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About LinkBacksHi guys, on the French radio I'm hearing everyday of the possibility of Greece, Italy, Spain, Portugal and Ireland getting out of the Euro.
I'm not such an expert at currencies policies myself. What do you think?
Hi guys, on the French radio I'm hearing everyday of the possibility of Greece, Italy, Spain, Portugal and Ireland getting out of the Euro.
I'm not such an expert at currencies policies myself. What do you think?
[size=1][color=grey]My name is Plissken[/color][/size]
What exactly are they saying?
What are the reasons also?
They say that those states won't be able to borrow money anymore, on the international financial markets. So they'll go bankrupt, like for example not being able to pay their civil servants.
So they will have to get out of the Euro in order to be able to implement the monetary policies that suit them. But I'm not an expert.
Hungary has called for help from the richer Europeans. That help was refused, and Hungary is now controlled by the International Monetary Fund. Grim Grim Grim.
[size=1][color=grey]My name is Plissken[/color][/size]
Nah the eu is already thinking about:Originally Posted by arnaudherve
The European Union (EU) is considering the possibility of lending between $75 billion to $100 billion to the International Monetary Fund (IMF) to boost its ability to lend to countries suffering the fallout of the global downturn.
That should help a bit.
Still, even as the investor consensus ravages the euro, it's worth remembering that the same herd instinct not long ago was pronouncing last rites for the dollar. Last year, as China's central bank chief called for a new global currency and Russian central bankers dumped greenbacks to buy euros, many saw the dollar's decline as inevitable. Now, the dollar is riding high, and the euro looks bedraggled.
"Views might change very quickly"
Hungary wasn't in the euro. Nor was Iceland. Result=IMF.
Britain - a major world economy - has seen its currency hammered in recent months.
If we as a small nation were kicked out of the euro - and I don't see how they could make that happen easily - it would be the nightmare scenario.
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I don't think anybody will ever leave the euro.
Even germany would be in big trouble if they left.
Still, even as the investor consensus ravages the euro, it's worth remembering that the same herd instinct not long ago was pronouncing last rites for the dollar. Last year, as China's central bank chief called for a new global currency and Russian central bankers dumped greenbacks to buy euros, many saw the dollar's decline as inevitable. Now, the dollar is riding high, and the euro looks bedraggled.
"Views might change very quickly"
There are lots of small countries all over the world with their own currencies who haven't had the IMF in to loot them. Ireland would benifit from having it's own currency as it could be devalued and "competitiveness" would be restored.
Huh nonsense, ireland leaving the euro would bring it back before they joined the eu.
But even worse then they were then.
It would probably destroy ireland, every person with money would leave.
It's just something people agains the eu like to shout around.
Still, even as the investor consensus ravages the euro, it's worth remembering that the same herd instinct not long ago was pronouncing last rites for the dollar. Last year, as China's central bank chief called for a new global currency and Russian central bankers dumped greenbacks to buy euros, many saw the dollar's decline as inevitable. Now, the dollar is riding high, and the euro looks bedraggled.
"Views might change very quickly"
Oh gods what nonsense! Phrases like "It would probably destroy ireland" would never be shouted around by people mindlessly supporting the euro no matter what.
Well maybe destroy was a bit much,let say it will weaken ireland so much that you can't afford a bike anymore.
that's better.
Still, even as the investor consensus ravages the euro, it's worth remembering that the same herd instinct not long ago was pronouncing last rites for the dollar. Last year, as China's central bank chief called for a new global currency and Russian central bankers dumped greenbacks to buy euros, many saw the dollar's decline as inevitable. Now, the dollar is riding high, and the euro looks bedraggled.
"Views might change very quickly"
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