Re: Eurozone will collapse...
 

Nurse..... Nurse.....Nurse!!....NURSE!!!!

Re: Eurozone will collapse...
 

The emphasis in this one is equally worrying:

The aim of regulation should not be to restrict profits, it should be to restrict dangerous activity that puts the savings of ordinary people at risk.

The notion that profit is an inherently bad thing is just nuts. The wheels would come off this country pretty quick if we carried on like that.

Re: Eurozone will collapse...
 

I fear we may need to call one.... :D

Yeah right! :rolleyes:

Re: Eurozone will collapse...
 

Me thinks that it's only really the Germans who do well out of the Euro. They are one of the larger countries both in size and finance but they are pretty much wholly northern European so will tend to have the same thinking about work and finance across the nation.

France is big but stretches more widely that Germany so while the political classes are up north they do have a med "border too".

So we have northern Germany and political France trying to impose a common financial model on countries with very different outlooks and attitudes. Then they wonder why it doesn't work.

Maybe they should have kept national currencies and financial rules and made the Euro a sort of trade currency so businesses could trade across boundaries with less regulation and better pricing and then set prices to consumers according to local conditions.

Re: Eurozone will collapse...
 

excessive profit is a bad thing, as profits ultimately have to come from somewhere.

you not noticed whenever the top 1% get richer then the rest suffer?

It would seem the US and the UK are sucking the world dry in pure greed cultures.

The financial sector in itself puts the savings of average people at risk, I call it for it to be disbanded and you call me nuts, what is it you want as you cant have both. If you support the financial sector then you support risk.

Re: Eurozone will collapse...
 

Only if the average people have more than £85,000 in savings (£170,000 for a joint account) per bank....

Re: Eurozone will collapse...
 

Chrys, the "financial sector" is a very wide term. It includes the bank where you keep your current account. It includes Paypal and the mechanisms that allow you to collect payments from your customers, and to pay your suppliers, within the Eurozone, and to transfer and convert Euros into Sterling to allow you to pay Direct Debits from your current account.

The financial sector operated perfectly safely for many decades - that much is clear from the first 20 minutes of the documentary being discussed in the other thread just now. It was deregulation of financial services and failure to regulate new financial products that caused the problems, not the existence of the financial sector itself.

Similarly, what exactly is an excessive profit? A large profit in a properly competitive marketplace is a sign of success. It is warped, discredited, Marxist thinking in the extreme to assert that it must of necessity indicate exploitation.

Who determines the level at which a profit is judged 'excessive'?

What action should be taken on excessive profit? Confiscation, or rules that simply prevent a profit being reached? How would such rules be defined?

Most pertinent of all, what's the point of regulating profit levels while doing nothing about the way in which those profits were attained? It wasn't profits that caused the 2008 crash, it was the activity undertaken in pursuit of those profits.

My contention is that you are targeting your ire in the wrong place. You are doing so because you see "disbanding" and "regulation of profit" as the only two options, when they quite simply aren't.

Regulation is most definitely the answer, but it is regulation of behaviour within the industry, not regulation of the outcomes, that is required.

Re: Eurozone will collapse...
 

Has this veto actually changed anything then? The EU 'Commissioner for Economic and Monetary Affairs' has said that it doesn't exempt the UK from any additional financial regulations they wish to impose. I guess we knew this already as the treaty didn't contain anything about those regulations but it serves as a reminder.

If anything this may have damaged the chances of stopping those regulations as we are now further removed from a decision making within the EU, as well as possibly causing it's existing members to care less about UK demands. It's looking more like political grandstanding rather than effective bargaining for UK interests.

I am also wondering if such regulation is such a bad thing anyway. A year or so ago we were disgusted at how a lack of regulation had allowed banks to cause chaos with our economy and now we are bitterly defending those very same institutions against that regulation being imposed by the EU. When did we suddenly turn full circle on this? Not really sure that it is in the best interests of our country either, that after the last few years nothing has changed other than the debt incurred bailing out banks.

What's the best argument we have in their defence? That will go elsewhere? Well so what? That was true before, when the previous government wouldn't impose stricter regulations for fear it would damage the City. It will always be true. If the banks are happy to be bailed out but unhappy to have to abide by rules to prevent gettting into trouble in the first place then they might as well leave.

Re: Eurozone will collapse...
 

