Is the Euro Currency Doomed?

EricCrapton



Joined: 30/12/2010
Posts: 325

Message Posted:
21/07/2011 10:22

Ireland, Greece, Italy, Spain and Portugal could be the catalyist for the collapse of the Euro. Two of the latter are also very close to bringing down the Euro!

0maintenance


Joined: 22/09/2010
Posts: 2179

Message Posted:
21/07/2011 10:25

Yes i was watching SKY NEWS last night,the Euro Billions,he said it looks like theres going to be major problens ahead and also trying to get the banks to offer rollovers on interests



Said ireland and greece may never be able to pay back the loans,scary.

Lambousa Gordon


Joined: 03/11/2007
Posts: 1992

Message Posted:
21/07/2011 11:06

http://www.telegraph.co.uk/news/worldnews/europe/8650595/A-euro-crisis...-but-also-an-opportunity-for-Britain.html

EricCrapton



Joined: 30/12/2010
Posts: 325

Message Posted:
21/07/2011 13:07

Thanks for the article Gordon.



Interesting reading but the decision makers are clutching at straws! Whatever solution they decide upon only the individual EU countries economy, manufacturing, services etc. etc. can control their gross domestic output.

cypruschauffer


Joined: 26/09/2007
Posts: 234

Message Posted:
21/07/2011 17:45

so why is the euro rising against the doller pound lira,anyone have an idea.

EricCrapton



Joined: 30/12/2010
Posts: 325

Message Posted:
21/07/2011 20:47

Speculators making a quick killing before the site hits the fan!

EricCrapton



Joined: 30/12/2010
Posts: 325

Message Posted:
21/07/2011 20:47

I meant shite of course.

Middle Easter


Joined: 13/06/2007
Posts: 146

Message Posted:
21/07/2011 21:16

EC _ I agree the Euro is in big trouble, but in answer to the foreign exchange question it has got nothing to do with speculators, there was short blip up due to the Greece credit agreement, but it has retreated to previous levels.



Sterling & the US Dollar are equally weak. for instance the US, the biggest economy on the World are at risk of being downgraded by the credit agencies.....basically we are all in the smelly stuff, not just the Eurozone.



The is more chance of the Euro:Pound dropping from 1.1:1 to1:1 than rising 1.2:1



But don't bet your life saving either way, as no-one really knows....

Brinsley


Joined: 04/04/2009
Posts: 6858

Message Posted:
21/07/2011 21:19

9pm news, no agreement yet in Brussels.



Richard

joseph


Joined: 17/04/2008
Posts: 709

Message Posted:
21/07/2011 23:14

E.U. couldn't care a fig about Greece or any of the PIIGS (Portugal,Italy,Ireland,Greece,Spain) in trouble with rising debts etc.... their interest has always been and remains to save the Euro... come what may. The Euro was to be the european mainstay in the long term policies towards global government and monetary control.



Problem is business is now global too and money markets move with the touch of a button.

The Euro ,like Brussels,is doomed in my opinion and it is just a matter of time.



Meanwhile like Obama they hide behind the gooey empty promises of socialism while everything is going down the plug hole.



Turkey, as a self sufficient nation, would be nuts to even consider joining E.U. unless of course they were broke and wanted lots of freebies that so called richer nations are taxed to death in order to supply them.



Such is life ~?



Regards Joseph

andre514


Joined: 05/10/2010
Posts: 763

Message Posted:
22/07/2011 02:01

msg 10:



having predicted its collapse

as of tonight the euro may now linger on as a basket case

but that very nice christine largard of the imf is starting to talk

about the benefits of a federal europe in relation to the greek bail-out(s)



the eu doesn't only care about the survival of its daft euro experiment,

some northern states are worried about the dangers to their own banks

Clarissa2


Joined: 12/06/2009
Posts: 1476

Message Posted:
22/07/2011 02:08

Re: Msg 11,



If I were you, I would rather worry about the $ collapse.

blade


Joined: 19/06/2010
Posts: 1286

Message Posted:
22/07/2011 14:37

Or the Sterling to TL values. TL has been loosing big time for weeks now.

YFred


Joined: 06/05/2009
Posts: 1471

Message Posted:
22/07/2011 16:22

No problem with Greece. If they can't pay their debt they will just have to sell a few of their islands to the only country that can afford to buy them. Problem solved.

andre514


Joined: 05/10/2010
Posts: 763

Message Posted:
23/07/2011 00:55

message 11:



"psssst...wanna buy some cheap lira and live on land that fell off the back of a lorry?"

Clarissa2


Joined: 12/06/2009
Posts: 1476

Message Posted:
23/07/2011 01:01

Re: Msg 15,



pssst... We all won't be laughing soon with the next world economic crisis looming...



http://www.cyprus44.com/forums/69285.asp

EamonnMc


Joined: 18/06/2010
Posts: 1019

Message Posted:
23/07/2011 02:36

- The Euro will survive ! There are too many countries that need it to prosper ! Many need to worry about the Pound Sterling because it''s outside the Euro, but still part of Europe , When you consider the machinations of the the creeps, that run the " City Of London, and are only concerned about their bonuses and how they can make a buck !! It makes one despair about the many who depend on the the advice of these assholes, who don't give a shit about the ordinary person and their hopes and expectations! ( After investing in various pension schemes ) Financial advisors should be treated with extreme caution, just like the people who want to install your satellite system !! or sell you property !!!