Thinking the unthinkable — euro zone breakup

tracer


Joined: 02/06/2010
Posts: 442

Message Posted:
25/11/2010 21:48

http://www.msnbc.msn.com/id/40371908/ns/business-world_business/







back to cyprus pound maybe?

BillBarnacle


Joined: 20/04/2009
Posts: 167

Message Posted:
25/11/2010 22:31

They will try to prevent this at all costs because the utter humiliation could well lead to recriminations that break up the EU itself (HOPEFULLY)



The trouble with politicians and bureaucrats is they ignore history.The UK thought it could buck the markets before it was ejected (THANKFULLY) from the ERM



The markets will win



The EURO in its current form is finished its just the date of destruction is yet to be determined

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
25/11/2010 22:35

It won't happen yet, they won't want the system to fail. They'll continue to throw billions at it.

Lilli



Joined: 21/07/2008
Posts: 13081

Message Posted:
25/11/2010 22:38

Bill where do they get all these billions, bailing out all and sundry must encourage countries to get into debt knowing it will be thrown billions

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
25/11/2010 22:42

Liz. It all comes from a central European Fund that member countries and mugs like us pay into!

ilovecyprus


Joined: 08/05/2007
Posts: 2880

Message Posted:
25/11/2010 22:51

msge 2



Agree with your post.



What I don't understand is, if most EU countries are running substantial trade deficits, and yet, at the same time they are encouraged to trade amongst each other, how can anyone make a profit so as to pay off the debt.

andre514


Joined: 05/10/2010
Posts: 763

Message Posted:
25/11/2010 23:33

message 4



lilli, according to press reports the £7.5 billion britain will lend ireland

is in reality money the uk is in process of borrowing itself!



since the uk can still borrow at two and a half percent and ireland must pay four and a half percent,

over the three years of the arrangement, perfidious albion may anticipate a reasonable profit



...assuming of course that ireland doesn't go belly-up meantimes



as regards the single currency's future, a spain, italy or france melt-down would surely sink it

as everyone totally runs out of money



angela merkel has suggested that in a collapse the euro may be allowed to devalue,

while germany leads the northern states into a new monetary unit provisionaly called the "neuro"



or the whole rotten edifice may weather the storm and we will have fretted unecessarily

Lilli



Joined: 21/07/2008
Posts: 13081

Message Posted:
25/11/2010 23:42

Thank you Andre as usual you put it into words I can understand xxx