Europe/Euro

[Ramrod]

Some food for thought on Europe

JACQUES DELORS, the former President of the European Commission, fuelled the controversy over the euro yesterday by admitting that Britain was justified in opting out of the single currency because its launch was flawed

In another startling admission, the veteran French leftwinger said that the European Union was in a †œstate of latent crisisââ‚Ã⠀šÃ‚¬Ãƒâ€šÃ‚ÂÂ� because of weak leadership. He blamed member state leaders, including President Chirac of France, for putting national interests before the common good.

[kronas]

i cant say im suprised by delors comments, i have always been strongly against the euro, because of the nature of the system in a centralisation of all laws and financial decisions that would be taken off a country's government...........

[paulyoung666]

Originally Posted by kronas

i cant say im suprised by delors comments, i have always been strongly against the euro, because of the nature of the system in a centralisation of all laws and financial decisions that would be taken off a country's government...........

same here too , i would rather be part of usa than useurope , hang on i have been here before

[kronas]

Originally Posted by paulyoung666

same here too , i would rather be part of usa than useurope , hang on i have been here before

the US makes me cringe when it passes some of its laws, but atleast each state can make its own.

Originally Posted by kronas

the US makes me cringe when it passes some of its laws, but atleast each state can make its own.

Only up to a point. I seem to recall that when the driinking age was raised to 21 that it was "optional", but states that didn`t adopt the law were threatened with having federal funding reduced.

[kronas]

Originally Posted by dr wadd

Only up to a point. I seem to recall that when the driinking age was raised to 21 that it was "optional", but states that didn`t adopt the law were threatened with having federal funding reduced.

ah yes forgot about that one thanks for the refresh/correction

[downquark1]

Originally Posted by dr wadd

Only up to a point. I seem to recall that when the driinking age was raised to 21 that it was "optional", but states that didn`t adopt the law were threatened with having federal funding reduced.

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[Russ]

Originally Posted by paulyoung666

same here too , i would rather be part of usa than useurope

[Iago]

I think there shoud be the euro and we should be part of the consitution (whens its a bit fairer) also they can decide vat rates and at the moment we have a fooking high vat rate

[kronas]

Originally Posted by Iago

I think there shoud be the euro and we should be part of the consitution (whens its a bit fairer) also they can decide vat rates and at the moment we have a fooking high vat rate

no no i totally disagree, look at the country's enconomies that have joined up, germany comes to mind, they are having huge problems...........

[John Smiths]

Originally Posted by kronas

no no i totally disagree, look at the country's enconomies that have joined up, germany comes to mind, they are having huge problems...........

Exactly, the interest rates would be decided by a bank outside of the UK, probably in Germany and they are going to set the rates to suit the Germans...

[kronas]

Originally Posted by John Smiths

Exactly, the interest rates would be decided by a bank outside of the UK, probably in Germany and they are going to set the rates to suit the Germans...

each of the countrys in the world have very diffarent financial needs, some need to control inflation, some need to bolster spending, some want to keep interest rates minimal, this is not a one size fits all world even if it means a single currency is to be established it just does not seem logical

[Bifta]

Originally Posted by kronas

no no i totally disagree, look at the country's enconomies that have joined up, germany comes to mind, they are having huge problems...........

Yet in Ireland .. we're not.

[kronas]

Originally Posted by Bifta

Yet in Ireland .. we're not.

i did not mean every country your economy is lucky it has adapted to the currency well, but i dont believe the british economy would cope.

[Bifta]

Originally Posted by kronas

i did not mean every country your economy is lucky it has adapted to the currency well, but i dont believe the british economy would cope.

You didn't specify selected countries, you inferred all countries that have adopted the euro and why don't you think the UK economy will cope with it?