Re: Eurozone will collapse...
 

I think we're increasingly seeing that targets are a moveable feast...

Re: Eurozone will collapse...
 

This is very unsustainable, it is very likly that they would need to borrow money from the ECB/EU or even have a bailout, Europe needs to be prepaired for it, the same goes for Italy and Hungary

Re: Eurozone will collapse...
 

http://www.bbc.co.uk/news/business-17810759

Seems the markets aren't exactly reassured by Hollande's plans to spend France out of trouble.

Re: Eurozone will collapse...
 

so that's why the IMF wanted that extra £10 billion for

Re: Eurozone will collapse...
 

Yes, some people have very short memories and still seem to be oblivious to the perilous state we're in...

---------- Post added at 20:47 ---------- Previous post was at 20:43 ----------

Ooohhh we are being cynical today... :D

Re: Eurozone will collapse...
 

:LOL: Touche

Re: Eurozone will collapse...
 

My understanding of what they proposed were cuts, but lesser cuts, with the idea that we could stimulate the economy by spending. Both the main candidates in this election aren't speaking much about the debt France is in so I don't think either candidate will calm the markets, not that 'the markets' should be able to scare people into how to vote.

Re: Eurozone will collapse...
 

This article makes interesting reading and shows why the French need to be very cautious about what the markets think about their government's intentions. It may not be nice but that's the reality of being in debt isn't it?

http://www.bbc.co.uk/news/business-17811923

Of course, this is no cause for joy here - if/when economies the size of France's get into difficulties anything can happen and that's why I hope the French will ber pragmatic and get on with tackling the problem not exacerbating it.

Re: Eurozone will collapse...
 

http://www.bbc.co.uk/news/world-europe-17811509

Bitter financial medicine is made all the less palatable by the promise of a pain free quick fix.

Re: Eurozone will collapse...
 

I think this is made into a bit more than it is really. The real issue isn't the cuts. Pretty much everyone (except Wilders) is in agreement that cuts are necessary, and that the 3% norm needs to be adhered to. The real issue is that Wilders, who has propped up the minority government with his populist 'Freedom' party, has decided to pull the plug on the government. I think the cuts are just an excuse. They were in negotiations over the cuts for 7 weeks, and he decided to pull out at the last moment, saying he wouldn't adhere to 'dictates' from Europe, conveniently forgetting that the Netherlands was one of the driving forces in favour of the 3% norm. He seems set to run for the next elections on an anti-Europe rather than anti-Islam ticket, coming off the back of slipping polls and substantial numbers of people leaving his party over the undemocratic way in which it's run. The real issue here is Wilders. Not the cuts.

Re: Eurozone will collapse...
 

Let's hope that's true and stability returns.

It seems to me that an increasing number of people throughout Europe will vote for what they want to hear rather than what needs to be done.

Re: Eurozone will collapse...
 

We'll have to see how he does in the next elections. I suspect he won't do too well, but you never know. My impression is that people are getting fed up with him and the undemocratic way he runs his party. Either way, unless he gets over 50% of the vote (highly unlikely, under proportional representation), he won't be back in government. He's proven himself an unreliable partner who has failed to take responsibility and act in the interest of the country. None of the major political parties will want to cooperate with him (ever) again.

Re: Eurozone will collapse...
 

Well it's certainly a risky 'game' for anyone to be playing, not only for the party(ies) involved but for the future of the European economy. At this time we need all serious parties to pull together, face the unpalatable truth and work together to solve the crisis. Sadly, what we're likely to get is the same old political opportunism and point scoring with the consequential risk that vital decisions are avoided, extremists of one sort or another gain popularity and tensions between 'partners' increase.

Re: Eurozone will collapse...
 

Yes, this is what has angered a lot of people in Holland. It's been an incredible waste of time, and elections now look set for September, which means that, unless all other parties pull together, it'll be difficult to pass new legislation, or reach agreement on the budget.

