority say in the rules of the EU, which accounts for 15 per cent of our economy, we apply the full burden of Brussels regulations to 100 per cent of our businesses.

Quote:

This is the second shot in a new currency war. The first shot was fired by the Swiss when they knew what was coming.

Quote:

No wonder the Swiss prefer a free trade agreement : while they sell, proportionately, far more to the EU than we do, they recognise that remaining outside the Brussels regulatory framework gives them a competitive advantage.

Source for quotes

And don't forget the positive distortion in EU trade figures by the Rotterdam Effect.

Quote:

Rotterdam Effect: many British exports to non-EU markets are shipped through Antwerp and Rotterdam, thus showing up in the figures as exports to the EU.

Osem	25-01-2015 18:16

Re: Eurozone will collapse...

Quote:

Exit polls suggest a historic victory for the anti-austerity Syriza party in Greece's closely fought general election.

One poll suggested Syriza took 35.5% of the votes, and the other suggested it took 39.5%, well ahead of the ruling New Democracy party on 23%-27%.

It is unclear whether Syriza has enough votes to govern the country alone.

Syriza's Alexis Tsipras has pledged to renegotiate Greece's debt arrangement with international creditors.

He has also vowed to reverse many of the austerity measures adopted by Greece since a series of bailouts began in 2010.

The result is being closely watched outside Greece, where it is believed a Syriza victory could encourage radical leftist parties across Europe.

http://www.bbc.co.uk/news/world-europe-30975437

Is this the end of the beginning or the beginning of the end?...

Sirius

25-01-2015 21:06

Re: Eurozone will collapse...

Quote:

Originally Posted by Osem (Post 35755157)

http://www.bbc.co.uk/news/world-europe-30975437

Is this the end of the beginning or the beginning of the end?...

Oh God i hope so.

Chris

25-01-2015 21:16

Re: Eurozone will collapse...

I would love to see Greece out of the Euro by the end of 2015. Demonstrating that a one-size-fits-all currency is nonsense, and that the Euro project is reversible, are two prizes very much worth having.

idi banashapan

25-01-2015 21:22

Re: Eurozone will collapse...

I can't see Frankfurt handing back Gold somehow. The dissolve of the Euro will not be one is choice, but one of collapse. I believe we will end up back at a Gold Standard, but the Fiat currency currently in use in the first world will need to fall first.

Maggy

25-01-2015 23:41

Re: Eurozone will collapse...

Hate it or love it we cannot divorce ourselves from Europe.Historically we've tried it in the past and we always get dragged back in one way or another.We have far more in common with them than other parts of the globe.

Osem	26-01-2015 08:04

Re: Eurozone will collapse...

I really don't think many people want a 'divorce from Europe' in the sense of cutting ourselves off. That would seem to me to be nonsense and even Farage, AFAIK, hasn't said that. I believe most people who object to the EU here do so because they don't want to be part of a straightjacket monetary policy and single European currency, much less and single state which governs almost every significant aspect of our lives. The big problem as I see it is the obsession of the Eurocrats in building a superstate regardless of the damage it's doing and effectively 'bribing' poorer countries to join the club when they're clearly not ready to do so. Such countries don't join to be net contributors, they join to be amongst the myriad nations which hope to take more out than they put in. It's a flawed concept IMHO.

Ignitionnet

26-01-2015 08:09

Re: Eurozone will collapse...

Quote:

Originally Posted by Chris (Post 35755189)

Demonstrating that a one-size-fits-all currency is nonsense

I think the experience of the PIIGS shows this beyond any kind of reasonable doubt already. Eurozone fiscal policy was lethal to Ireland.

Osem	26-01-2015 08:13

Re: Eurozone will collapse...

Quote:

Anti-austerity Syriza party leader Alexis Tsipras has vowed to end Greece's "five years of humiliation and pain" after his general election win.

Before cheering supporters, Mr Tsipras again pledged to renegotiate Greece's massive international bailout.

With nearly all of the votes counted in Sunday's poll, Syriza looks set to have 149 seats, just two short of an absolute majority.

http://www.bbc.co.uk/news/world-europe-30978052

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