Home News Forum Articles
  Welcome back Join CF
You are here You are here: Home | Forum | Eurozone will collapse...

You are currently viewing our boards as a guest which gives you limited access to view most of the discussions, articles and other free features. By joining our Virgin Media community you will have full access to all discussions, be able to view and post threads, communicate privately with other members (PM), respond to polls, upload your own images/photos, and access many other special features. Registration is fast, simple and absolutely free so please join our community today.


Welcome to Cable Forum
Go Back   Cable Forum > General Discussion > Current Affairs

Eurozone will collapse...
Reply
 
Thread Tools
Old 16-11-2016, 11:17   #1861
Osem
Inactive
 
Join Date: Oct 2006
Location: Right here!
Posts: 22,316
Osem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered stars
Osem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered stars
Re: Eurozone will collapse...

Just in case anyone was thinking that things are so much better over there:

Quote:
The European Commission will on Wednesday tell eight national governments from the eurozone, including Italy, that their national budgets are “at risk of non compliance” with the EU’s budget rules, Commission sources involved in the decision process told POLITICO. Besides Italy, these countries are Spain, Portugal, Belgium, Finland, Slovenia, Cyprus and Lithuania.
http://www.politico.eu/article/italy...budget-hammer/

Brexit is a big deal fraught with risks and difficulties but let's not forget what we're trying to detach ourselves from eh.

Last edited by Osem; 16-11-2016 at 11:28.
Osem is offline   Reply With Quote
Advertisement
Old 24-11-2016, 00:14   #1862
1andrew1
cf.mega poster
 
Join Date: Dec 2013
Posts: 14,188
1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze
1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze
Re: Eurozone will collapse...

Quote:
Originally Posted by Hugh View Post
£3.3 billion, to be accurate, of which £2.4 billion was lost profit of not keeping enough foreign currency reserves to profit on Sterlings devaluation.

All down to Norm Lamont....
Looks like small change now compared to the independently-costed Brexit costs!
1andrew1 is offline   Reply With Quote
Old 24-11-2016, 11:08   #1863
Osem
Inactive
 
Join Date: Oct 2006
Location: Right here!
Posts: 22,316
Osem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered stars
Osem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered stars
Re: Eurozone will collapse...

Looks like even smaller change compared to the scale of the problems inherent within the European banking system which are simmering away quite nicely.
Osem is offline   Reply With Quote
Old 24-11-2016, 11:18   #1864
1andrew1
cf.mega poster
 
Join Date: Dec 2013
Posts: 14,188
1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze
1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze
Re: Eurozone will collapse...

Quote:
Originally Posted by Osem View Post
Looks like even smaller change compared to the scale of the problems inherent within the European banking system which are simmering away quite nicely.
The Eurozone seems to defy gravity and carry on. The banks are a bit of an unknown.
1andrew1 is offline   Reply With Quote
Old 24-11-2016, 17:09   #1865
heero_yuy
Perfect Soldier
 
heero_yuy's Avatar
 
Join Date: Mar 2009
Location: Worthing West Sussex
Age: 66
Services: VM 500M SH3 thingy in modem mode XL TV V6 Sony Bravia smart TV and M phone
Posts: 10,966
heero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered stars
heero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered stars
Re: Eurozone will collapse...

Quote:
Originally Posted by 1andrew1 View Post
The Eurozone seems to defy gravity and carry on.
They're in that Wiley Coyote moment: The legs are still running but yet to notice the ground has gone and gravity is about to take over.
__________________
History is much like an endless waltz: The three beats of war, peace and revolution continue on forever.
However history will change with my coronation - Mariemaia Khushrenada
heero_yuy is online now   Reply With Quote
Old 24-11-2016, 19:30   #1866
Osem
Inactive
 
Join Date: Oct 2006
Location: Right here!
Posts: 22,316
Osem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered stars
Osem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered stars
Re: Eurozone will collapse...

Quote:
Originally Posted by 1andrew1 View Post
The Eurozone seems to defy gravity and carry on. The banks are a bit of an unknown.
The only unknown is how bad it's going to get and right now Brexit has conveniently taken the focus off the EU's other fundamental problems.
Osem is offline   Reply With Quote
Old 24-11-2016, 21:56   #1867
Mick
Cable Forum Team
 
Mick's Avatar
 
Join Date: Jun 2003
Posts: 15,115
Mick has a nice shiny starMick has a nice shiny starMick has a nice shiny starMick has a nice shiny star
Mick has a nice shiny starMick has a nice shiny starMick has a nice shiny starMick has a nice shiny starMick has a nice shiny starMick has a nice shiny starMick has a nice shiny starMick has a nice shiny star
Re: Eurozone will collapse...

