is the euro going to collapse

Mrs_Bones

ILW wrote: »

Which is a little ungrateful as the Germans are paying for the Greeks pensions, public sector etc. whilst in many cases having lower living standards regarding working hours, retirement age, social security et al.

Yes but talking to people in Greece you will find that they look upon the bailout money as coming from the EU and Europe as a whole, they don't want to leave the Euro or the EU. On the other hand they see the austerity measures as being dictated to them by Germany and are increasingly resentful of what they see as Germany trying to boss them around and old wounds are being reopened. Now we may see that as unrealistic thinking but that is how it is playing out.

treliac

Yes.

I'm going to post this again.... http://www.youtube.com/watch?v=NOzR3UAyXao&feature=related

1984ReturnsForReal_2

YES YES & YES again

The only possible (very remote) solution is the central control of all the countries finances & one EuroBond. Which according to Germany isn't going to happen.

Road_Hog

ruggedtoast wrote: »

No. The great Federal EU Superstate is pretty much inevitable now however, and there will not be one democratic vote in any country affected.

Yep, pretty much it.

Whilst the Euro may financially fail, the Eurozone will not be allowed to collapse, as it is a political union not a monetary/fiscal union.

Some fudge will be deployed to keep it together in some way. The Euro was never anything to do with a single currency, just like the EEC was never about being part of a trading bloc.

Flight2quality

treliac wrote: »

Yes.

I'm going to post this again.... http://www.youtube.com/watch?v=NOzR3UAyXao&feature=related

But what is the difference between Europe and the rest of the world?

The world economy is just like a room full of top bankers and Governments franticly writing IOU's and handing them to each other. It is 100% inevitable to collapse.

We will have a new monetary system at some point soon. A return to honest money or at least backed by something better than thin air.

What ever happens gold and silver are the safest places to be at times like these.

Sapphire

newDude wrote: »

They are required to have a plan B by the FSA.

The FSA have proved to be a (bad) joke, and cannot be trusted with anything to do with the economy. There were promises by the government of getting rid of the FSA. Why does it even exist with its track record?

amcluesent

Do you believe in Merkels?

....this week has exposed a qualitative difference between a true sovereign currency, and one designed by committee, held together by ideology and political sticking-plaster. This uncertainty has bred the euro discount, and the result is the bizarre spectacle of cheaper money for the UK government than for the Germans.

A._Badger

As I've asked before - at what point do we get trials of the traitors and halfwits who tried so hard to force us into the madhouse?

Also how do I book a front row seat? And, does anyone know an MSE source of piano wire?

leveller2911

A._Badger wrote: »

As I've asked before - at what point do we get trials of the traitors and halfwits who tried so hard to force us into the madhouse?

Also how do I book a front row seat? And, does anyone know an MSE source of piano wire?

I remember Douglas Alexander was regularly on Question time saying how we should join the Euro as soon as possible and how its in our best interests......... Little sh1te is conspicuous by his absence now..

I know there were lots of others ,maybe we should have a seperate thread so we can shame them all........;)

A._Badger

leveller2911 wrote: »

I remember Douglas Alexander was regularly on Question time saying how we should join the Euro as soon as possible and how its in our best interests......... Little sh1te is conspicuous by his absence now..

I know there were lots of others ,maybe we should have a seperate thread so we can shame them all........;)

There definitely needs to be a reckoning. Those politicians and pundits who tried to steer us onto the rocks need to have to live with the shame of their wrong-headedness for the rest of their careers.

If they were wrong about the Euro (and in many cases, not just wrong but arrogantly and obnoxiously wrong) then any advice they offer in the future should be accompanied by a health warning.