the end of the euro in Spain
#211
Lost in BE Cyberspace
Joined: Apr 2009
Posts: 7,749
Re: the end of the euro in Spain
You guys dont get it, Europe is in a better state of health than the UK. The Euro problems are structural not cronic. The summit will change the rules of the ballgame so Europe can be more in control of their financial destiny (e.g. having control of the bond markets, European ratings agencies)
When this happens the EU will be control of their own debt and then noone will buy the UK's. Then the UK goes down the pan
I was talking to investment banker only on Friday, a UK one - and this was his prognosis. The UK is increasingly irrelevant to the US, if it becomes irrelevant to Europe too there will be disaster. Already a lot of the international finance operations have moved to the Far East
#212
squeaky clean
Joined: Mar 2010
Location: Spain 4th feb 08 - October 11, now flits batck and forth from sunny Worthing
Posts: 1,576
Re: the end of the euro in Spain
Jo xxx
#213
squeaky clean
Joined: Mar 2010
Location: Spain 4th feb 08 - October 11, now flits batck and forth from sunny Worthing
Posts: 1,576
Re: the end of the euro in Spain
Erm, the UK is almost bankrupt too. It is actually the most indebted country on the planet, along with Japan, even higher than the US
You guys dont get it, Europe is in a better state of health than the UK. The Euro problems are structural not cronic. The summit will change the rules of the ballgame so Europe can be more in control of their financial destiny (e.g. having control of the bond markets, European ratings agencies)
When this happens the EU will be control of their own debt and then noone will buy the UK's. Then the UK goes down the pan
I was talking to investment banker only on Friday, a UK one - and this was his prognosis. The UK is increasingly irrelevant to the US, if it becomes irrelevant to Europe too there will be disaster. Already a lot of the international finance operations have moved to the Far East
You guys dont get it, Europe is in a better state of health than the UK. The Euro problems are structural not cronic. The summit will change the rules of the ballgame so Europe can be more in control of their financial destiny (e.g. having control of the bond markets, European ratings agencies)
When this happens the EU will be control of their own debt and then noone will buy the UK's. Then the UK goes down the pan
I was talking to investment banker only on Friday, a UK one - and this was his prognosis. The UK is increasingly irrelevant to the US, if it becomes irrelevant to Europe too there will be disaster. Already a lot of the international finance operations have moved to the Far East
Jo xxx
#214
Lost in BE Cyberspace
Joined: Apr 2009
Posts: 7,749
Re: the end of the euro in Spain
Investment bankers all have different views and opinions, just like everyone else. No not everyone "gets it" cos the media dont seem to "get it" , oh and like to sensationaize (Good news is no news!) and therefore are printing complete tosh! The Uk isnt in a good shape, however, the UK is able to get itself back on track, albeit slowly and is showing that it is making good inroads!
Jo xxx
Jo xxx
The point I wanted to make it that apparently 70% of Brits support what Cameron did, so they want to be gloriously isolated which I find crazy
But probably that is because the lying sensationalist press in the UK have been saying that the UK have been bankrolling Europe for years when the very opposite is true. With Thatchers rebate the UK were barely even net contributers
One of the papers I read today said it wasnt fair because the UK contribute one third more to the EU than Spain. However, they didnt mention that the UK's population is one third higher than Spain's
#215
Banned
Joined: Dec 2006
Location: Living in a good place
Posts: 8,824
Re: the end of the euro in Spain
No country can control it's debt unless it owns it. No the UK is not in a good state but it is better than the eurozone as is it's banks. 3 French banks were downgraded on Friday and La Mancha has had it's debts graded to junk. One of the reasons European banks are in a mess is because they pretended they didn't have a problem. The UK can still attract investors at a little over 2%...what is Spains...5%+. Many of Europes banks need re-financing, that didn't come from the UK media.
Maybe we will get our fishing rights back now which we handed to Europe on a plate.
Maybe we will get our fishing rights back now which we handed to Europe on a plate.
#216
Lost in BE Cyberspace
Joined: Apr 2009
Posts: 7,749
Re: the end of the euro in Spain
Did you really not relate to Spaniards or other Europeans having lived in Europe so long? How can people who are so staunchly in defense of their country not want to live there?
If I loved Britain so much I would never have left
#217
Re: the end of the euro in Spain
French Presidential candidate Francois Hollande who is ahead in the polls at the moment would renegotiate the deal on the Euro.