So far as I can see they're being defended against a Tobin Tax which wouldn't apply outside Europe, that's the problem. I may be wrong but believe Cameron made the point that any such tax would have to be agreed globally in order to avoid the UK in particular being put at a major competitve disadvantage and the trading simply moving elsewhere. IIRC much of the regulatory change required has already happened.

Re: Eurozone will collapse...
 

Regulations can be implemented by QMV (qualified majority voting) but taxation would require unanimity (i.e. UK can still veto). AFAIK a lot of regulation is already agreed and set to come in by about 2014.

Re: Eurozone will collapse...
 

I thought the Tobin Tax was one of many regulations being considered by the EU. We wanted an exemption from any EU directive being imposed on our finance industry. That was my understanding anyway....

---------- Post added at 15:34 ---------- Previous post was at 15:33 ----------

So essentially we always had, and have, the option not to impose the Tobin Tax but abide by the other measures?

Re: Eurozone will collapse...
 

One of the beefs the UK government has is the suggestion that the UK cannot unilaterally impose tougher regulations than the ones set by the EU (I think we're challenging that in the European Court at the moment). Resolution of this complaint may have been one of Cameron's negotiating demands last week. The fact that even this demand was not conceded is, IMO, very revealing of the mindset of the French and German governments in particular.

Re: Eurozone will collapse...
 

So essentially we wouldn't sign because we couldn't get assurances that we could impose tougher regulations? That's weird.

Shows what I know...:dunce:

Re: Eurozone will collapse...
 

Partially, yes. As always the truth is a little more nuanced, and as Europe is such a charged issue in British politics it's phenomenally difficult to get anything like a balanced commentary on what went on and what the consequences might be.

One thing I did notice, this morning, was how effortlessly *David* Milliband set up a convincing line of opposition to David Cameron's summit performance (likening the situation to Anthony Eden's 'failure' to take us into Europe in 1955). That one line has had more resonance than any of the lightweight jaw-flapping his brother has managed to produce at any point in the last three days.

---------- Post added at 15:48 ---------- Previous post was at 15:46 ----------

... that same Ed Milliband is currently on his feet castigating the Tories for not paying attention to Michael Heseltine. :erm:

... or the Deputy PM, who is a member of a different political party whose European policy everybody has always known is pretty much the polar opposite of the Tories'. :erm:

Re: Eurozone will collapse...
 

I was referring to UK regulation of the City etc. which IIRC is coming under Bank of England control as opposed to the FSA's.

I think all of the above has to be seen in the context of a relationship with Europe which has proved very difficult over many years and fraught with disagreements. The Franco-German view of the EU has always been substantially different from our own and my feeling is that Cameron did not believe there could be any guarantees that the tax and other regulations could/would not be imposed on the UK by the back door. Given what I hear other EU representative saying after Cameron's veto was used it seems clear to me that there's even disagreement amongst them about how far the existing highly complex treaties go and what is/isn't possible with regard to the UK. As I've said before there's still every chance they'll try to impose new rules/taxes on the UK and we may wind up having to consider leaving the EU altogether. My feeling is that this is what they want.

Re: Eurozone will collapse...
 

Cameron's on his feet again now.

LIVE: http://www.bbc.co.uk/news/uk-politics-16136672

---------- Post added at 15:57 ---------- Previous post was at 15:52 ----------

I think Merkozy (the Sarko part of it in particular) has a better instinctive understanding of the British people's view of Europe than most mainstream British politicians.

If he helps show us the door he will have done us an immense favour.

Re: Eurozone will collapse...
 

I agree which is why I said in earlier posts I would be fine if it was reregulated.

However its evident if we reregulated they would all up and leave.

---------- Post added at 16:07 ---------- Previous post was at 16:00 ----------

hmm wheres clegg? :)

Re: Eurozone will collapse...
 

How did Labour end up with Ed. :( Dam Unions.

Re: Eurozone will collapse...
 

Re: Eurozone will collapse...
 

Due to harmonisation of regulation the UK may be unable to implement, amongst other things, the ringfencing of retail arms of banks and other sections of Vickers.

Re: Eurozone will collapse...
 

