Eurozone will collapse...

[Sirius]

Originally Posted by Damien

The UK will now compensate British Citizens that lose out. Just breaking...

However why should our Government have to compensate with TAX payers money. That means we are giving money to Cyprus and the EU. The EU should not be robbing money from the accounts of British service men and there families in the first place. The EU are now setting a precedent by robbing directly from peoples bank accounts. The EU has NO RIGHT to be taking money from the bank accounts of British service men in Cyprus who are serving there as part of the UN and are NOT part of the EURO. British tax payers should not be funding this bail out indirectly in the way that this will happen. Any money refunded to servicemen or British ex pats by this Government will not be paid back to the British Government by the EU you can bet.

The UK will compensate any British troops in Cyprus hit by plans to introduce a bank levy as part of a £9bn EU bailout, the chancellor has said.

British government workers would also be protected, George Osborne said.

http://www.bbc.co.uk/news/uk-21820237

I bet you now there will be bloodshed over this in Cyprus

What shocks me the most is that there are people on this forum who think we should be part of the Euro

[Sirius]

http://www.bbc.co.uk/news/world-europe-21821155

Once again - faced with a crisis - Europe's leaders have gambled.

As part of a bailout deal for the island of Cyprus they have decided to impose a tax on savers. It has not been done before in the eurozone crisis, its legality may be questioned and the risks and consequences are unknown. Savers with deposits of over 100,000 euros ($130,000, £86,000) will face a one-off tax of 9.9%. For those with less funds in their accounts the tax will be 6.5%.

The EU Aka Germany don't care if its legal or not, they will impose it anyway.

The Germans, however, were not prepared to support a larger bailout. They suspected that half of the deposits in the island's banks were held by Russians with much of the money being laundered. Rescuing high-rolling Russians could not be sold to German taxpayers.

Note the EU are more worried if the German people are upset than the Cypriot people.

Well, considering it is mostly the Germans who are funding the bail-outs, that's probably quite a reasonable position to take...

[Will21st]

Amazing how something that was to supposed to unite Europe and Europeans does almost the exact opposite. Not being able to devalue their currencies is absolute poison for the Southern Euro countries... but a blessing for Germany,at least so far.

If this whole Euro thing was indeed the price for German Reunification then I guess Europe falls apart once more at the altar of Grossdeutschland.

The irony of course being that if you ask Germans and follow their news they'd be happy to have the Deutsche Mark back tomorrow.

Weird how it seems to almost always be German ambition that divides and destroys Europe,be it in peace or war.

Originally Posted by Sirius

The EU Aka Germany don't care if its legal or not, they will impose it anyway.

Note the EU are more worried if the German people are upset than the Cypriot people.

Well yes, seeing as the German people are the ones paying for it.

Just wait until they find out that a system of fiscal transfers designed to stabilise the Euro will result in them paying for it permanently.

[Will21st]

Originally Posted by Chris

Well yes, seeing as the German people are the ones paying for it.

Just wait until they find out that a system of fiscal transfers designed to stabilise the Euro will result in them paying for it permanently.

---------- Post added at 13:43 ---------- Previous post was at 13:42 ----------

Yup,the Eurozone works very well as long as Germany pays for it!

[Sirius]

Originally Posted by Will21st

Amazing how something that was to supposed to unite Europe and Europeans does almost the exact opposite. Not being able to devalue their currencies is absolute poison for the Southern Euro countries... but a blessing for Germany,at least so far.

If this whole Euro thing was indeed the price for German Reunification then I guess Europe falls apart once more at the altar of Grossdeutschland.

The irony of course being that if you ask Germans and follow their news they'd be happy to have the Deutsche Mark back tomorrow.

Weird how it seems to almost always be German ambition that divides and destroys Europe,be it in peace or war.

The Germans tried to rule Europe by force and failed twice, now they intend to do it via a financial route and are at present winning hands down.

Originally Posted by Will21st

Yup,the Eurozone works very well as long as Germany pays for it!

Yes, the treaty of Versailles worked very well, with Germany paying for it, for about 15 years, until the electorate got fed up and took an interest in the ravings of an Austrian war veteran.

---------- Post added at 14:07 ---------- Previous post was at 14:06 ----------

Ooh, can I call Godwin on myself? Have I crashed the thread?

