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Euro about to crash..?

Euro about to crash..?

Old Feb 15th 2010, 1:07 pm
  #76  
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Default Re: Euro about to crash..?

Originally Posted by cricketman
Post 12 on that article by Rugbyprof compares some key numbers by country which shows the UK doing not so well.
Not surprising, I don't think anyone is doing well at the moment. Even France and Germany aren't looking as good as most thought. But I just find it laughable that someone seems to be suggesting that we can believe the figures from the other countries, but it's only UK that would hide the true figures.
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Old Feb 15th 2010, 1:14 pm
  #77  
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Default Re: Euro about to crash..?

Spain's youth unemployment is 44%. Not sure what all this is relevant to the euro crashing though Not crashed so far, we shall see. Many Spaniards think there are more nasty suprises to come. Whatever, doesn't matter which country is worse...they are all in debt and up the shitcreek! Just happy I have bought a house in a place in the UK where they only stay on the market 3-4 weeks and have price increases instead of 3 years or so for mine in Spain which has dropped in price. Don't have to look at any figures to know this.
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Old Feb 15th 2010, 1:24 pm
  #78  
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Default Re: Euro about to crash..?

Originally Posted by agoreira
Not surprising, I don't think anyone is doing well at the moment. Even France and Germany aren't looking as good as most thought. But I just find it laughable that someone seems to be suggesting that we can believe the figures from the other countries, but it's only UK that would hide the true figures.
Again at no point did I suggest that the UK is the only country that is hiding the figures, I merely pointed out the accepted method of measuring international unemployment rates !

I also stated that Spain doesn't publish any unemployment figures, BTW Stephanie Flanders in an earlier part of that article states that bthe UKs bidget deficit is over 12%.

Last edited by Fred James; Feb 15th 2010 at 1:39 pm. Reason: Unnaceptable personal comment removed
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Old Feb 15th 2010, 1:46 pm
  #79  
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Default Re: Euro about to crash..?

Originally Posted by cricketman
Post 12 on that article by Rugbyprof compares some key numbers by country which shows the UK doing not so well.

That's the thing with economies, it's not black and white!
Eh?
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Old Feb 15th 2010, 1:51 pm
  #80  
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Default Re: Euro about to crash..?

Originally Posted by dmu
Sorry to split hairs, but €€€ existed in 1999 for cheques and money transfers.
I recall doing exchange and transfers about 8 year ago at about 1.55 euro to the pound.
However I recently looked at some graphs regarding trading rates 10 year ago and there appeared to be 2 peaks of in the region of 1.8 euro to the pound, on World markets at that time!
Oh to turn the clocks back!
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Old Feb 15th 2010, 2:00 pm
  #81  
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Default Re: Euro about to crash..?

Originally Posted by rugbymatt
Eh?
On this link

http://www.bbc.co.uk/blogs/thereport...hanieflanders/

(click on the comments button at the top)

Must be a relative of yours
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Old Feb 15th 2010, 2:07 pm
  #82  
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Default Re: Euro about to crash..?

Originally Posted by cricketman
On this link

http://www.bbc.co.uk/blogs/thereport...hanieflanders/

(click on the comments button at the top)

Must be a relative of yours
Error 404 - Page not found
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Old Feb 15th 2010, 2:37 pm
  #83  
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Default Re: Euro about to crash..?

Originally Posted by Dick Dasterdly
I recall doing exchange and transfers about 8 year ago at about 1.55 euro to the pound.
However I recently looked at some graphs regarding trading rates 10 year ago and there appeared to be 2 peaks of in the region of 1.8 euro to the pound, on World markets at that time!
Oh to turn the clocks back!
8 years ago? 2002 ?

The name euro was officially adopted on 16 December 1995.[6] The euro was introduced to world financial markets as an accounting currency on 1 January 1999, replacing the former European Currency Unit (ECU) at a ratio of 1:1. Euro coins and banknotes entered circulation on 1 January 2002.


On 1st Jan 2002 £1 was 1.613014 to the euro


I have looked on the web and cannot see a time when it was above 1.65€ to £1. Don't know when it was 1.8 !
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Old Feb 15th 2010, 3:25 pm
  #84  
 
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Default Re: Euro about to crash..?

Originally Posted by johncar61
I have looked on the web and cannot see a time when it was above 1.65€ to £1. Don't know when it was 1.8 !
On May 3rd 2000 it was 1.755 - which to one decimal place is 1.8
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Old Feb 15th 2010, 3:34 pm
  #85  
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Default Re: Euro about to crash..?

Originally Posted by Fred James
On May 3rd 2000 it was 1.755 - which to one decimal place is 1.8
Interesting, the Euro was not introduced as currency until 1st January 2002.
Not sure what Euro you are referring to.

Last edited by johncar61; Feb 15th 2010 at 3:44 pm.
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Old Feb 15th 2010, 3:42 pm
  #86  
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Default Re: Euro about to crash..?

The Euro was introduced at midnight 1999 in virtual form for none physical payments, ie; bank transfers, travellers cheques etc.
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Old Feb 15th 2010, 3:46 pm
  #87  
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Default Re: Euro about to crash..?

Originally Posted by icharus
The Euro was introduced at midnight 1999 in virtual form for none physical payments, ie; bank transfers, travellers cheques etc.
Well as I posted that info at post 83, please excuse me for saying, I know that.
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Old Feb 15th 2010, 3:55 pm
  #88  
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Default Re: Euro about to crash..?

Originally Posted by johncar61
Well as I posted that info at post 83, please excuse me for saying, I know that.
And I mentioned it in post 53!
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Old Feb 15th 2010, 3:56 pm
  #89  
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Default Re: Euro about to crash..?

Originally Posted by johncar61
Well as I posted that info at post 83, please excuse me for saying, I know that.
Well then why are you asking the question if you already know the answer
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Old Feb 15th 2010, 4:07 pm
  #90  
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Default Re: Euro about to crash..?

Originally Posted by Dick Dasterdly
I recall doing exchange and transfers about 8 year ago at about 1.55 euro to the pound.
However I recently looked at some graphs regarding trading rates 10 year ago and there appeared to be 2 peaks of in the region of 1.8 euro to the pound, on World markets at that time!
Oh to turn the clocks back!
Dick, sorry I seem to have missed the point you were making. I'd be grateful if you would explain.
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