The End is Nigh!
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Germany in Bond Rate Trouble[^] If Germany sees this as anything other than complete meltdown of the Euro I will be surprised. It is only the pointy-hatters that are keeping the whole thing going, and as the Euro has dropped (Good News for any Brits going to Euroland), it means German Exports become more expensive. Germany cannot tolerate this as it is a massive export market economy. So what will happen I hear you not ask. Simple, to keep Germany going, interest rates will have to rise, to encourage more investment in the German economy, but this will cripple the interest payable for the rest of the Euro area, thus throwing them further into trouble, and Germany has already stated it will put no more money in. (Currently going to court to see if what it has already promised is actually legal under Federal Law). So the end is fast approaching, and it will be ugly. The only way to save it is for Germany to exit the Euro and revert to a free currency, the New Mark perhaps, and let the rest of them find a level that is good for the Euro (about €3 = £1 would be about right). I Can't Wait!
------------------------------------ I will never again mention that I was the poster of the One Millionth Lounge Post, nor that it was complete drivel. Dalek Dave CCC League Table Link CCC Link[^]
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Germany in Bond Rate Trouble[^] If Germany sees this as anything other than complete meltdown of the Euro I will be surprised. It is only the pointy-hatters that are keeping the whole thing going, and as the Euro has dropped (Good News for any Brits going to Euroland), it means German Exports become more expensive. Germany cannot tolerate this as it is a massive export market economy. So what will happen I hear you not ask. Simple, to keep Germany going, interest rates will have to rise, to encourage more investment in the German economy, but this will cripple the interest payable for the rest of the Euro area, thus throwing them further into trouble, and Germany has already stated it will put no more money in. (Currently going to court to see if what it has already promised is actually legal under Federal Law). So the end is fast approaching, and it will be ugly. The only way to save it is for Germany to exit the Euro and revert to a free currency, the New Mark perhaps, and let the rest of them find a level that is good for the Euro (about €3 = £1 would be about right). I Can't Wait!
------------------------------------ I will never again mention that I was the poster of the One Millionth Lounge Post, nor that it was complete drivel. Dalek Dave CCC League Table Link CCC Link[^]
Dalek Dave wrote:
So the end is fast approaching, and it will be ugly.
a lot of cash through the finance sector. If it all goes tits-up, the UK will suffer, the last time a crisis like this happened the UK had to get more involved, to stabilise the European economy. I'd be careful what you wish for! The EU could be made to work, and well, but it would have to re-start without the lame-duck countries. Oh and no France.
Sort of a cross between Lawrence of Arabia and Dilbert.[^]
-Or-A Dead ringer for Kate Winslett[^] -
Germany in Bond Rate Trouble[^] If Germany sees this as anything other than complete meltdown of the Euro I will be surprised. It is only the pointy-hatters that are keeping the whole thing going, and as the Euro has dropped (Good News for any Brits going to Euroland), it means German Exports become more expensive. Germany cannot tolerate this as it is a massive export market economy. So what will happen I hear you not ask. Simple, to keep Germany going, interest rates will have to rise, to encourage more investment in the German economy, but this will cripple the interest payable for the rest of the Euro area, thus throwing them further into trouble, and Germany has already stated it will put no more money in. (Currently going to court to see if what it has already promised is actually legal under Federal Law). So the end is fast approaching, and it will be ugly. The only way to save it is for Germany to exit the Euro and revert to a free currency, the New Mark perhaps, and let the rest of them find a level that is good for the Euro (about €3 = £1 would be about right). I Can't Wait!
------------------------------------ I will never again mention that I was the poster of the One Millionth Lounge Post, nor that it was complete drivel. Dalek Dave CCC League Table Link CCC Link[^]
There was an article on the BBC website where there was mention of an idea for a 'Northern Euro' - Germany etc. - and a 'Southern Euro' which would include Fance. Needless to say this idea wasn't presented by someone in France.
Join the cool kids - Come fold with us[^]
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Dalek Dave wrote:
So the end is fast approaching, and it will be ugly.
a lot of cash through the finance sector. If it all goes tits-up, the UK will suffer, the last time a crisis like this happened the UK had to get more involved, to stabilise the European economy. I'd be careful what you wish for! The EU could be made to work, and well, but it would have to re-start without the lame-duck countries. Oh and no France.
Sort of a cross between Lawrence of Arabia and Dilbert.[^]
-Or-A Dead ringer for Kate Winslett[^] -
Germany in Bond Rate Trouble[^] If Germany sees this as anything other than complete meltdown of the Euro I will be surprised. It is only the pointy-hatters that are keeping the whole thing going, and as the Euro has dropped (Good News for any Brits going to Euroland), it means German Exports become more expensive. Germany cannot tolerate this as it is a massive export market economy. So what will happen I hear you not ask. Simple, to keep Germany going, interest rates will have to rise, to encourage more investment in the German economy, but this will cripple the interest payable for the rest of the Euro area, thus throwing them further into trouble, and Germany has already stated it will put no more money in. (Currently going to court to see if what it has already promised is actually legal under Federal Law). So the end is fast approaching, and it will be ugly. The only way to save it is for Germany to exit the Euro and revert to a free currency, the New Mark perhaps, and let the rest of them find a level that is good for the Euro (about €3 = £1 would be about right). I Can't Wait!
------------------------------------ I will never again mention that I was the poster of the One Millionth Lounge Post, nor that it was complete drivel. Dalek Dave CCC League Table Link CCC Link[^]
If Germany heads to the far right a euro pullout is possible, but since they have a massive guilt trip about their past behaviour they will keep on bending over backwards before this happens. Dont forget every corrency is stressed right now. The only ones to have seen little impact have been the antipodean dollars and the euro. If it devalues now it will only go back to what it used to be.
Dalek Dave wrote:
It is only the pointy-hatters that are keeping the whole thing going, and as the Euro has dropped (Good News for any Brits going to Euroland), it means German Exports become more expensive.
This belies a surprising stupidity on your part. Its the opposite. As the euro devalues it makes euopean goods cheaper. You just said as much by saying Brits will find the eurozone cheaper for holidays. In fact euro devaluation to match the already devalued currencies is to be welcomed. Suits me, makes my UK shares go up!
"It is a remarkable fact that despite the worldwide expenditure of perhaps US$50 billion since 1990, and the efforts of tens of thousands of scientists worldwide, no human climate signal has yet been detected that is distinct from natural variation." Bob Carter, Research Professor of Geology, James Cook University, Townsville
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There was an article on the BBC website where there was mention of an idea for a 'Northern Euro' - Germany etc. - and a 'Southern Euro' which would include Fance. Needless to say this idea wasn't presented by someone in France.
Join the cool kids - Come fold with us[^]
Looks a pretty sound idea to me.
Sort of a cross between Lawrence of Arabia and Dilbert.[^]
-Or-A Dead ringer for Kate Winslett[^]