Eurozone will collapse...
27-01-2012, 10:51
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#496
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Re: Eurozone will collapse...
Quote:
Originally Posted by Osem
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Christ l cannot believe its gone over 5 million and don't it tell us that things are more then bad but absolutely dreadful in parts of Europe.
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27-01-2012, 11:05
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#497
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Re: Eurozone will collapse...
Quote:
Originally Posted by Osem
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If this continues on, they Europe would be facing big poltical change!
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27-01-2012, 20:09
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#498
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Re: Eurozone will collapse...
http://rt.com/news/fitch-downgrade-eu-countries-919/
Quote:
Ratings agency Fitch has downgraded the credit ratings for five European nations, namely Belgium, Cyprus, Italy, Slovenia and Spain.
*The agency stated the revision was made due to "the absence of a credible financial firewall against contagion and self-fulfilling liquidity crises" and "the marked deterioration in the economic outlook" in Europe
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28-01-2012, 19:36
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#499
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Re: Eurozone will collapse...
Quote:
A leaked plan from the German government proposes a eurozone "budget commissioner" to take control of Greece's tax and spending, reports say.
The Financial Times, which has a copy of the plan, calls it an "extraordinary extension" of EU control.
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http://www.bbc.co.uk/news/world-europe-16773974
That'll go down well in Greece won't it?  How long before they want EU appointed 'commissioners' to run Spain, Italy, Portugal, Ireland etc?....
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28-01-2012, 19:57
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#500
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Re: Eurozone will collapse...
Quote:
Originally Posted by Osem
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Note to Damien & Hugh - remember this post that you rubbished:
Quote:
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The end result could still be the same for the weaker countries - lack of freedom, inability to govern according to the will of the people and being dictated to by another country (or countries)
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29-01-2012, 16:42
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#501
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Re: Eurozone will collapse...
The man from Athens, he say 'NO'....
Quote:
Greece has rejected outright German proposals for the EU to hold power over its budget.
Culture Minister Pavlos Yeroulanos told the BBC it would be "impossible" for Greece to cede control of its tax and spending powers.
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http://www.bbc.co.uk/news/business-16780448
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29-01-2012, 21:40
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#502
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Re: Eurozone will collapse...
... and it's all the fault of the Germans with a bit of help from the French and Gordon Brown:
http://www.bbc.co.uk/news/world-europe-16761087
Quote:
Who is to blame for starting the current crisis in the eurozone? Greece? Italy? The real answer may lie further north.
It was not the behaviour of the eurozone's southern members that first plunged the single currency into crisis.
There was, from the beginning, a way for the EU to police the economies of member states by following the rules that had been laid down for the single currency in the Maastricht Treaty.
It was called the Stability and Growth Pact, and it was not Italy or Greece that torpedoed it - it was Germany.
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http://www.bbc.co.uk/news/world-europe-16761087
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29-01-2012, 22:34
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#503
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Re: Eurozone will collapse...
And that forced Greece to go on a spending spree and pay certain groups ridiculous amounts in wages.
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30-01-2012, 08:54
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#504
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Re: Eurozone will collapse...
There will be a United States of Europe at this rate, but the UK is unlikely to be part of it!
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30-01-2012, 09:54
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#505
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Re: Eurozone will collapse...
Quote:
Originally Posted by Alan Fry
There will be a United States of Europe at this rate, but the UK is unlikely to be part of it!
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Damien/Hugh ------- any observations on this current turn of events
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30-01-2012, 09:55
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#506
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Re: Eurozone will collapse...
Quote:
Originally Posted by Alan Fry
There will be a United States of Europe at this rate, but the UK is unlikely to be part of it!
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And thats the way l want it.
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30-01-2012, 10:18
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Re: Eurozone will collapse...
Quote:
Originally Posted by nomadking
And that forced Greece to go on a spending spree and pay certain groups ridiculous amounts in wages. |
No, it set a climate in which excesses would be 'overlooked' for political ends perhaps. Nobody forced all those in the UK who jumped on the property remortgaging and credit bandwagon but they did it and it was clearly politically expedient at the time to do nothing about it.
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30-01-2012, 10:35
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#508
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laeva recumbens anguis
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Re: Eurozone will collapse...
Quote:
Originally Posted by gba93
Damien/Hugh ------- any observations on this current turn of events |
Yes.
The Greeks keep saying "we're going to fix it" - after a couple of recursions of this behaviour, without actually fixing it, the German's made a proposal (imho, quite reasonably - the Greeks want the money with the responsibility of having to do anything, or fix anything).
It's still not the same as invasion, however you make like to spin it. 
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30-01-2012, 10:45
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#509
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Re: Eurozone will collapse...
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30-01-2012, 10:57
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#510
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Re: Eurozone will collapse...
Quote:
Originally Posted by Hugh
It's still not the same as invasion, however you make like to spin it.
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Indeed it's not. There is always a faint hope that local rebels could fight off an armed invasion. With this sort of financially-driven takeover the result is virtually the same but there is no target to fight.
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