But, the good thing to come out of it is that Wilders has angered his coalition parties so much by stringing them along and then pulling the plug for reasons know only to himself, that he won't be back in government any time soon ;)

Re: Eurozone will collapse...
 

Talking of the EU, bend over and take it. http://www.telegraph.co.uk/news/worl...-payments.html

Re: Eurozone will collapse...
 

Well, well, well. Wilders pulled the plug on the coalition after 7 weeks of talks on cuts, and it takes two days of talks between remaining coalition parties and three centre left parties to reach an agreement on a package of cuts that will bring the deficit below the 3% threshold. Good to see parties working together constructively in the interest of the country, rather than their own electoral gain.

http://www.bbc.co.uk/news/world-europe-17859968

Good piece in yesterday's FT by the way:

Re: Eurozone will collapse...
 

Yes we need more of that sort of thing here. This crisis demands more than the usual point scoring and opportunism and denial so let's hope the agreement reached actually lasts.

In other, bad, Euro-news:

http://www.bbc.co.uk/news/business-17921071

Re: Eurozone will collapse...
 

Well the Greeks don't seem too keen on any more cuts:

:shocked:

http://www.bbc.co.uk/news/world-europe-17975370

... and the French electorate have made their views known too.

Doesn't look like cuts are going to be the 'carte du jour' in France any time soon.

http://www.bbc.co.uk/news/world-europe-17979913

Can't see how any of this is compatible with Merkel's existing plans for the EU. I wonder if the lady is for turning...

Re: Eurozone will collapse...
 

Re the Greeks don't seem too keen on any more cuts - their lack of fiscal rectitude, as a populace and as a Government, is why they are in the position they are in at the moment.

Are they hoping the Gods will descend from Olympus to shower their Treasury with gold, or just hoping if they ignore the deficit and its concomitant issues for long enough, it will go away?

Re: Eurozone will collapse...
 

What worries me is that they're not doing anything that an alarming number of people here wouldn't vote for. People have got rather too used to living on tick and they don't like the taste of reality.

Re: Eurozone will collapse...
 

Yup - the old "it's someone else's problem" viewpoint.

Now, I think we need more infrastructure investment, which will create jobs, but the money doesn't come from the magic money trees.....

Re: Eurozone will collapse...
 

For a minute there i was thinking you had Ed Balls and the Greeks mixed up :)

Re: Eurozone will collapse...
 

well if wages was there in first place maybe people would not need credit from government or credit cards. Too much greed in society people at top on way too much wage. Wages at the bottom not high enough to sustain a living in todays living standards.

You got double whammy wages crippled but standard living going up due to these cretins putting money into utilities/oil. Sending money like no tomorrow to tax havens.

House prices rental been artificially been proped high too.

These very rich tanking worlds economy dont know what there end game is.

Ok you say about credit but people not spending now the net result business cant create jobs. No jobs no economy.

The argument commoners should tighten belts this the result tightening belts economy in meltdown.

If those horrible top 1% paid there taxes like they should world would not be in mess. Too many involved in tax avoidance the rest cant be taxed enough.

Look this the common man exercised his voting right in france/greece those money crooks trashing there countries.

Talk about democracy IMF there puppets of austerity on the working man to send us right back to victorian ages.

Both will end up in civil war fear us too in 3 years as no doubt we will get the same atitude senseless atitude.

Austerity never going to work There plenty money for world to work if people was not so bloomin greedy.

Re: Eurozone will collapse...
 

I can just see the Balls the God of Hot Air descending from Mount Olympus just in time to solve the economic crisis without any pain.... :D

---------- Post added at 11:30 ---------- Previous post was at 10:48 ----------

... and it can only be 'printed' for so long before the entire 'system' is undermined.

Re: Eurozone will collapse...
 

Maybe they should use the leaf but even in the HHGTTU that was shown to be problematic

I am sure the EU will have an answer to that. :LOL:

Re: Eurozone will collapse...
 

