Quote:
Originally Posted by Osem
... and of course the Euro will never fall when the banking crisis inevitably erupts good and proper in Italy for example. Right now the focus is inevitably on the UK, that won't last forever and the Euro will sooner of later reflect the fundamental
problems within the Eurozone. When it does the Euro will fall relative to Sterling and the situation will be reversed. No doubt at that time the threat to the UK will suddenly become the relatively high value of Sterling. 
We're all aware that the UK faces problems but your argument re the relative prosperity of the UK v. EU fails to acknowledge the massive problems facing the EU which aren't going away any time soon and which will have a greater impact on us inside the EU than outside. |
I was not comparing the UK to the EU. I was asked for evidence that the country was poorer and I supplied it - we've fallen to the sixth largest economy. As a patriotic Brit I'm saddened by that.
I wasn't answering a question on problems in the Eurozone. Interestingly, it did once look as if the Euro would implode but now it looks as if the worst is behind it. I'm no fan of the Euro project and I've been surprised that it has survived but survive it has and I can't see it imploding. But then if there's anything the last few months have shown, anything can happen!
---------- Post added at 17:46 ---------- Previous post was at 17:40 ----------
Quote:
Originally Posted by martyh
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Yes, that's not everything. It does appear as if we've got the best possible deal right now within the EU. That's one of the ironies of the situation.