[Will21st]

Originally Posted by Chris

Yes, the treaty of Versailles worked very well, with Germany paying for it, for about 15 years, until the electorate got fed up and took an interest in the ravings of an Austrian war veteran.

---------- Post added at 14:07 ---------- Previous post was at 14:06 ----------

Ooh, can I call Godwin on myself? Have I crashed the thread?

Eh,where's this coming from? The was actually meant in jest,I think it's funny and simply a fact. How you go from that to Versaille and Hitler I don't know.

Lol,yes you have Godwin'd yourself!

---------- Post added at 14:12 ---------- Previous post was at 14:09 ----------

Originally Posted by Sirius

The Germans tried to rule Europe by force and failed twice, now they intend to do it via a financial route and are at present winning hands down.

Well,winning unless they go bust in the process. How all this madness is supposed to end and where we go from there....

Originally Posted by Will21st

Eh,where's this coming from? The was actually meant in jest,I think it's funny and simply a fact. How you go from that to Versaille and Hitler I don't know.

The serious point behind the jest is, history tells us that wringing Germany until the pips squeak in order to redistribute her wealth around the continent - as happened in the form of war reparations agreed at Versailles in 1919 - works only up to a point. Sooner or later the German people realise what's going on and start looking for people who will promise to put a stop to it.

Cypriot savers are being screwed by the EU because German wealth is the only thing that makes any Euro-bail-out plan believable, therefore the plan has to be acceptable to German politicians who want, above everything else, to keep their electors from beginning to think the Euro is a bad idea.

However, IMO they needn't bother, sooner or later reality will dawn and the wheels will well and truly come off. If the Euro fails (and I think it will), it is at least as likely that it will be Germany that leaves, rather than one of the Club Med countries being kicked out.

[Will21st]

Originally Posted by Chris

The serious point behind the jest is, history tells us that wringing Germany until the pips squeak in order to redistribute her wealth around the continent - as happened in the form of war reparations agreed at Versailles in 1919 - works only up to a point. Sooner or later the German people realise what's going on and start looking for people who will promise to put a stop to it.

Cypriot savers are being screwed by the EU because German wealth is the only thing that makes any Euro-bail-out plan believable, therefore the plan has to be acceptable to German politicians who want, above everything else, to keep their electors from beginning to think the Euro is a bad idea.

However, IMO they needn't bother, sooner or later reality will dawn and the wheels will well and truly come off. If the Euro fails (and I think it will), it is at least as likely that it will be Germany that leaves, rather than one of the Club Med countries being kicked out.

Ah,ok thank you now I see your point and I agree with it.... haven't had my bacon and eggs yet!

Originally Posted by Sirius

The Germans tried to rule Europe by force and failed twice, now they intend to do it via a financial route and are at present winning hands down.

They're trying to save a currency and economic union whose collapse would damage their economy. They're not interested in 'ruling Europe' and World War 2 was over 65 years ago.

[Sirius]

Originally Posted by Chris

The serious point behind the jest is, history tells us that wringing Germany until the pips squeak in order to redistribute her wealth around the continent - as happened in the form of war reparations agreed at Versailles in 1919 - works only up to a point. Sooner or later the German people realise what's going on and start looking for people who will promise to put a stop to it.

Cypriot savers are being screwed by the EU because German wealth is the only thing that makes any Euro-bail-out plan believable, therefore the plan has to be acceptable to German politicians who want, above everything else, to keep their electors from beginning to think the Euro is a bad idea.

However, IMO they needn't bother, sooner or later reality will dawn and the wheels will well and truly come off. If the Euro fails (and I think it will), it is at least as likely that it will be Germany that leaves, rather than one of the Club Med countries being kicked out.

It must come before the next election. My fear is that if the idiots in Labour or the Libs get outright power they will sign us up for it immediately

They can try, but at least Call Me Dave managed to get the referendum lock onto the statute book. That pretty much guarantees we will never join the Euro, non matter which Government we have.

Originally Posted by Sirius

It must come before the next election. My fear is that if the idiots in Labour or the Libs get outright power they will sign us up for it immediately

That won't happen. They know it will be electoral suicide and they didn't do it when the Euro was relatively crisis free so I fail to see under what circumstance they would change their mind now it's not stable.