I can see a whole lot of extremism brewing as people try to find someone else to blame for all their woes and opportunist politicians jump on the bandwagon. Funny how the Eurocrats always liked to claim that the EU would prevent that sort of thing... :confused:

Re: Eurozone will collapse...
 

http://www.bbc.co.uk/news/world-europe-17975370

That'll go down well...

Re: Eurozone will collapse...
 

ve haf vays of making you comply

Re: Eurozone will collapse...
 

"The EU and Germany ......"


I was under the impression that Germany where part of the EU

Re: Eurozone will collapse...
 

Economies fail, governments fall and markets are in turmoil yet have any of the architects of the Euro straightjacket disaster really been called to account for getting it so wrong? Have they even really acknowledged that anything is wrong with their grand scheme? :confused:

Re: Eurozone will collapse...
 

Regardless of whether they are inside or outside of the eurozone, if governments borrow ridiculous amounts, their country will end up in trouble.

Re: Eurozone will collapse...
 

http://www.cableforum.co.uk/board/at...1&d=1336466431



"whats the problem ,everything is fine ,there is no problem ,don't know what you're talking about,Greece? what's Greece got to do with anything,now stop asking questions i've a bucket of sand to stick my head in "

Re: Eurozone will collapse...
 

All this is proving good for the pound though ,so all the summer holiday makers will be going abroad taking their money with them and spending it abroad instead of in this country

Re: Eurozone will collapse...
 

Yes indeedy - current mid-market rates are 80.5 pence to the Euro, or €1.24 to the pound (tourist rates are not quite as good, reported as €1.20 in the news at 1pm). Still, the Euro has a way to fall before it hits the rate it was at a decade or so ago, when IIRC it was more like €1 = £0.68.

---------- Post added at 13:57 ---------- Previous post was at 13:56 ----------

Addendum ... the 10-year chart at xe.com is interesting:

http://www.xe.com/currencycharts/?fr...o=GBP&view=10Y

It looks as if the Euro's jump to the 80 pence-plus level coincided with the crash of 2008. Do we have any money market experts to explain why that would be? Was the Euro initially perceived as a safer port in the storm?

Re: Eurozone will collapse...
 

Maybe the graph is upside down.

Re: Eurozone will collapse...
 

At least there'll be all those who'll be coming here for the Olympics, Jubillee celebrations etc.

---------- Post added at 14:40 ---------- Previous post was at 14:36 ----------

NOT a currency expert (sadly never had enough of it to become one ;) ) but I'm sure it was and I don't think the realities of what was going on in Greece, Spain, Portugal, Ireland etc. were fully appreciated at that time.

Re: Eurozone will collapse...
 

What a shame if the Euro was to go. If it does then the USA, China and possibly India will have a strong free hand in the world of economics and trade etc. If Europe fractures back to the dark days of my own little country ideaology (which this countries Tory and UKIPers) would want... fear for the future my friends.

We should be at the forefront of Europe and not always sitting on the bloody fence.

Time to change our name from Great Britain to Little Britain the Empire died years ago.

Re: Eurozone will collapse...
 

The Euro isn't what makes Europe strong - quite the reverse. The 'one size fits all' economic policy it requires is a positive hindrance to competitiveness with the countries you mention. The various nations of the EU don't need to be entirely separate entities or homogenised into a superstate in order to compete with the rest of the world.

The 'Great' in Britain has nothing to do with greatness, superiority or empire.

Re: Eurozone will collapse...
 

'Great' is a geographical term that distinguishes the island from 'little' Britain, more commonly known as Brittany in France. ;)

Re: Eurozone will collapse...
 

I do not claim expertise because my forte is not currencies.

It would have been more easily understood had you set the cross on the chart to show Sterling against the Euro as most folk's primary interest is how many Euro's do they get to spend when away in Europe.

