The Euro...

Bird · November 12, 2011, 08:19:38 PM

Was it a big mistake for all these countries to jump in with 1 form of currency

Now France is about to cop it, or run off with another gig..
http://www.theage.com.au/business/world-business/france-behind-secret-plan-for-breakaway-euro-zone-20111111-1nbxc.html

I dont feel it was such a top idea with so much corruption in some of the countries which wasnt a secret by any means.. were they naive, or just didnt expect it?

D4D · November 12, 2011, 08:20:43 PM

Sounded like a good idea at the time...

Bird · November 12, 2011, 08:24:27 PM

Quote from: D4D on November 12, 2011, 08:20:43 PM
Sounded like a good idea at the time...

but theres no way to back out of it without a massive collapse, or am I reading it wrong..

and theres no way to really stop Shit countries from continuing doing what they already are.

Black Diamond · November 12, 2011, 08:29:43 PM

It's all Greek to me

theflyingbadger · November 12, 2011, 08:44:46 PM

looks like the brits (and a few others) made a good choice to stay out.

can't go having monetary policy dictated by bloody foreigners, what?

ralphedward · November 12, 2011, 08:48:04 PM

Quote from: Black Diamond on November 12, 2011, 08:29:43 PM
It's all Greek to me

Greekenomics ay JD!

theflyingbadger · November 12, 2011, 08:49:17 PM

Quote from: ralphedward on November 12, 2011, 08:48:04 PM
Greekenomics ay JD!

but a falafel is not a legitimate unit of currency...

tinkera · November 12, 2011, 08:53:44 PM

SUBSIDIZE SUBSIDIZE SUBSIDIZE thats been there downfall. Gov. vote buying giving the voters what they want to stay in Gov.it,s coming to a shore near you so watch out make sure you have $$$ for a rainy day.This lot we have here at the moment have lost the plot,bunch of union job for the boys f**Kwits at it,s worst.Tinkera.

Newsman · November 12, 2011, 08:59:57 PM

This is a good read. Not saying buy what he's (Porter Stansberry) selling (Investment Newsletter) but he gives a strong argument about what could happen next.
http://www.shtfplan.com/forecasting/stansberry-heres-what-will-happen-next_09272011

Newsman

UIZ733 · November 12, 2011, 09:22:33 PM

My super is rooted ..the best I can manage is:
http://www.youtube.com/watch?v=SZ1qRRAiVEI

TBF · November 12, 2011, 11:04:39 PM

For the EU to have worked, all participating countries should have worked collectively for the good of the EU.
Each of the governments have been more active in borrowing money in excess of their repayment capacity in order to fund outrageous living conditions/promises for their voters at each election.

Does that sound like something we have at home as well.

JMHO

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The Euro...

UIZ733