Eurozone will collapse...

[Hom3r]

There was a story (Mentioned on Have I got news for you) that Germany was printing loads of Deutsche Marks, so they have 100% confidance in the Euro, me thinks not.

The head of the French central bank, Christian Noyer, who is also a governor of the ECB, has thrown his rattle out of the pram and insisted Britain should lose its AAA credit rating before France does.

http://www.telegraph.co.uk/finance/f...CBs-Noyer.html

[Chrysalis]

Originally Posted by Hugh

Don't you think those were the relevant words?

there is many words which could have been relevant.

[Alan Fry]

Originally Posted by Chris

The head of the French central bank, Christian Noyer, who is also a governor of the ECB, has thrown his rattle out of the pram and insisted Britain should lose its AAA credit rating before France does.

http://www.telegraph.co.uk/finance/f...CBs-Noyer.html

At this rate only China, India and Brazil will have a AAA credit rating

[Osem]

Originally Posted by Chris

The head of the French central bank, Christian Noyer, who is also a governor of the ECB, has thrown his rattle out of the pram and insisted Britain should lose its AAA credit rating before France does.

http://www.telegraph.co.uk/finance/f...CBs-Noyer.html

lol - I'm sure the ratings agencies will listen to him, NOT! If anything they're likely to be more suspicious of the French situation and Eurozone credibility because of his childish rant I'd have thought.

Who knows whether time will proven Cameron right or wrong on his stance but the more I hear of this sort of pathetic nonsense the more I believe the former.

Originally Posted by Chrysalis

there is many words which could have been relevant.

Just not the ones you chose....

[Hom3r]

It makes me think should we have sacrificed all those men to liberate Europe some 65 years ago.

[Osem]

The UK has been asked to play a role in negotiations over a proposed EU-wide fiscal pact despite refusing to sign up to the proposed agreement.

The Financial Times reported that UK officials were likely to have "observer status" at talks starting next week.

http://www.bbc.co.uk/news/uk-politics-16209414

Thought they didn't love us anymore......

[Ignitionnet]

Originally Posted by Osem

http://www.bbc.co.uk/news/uk-politics-16209414

Thought they didn't love us anymore......

They're nervous because various non-Eurozone countries have realised what nonsense they're signing up for and are getting cold feet. This ignoring that in Ireland this'll almost certainly require a referendum to which the answer will be a pretty clear 'no'.

[Osem]

Originally Posted by Ignitionnet

They're nervous because various non-Eurozone countries have realised what nonsense they're signing up for and are getting cold feet. This ignoring that in Ireland this'll almost certainly require a referendum to which the answer will be a pretty clear 'no'.

My post was laced with sarcasm. I agree with your analysis and have already posted to that effect.

Aside from a referendum, IIRC Ireland benefits greatly from much lower corporation tax levels than the rest of the EU and somehow I can't see them being prepared to sacrifice those with the adverse effects so doing would have on their economy.

I really don't know what's driving current EU decision making but it doesn't seem to be common sense. Political tunnel vision, desperation, blind panic maybe? Let's hope not eh....

---------- Post added at 09:41 ---------- Previous post was at 09:35 ----------

Originally Posted by heero_yuy

some of the eastern europeans are realising that they have traded one overbearing state for another if they sign up for the new treaty.

I wonder how many times the irish will need to be asked before they get it "right" this time?

"YOU VILL SAY YES!!!!!"

[denphone]

http://www.bbc.co.uk/news/uk-politics-16209414

UK officials will join talks over what should be in a eurozone fiscal pact, despite refusing to sign up to it.

It comes as French finance minister Francois Baroin added to tension between Paris and London by saying the British economy was "very worrying".

On Thursday, the chairman of the French central bank, Christian Noyer, suggested that any downgrade should instead start with the UK "which has more deficits, as much debt, more inflation, less growth than us".

Mr Baroin told Europe 1 radio on Friday: "The economic situation in Britain today is very worrying, and you'd rather be French than British in economic terms."

[Osem]

All of which confirms, for those who don't already accept it, that when the going gets tough the gloves come off and the knives come out (excuse the mixed metaphor). It's all a bit "my team's better than your team" isn't it. Does anyone out there really believe people like this are capable of making decisions for the greater good? I don't.

[denphone]

Originally Posted by Osem

All of which confirms, for those already naive enough not to accept it, that when the going gets tough the gloves come off and the knives come out (excuse the mixed metaphor). Does anyone out there really believe people like this are capable of making decisions for the greater good? I don't.

exactly.

[Osem]

The war of words continues:

http://www.bbc.co.uk/news/uk-politics-16222988

Deputy Prime Minister Nick Clegg has told the French prime minister that steps should be taken to "calm the rhetoric" on the UK economy.

[Pierre]

Originally Posted by denphone

http://www.bbc.co.uk/news/uk-politics-16209414

Yes, the overriding issue our French neighbours seem to be overlooking is that we're not in the Euro.

Our deficit and growth outlook may be no better than the French or even a little worse, but we haven't got to carry Italy, Greece, Spain & Portugal.