Whichever way you look at it, sterling fell off a cliff from 2008 onwards against most currency pairs and as I have stated in other threads it has been IMO due to the dilution of Sterling value against international crosses because in our case quantitative easing is comparable to a company issuing huge tranches of new stock. The net consequence is that value of old stock drops proportionately. With stocks the holders get a rights issue which makes up for dilution but with quantitative easing, we the public get a lot poorer if we want to spend in foreign currency.

In the wisdom of our leaders we followed the lead of the USA but without the protection of being holders of the global reserve currency and as a consequence we lost shed loads of value against the Dollar which as it is the currency of energy and commodities makes a huge fat lie of the con trick that global commodity prices are the cause of energy driven inflation. There is truth in the lie but the fact that to bail out the banks, our currency exchange fell 30% against the Dollar is conveniently forgotten because it added a massive percentage to anything purchased in Dollars.

The truth of the matter IMO is that damage has been done, as the charts plainly show, and in the relative valuations of exchange crosses we only get elevated from bad to half way reasonable when the other side of the cross is in serious trouble.

The Eurozone was not allowed to play silly devils with their currency as we did and the Euro strength represented our weakness and had nothing to do with how good they were but more how bad we were\are. When viewing the charts it truly makes one wonder what calamity needs to overwhelm Europe before we again look less bad than them.

As the currency cross is the global measure of the standing of our currency against others in the world use the chart with GBP first and in the lower box look at our rating against the Dollar, Yen and CHF (Swiss Franc). It is hardly any wonder that international money is attracted to London property when the coalition's actions signalled open for business at fire-sale prices, all currencies eagerly accepted.

Re: Eurozone will collapse...
 

:tu: interesting stuff, I have had a play about with the graph as you suggest and Sterling did indeed go into something of a tailspin against the Euro, the Dollar and the Swiss Franc in 2008.

Re: Eurozone will collapse...
 

http://www.bbc.co.uk/news/business-18014077

Who's next?

... and just for those who like to give the impression that 'greedy shareholders' are the root of all evil, overlooking the fact that they can and do lose money:

Re: Eurozone will collapse...
 

I have no sympathy for private investors stupid enough to invest in a Spanish bank in 2011. Most likely they were hoping that the government would step in to absorb their losses if things went wrong as has happened in so many other cases.

In other news, Norway not only continue to look into the future by conserving North Sea revenue to pay for such things as pensions rather than ****ing it away in tax cuts and increased social services spending to bribe the electorate, they're also reducing their exposure to the Eurozone within that sovereign fund.

http://www.sfgate.com/cgi-bin/articl...KZ01-M3SVJ.DTL

Re: Eurozone will collapse...
 

And i bet they are not selling off there gold as cheap as possible. :rolleyes:

Re: Eurozone will collapse...
 

Course not. Now who thought that was a good idea again? :confused: :rolleyes:

---------- Post added at 18:58 ---------- Previous post was at 18:45 ----------

Nor do I particularly. Shareholding involves risks and the point being made was that being a shareholder isn't the guaranteed and safe route to riches some folks like to make out. Nor is it the sole preserve of the rich, famous and infamous since share ownership (albeit indirect) is a feature of most of our pensions funds.

Re: Eurozone will collapse...
 

It's nearly as ridiculous as the so called 'Greek bailout', which giving it its proper name is the German and French banks' bailout. Greece are getting none of that money it's going straight into the hands of banks who greedily threw money at Greece by the billion without doing their due diligence.

Re: Eurozone will collapse...
 

http://www.nytimes.com/2012/05/12/wo...%2Findex.jsonp

What are her chances do you think?

Re: Eurozone will collapse...
 

None i hope.

I want to see the Euro zone go into meltdown so we can start with a fresh mandate based on the original plan of the European market, not this super state plan that the French and Germans envisage and are trying there best to force on everyone.

Re: Eurozone will collapse...
 

