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Pound slumps again..

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Pound slumps again..

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Old Jun 13th 2013 | 12:10 am
  #166  
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Default Re: Pound slumps again..

Also though as with UKIP in UK there must be some public concern or it wouldn't get the publicity
 
Old Jun 13th 2013 | 12:32 am
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Default Re: Pound slumps again..

Some anti-euro citizens in Spain too

http://finance.townhall.com/columnis...works-n1606159
 
Old Jun 13th 2013 | 12:37 am
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Default Re: Pound slumps again..

Originally Posted by jackytoo
Some anti-euro citizens in Spain too

http://finance.townhall.com/columnis...works-n1606159
now I would never have thought that



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Old Jun 13th 2013 | 10:38 pm
  #169  
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Default Re: Pound slumps again..

The major barrier to most Spanish people wanting to leave the Euro, is that they'd never trust their politicians or bankers in Madrid (or Barcelona for that matter) to be in charge of the nation's currency again.
Remember that as exports rise, and tourism remains strong, that everyone would prefer to be paid in a strong currency, rather than one that loses 50% in value overnight.
Someone here once said it was more likely that Germany would leave the Euro. They may have a point.
 
Old Jun 13th 2013 | 11:16 pm
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Default Re: Pound slumps again..

I think Spain would be better off leaving the euro. The troika are now pushing Rajoy to increase VAT and he is resisting. Good for him it would be a disaster. Saw this in the telegraph today

Spain's public debt shot to a record high in the first quarter of this year, the Bank of Spain said Friday, despite Prime Minister Mariano Rajoy's hotly protested austerity squeeze.

Spain's public debt surged to 88.2pc of annual economic output, up by 15.2 percentage points from a year earlier, the central bank said.
 
Old Jun 13th 2013 | 11:22 pm
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Default Re: Pound slumps again..

Originally Posted by steviedeluxe
Someone here once said it was more likely that Germany would leave the Euro. They may have a point.
But surely that would still mean that the Euro would devalue as it is Germany holding it up
 
Old Jun 14th 2013 | 1:08 am
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Default Re: Pound slumps again..

Originally Posted by bobd22
But surely that would still mean that the Euro would devalue as it is Germany holding it up
I'd imagine so, yes. But the Euro would still buy the same things at the same price from France, Italy, Greece etc. Just that Mercedes or Porsche cars would become more expensive...which is probably why the Germans are generally content to stay within the Euro, despite the problems.
 
Old Jun 14th 2013 | 1:16 am
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Default Re: Pound slumps again..

Up to the politicians but I would think the benefit of improved exports and tourism for all the southern European countries would outweigh cost of luxury cars. Mind that didn't seem to be much of a consideration when entering into the venture. I suppose time will tell can't see anything happening soon.
 

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