Yes, Fair enough. My earlier rant was unwarranted. oops:

Re: Eurozone will collapse...
 

http://www.bbc.co.uk/news/business/

Whilst Sarkozy still apparently thinks France's best interests lie entirely in their 'alliance' with the Germans and getting the UK out of the equation, Merkel seems to have a more conciliatory approach, possibly worrying that France has some way to go to get its own financial house in order and what problems that may entail.

http://www.bbc.co.uk/news/world-europe-16177674

Anyway, it appears the Swedes, Hungarians, Czechs and Irish are already expressing concerns about the way forward being proposed and I can see others following when the reality hits home. If anyone thought what was agreed last week amounted to very much more than a decision to talk about it all over again I think they may have a shock coming.

Re: Eurozone will collapse...
 

http://blogs.telegraph.co.uk/news/da...g-for-britain/
http://blogs.telegraph.co.uk/news/da...e-anglophobes/

Not a lot else to say, I'm sure people can find the video of Eurocrats threatening and insulting the UK for daring to ask for, well, the existing agreements to be respected. How rude of us.

Re: Eurozone will collapse...
 

Good old bbc again.

I have just checked the year graph for the exchange rate.

Last year when the euro dropped the bbc got all excited like they are now.

On march the euro then got stronger and I cannot find any bbc news reports reporting this. So someone without checking into it would think it dropped last christmas and then dropped again further now, whilst whats actually happened is its now the same value as last march. I expect it to drop some more whilst the news agencies get all wet over it, but eventually when more interesting news happens it will recover again in the summer.

Re: Eurozone will collapse...
 

How are you finding things,, with so much of your business in Euros?

Actually, a bigger question might be, do you have a contingency plan in case the Eurozone goes completely mammaries skywards in the new year?

Re: Eurozone will collapse...
 

I'm not sure what happened to my original link (whether I posted it incorrectly or somehow it got altered) but here it is again:

http://www.bbc.co.uk/news/business-16181054

It states quite clearly that the fall takes the Euro back to levels last seen in Jan 2011. By definition this means that the Euro has been higher since then so I'm not sure what your point is. I don't know what more 'interesting' news there is than the EU/Eurozone being in crisis which it clearly is but I'd have thought that might explain the focus being more on falls in the Euro than the odd increase which has usually greeted the release 'not so bad news' as opposed to genuinely good news.

Cast your mind back to when Sterling was faring even more miserably against the Euro and the media was fall of reports about the prospect of parity and how awful that was for Brits abroad.

Re: Eurozone will collapse...
 

I googled on "bbc news march 2011 euro strengthens against pound"

and the first thing that came up was BBC -Euro strengthens after EU agrees Greece deal

I then googled on "bbc news march 2011 pound falls against euro" and this came up - BBC - Pound falls against dollar and euro on 'recession risk'

Didn't take much looking.....;)

Re: Eurozone will collapse...
 

I looked but didnt look for those words.

Re: Eurozone will collapse...
 

Don't you think those were the relevant words?

Re: Eurozone will collapse...
 

Very well put :)

Re: Eurozone will collapse...
 

:rofl:

A 'Plan B' you mean? :D

Re: Eurozone will collapse...
 

No idea if already posted in this thread but this really does say it all ;)

Re: Eurozone will collapse...
 

:rofl:

Although since last week it looks like our share of the German excrement is going to be deposited on the other member states to share.

Re: Eurozone will collapse...
 

Hah, no, looks as though they're all gathering it up to throw at us now.

The plot thickens anyway. Looks as if in the cold, hard light of day some non-Eurozone nations are wondering just what they've signed up for.

http://www.scribd.com/fullscreen/757...prjcbeot8i3qmr

Re: Eurozone will collapse...
 

I thought David Davis' comments in this morning's Torygraph were telling.

http://www.telegraph.co.uk/news/worl...want-more.html

Re: Eurozone will collapse...
 

There was a story (Mentioned on Have I got news for you) that Germany was printing loads of Deutsche Marks, so they have 100% confidance in the Euro, me thinks not.

Re: Eurozone will collapse...
 

The head of the French central bank, Christian Noyer, who is also a governor of the ECB, has thrown his rattle out of the pram and insisted Britain should lose its AAA credit rating before France does.

http://www.telegraph.co.uk/finance/f...CBs-Noyer.html

Re: Eurozone will collapse...
 

there is many words which could have been relevant.

Re: Eurozone will collapse...
 

At this rate only China, India and Brazil will have a AAA credit rating :D

Re: Eurozone will collapse...
 

lol - I'm sure the ratings agencies will listen to him, NOT! If anything they're likely to be more suspicious of the French situation and Eurozone credibility because of his childish rant I'd have thought.

