The List: The Next Iceland

sh856531

I don't think that a 1 in 4 chance that ONE country will pull out will cause a run on the euro

I always thought that despite it flexibility in terms of interest rates, the Euro would be much, much more stable than any single currency. In that, unlike Sterling which just has UK backing, the Euro has 15 relatively powerful economies backing it and is therefore much less likely to be suceptable to a run.

I guess this perhaps isn't the case?

Many thanks

S

globalds

withnell wrote: »

One member out of 15 is a small proportion, unlikely to cause a run.

25% is also an unlikely occurance

I would say the biggest fear with the Euro has been the unity of it's individual members ....have they got the stomach for the bad times.
When the enemy are bearing down on your lines ....Just one member breaking ranks then has a far greater psychological effect.

sh856531

I would say the biggest fear with the Euro has been the unity of it's individual members ....have they got the stomach for the bad times.
When the enemy are bearing down on your lines ....Just one member breaking ranks then has a far greater psychological effect.

Alternatively they could just sell Greece, Slovakia, Malta - maybe Portugal as well because its sunny there.

Problem solved. No need to thank me

:-)

globalds

sh856531 wrote: »

Alternatively they could just sell Greece, Slovakia, Malta - maybe Portugal as well because its sunny there.

Problem solved. No need to thank me

:-)

Do you work in the Banking industry ..
You should ask for a bonus for an idea like that :rolleyes:

sh856531

Do you work in the Banking industry ..
You should ask for a bonus for an idea like that :rolleyes:

Well thank you very much. It's very kind of you to say so.

I used to be CEO of HBOS. Does that count?

:-)