Quote:
Originally Posted by Osem View Post
The only unknown is how bad it's going to get and right now Brexit has conveniently taken the focus off the EU's other fundamental problems.
Could not have said it any better. The EU is a ticking time bomb, failure of the project is practically a dead cert, whether we had stayed in it or not.
Mick is offline   Reply With Quote
Old 15-12-2016, 22:55   #1868
Osem
Inactive
 
Join Date: Oct 2006
Location: Right here!
Posts: 22,316
Osem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered stars
Osem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered stars
Re: Eurozone will collapse...

Quote:
The Greek parliament has defied the international creditors providing Athens' bailout funds and voted through a one-off payment to pensioners.
Plans for the €617m (£517m; $656m) pre-Christmas handout were opposed by European bodies negotiating Greece's financial lifeline.
A deal agreed earlier this month to provide the next tranche of debt relief for Athens is now on hold.
Prime Minister Alexis Tsipras said Greece would not be blackmailed.
Athens said the pension payment would come out of a €1bn tax surplus but European creditors on Thursday said the Greek move raised "significant concerns on both process and substance" regarding the country's bailout obligations.
In a joint statement, representatives from the European Central Bank, the European Commission and the European rescue fund said they would now decide whether to uphold a Eurogroup decision granting Greece short-term debt relief earlier this month.
Mr Tsipras said the situation had to be resolved "without blackmail" on the part of Greece's creditors.
http://www.bbc.co.uk/news/business-38336423
Osem is offline   Reply With Quote
Old 16-12-2016, 10:03   #1869
heero_yuy
Perfect Soldier
 
heero_yuy's Avatar
 
Join Date: Mar 2009
Location: Worthing West Sussex
Age: 66
Services: VM 500M SH3 thingy in modem mode XL TV V6 Sony Bravia smart TV and M phone
Posts: 10,966
heero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered stars
heero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered starsheero_yuy is seeing silvered stars
Re: Eurozone will collapse...

Meaning they dare not continue to bail out Greece because otherwise it would mean their beloved Euro would go down the pan. On that basis Greece can do what it likes.
__________________
History is much like an endless waltz: The three beats of war, peace and revolution continue on forever.
However history will change with my coronation - Mariemaia Khushrenada
heero_yuy is online now   Reply With Quote
Old 16-12-2016, 11:52   #1870
Osem
Inactive
 
Join Date: Oct 2006
Location: Right here!
Posts: 22,316
Osem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered stars
Osem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered stars
Re: Eurozone will collapse...

Yes and some folks still want us further shackled to this mess. How very weird...

Last edited by Osem; 16-12-2016 at 12:22.
Osem is offline   Reply With Quote
Old 17-12-2016, 12:37   #1871
OLD BOY
Rise above the players
 
Join Date: Mar 2008
Location: Wokingham
Services: 2 V6 boxes with 360 software, Now, ITVX, Amazon, Netflix, Lionsgate+, Apple+, Disney+, Paramount +,
Posts: 14,569
OLD BOY is cast in bronzeOLD BOY is cast in bronzeOLD BOY is cast in bronzeOLD BOY is cast in bronze
OLD BOY is cast in bronzeOLD BOY is cast in bronzeOLD BOY is cast in bronzeOLD BOY is cast in bronzeOLD BOY is cast in bronzeOLD BOY is cast in bronzeOLD BOY is cast in bronzeOLD BOY is cast in bronzeOLD BOY is cast in bronzeOLD BOY is cast in bronzeOLD BOY is cast in bronzeOLD BOY is cast in bronzeOLD BOY is cast in bronzeOLD BOY is cast in bronzeOLD BOY is cast in bronzeOLD BOY is cast in bronzeOLD BOY is cast in bronzeOLD BOY is cast in bronze
Re: Eurozone will collapse...

Quote:
Originally Posted by Osem View Post
Typical left wing attitude. Spend, spend, spend, and don't worry how we will feed ourselves tomorrow.

