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  1. #11
    topcat4 topcat4 is offline
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    Quote Originally Posted by Blucher View Post
    And your suggestions are?
    I don't really have any, like everyone else I've been following this story for 4 years now, and there are times when its all very bloody confusing.

    I asked the question to hear other peoples opinions.
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  2. #12
    Bonsai Experiment Bonsai Experiment is offline
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    In the short-term co responsibility is enforced. i.e. issuance of Eurobonds and debt forgiveness , restructuring and whatever else it takes to get growth back in the economy. Then the weak countries can go back and float their own currencies , until we come up with a better formula at which to re-peg them to either Euro or perhaps Sterling in our case.
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  3. #13
    Con Gallagher Con Gallagher is offline

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    Plan A: countries bail out their own banks, troika bail out the countries, taxpayers and social benefit recipients take the brunt = no growth.
    Plan B: political union, Consolidated taxes, financial transaction tax, centralised banking control = U.S.E. wont be acceptable to most of Europe's nation states
    Plan C: print money = inflation, which the Germans won't accept
    Plan D: Greece, Spain, Portugal, Ireland leave = leaving France, Belgium, cyprus, Italy next in line
    Plan E: Germany leaves and print money = hyper inflation, while German trade drops
    Plan F: In the name of the father, son and holy spirit we offer this second mass to the euro..,

    Which is the least worst option?
    (perhaps the question Ireland should be asking is how can we get out and get out creditors to accept sterling, punt nua and have a stable currency?)
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  4. #14
    Crazy horse 6 Crazy horse 6 is offline
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    It can't be saved. All thats going on at present is the elites are trying to salvage as much as their wealth as possible aided by the governments of Europe. See NAMA as a classic example. When the music stops only the golden circle will be left smiling.
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  5. #15
    Toman13 Toman13 is offline

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    Quote Originally Posted by topcat4 View Post
    Ideas anyone, we hear all the time, this won't work, that won't work.

    We need to get ahead of the crisis etc etc

    But what measures would really fix this crisis once and for all??
    How about breaking up the currency, destroying the Europeanist mentality that caused this crises, and use it as a lesson as to why we should never go down the road to a USE?
    Last edited by Toman13; 22nd June 2012 at 09:19 AM.
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  6. #16
    Toman13 Toman13 is offline

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    Quote Originally Posted by Con Gallagher View Post
    Plan A: countries bail out their own banks, troika bail out the countries, taxpayers and social benefit recipients take the brunt = no growth.
    Plan B: political union, Consolidated taxes, financial transaction tax, centralised banking control = U.S.E. wont be acceptable to most of Europe's nation states
    Plan C: print money = inflation, which the Germans won't accept
    Plan D: Greece, Spain, Portugal, Ireland leave = leaving France, Belgium, cyprus, Italy next in line
    Plan E: Germany leaves and print money = hyper inflation, while German trade drops
    Plan F: In the name of the father, son and holy spirit we offer this second mass to the euro..,

    Which is the least worst option?
    (perhaps the question Ireland should be asking is how can we get out and get out creditors to accept sterling, punt nua and have a stable currency?)
    I go for Plan G:
    Hold a EU-wide referendum; Full Political union with consolidated taxes and centralisation, or a looser level of integration, similar to the levels before the Euro was conceived.
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  7. #17
    partnership partnership is offline

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    There are too many different competing interests in the EU and this is what is preventing any of the proposed solutions being brought in. Germanys paranoia about inflation means that we can't print money but printing money might actually work! The only solution to maintain the euro is full fiscal and political integrationw hich i for one will not vote for!
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  8. #18
    seabhcan seabhcan is online now
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    A banking union would help. There should be no Irish banks and no German banks. There should be EU banks, all following the same regulations, and all supported directly by the ECB. It makes no sense to force states to borrow from the ECB in order to lend to banks - let the ECB deal with the banks directly.

    Despite the simplistic comments from the media, this is a financial crisis, not a currency crisis. The banks are broken everywhere - even outside of the eurozone. To fix the crisis, we need to fix the banks.

    Its an unpopular opinion, I know, but the euro is not in crisis. The banking system is in crisis. The papers are rarely brave enough to point this out.
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  9. #19
    meriwether meriwether is offline

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    What is required is a mixture of austerity and eventual debt forgiveness.

    Austerity is required, becase Ireland spends more thn it earns. Fundamentally, this situation is untenable, bullsh1t about Merkel, green shoots, quantitive easing and Stimuli aside.
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  10. #20
    LTLCHG LTLCHG is offline

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    I think that a banking union, where all banks are European companies, regulated, taxed and insured in Europe. Each bank could be limited in size, and when it collapses it should be put into examinership like any other company, and all the directors should be sacked.

    When a country runs out of money it should default, and suffer the consequences of default.
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