It certainly is an interesting situation. The banks throw money at a country known to be financially weak. They get most of the money back by devious ways and means and the EU gets the leverage to put their placemen into key positions. One might almost suspect the whole situation was engineered deliberately.

Re: Eurozone will collapse...
 

What next - the black helicopters?

Re: Eurozone will collapse...
 

If you say so :)

Re: Eurozone will collapse...
 

You're not implying that the Eurocrats and their pals seek power by hook or by crook are you?? :confused: :shocked: :rolleyes:

Re: Eurozone will collapse...
 

No. They're all busy smuggling opium from Afghanistan.

;)

Re: Eurozone will collapse...
 

http://www.bbc.co.uk/news/world-europe-18046280

Gloves coming off now.

Re: Eurozone will collapse...
 

Good, the sooner the better!

Re: Eurozone will collapse...
 

I bet the Germans have a MASTER plan so we need not worry ;)

Re: Eurozone will collapse...
 

Let's hope someone has a plan because what's happened so far seems pretty clueless to me but then I guess that's could be what they want us to think :Yikes:

Re: Eurozone will collapse...
 

How did the Germans get the Greeks to go on a spending spree, hide excessive government spending, not pay taxes and, pay certain groups(eg railway workers) excessive wages? How did they get the Irish and the Spanish to overdo building projects? That would be a good trick. Nobody forced them into borrowing too much.

Re: Eurozone will collapse...
 

Love the way that they claim it's the Greeks receiving the aid when it's really the (mostly French and German) banks who lent money to Greece without doing their due diligence who are receiving this money.

This so called bailout isn't going to Greece it's going straight to their creditors, and the cynical *******s within the troika are trying to make out that they are somehow helping the Greeks out with this forced socialisation of bad private sector loans.

Re: Eurozone will collapse...
 

The Greeks have already received the money in the form of the original loans. Why should they receive the money again? Everybody would like that sort of loan. Receive the loan money, fritter it away and then get more money on top of the original borrowing.

Re: Eurozone will collapse...
 

They did it by pressuring the ECB to run monetary policy to suit the German economy rather than the Eurozone as a whole. Places like Greece, Portugal and Ireland have never had access to credit at the sort of rates that entailed - cheap credit leads to a credit boom as surely as day follows night, especially when that cheap credit is cheaper than anything you have had before.

The calamity in these countries may well be a by-product of German demands rather than the intent, but they share a heavy chunk of culpability.

Re: Eurozone will collapse...
 

If monetary policy had been based on the Eurozone as a whole, it still wouldn't have been set for the worst countries, but more of an average. If it had been set for the worst, why should everybody else suffer because of the worst offenders. Eg Why should people or businesses pay a lot more for mortgages or loans, just because certain other people default on their loans?

It's doesn't matter how cheap or expensive the credit was, they never really considered paying it back. How does cheaper credit stop people paying their taxes?

Re: Eurozone will collapse...
 

Per my post they aren't getting more money on top of the original borrowing, it's going to the German, French and other banks who made the bad loans to begin with.

---------- Post added at 22:37 ---------- Previous post was at 22:34 ----------

Well that applies to pretty much every state in the EU. No reason to single the Greeks out in this regard, purely a matter of scale.

If governments were serious about paying debts back they wouldn't have been increasing them during the 'boom' part of the economic cycle.

Re: Eurozone will collapse...
 

Exactly, you're saying that it should go to the Greeks instead. Where else were you saying it should go?

---------- Post added at 22:41 ---------- Previous post was at 22:37 ----------

Somebody forgot to tell that to Blair and Brown.

Even if Greece hadn't taken out all of the loans to fund the Socialist polices, they could never pay back even limited borrowing in their 'good times', because their 'good times' are not that special.

Re: Eurozone will collapse...
 

No-one forced it but the interest rates the Eurozone shared were not conducive to their economies. In the case of Ireland especially joining the Euro halved their interest rate overnight. When you have growth significantly higher than interest rates it makes debt an extremely good way to go as the debt is outgrown.