He is not happy that France has bowed to German pressure.
So don't think everything in the Euro garden is lovely
He is not happy that France has bowed to German pressure.
So don't think everything in the Euro garden is lovely
#218
Joined: Jun 2011
Location: In the middle of 10million Olive Trees
Posts: 12,053
Re: the end of the euro in Spain
They all know they signed up for a common marketplace, where you can cross borders without much hassle, theoretically pay the same price for something irrespective of which country you buy it in.
But none of them agreed to sign up for the German austerity, no laughs a minute lifestyle, where German fiscal stormtroopers will come in and tell you how much you must save, how much you can spend and on what.
Perhaps that is what is wrong with the Eurozone, they are all pulling in different directions, all want their interest before depositing the money.
whilst Merkozy want UK to be party so they can demand more payments from us to protect them in their forthcoming elections. Sarkozy even talked Carla into having a baby to get the sympathy vote.
#219
BE Forum Addict
Joined: Apr 2010
Location: London (mainly)/Oliva
Posts: 2,137
Re: the end of the euro in Spain
One of the things I find shocking is the "this vs. them" attitude typified by the comment above
Did you really not relate to Spaniards or other Europeans having lived in Europe so long? How can people who are so staunchly in defense of their country not want to live there?
If I loved Britain so much I would never have left
Did you really not relate to Spaniards or other Europeans having lived in Europe so long? How can people who are so staunchly in defense of their country not want to live there?
If I loved Britain so much I would never have left
#220
Straw Man.
Joined: Aug 2006
Location: That, there, that's not my post count... nothing to see here, move along.
Posts: 46,302
Re: the end of the euro in Spain
Though a painful read for a British national, the article is spot on. The Eurozone especially, and even the EU itself, is much better off without the UK trying to block every move to move forward.
The UK may also be much better off out of the EU, but maybe that only applies to England and not Scotland, Northern Ireland and Wales.
England and the Tories will cling to the idea of Empire, and the friends across the Atlantic, for at least another hundred years; Labour might change its mind in twenty, leaving only the Lib/Dems to beat the tiny drum for Europe.
And after their act of treachery in siding with the boys from Eaton, who's going to vote for them?
The UK may also be much better off out of the EU, but maybe that only applies to England and not Scotland, Northern Ireland and Wales.
England and the Tories will cling to the idea of Empire, and the friends across the Atlantic, for at least another hundred years; Labour might change its mind in twenty, leaving only the Lib/Dems to beat the tiny drum for Europe.
And after their act of treachery in siding with the boys from Eaton, who's going to vote for them?
Interesting you mention Hollande as its the upcoming Presidential Elections that I feel is driving the Poison Dwarf more than anything else... shock horror, a politician looking after their own interests!
#224
Re: the end of the euro in Spain
The few that may not see it that way are the few that sit in the UK slagging off Spain all the time and blaming it for all the problems in the world.
#225
squeaky clean
Joined: Mar 2010
Location: Spain 4th feb 08 - October 11, now flits batck and forth from sunny Worthing
Posts: 1,576
Re: the end of the euro in Spain
Yes of course. You are taking the optimistic view, I was stating the pesimistic one
The point I wanted to make it that apparently 70% of Brits support what Cameron did, so they want to be gloriously isolated which I find crazy
But probably that is because the lying sensationalist press in the UK have been saying that the UK have been bankrolling Europe for years when the very opposite is true. With Thatchers rebate the UK were barely even net contributers
One of the papers I read today said it wasnt fair because the UK contribute one third more to the EU than Spain. However, they didnt mention that the UK's population is one third higher than Spain's
The point I wanted to make it that apparently 70% of Brits support what Cameron did, so they want to be gloriously isolated which I find crazy
But probably that is because the lying sensationalist press in the UK have been saying that the UK have been bankrolling Europe for years when the very opposite is true. With Thatchers rebate the UK were barely even net contributers
One of the papers I read today said it wasnt fair because the UK contribute one third more to the EU than Spain. However, they didnt mention that the UK's population is one third higher than Spain's
BTW, I love Spain, but this topic isnt about who we like the best, its about the issue surrounding this recent treaty and the problems in the Eurozone!
Jo xxx
Last edited by jojojojojo; Dec 12th 2011 at 9:26 pm.