Greece deserves all it's going to get, I'm afraid. Thank heavens we will not have to cough up.
OLD BOY is offline   Reply With Quote
Old 17-12-2016, 12:45   #1872
1andrew1
cf.mega poster
 
Join Date: Dec 2013
Posts: 14,188
1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze
1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze
Re: Eurozone will collapse...

Quote:
Originally Posted by Osem View Post
http://www.bbc.co.uk/news/uk-politics-13839381

I seem to recall quite a few pronouncements Jack Straw made which didn't come to pass but is he right about this?
Five years on and the Eurozone seems no closer to collapse.
I used to believe it would but now I'm just wondering if it's all anti-EU spin. Yes, Germany has helped Greece financially but Germany gains from a weak Euro.
1andrew1 is offline   Reply With Quote
Old 17-12-2016, 13:17   #1873
OLD BOY
Rise above the players
 
Join Date: Mar 2008
Location: Wokingham
Services: 2 V6 boxes with 360 software, Now, ITVX, Amazon, Netflix, Lionsgate+, Apple+, Disney+, Paramount +,
Posts: 14,569
OLD BOY is cast in bronzeOLD BOY is cast in bronzeOLD BOY is cast in bronzeOLD BOY is cast in bronze
OLD BOY is cast in bronzeOLD BOY is cast in bronzeOLD BOY is cast in bronzeOLD BOY is cast in bronzeOLD BOY is cast in bronzeOLD BOY is cast in bronzeOLD BOY is cast in bronzeOLD BOY is cast in bronzeOLD BOY is cast in bronzeOLD BOY is cast in bronzeOLD BOY is cast in bronzeOLD BOY is cast in bronzeOLD BOY is cast in bronzeOLD BOY is cast in bronzeOLD BOY is cast in bronzeOLD BOY is cast in bronzeOLD BOY is cast in bronzeOLD BOY is cast in bronze
Re: Eurozone will collapse...

Quote:
Originally Posted by 1andrew1 View Post
Five years on and the Eurozone seems no closer to collapse.
I used to believe it would but now I'm just wondering if it's all anti-EU spin. Yes, Germany has helped Greece financially but Germany gains from a weak Euro.
The euro will never work until such time as all the participating countries come together as a new federal Europe.

You can't have different countries pursuing different economic and fiscal policies that impact on a common currency.

The EU is a mish mash bureaucracy that stifles business and innovation. It will ultimately implode and we will be fortunate indeed to have extracated ourselves from all parts of this mad European project.

It could be made to work, of course, but the Eurocrats simply don't have a clue.
OLD BOY is offline   Reply With Quote
Old 17-12-2016, 13:27   #1874
1andrew1
cf.mega poster
 
Join Date: Dec 2013
Posts: 14,188
1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze
1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze
Re: Eurozone will collapse...

Quote:
Originally Posted by OLD BOY View Post
The euro will never work until such time as all the participating countries come together as a new federal Europe.

You can't have different countries pursuing different economic and fiscal policies that impact on a common currency.

The EU is a mish mash bureaucracy that stifles business and innovation. It will ultimately implode and we will be fortunate indeed to have extracated ourselves from all parts of this mad European project.

It could be made to work, of course, but the Eurocrats simply don't have a clue.
The Euro's been going 20 years and survived the 2007/8 General Financial Crisis so we can't pretend it doesn't work. Despite how illogical it may all seem when viewed from Blighty.
1andrew1 is offline   Reply With Quote
Old 17-12-2016, 13:46   #1875
Osem
Inactive
 
Join Date: Oct 2006
Location: Right here!
Posts: 22,316
Osem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered stars
Osem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered starsOsem is seeing silvered stars
Re: Eurozone will collapse...

Quote:
Originally Posted by 1andrew1 View Post
The Euro's been going 20 years and survived the 2007/8 General Financial Crisis so we can't pretend it doesn't work. Despite how illogical it may all seem when viewed from Blighty.
It's 'working' a whole lot better for the Germans than the Greeks. As has been stated, what doesn't 'work' is the single size fits all economic policy which accompanies it and can't reconcile the major differences between the northern and southern EU states in particular.

Last edited by Osem; 17-12-2016 at 13:51.
Osem is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT +1. The time now is 12:17.


Server: osmium.zmnt.uk
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.