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ntluser · 25-03-2013, 18:31

Germany is probably the strongest economy in the Eurozone but even they won't be able to save all the weaker economies in the EU. The Euro problem has been postponed not solved and sooner or later we will have another Euro crisis.

The Eurozone can only really survive if the EU nations go back to their original currencies and operate at a level they can afford. The Euro-one-size-fits-all-philosophy is not realistic and is like asking runners of vastly varying abilities to turn in an Olympic-level running performance over an ever-changing course..It would be extremely tough for the best runners but crucifying for the others.

Cyprus is the latest casualty but there will no doubt be others. Indeed the UK is beginning to suffer as the loss of the AAA credit rating shows.

The thing that intrigues me is whether or not the leaders of these countries cut their salaries given that they are the ones who made the decisions.If the UK is typical the government decision makers have retained their salaries, expenses and pensions while cutting the salaries & pensions of others and causing mass redundancies.

It'll be interesting to see how this all turns out as the budget did not offer much hope and gave no real practical solutions to the nation's problems.

25-03-2013, 18:31	#1280
ntluser cf.mega poster Join Date: Jun 2003 Location: Manchester Age: 78 Services: Virgin Media XL Telephone,TV with Tivo box & Superhub3 upto 150Mb Broadband, Sky World, & Freeview+ Posts: 1,901	Re: Eurozone will collapse... Germany is probably the strongest economy in the Eurozone but even they won't be able to save all the weaker economies in the EU. The Euro problem has been postponed not solved and sooner or later we will have another Euro crisis. The Eurozone can only really survive if the EU nations go back to their original currencies and operate at a level they can afford. The Euro-one-size-fits-all-philosophy is not realistic and is like asking runners of vastly varying abilities to turn in an Olympic-level running performance over an ever-changing course..It would be extremely tough for the best runners but crucifying for the others. Cyprus is the latest casualty but there will no doubt be others. Indeed the UK is beginning to suffer as the loss of the AAA credit rating shows. The thing that intrigues me is whether or not the leaders of these countries cut their salaries given that they are the ones who made the decisions.If the UK is typical the government decision makers have retained their salaries, expenses and pensions while cutting the salaries & pensions of others and causing mass redundancies. It'll be interesting to see how this all turns out as the budget did not offer much hope and gave no real practical solutions to the nation's problems.