The problem is of course when the growth stops.

Again, though, it's all well and good preaching that, doesn't change that there's a very clear balancing act between interest rates and economic growth and interest rates set to help the Germans increase their exports were completely inappropriate for Ireland et al and incentivised getting into serious amounts of debt to fuel further economic growth.

The Euro appears to exist as a political project and, from the economic point of view, a great way to keep German exports cheap. Rather than having the strong deutschmark that their economy merits and under normal circumstances would most definitely receive, strong countries have strong currencies due to demand for them, they get to dilute their currency with the rest of the Eurozone producing a weaker currency and making their exports cheaper.

The Euro broke many standard stability mechanisms for economies and we're now enjoying the end result, just as the Bank of England with that moron Mervyn King broke standard stability mechanisms by running laughably low interest rates during the noughties when a massive asset bubble was building.

---------- Post added at 22:49 ---------- Previous post was at 22:43 ----------

Nope I didn't say anything about where it would be going. They shouldn't be getting a bailout at all, they should be defaulting and the banks who were stupid enough to lend them the money should be having to reconcile it on their balance sheets.

That is, last time I checked, what capitalism is about, taking risks and them paying off or not. I'm unsure why risks taken on sovereign debt when they don't come off should end up getting repackaged and shoved onto taxpayers through other mechanisms.

Listening to the coalition's ******** I see. Blair and Brown didn't overspend by nearly as much as the Tories would have people believe.

No-one is excusing Greece but, tell me, if it was so obvious that Greece were taking out loans to fund socialist policies which they didn't have a hope of paying back why were private banks continuing to advance this cash, and why shouldn't they see the full extent of the pain as a result of these stupid loans?

They took a risk, justified it with the higher interest rates, it's not come off. They should pay 100% of the price. That's capitalism, not the corporatism that's practised within Europe where private losses are socialised.

Greece aren't even the worst for this, Ireland's government of the time should've been lined up against a wall and shot for even contemplating taking billions of bad private loans onto the public accounts.

Iceland told the private creditors to deal with it and are growing strongly. Capitalism works, corporatism doesn't.

Re: Eurozone will collapse...
 

Don't they need a cunning plan instead?:)

Re: Eurozone will collapse...
 

No way, You know the Germans don't understand humour.

Re: Eurozone will collapse...
 

http://news.sky.com/home/business/article/16227435


A tad worrying

Re: Eurozone will collapse...
 

http://www.bbc.co.uk/news/business-18084700

Well clearly Merv isn't very impressed about all the EU meetings about meetings. Wonder if the Merkel and Hollande chat-show will move the Eurozone supertanker off its current collision course with the financial rocks.

http://www.bbc.co.uk/news/business-18037223

Re: Eurozone will collapse...
 

I wish this house of cards would just hurry up and collapse so we can get on with dealing with the fallout.

Re: Eurozone will collapse...
 

Just goes to show how fundamentally flawed the entire concept is when they can't even decide on what to do in a major crisis such as this. Meantime the blind Europhiles have gone rather quiet haven't they....

Re: Eurozone will collapse...
 

It shows how fundamentally political it was. If the project had been conceived for truly economic reasons it would have been designed very differently and would have had rather fewer members. The fact that the wheels are coming off now, for economic reasons, presents a problem that the politicos and idealists do not want to confront, because the reasons why they created the Euro are the same reasons they want to keep it at all costs (literally, it appears).

Re: Eurozone will collapse...
 

If we're not very careful I fear these people will create the very scenario they set out to avoid - conflict in Europe. The more people who blindly believe this can't happen, the more likely it is to happen IMHO. :erm:

Re: Eurozone will collapse...
 

I something thing we made a mistake in 1939, we should have just stayed at home and protetected out boarders :D

Re: Eurozone will collapse...
 

Protect our borders? We haven't been able to do that since about 1939 :D

Re: Eurozone will collapse...
 

