William Hague raises doubts over the survival of the euro as talks continue over Iris

iolanthe07

they do NOT like accepting Euros unless it's those printed/issued by Germany (shown by a D in the code).

I understand that this is an urban myth.

tomterm8

halight wrote: »

William Hague raises doubts over the survival of the euro

William Hague has been saying things like this since before the Euro was founded. The reality is, you'd have an almighty mess if the euro ended: there is no reason to think that a government default within the eurozone would inevitably lead to the end of the euro.

If california defaulted, would the dollar cease to exist?

A._Badger

tomterm8 wrote: »

William Hague has been saying things like this since before the Euro was founded. The reality is, you'd have an almighty mess if the euro ended: there is no reason to think that a government default within the eurozone would inevitably lead to the end of the euro.

If california defaulted, would the dollar cease to exist?

The Euro will last as long as the German public is willing to put up with it.

As for California - can't the Europhiles do any better than this tired old cliche? The USA is a single country. The Eurozone isn't. Yet.

halight

A._Badger wrote: »

The Euro will last as long as the German public is willing to put up with it.

As for California - can't the Europhiles do any better than this tired old cliche? The USA is a single country. The Eurozone isn't. Yet.

Thats what i was trying to say in one of earlyer posts.
How much longer are the people willing to keep proping up other countrys? Tax payer money has been spent on bailing out the banks, Now its beening spent on bailing out other countrys in the euro. Germany can not aford to keep doing it. I also can not see the people of germany and franch willing to carry on doing it while there are big spending cuts in there own country.

Somthing at some point is going to have to give.

What is the best way to deal with this? Should we carry on bailing other euro countrys out? Or let them sort themselfs out? which might mean them defulting?

I can not see that there is going to be an easy way out? I think there will be a lot of trouble in the comming years as this plays out .

Degenerate

A._Badger wrote: »

The Euro will last as long as the German public is willing to put up with it.

As for California - can't the Europhiles do any better than this tired old cliche? The USA is a single country. The Eurozone isn't. Yet.

Indeed. To be equivalent to the USA situation, the EU states would need to accept federal taxation, a federal budget maybe 10x the size it is now, and massive permanent subsidies from the richer nations to the poorer ones. In other words, a United States of Europe. People in the USA accept this because they have been raised with an American identity and see themselves as the same people. I don't see such solidarity forming in the Euro zone.

Degenerate

CLAPTON wrote: »

what do you mean 'fall like a pack of cards'? whatever does that mean

-surely much better that each country start to live with their own strengths and weaknessess rather than all be like germany


what failout are you referring to?

Make no mistake, the Euro collapse will have global economic fallout. In terms of trade, bank solvency and international relations it's going to be Lehman with a vengeance. But there is no point in postponing the inevitable when that only allows the problem to grow bigger. We need to get it over with, take the hit and then economic activity and world trade can begin to recover again on a sustainable footing.

pwllbwdr

amcluesent wrote: »

>What a load of rubbish.<

Just calling it as I sees it.

Do you mean you have personal experience of "sees"ing Germans or German retailers refusing Euros from elsewhere?

AD9898_2

Systematic collapse is almost inevitable, I thought we'd have to wait for peak oil to ravage the western world in about a decade or so time, seems like it's likely to happen much sooner from a different source.

Many scoffed when I said that the decade from 97-07 was the golden age of this particular part of mankind's history and what will follow will be a complete breakdown of everything we've come to know.

It's a perfect storm of peak oil/currency failure and debt.

iolanthe07

Many scoffed when I said that the decade from 97-07 was the golden age of this particular part of mankind's history

I agree with this, though I would make it it a bit earlier - life in the eighties was pretty good (for those in work). I'm not sure about a complete breakdown, but I think average living standards will decline from now on as the earth's natural resouces reach their peak output and economic dysfunction seems imminent.

purch

I understand that this is an urban myth

i.e. something printed in the Mail or Express :eek: