Eurozone will collapse...

[Dai]

Originally Posted by Chris

So the Greek government is headed by a Euro-banker and the machine is being 'supervised' by EU civil servants ... and all in the cradle of democracy. What a sad day this is.

Inevitable that it would be a placeman approved by the EU mafia. That's democracy gone for another member state.

Let's run through the process again. Give them unlimited free money until they're up to their shoulders in debt. Then reel them in and tell them the only way they can be saved is to agree to certain officials having final approval of key financial choices.

Sad indeed that the country that invented democracy should be swallowed up by this most un-democratic of monsters.

[Alan Fry]

Originally Posted by DaiNasty

Inevitable that it would be a placeman approved by the EU mafia. That's democracy gone for another member state.

Let's run through the process again. Give them unlimited free money until they're up to their shoulders in debt. Then reel them in and tell them the only way they can be saved is to agree to certain officials having final approval of key financial choices.

Sad indeed that the country that invented democracy should be swallowed up by this most un-democratic of monsters.

this whole stuation is a mess

[nomadking]

Nobody forced them to spend on the ridiculous things that they have done or not get people to pay their taxes.

Public spending soared and public sector wages practically doubled in the past decade. It has more than 340bn euros of debt - for a country of 11 million people, about 31,000 euros per person.
However, whilst money has flowed out of the government's coffers, its income has been hit by widespread tax evasion.

It is a point of view shared by Constantine Michalos, president of the Athens Chamber of Commerce: "The horrific example I always bring is that cleaners in the Ministry of Finance earn as much as managers in other ministries," he says.

Jubilation about the German deal to save the euro could prove short-lived if fresh news of Greek tax evasion gains wider currency. There are more Porsche Cayennes registered in Greece than taxpayers declaring an income of 50,000 euros (£43,800) or more, according to research by Professor Herakles Polemarchakis, former head of the Greek prime minister’s economic department.

Originally Posted by nomadking

Nobody forced them to spend on the ridiculous things that they have done or not get people to pay their taxes.

Indeed, Greece has continued to run its affairs has it always did. The difference is, southern European countries are used to devaluing their currencies every time they get in trouble. Now they're in the Euro they can't do that.

The root of the problem is that Greece was allowed into the Euro in the first place. They were locked into the system because the European Council took a political decision to declare that they met the convergence criteria. This was a complete fudge (and not only for Greece).

[Osem]

Quite right.

Aside from averting a financial catastrophe, possibly the best thing we can hope for from all this is that the problems in Euro-lala-Land have put paid to any hopes the Turks had for gaining full admission to the 'club'. Given the Eurocrats' track record, however, perhaps not.......

[ntluser]

Leaders should recognise that because of the differing strengths of EU economies some will find it easier than others to maintain the Euro.

Stronger economies are being weakened trying to maintain the Euro and it is becoming impossible for them to support weaker economies without detriment to their own.

We should recognise the Euro is dead and each country should revert back to its pre-Euro currency.

We should close down the EU parliament and allow nations to use the money saved to generate growth within their own economies.

We need to have a fairer redistribution of wealth within society with the rich taking less and more being given to the poor but done in such a way that we have more money available to develop our national infrastructures, creating growth and jobs.

We also need to have a national pension scheme to which everybody belongs including MPs with equal contributions, rights and benefits instead of having as we do different pension schemes of various strengths for the ordinary public while MPs have a gold plated scheme despite beiong the ones responsible for our economic and financial failure.

When we have a fairer society where we really are all in it together maybe we will have a better chance of solving more of our national problems and we'll all be a lot happier.

[Chrysalis]

ditching the euro would be a serious backward step, 70% of my business is done in euros, most of the rest in usd. The GBP is too restricted to just this country only.

[Sirius]

Originally Posted by Alan Fry

we need a united states of europe so that europe can no longer be draged down by 5 european nations, europe itself is doing fine except for those 5 european nations (italy, spain, ireland, portugal and greece)

and another thing, britain and france germany are no longer major powers, let alone superpowers, why do the frist two have perminant sercurty conciil places and india does not

if europe was one it would be a superpower, espcially if it included the all the eu and cis nations

No we don't, we need a referendum on staying in or leaving and we need it NOW. Why are certain posters so scared of asking the public to decide

[papa smurf]

Originally Posted by Sirius

No we don't, we need a referendum on staying in or leaving and we need it NOW. Why are certain posters so scared of asking the public to decide

perhaps they belong to a small minority that wish to keep us all in the EU regardless of the opinions of the majority - that's just a thought

[ntluser]

Originally Posted by Chrysalis

ditching the euro would be a serious backward step, 70% of my business is done in euros, most of the rest in usd. The GBP is too restricted to just this country only.

