Eurozone crisis 'threatens EU'

aussiejock



Joined: 06/10/2010
Posts: 350

Message Posted:
16/11/2010 14:02

how long will the EU last after reading this on Aljazeera,



http://gadgetarius.com/view.aspx?surl=http%3a%2f%2fenglish.aljazeera.net%2fbusiness%2f2010%2f11%2f20101116101849606475.html&title=Eurozone+crisis+







Robert

TRNCVaughan


Joined: 27/04/2008
Posts: 4578

Message Posted:
16/11/2010 14:05

It's an ill wind that blows no-one any good - shopping at Lidl will get even cheaper once the Euro bombs.

aussiejock



Joined: 06/10/2010
Posts: 350

Message Posted:
16/11/2010 14:16

Ireland is a basket case at the moment, when you think a few years ago you couldn't afford to buy a house in Ireland, it was soo expensive, and cost of living went through the roof, have always thought the EU would be dead by the year 2020.



Robert

TRNCVaughan


Joined: 27/04/2008
Posts: 4578

Message Posted:
16/11/2010 14:31

That long?

Carndi


Joined: 12/06/2009
Posts: 613

Message Posted:
16/11/2010 14:43

The gravy train will survive because there are to to many pigs with their noses in the trough who will not let it die no matter how much it will cost us.

rocking


Joined: 05/11/2008
Posts: 421

Message Posted:
16/11/2010 18:38

Message 5 - true. Look at the Kinnocks every bloody one of them employed there - used the word 'employed' in the loosest way - just turn up (lst class to Brussels) and get paid. Must cost millions to keep that lot going - hope it goes down the pan.

Lilli



Joined: 21/07/2008
Posts: 13081

Message Posted:
17/11/2010 01:00

Rocking I konw them and I can tell you they people in wales hate them x

LOvegod


Joined: 22/03/2009
Posts: 161

Message Posted:
17/11/2010 07:54

The Germans wont allow the EU to fail as every problem that blows up keeps the value of the euro down and enables Germany to sell its goods into a captive market ensuring exports second only to China. If the euro broke down the Germans would have to resort to the DM whose sudden appreciation would put German exports out of reach of the rest of us and bankrupting their economy. Far better to have the rest of us stomp up to help with the bail outs and with Cameron and the no longer tory party this will continue to happen

MarkVPiazza


Joined: 14/08/2008
Posts: 530

Message Posted:
17/11/2010 10:19

From a purely economic perspective, the Euro was an accident waiting to happen - you just can't have one authority controlling monetary policy (interest rates) and another controlling fiscal (taxes and expenditure)



The people who set this up were obviously not stupid, so why was the Euro created?



There can be only one reason, and that is for there to eventually be one body controlling both monetary and fiscal policy, i.e the ECB.



This means each country in the Euro would loose it's sovereignty, as you can only be a puppet government if you don't control the purse strings (sound familiar?)



And we all know who is by far the strongest economy in the Euro zone, and who will effectively control Europe when the inevitable happens (hint, they tried to do the same in 1914 and 1939)



Wake-up Europe, you can't expect the Brits to save you once again!



Mark