Who knows whether time will proven Cameron right or wrong on his stance but the more I hear of this sort of pathetic nonsense the more I believe the former.

Re: Eurozone will collapse...
 

Just not the ones you chose....;)

Re: Eurozone will collapse...
 

It makes me think should we have sacrificed all those men to liberate Europe some 65 years ago.

Re: Eurozone will collapse...
 

http://www.bbc.co.uk/news/uk-politics-16209414

Thought they didn't love us anymore......

Re: Eurozone will collapse...
 

They're nervous because various non-Eurozone countries have realised what nonsense they're signing up for and are getting cold feet. This ignoring that in Ireland this'll almost certainly require a referendum to which the answer will be a pretty clear 'no'.

Re: Eurozone will collapse...
 

My post was laced with sarcasm. ;) I agree with your analysis and have already posted to that effect.

Aside from a referendum, IIRC Ireland benefits greatly from much lower corporation tax levels than the rest of the EU and somehow I can't see them being prepared to sacrifice those with the adverse effects so doing would have on their economy.

I really don't know what's driving current EU decision making but it doesn't seem to be common sense. Political tunnel vision, desperation, blind panic maybe? Let's hope not eh....

---------- Post added at 09:41 ---------- Previous post was at 09:35 ----------

"YOU VILL SAY YES!!!!!"
:D

Re: Eurozone will collapse...
 

http://www.bbc.co.uk/news/uk-politics-16209414

Re: Eurozone will collapse...
 

All of which confirms, for those who don't already accept it, that when the going gets tough the gloves come off and the knives come out (excuse the mixed metaphor). It's all a bit "my team's better than your team" isn't it. Does anyone out there really believe people like this are capable of making decisions for the greater good? I don't.

Re: Eurozone will collapse...
 

exactly.:clap:

Re: Eurozone will collapse...
 

The war of words continues:

http://www.bbc.co.uk/news/uk-politics-16222988

Re: Eurozone will collapse...
 

Yes, the overriding issue our French neighbours seem to be overlooking is that we're not in the Euro.

Our deficit and growth outlook may be no better than the French or even a little worse, but we haven't got to carry Italy, Greece, Spain & Portugal.

Re: Eurozone will collapse...
 

Our banks are also already recapitalised, 250bln of our debt is held by our central bank and can be torn up at will, and our banks are far, far, far less heavily exposed to the PIIGS with the exception of Ireland who we're assisting unilaterally.

Re: Eurozone will collapse...
 

http://www.bbc.co.uk/news/business-16226543

I expect the French will now be demanding an even worse rating for the UK.

Anyway, it looks like their recent comments directed at the UK have been noted by World Bank President Robert Zoellick:

http://www.reuters.com/article/2011/...7BF1PH20111216

He's right about the 'tinderbox' I believe but I wonder if the French are now going to play "my bank's bigger than your bank" whilst we all sink into the political and economic mire...

Re: Eurozone will collapse...
 

http://www.bbc.co.uk/news/business-16253026

I think we're fast getting to the point where most of us don't believe a word any of these people say.

Re: Eurozone will collapse...
 

Fear the bitching is prelude to european War.

If we dont sort it peacefully then I fear thats what will happen. The bitching happening is they acting like school kids in playground before the scrap ensues.

I hope I am very wrong but our loutish kids in power it seems at present. They have one track method solving problems they wont work together you will always have one throw his toys out the pram. First blood to that was cameron squealing like spoilt brat.

Then the french we sadly instead adults being civil admitting you wont get all what you want and concede ground at least you working to common goal.

We wont solve europe issues due to pettyness bratish behavour so sadly it will end in only way brats behave thats war.

Re: Eurozone will collapse...
 

l somehow do not think a European war is likely despite our huge differences as no country ever wants to go through the terrible events of two world wars that costs many many lives and took countries twenty years to rebuild afterwards.

Re: Eurozone will collapse...
 

You are very wrong.

Wars happen over resources or territory, not people bitching about each other.

Re: Eurozone will collapse...
 

Or started because someone has a thing about the tories ;)

Wonder if we can get Blair to make up some lies thats should do the trick if you want a war :LOL:

Re: Eurozone will collapse...
 

Never mind them all the parties are to blame

What again?

Re: Eurozone will collapse...
 

