Collapse of Euro will leave Britain better off?

Going4TheDream

Just having a quick look at the news before work and came across this (sorry its DM but an easy read whilst waking up!)

http://www.dailymail.co.uk/news/article-2058366/Eurozone-crisis-Collapse-euro-leave-Britain-BETTER-off.html

It seems to suggest that Britain would be better off if the Euro failed.

Today we see in the news that Italy is now in the sights of Merkel and Sarkosy and are in a dire situation and headlines suggesting that Burlusconi's Italy could drag European union into Economic hell. Wow they suggest things could get even worse than they are now?

http://www.dailymail.co.uk/money/news/article-2058689/Silvio-Berlusconis-Italy-drag-European-Union-economic-hell.html

Then we have Spain and perhaps Portugal to consider.

The Chinese have already intimated that they wont be handing over bucket loads of cash/financial support.

I am curious as to how people see this being played out and who will be the winners and losers?

Will there be a time when enough is enough and will the 'leaders' know when this time arrives (if it hasn't already?) or will the collapse be forced upon us all when no further sticking plasters can be found?

A new day another new drama?

paddyrg

Britain will win on some fronts, lose on others. It's not black and white. For instance many countries would devalue, so holidays and imports would get cheaper - but that would mean exports would drop in our most important trading zone, so less money in circulation to buy those cheaper imports with.

foreversummer

I really don't know but I wish we would just get the inevitable over and done with. At least at the bottom there is only one way - and that is up.

Foreversummer

crazyguy

foreversummer wrote: »

I really don't know but I wish we would just get the inevitable over and done with. At least at the bottom there is only one way - and that is up.

Foreversummer

I pressume you mean that we come out of the recession, if so I personaly think this will last for a number of years still.

foreversummer

crazyguy wrote: »

I pressume you mean that we come out of the recession, if so I personaly think this will last for a number of years still.

By inevitable I mean the inevitable collapse of the Euro. All the 'leaders' seem to be doing is delaying the inevitable and I'm saying its not workable, let the whole bloody experiment go and everyone will have to pick themselves up and dust themselves down and start at the bottom.

I agree with you - I think we've years of pain and turmoil to come. I daren't even utter the words 'return to normal'. I just don't know what the new normal will be.

Foreversummer

Going4TheDream

I cant get my head round why in one breath we are denied a referendum, based on how much damage it will do the country should we leave yet in the other we are told that we would be better off if the Euro collapsed?

It makes no sense? or am I being 'dim'

Linton

Going4TheDream wrote: »

I cant get my head round why in one breath we are denied a referendum, based on how much damage it will do the country should we leave yet in the other we are told that we would be better off if the Euro collapsed?

It makes no sense? or am I being 'dim'

Who is telling you that? Are they to be believed?

Going4TheDream

Linton wrote: »

Who is telling you that? Are they to be believed?

Only briefly reading in the papers.

Who knows what to believe?

Aspiring_Writer

There is a report in today's Telegraph, the gist of which is that we (Britain) would actually be better off after a fashion if the Euro collapsed.

That 'fashion' being a recession and the old currencies finding their feet and value.

I don't know just how bad things would be if the Euro collapsed tomorrow, pretty bad probably but not as bad as the politicians would have us believe I suspect.

Personally, I think it is inevitable, especially given the complete lack of decision and conviction over there right now. So if thats the case yes, bring it on, lets get it over and done with and then we can start rebuilding our respective economies.

Wonder what odds the bookies will give me on the collapse of the single currency?

Conrad

People underestimate the extent to which we really are an ever more intensly glowing beacon of safety. Above all else investors crave certainty, safety and fairplay.

As to this utter nonsense that we are weaker alone, you really must not fall for this. Plenty of very sucessfull trading nations from Taiwan to Japan, trade with the world perfectly well alone.

Give people goods they want and they will buy no matter what.

PS - Did you know we made £7bn from space (I mean satelites etc, not real estate space) last year! Bare this sort of thing in mind when the neg heads tell you we supply nowt to the world.

Going4TheDream

Conrad wrote: »

People underestimate the extent to which we really are an ever more intensly glowing beacon of safety. Above all else investors crave certainty, safety and fairplay.

As to this utter nonsense that we are weaker alone, you really must not fall for this. Plenty of very sucessfull trading nations from Taiwan to Japan, trade with the world perfectly well alone.

Give people goods they want and they will buy no matter what.

PS - Did you know we made £7bn from space (I mean satelites etc, not real estate space) last year! Bare this sort of thing in mind when the neg heads tell you we supply nowt to the world.

This is where I struggle, We are led to believe that 10% of jobs depend on trading with the Eu. Would we suddenly not supply those services, skills and products if we were no longer part of it all? I cant see why not, unless we lost favourable tax concessions on export etc?

and that also does mean that 90% of employment currently doesn't rely on the EU?