I would suggest that 70% of your business is done with businesses in Europe who pay you in Euros.

I'm not suggesting that we don't trade with Europe but merely that each European country reverts to a currency that it can easily support.

If a European country goes bankrupt you lose out whatever currency they are using.As it is the Euro is bankrupting countries whose economies are not strong enough to support it.

All countries, businesses and individuals need to live within their means. If they had we would not be in the mess we are in.

Dropping the Euro and the EU Parliament infrastructure gives poorer economies greater room to manouevre instead of being tied to EU dictats and allows stronger economies to continue without having to continously bail out economies that are failing.

Each nation's future, after all, lies in its own hands not the EU's.

If we had been allowed a referendum, I believe many people would vote to leave particularly when the EU Parliament has a salaries, pensions and expenses scandal that is bleeding European countries dry.

[Sirius]

Originally Posted by ntluser

I would suggest that 70% of your business is done with businesses in Europe who pay you in Euros.

I'm not suggesting that we don't trade with Europe but merely that each European country reverts to a currency that it can easily support.

If a European country goes bankrupt you lose out whatever currency they are using.As it is the Euro is bankrupting countries whose economies are not strong enough to support it.

All countries, businesses and individuals need to live within their means. If they had we would not be in the mess we are in.

Dropping the Euro and the EU Parliament infrastructure gives poorer economies greater room to manouevre instead of being tied to EU dictats and allows stronger economies to continue without having to continously bail out economies that are failing.

Each nation's future, after all, lies in its own hands not the EU's.

If we had been allowed a referendum, I believe many people would vote to leave particularly when the EU Parliament has a salaries, pensions and expenses scandal that is bleeding European countries dry.

Well said

[Chrysalis]

Originally Posted by ntluser

I would suggest that 70% of your business is done with businesses in Europe who pay you in Euros.

I'm not suggesting that we don't trade with Europe but merely that each European country reverts to a currency that it can easily support.

If a European country goes bankrupt you lose out whatever currency they are using.As it is the Euro is bankrupting countries whose economies are not strong enough to support it.

All countries, businesses and individuals need to live within their means. If they had we would not be in the mess we are in.

Dropping the Euro and the EU Parliament infrastructure gives poorer economies greater room to manouevre instead of being tied to EU dictats and allows stronger economies to continue without having to continously bail out economies that are failing.

Each nation's future, after all, lies in its own hands not the EU's.

If we had been allowed a referendum, I believe many people would vote to leave particularly when the EU Parliament has a salaries, pensions and expenses scandal that is bleeding European countries dry.

A better solution is to keep the euro but not enforce it as a only currency in poor countries. eg. I use euros even tho I live in the UK. Killing the currency is going way over the top and seems some are on a agenda to get rid of it, exchange rates are a horrid thing as for one it allows people to make money out of exchange rate confusion, eg. something may cost 100usd in america and then 100gbp here, a sudden large % markup.

Everytime there is something going wrong with europe some news agencies are on it like a rash, along with various people on here and on other places, like they cant wait for it. Shame they not so keen about problems within the uk.

Not only do I sell services to europe but I also buy them, especially from germany and holland. Online services availability within europe would be severely hampered without the euro, but I guess people who live only within the UK shell fail to see this and just listen to anti EU propoganda too much.

Originally Posted by Chrysalis

A better solution is to keep the euro but not enforce it as a only currency in poor countries. eg. I use euros even tho I live in the UK. Killing the currency is going way over the top and seems some are on a agenda to get rid of it, exchange rates are a horrid thing as for one it allows people to make money out of exchange rate confusion, eg. something may cost 100usd in america and then 100gbp here, a sudden large % markup.

Everytime there is something going wrong with europe some news agencies are on it like a rash, along with various people on here and on other places, like they cant wait for it. Shame they not so keen about problems within the uk.

I'm curious to know how you use Euros. Do you receive a pension or salary in the currency or did you perhaps opt for a Euro mortgage?

[Chrysalis]

I am not sure what you mean.

You mean how do I spend them?

Its easy to exchange it into GBP if I need to spend it.

Anyone in the world can accept or spend euros.

Originally Posted by Chrysalis

I am not sure what you mean.

You mean how do I spend them?

Its easy to exchange it into GBP if I need to spend it.

Anyone in the world can accept or spend euros.

How do you use them then? Do you have a Euro bank account or get paid in Euros?