Agreed

Indeed, He was so good at it :)

Re: Eurozone will collapse...
 

http://www.bbc.co.uk/news/business-16298773

How much more 'junk' is there within the EU I wonder? :erm:

Re: Eurozone will collapse...
 

am I the only one who is sceptical about an american private company dropping ratings of EU countries?

Re: Eurozone will collapse...
 

You mean perhaps it'd be more credible if it were a company owned by the Hungarians or Greeks, Italians, Spanish, Portuguese, Irish etc. etc. etc? :D

Anyway, just in case you're suggesting some form of undue national and/or political bias (as opposed to pure ineptitude) that same US agency quite recently downgraded its ratings for the US from AAA to AA+

http://www.guardian.co.uk/world/rich...ebt?CMP=twt_gu

http://en.wikipedia.org/wiki/Standard_%26_Poor's

Re: Eurozone will collapse...
 

http://www.bbc.co.uk/news/world-europe-16301956

Found this one interesting - cash transactions above 1,000 euros outlawed to discourage tax evasion!

Re: Eurozone will collapse...
 

no it would still be dodgy.

this is the same agency rating subprime mortgages triple AAA

Re: Eurozone will collapse...
 

So now your original point about it being an American private company dropping ratings of EU countries is totally irrelevant then? It's just a dodgy company pure and simple.

Phew, I'm so glad that things aren't really as bad as they look..... :rolleyes:

Re: Eurozone will collapse...
 

no

I said the fact its both american and a private company and especially one that in my view has acted wrongfully in the past makes the change of ratings dodgy also with the warning france had a swell. Both of these events happened shortly after the uk using its veto.

So when I said if it was a eu agency would I agree with it been dodgy that would be under the basis of a eu agency gave greece a triple AAA rating, I would find that dodgy.

Given economically we are worse off than france I think the france finance minister was right on his comments, and the only reason I think we didnt get the same warning was our better relationship with america so in my eyes was political.

Re: Eurozone will collapse...
 

So it is about it being an American company again then? :confused:

You only added the bit about S&P's previous 'mistakes' in your second post after I'd posted the wikipedia link. Your OP only stated you were sceptical about an American private company.......'

So how does the UK's better political relationship with the US percolate through to S&P giving us a better rating than we deserve? Is that down to the company or the US Govt or both and how would it serve either to do that whilst downgrading the US rating which is far more important to both?

Re: Eurozone will collapse...
 

There sooner it all collapses the better so we can start to rebuild .

Re: Eurozone will collapse...
 

The ratings are not so such about any current financial situation, but about the prospects for any money to be paid back in the future. If a government can clearly show that they have at least the will to tackle any issues, then they will be rated more favourably. People striking or rioting (eg in Greece) because they don't like what is required, will not help any situation. That would also adversely affect any confidence to invest.

Re: Eurozone will collapse...
 

I found this an interesting read:

http://www.bbc.co.uk/news/world-europe-16305731

Re: Eurozone will collapse...
 

.... and things are even getting tough in Switzerland where their 'safe bet' currency has risen sharply creating massive problems for exporters.

http://www.bbc.co.uk/news/business-16354048

Re: Eurozone will collapse...
 

This is an interesting, if worrying, read:

http://www.bbc.co.uk/news/world-europe-16412705

:shocked:

Then there's resentment towards Germany:

and resentment within Germany:

Re: Eurozone will collapse...
 

god knows what will happen in Europe this year!

Re: Eurozone will collapse...
 

Well, Tottenham are unlikely to be there....

Re: Eurozone will collapse...
 

what do you mean?

Re: Eurozone will collapse...
 

This might be interesting, Daniel Hannan. I obviously agree, but I would love to see if anyone offers up any counter arguments?

Re: Eurozone will collapse...
 

http://www.bbc.co.uk/news/business-16556860

Some of those 'rock solid' Eurozone banks are going to have to take a major 'haircut'*....

* http://financial-dictionary.thefreed...ry.com/Haircut

Re: Eurozone will collapse...
 

The problem for the Eurozone is that you have economies of varying strengths trying to maintain the Euro.

The matter is made worse by the debts of some of the weaker economies and the fact that the stronger economies are having to bail them out.

It would be simpler if they recognized the fact that the Euro was dead and allowed all economies to return to their original currencies at a level they could easily support.

Countries like Greece are just going to have reduce their spending and learn to live within their means like everybody else.