Indeed the sooner it goes BANG the better.

Re: Eurozone will collapse...
 

Interesting!
http://www.bbc.co.uk/news/world-europe-18085630

I can see this spreading if the Eurozone does implode.

Re: Eurozone will collapse...
 

just been watching Edd Balls getting a right old slapping from john snow on the ITV news :D

Re: Eurozone will collapse...
 

Thats not hard to do :)

Re: Eurozone will collapse...
 

I know it was just funny seeing his little chubby face going all red when he realized he was out of his depth .John Snow was asking if we should devalue the pound

Re: Eurozone will collapse...
 

sorry i cant be bothered to read through this endless Euro crap. has this been posted?

http://www.youtube.com/watch?v=bdob6...e_gdata_player

Re: Eurozone will collapse...
 

Probably the best rant i have ever heard :clap::clap::clap::clap:

Re: Eurozone will collapse...
 

Wish he didn't make references towards World War 2.

Re: Eurozone will collapse...
 

Balls talks his name. Long on questions short on answers.

Re: Eurozone will collapse...
 

Balls slapping is a curious mental picture. Sorry mods :D

Re: Eurozone will collapse...
 

LMFAO! :D:D Nice one jem.:tu:

Re: Eurozone will collapse...
 

Really! There's something wrong with you :D

Re: Eurozone will collapse...
 

:D:tu: :LOL:

Re: Eurozone will collapse...
 

Re: Eurozone will collapse...
 

It was briefly funny Maggy, and I did apologise :)

Re: Eurozone will collapse...
 

I'm getting heartily sick of the BBC's one-sided reporting of this issue. Every night the news at ten repeats the mantra "disaster, disaster, disaster" without any attempt to contrast with the likely effects of the Eurozone stumbling on as it is.

Re: Eurozone will collapse...
 

Well don't you think they can only report what the majority of those they interview are saying..:erm:

Re: Eurozone will collapse...
 

Maybe they need to stop asking the same people. ;)

Re: Eurozone will collapse...
 

And you think they're above the temptation to pick and choose who to interview? Where are the likes of Dan Hannan, Nigel Farage or any of the many economists who have long argued that the whole idea of a single currency was abject nonsense?

Anyway, most of the time they're not interviewing people, unless you count Huw Edwards chatting to Peston, Flanders or Robinson across a table in the studio.

Re: Eurozone will collapse...
 

Then stop watching the BBC Chris..There is always Sky..or CNN or whatever you can find on Freeview.

Sadly I dare not watch what used to be my standby from the navel watching obsessions of the usual 24 hour news channels.Euronews is no comfort at present.:erm:

Re: Eurozone will collapse...
 

The really worrying aspect of this whole debacle, at least from my point of view, is that regardless of how it's reported and the interviewees, it was an utter disaster from the outset. I just pray that the whole stupidly, ill-conceived and politically driven 'unification' chokes on it's own hubris. Okay, rant over :)

Re: Eurozone will collapse...
 

Secretly i bet there are a few national leaders ,including our own , that would love the Eurozone to collapse because they could then use it to cover up their own inadequacies in running their own domestic financies

Re: Eurozone will collapse...
 

'Every nation state gets a clean slate', we could write a song about that children. Maybe some of the Python team might help out :D

Re: Eurozone will collapse...
 

Here's the video of Balls getting his slapping for anyone who's interested:

http://www.youtube.com/watch?v=DEPYVcBgW4k

Not many answers there Ed mate....

Miliband's doing the same right now on Sky - lots of criticism of where we are now but no answers and no acknowledgement of the role successive governments have played in that (including 13 years of his crew in power).

They seem to be saying that the UK has no influence in the Eurozone but that Cameron should be exercising some.... :confused: :rolleyes:

Re: Eurozone will collapse...
 

They all seem as empty headed as the most vacuous Essex girl that you will ever meet