Eurozone will collapse... - Page 29

**Damien** · 12-12-2011, 16:15

Quote:

Originally Posted by Ignitionnet

Due to harmonisation of regulation the UK may be unable to implement, amongst other things, the ringfencing of retail arms of banks and other sections of Vickers.

Yes, Fair enough. My earlier rant was unwarranted.

Osem · 14-12-2011, 22:25

http://www.bbc.co.uk/news/business/

Quote:

The euro has fallen further against other major currencies as fears continue over the eurozone's future.

Whilst Sarkozy still apparently thinks France's best interests lie entirely in their 'alliance' with the Germans and getting the UK out of the equation, Merkel seems to have a more conciliatory approach, possibly worrying that France has some way to go to get its own financial house in order and what problems that may entail.

http://www.bbc.co.uk/news/world-europe-16177674

Quote:

Chancellor Angela Merkel has told German MPs that the UK will remain a strong EU partner, despite its decision not to sign up to an EU summit deal.

Anyway, it appears the Swedes, Hungarians, Czechs and Irish are already expressing concerns about the way forward being proposed and I can see others following when the reality hits home. If anyone thought what was agreed last week amounted to very much more than a decision to talk about it all over again I think they may have a shock coming.

Ignitionnet · 14-12-2011, 22:29

http://blogs.telegraph.co.uk/news/da...g-for-britain/
http://blogs.telegraph.co.uk/news/da...e-anglophobes/

Not a lot else to say, I'm sure people can find the video of Eurocrats threatening and insulting the UK for daring to ask for, well, the existing agreements to be respected. How rude of us.

Chrysalis · 15-12-2011, 06:36

Quote:

Originally Posted by Osem

http://www.bbc.co.uk/news/business/

Whilst Sarkozy still apparently thinks France's best interests lie entirely in their 'alliance' with the Germans and getting the UK out of the equation, Merkel seems to have a more conciliatory approach, possibly worrying that France has some way to go to get its own financial house in order and what problems that may entail.

http://www.bbc.co.uk/news/world-europe-16177674

Anyway, it appears the Swedes, Hungarians, Czechs and Irish are already expressing concerns about the way forward being proposed and I can see others following when the reality hits home. If anyone thought what was agreed last week amounted to very much more than a decision to talk about it all over again I think they may have a shock coming.

Good old bbc again.

I have just checked the year graph for the exchange rate.

Last year when the euro dropped the bbc got all excited like they are now.

On march the euro then got stronger and I cannot find any bbc news reports reporting this. So someone without checking into it would think it dropped last christmas and then dropped again further now, whilst whats actually happened is its now the same value as last march. I expect it to drop some more whilst the news agencies get all wet over it, but eventually when more interesting news happens it will recover again in the summer.

**Chris** · 15-12-2011, 08:12

How are you finding things,, with so much of your business in Euros?

Actually, a bigger question might be, do you have a contingency plan in case the Eurozone goes completely mammaries skywards in the new year?

Osem · 15-12-2011, 10:06

Quote:

Originally Posted by Chrysalis

Good old bbc again.

I have just checked the year graph for the exchange rate.

Last year when the euro dropped the bbc got all excited like they are now.

On march the euro then got stronger and I cannot find any bbc news reports reporting this. So someone without checking into it would think it dropped last christmas and then dropped again further now, whilst whats actually happened is its now the same value as last march. I expect it to drop some more whilst the news agencies get all wet over it, but eventually when more interesting news happens it will recover again in the summer.

I'm not sure what happened to my original link (whether I posted it incorrectly or somehow it got altered) but here it is again:

http://www.bbc.co.uk/news/business-16181054

It states quite clearly that the fall takes the Euro back to levels last seen in Jan 2011. By definition this means that the Euro has been higher since then so I'm not sure what your point is. I don't know what more 'interesting' news there is than the EU/Eurozone being in crisis which it clearly is but I'd have thought that might explain the focus being more on falls in the Euro than the odd increase which has usually greeted the release 'not so bad news' as opposed to genuinely good news.

Cast your mind back to when Sterling was faring even more miserably against the Euro and the media was fall of reports about the prospect of parity and how awful that was for Brits abroad.

**Hugh** · 15-12-2011, 10:57

Quote:

Originally Posted by Chrysalis

Good old bbc again.

I have just checked the year graph for the exchange rate.

Last year when the euro dropped the bbc got all excited like they are now.

On march the euro then got stronger and I cannot find any bbc news reports reporting this. So someone without checking into it would think it dropped last christmas and then dropped again further now, whilst whats actually happened is its now the same value as last march. I expect it to drop some more whilst the news agencies get all wet over it, but eventually when more interesting news happens it will recover again in the summer.

I googled on "bbc news march 2011 euro strengthens against pound"

and the first thing that came up was BBC -Euro strengthens after EU agrees Greece deal

I then googled on "bbc news march 2011 pound falls against euro" and this came up - BBC - Pound falls against dollar and euro on 'recession risk'

Didn't take much looking.....

Chrysalis · 15-12-2011, 11:04

I looked but didnt look for those words.

**Hugh** · 15-12-2011, 11:11

Don't you think those were the relevant words?

Sirius · 15-12-2011, 11:20

Quote:

Originally Posted by Chris

How are you finding things,, with so much of your business in Euros?

Actually, a bigger question might be, do you have a contingency plan in case the Eurozone goes completely mammaries skywards in the new year?

Very well put

Osem · 15-12-2011, 12:01

Quote:

Originally Posted by Hugh

Don't you think those were the relevant words?

Quote:

Originally Posted by Chris

Actually, a bigger question might be, do you have a contingency plan in case the Eurozone goes completely mammaries skywards in the new year?

A 'Plan B' you mean?

Kymmy · 15-12-2011, 12:05

No idea if already posted in this thread but this really does say it all

Osem · 15-12-2011, 12:16

Although since last week it looks like our share of the German excrement is going to be deposited on the other member states to share.

Ignitionnet · 15-12-2011, 12:29

Quote:

Originally Posted by Osem

Although since last week it looks like our share of the German excrement is going to be deposited on the other member states to share.

Hah, no, looks as though they're all gathering it up to throw at us now.

The plot thickens anyway. Looks as if in the cold, hard light of day some non-Eurozone nations are wondering just what they've signed up for.

http://www.scribd.com/fullscreen/757...prjcbeot8i3qmr

**Chris** · 15-12-2011, 13:03

I thought David Davis' comments in this morning's Torygraph were telling.

Quote:

When I was a Foreign Office minister, negotiating one of the endless rounds of treaties, three other states approached me and asked Britain to veto a particular proposal. I said that if they opposed the plan, they should veto it themselves. Their response was telling: only Britain could stand up to the Franco-German axis.

http://www.telegraph.co.uk/news/worl...want-more.html