Trying to maintain the Euro is likely to end up dragging down all the other economies and if that happens the Eurozone will not be salvageable.

Re: Eurozone will collapse...
 

If so, perhaps they could play them a tape of Harold Wilson explaining that their currencies are going to be devalued but that doesn't mean the money in their pockets will be worth less.... :rolleyes:

For anyone too young to remember:

http://www.youtube.com/watch?v=mIQnpoGBS1I

Re: Eurozone will collapse...
 

i cried when my pocket money couldn't buy a lucky bag anymore

Re: Eurozone will collapse...
 

:LOL:

This is so close to the truth its sad, Fast forward the first 30 seconds

http://www.youtube.com/watch?v=GO4GG...eature=related

Re: Eurozone will collapse...
 

Things will start to hot up now that a number of Eurozone countries have had their credit ratings down-valued.

Does not look good for Sarcozy prior to the French elections.

Maybe politicians will start to think the unthinkable i.e. that things might be helped if THEY cut their OWN salaries instead of those of everybody else. A person on £100k per year is equivalent to 10 workers on £10k per year but it is doubtful if they do 10 times the work.

Sadly, this government have not realized that more highly paid bosses means fewer actual workers on the ground. Instead of sacking workers they should have reduced wages especially those at the top who have been disproportionately overpaid.

Nice to see that the Lloyds CEO has waived his obscene £2.4 million bonus. That will probably save the jobs of poorer bank workers lower down the chain of command. Pity more bosses cannot think like that instead of simply sacking workers to improve the balance sheet.

The government itself is definitely out of touch with the lives of ordinary people and seems to be more pound foolish than penny wise!! Maybe if they were all on lower salaries they would appreciate better the economics of everyday life for the poor and unemployed in Coalition Britain.

Re: Eurozone will collapse...
 

http://www.bbc.co.uk/news/business-16689211

They're talking 'silly money' now......

Re: Eurozone will collapse...
 

ok so we all raise the 500bl what happens when that runs out ?

Re: Eurozone will collapse...
 

They'll print some more??... :erm:

Re: Eurozone will collapse...
 

like this :D




http://www.cableforum.co.uk/board/at...1&d=1327356713

Re: Eurozone will collapse...
 

It might be more than that!

---------- Post added at 10:39 ---------- Previous post was at 10:12 ----------

Here is how the BBC thinks about how will the euro crisis end:

http://www.bbc.co.uk/news/business-16098582

Re: Eurozone will collapse...
 

Well Merkel reckons a 'big rethink' is needed:

http://www.bbc.co.uk/news/business-16720460

Does this mean she now realises the 'one size fits all' Euro straightjacket doesn't work I wonder? :rolleyes: What is driving this Eurolalaland obsession?? :confused:

Re: Eurozone will collapse...
 

Can l have it to buy Mayfair Martyh.:D

Re: Eurozone will collapse...
 

That wouldn't get you a weeks rent on a bedsit in Lambeth mate! :D

Re: Eurozone will collapse...
 

l better start playing the game to garner a bit more cash in order for me to upsize then.:D

Re: Eurozone will collapse...
 

Become a peer then you can fiddle all you like and claim poverty when you're caught.... ;)

Or become a Labour PM promising to help the poor and when you've been rumbled and booted out, spend most of your life making money and buying multi-million pound property.

Re: Eurozone will collapse...
 

She wants to move futher towards a United States of Europe!

Re: Eurozone will collapse...
 

I thought "modern" Monopoly had more zero's on the notes, now where have we seen that before??http://www.museumoftechnology.org.uk...s/A0465_ex.jpg

Re: Eurozone will collapse...
 

:shocked:

http://www.bbc.co.uk/news/world-16754600

Re: Eurozone will collapse...
 

Christ l cannot believe its gone over 5 million and don't it tell us that things are more then bad but absolutely dreadful in parts of Europe.

Re: Eurozone will collapse...
 

If this continues on, they Europe would be facing big poltical change!

Re: Eurozone will collapse...
 

http://rt.com/news/fitch-downgrade-eu-countries-919/

Re: Eurozone will collapse...
 

http://www.bbc.co.uk/news/world-europe-16773974

That'll go down well in Greece won't it? :rolleyes: How long before they want EU appointed 'commissioners' to run Spain, Italy, Portugal, Ireland etc?....

Re: Eurozone will collapse...
 

Note to Damien & Hugh - remember this post that you rubbished: