Eurozone will collapse...

I'm getting heartily sick of the BBC's one-sided reporting of this issue. Every night the news at ten repeats the mantra "disaster, disaster, disaster" without any attempt to contrast with the likely effects of the Eurozone stumbling on as it is.

Well don't you think they can only report what the majority of those they interview are saying..

[Osem]

Maybe they need to stop asking the same people.

Originally Posted by Maggy J

Well don't you think they can only report what the majority of those they interview are saying..

And you think they're above the temptation to pick and choose who to interview? Where are the likes of Dan Hannan, Nigel Farage or any of the many economists who have long argued that the whole idea of a single currency was abject nonsense?

Anyway, most of the time they're not interviewing people, unless you count Huw Edwards chatting to Peston, Flanders or Robinson across a table in the studio.

Then stop watching the BBC Chris..There is always Sky..or CNN or whatever you can find on Freeview.

Sadly I dare not watch what used to be my standby from the navel watching obsessions of the usual 24 hour news channels.Euronews is no comfort at present.

The really worrying aspect of this whole debacle, at least from my point of view, is that regardless of how it's reported and the interviewees, it was an utter disaster from the outset. I just pray that the whole stupidly, ill-conceived and politically driven 'unification' chokes on it's own hubris. Okay, rant over

Secretly i bet there are a few national leaders ,including our own , that would love the Eurozone to collapse because they could then use it to cover up their own inadequacies in running their own domestic financies

Originally Posted by martyh

Secretly i bet there are a few national leaders ,including our own , that would love the Eurozone to collapse because they could then use it to cover up their own inadequacies in running their own domestic financies

'Every nation state gets a clean slate', we could write a song about that children. Maybe some of the Python team might help out

[Osem]

Here's the video of Balls getting his slapping for anyone who's interested:

http://www.youtube.com/watch?v=DEPYVcBgW4k

Not many answers there Ed mate....

Miliband's doing the same right now on Sky - lots of criticism of where we are now but no answers and no acknowledgement of the role successive governments have played in that (including 13 years of his crew in power).

They seem to be saying that the UK has no influence in the Eurozone but that Cameron should be exercising some....

Originally Posted by Osem

Here's the video of Balls getting his slapping for anyone who's interested:

http://www.youtube.com/watch?v=DEPYVcBgW4k

Not many answers there Ed mate....

Miliband's doing the same right now on Sky - lots of criticism of where we are now but no answers and no acknowledgement of the role successive governments have played in that (including 13 years of his crew in power).

They seem to be saying that the UK has no influence in the Eurozone but that Cameron should be exercising some....

They all seem as empty headed as the most vacuous Essex girl that you will ever meet

[Dai]

Originally Posted by martyh

They all seem as empty headed as the most vacuous Essex girl that you will ever meet

If any of them actually told the truth it would be political and electoral suicide. Given a choice between career prospects and morality it appears that most decide the first option pays better.

[Osem]

France's new finance minister has reiterated that the country's new socialist government will not ratify the European Union's (EU) fiscal pact.

Pierre Moscovici said the pact would have to include provisions for growth before France signed up.

http://www.bbc.co.uk/news/business-18101338

and in other news:

Ratings agency Moody's has cut the credit ratings of 16 Spanish banks, a further blow to a country that is struggling to deal with the bad debts of its banking sector. It also cut the debt rating on Santander UK, a subsidiary of the Spanish banking giant. It comes after shares in struggling lender Bankia fell another 14%. They have almost halved in value this month.

http://www.bbc.co.uk/news/business-18100049

[Osem]

Originally Posted by heero_yuy

Source

Seems the presses are being warmed up to print off Drachmas at De La Rue. Maybe they know something the politicians aren't prepared to admit

Hm... Maybe they'll stop printing Sterling for a bit while they're doing it..

Did anyone else see that poor Greek stand-up comic getting lectured by Abbott and Portillo on This Week last night?

The poor woman was commissioned to make a short report on how awful things are back in the country of her birth, in which she repeated the often-claimed but rarely argued position that Greece has to stay in the Euro because the Drachma would be a disaster. Back in the studio she looked like a shame-faced sixth-former getting carpeted by the headmaster for turning in a substandard politics essay.

I was surprised to find out just how Euro-sceptic Diane Abbott is, but even more surprised to hear Michael Portillo take so much time to acknowledge the domestic downside of Grexit followed by devaluation, although he did still say he believed Greece quitting the Euro was a good idea on balance. Both of them shared the view that it was always bound to end up this way.

Originally Posted by Chris

Did anyone else see that poor Greek stand-up comic getting lectured by Abbott and Portillo on This Week last night?

The poor woman was commissioned to make a short report on how awful things are back in the country of her birth, in which she repeated the often-claimed but rarely argued position that Greece has to stay in the Euro because the Drachma would be a disaster. Back in the studio she looked like a shame-faced sixth-former getting carpeted by the headmaster for turning in a substandard politics essay.

I was surprised to find out just how Euro-sceptic Diane Abbott is, but even more surprised to hear Michael Portillo take so much time to acknowledge the domestic downside of Grexit followed by devaluation, although he did still say he believed Greece quitting the Euro was a good idea on balance. Both of them shared the view that it was always bound to end up this way.

The Economist had an article today stating that Greece leaving the Euro would be a disaster but that it's probably going to happen anyway. Most of the things I have read suggest that this is the common view. It seems like forces outside of everyone's control are conspiring to cause Greece to leave regardless of the arguments against it.