Sadly, we are far from immune from the plight of the Eurozone. The fact that Sterling has recently lost so much ground to the Euro and the Dollar doesn't bode well for ordinary people but does at least offer the prospect of our exports becoming more competitive. Something which the Germans have benefited from greatly since they ditched the Deutschmark in favour of the Euro. Yes, like us, they've had to bail out the likes of Spain but they've also benefited from the relative weakness of the Euro.
---------- Post added at 18:33 ---------- Previous post was at 18:32 ----------
Quote:
Originally Posted by Sirius
I was going to change £400 in to Euro's at the end of the month for my holiday to Malta in June. I might hold off now because i think this issue with Cyprus might be the start of the end for the Euro or at least i hope it will be.  |
Given what's been happening in Cyprus, I'd withdraw your life savings and keep them under your bed....
