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Weak Euro!

124

Comments

  • N9eav
    N9eav Posts: 4,742 Forumite
    dqnet wrote: »

    I'm trying to find ways to do something with this last 10k... shares? currency?

    Spend it and have a good time.... If you are saving for a rainy day, when is that exactly? :D
    NO to pasty tax We won!!!! Just shows that people power works! Don't be apathetic to your cause!
  • dqnet
    dqnet Posts: 308 Forumite
    Tenth Anniversary 100 Posts Combo Breaker Name Dropper
    N9eav wrote: »
    Spend it and have a good time.... If you are saving for a rainy day, when is that exactly? :D

    You know what... your absoloutely right... :)
    why the hell not!
  • middlepuss
    middlepuss Posts: 461 Forumite
    Part of the Furniture Combo Breaker
    Nobody seems to have mentioned this scenario: Euro goes down, sterling goes down and the dollar goes down.
  • sabretoothtigger
    sabretoothtigger Posts: 10,036 Forumite
    Part of the Furniture 10,000 Posts Photogenic Combo Breaker
    edited 28 November 2010 at 9:10AM
    Thats what will happen by design, but who will win the race to the bottom. We have the oldest currency in the world ? I think so odds are against us winning the race to zero the worth of the currency and our debt.

    Im not sure there is a second place after the first major country past the post
    Britain is the 3rd largest holder of dollar debt so we are screwed either way

    http://news.bbc.co.uk/1/hi/programmes/bbc_parliament/7090665.stm
    dqnet wrote: »
    hahahah - is that even possible though.. i mean can the country pull out of a currency...??? if it did, the euro would be worth the old italian lira... basically peanuts.. right..?

    The uk pulled out of the euro about 20 years ago, been fine since. Definitely possible just a bit messy
  • ESKIMO
    ESKIMO Posts: 254 Forumite
    middlepuss wrote: »
    Nobody seems to have mentioned this scenario: Euro goes down, sterling goes down and the dollar goes down.

    Crikey! All except you! You've jinxed us all now! Ahhh not another dip!
    Young At Heart and Ever The Optimist: "You can't sell ice to Eskimo."

    Waste Not, Want Not. - Reduce. Reuse. Recycle.
  • ESKIMO
    ESKIMO Posts: 254 Forumite
    Tigger's right. We are still paying off our debt to the yanks for the 'privilage' of 'winning' WW2.
    Young At Heart and Ever The Optimist: "You can't sell ice to Eskimo."

    Waste Not, Want Not. - Reduce. Reuse. Recycle.
  • middlepuss
    middlepuss Posts: 461 Forumite
    Part of the Furniture Combo Breaker
    "Nobody seems to have mentioned this scenario: Euro goes down, sterling goes down and the dollar goes down."
    ESKIMO wrote: »
    Crikey! All except you! You've jinxed us all now! Ahhh not another dip!

    Point I was making was that the euro, pound and dollar could all fall against the Rupee, Renminbi and Real, so why switch between currencies that are all on the downward escalator?
  • gozomark
    gozomark Posts: 2,069 Forumite
    sabretoothtigger wrote: »

    The uk pulled out of the euro about 20 years ago

    1. the UK has never been in the euro
    2. the euro didn't exist 20 years ago
  • lvader
    lvader Posts: 2,579 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    I'm sure he meant the ERM, which in software terms would have been the beta version of the Euro.
  • gozomark
    gozomark Posts: 2,069 Forumite
    The ERM wasn't a currency, and the UK only shadowed it. Dropping out of the euro would be very different to no longer shadowing the ERM
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