A new 'tougher' thread... and so it continues

greenbee

fuddle wrote: »

From what I understand the collapse of the euro will/can/might etc effect

the government's plans to reduce our debt by a mixture of austerity measures and relying on economic growth will falter.
Britain will not be able to grow economically
back into a deep recession
credit crunch
growth stalls but high inflation stays - hiking interest rates to control inflation
austerity that angers people - civil unrest
houseprice crash as overpriced due to low interest rates
benefits system being effected
the euro will be no more, each country back to looking after itself.
tough times for everyone financially that could take a very long time to recover from.

That is opinions from on the net. I have no idea if they're right etc but at least I have a fair idea about what might happen and how it might effect me. Anyone looking in on this post who has any knowledge of the financial crisis I apologise for my ignorance. You may howl at this thick apron wearing housewife.

On that note - christmas tree!

looks like it's already happened then :cool:

lizzyb1812 wrote: »

Just like now then

Exactly! Something was going round at work wondering when the Euro would collapse, and several people pointed out that many currencies (USD and sterling included, as well as the Euro) have already technically done this, but as they did it together, it wasn't so noticeable.

But no, don't hang on to Euros, and if you're going to feel sorry for anyone, feel sorry for the northern Europeans, being dragged down by the Mediterranean economies...

Kimsmum

Well Hair is cut and I look human again so the OH says.:eek:

I am so glad this thread is here,and we can support each other.
We also rent and my sister is always telling me off as she sees this as failure She is 67 and I am 56 I think she thinks she my mother at times.

charliemaine1bee wrote: »

Struggling to look forward to christmas and the new year now..been told my mum has developed pnuemonia and in consultants opinion she has around 2 weeks left.(apparently this is a common way for people who are in a vegetetive state to pass away)..Been grieving since beginning of October as thats when i lost my mum really when she collapsed..the thought of organising funeral etc so close to christmas makes me feel quite ill and the fact she is over 200 miles away..then we have to conjour money that we havent got to pay for it all afterwards.

I lost my dad and other sister 7 years ago three weeks apart in late nov and early dec.I also know you have to take care of yourself and treat yourself kindly Semding positive thoughs.

maryb

I'm not convinced things will be as dire as people are forecasting if the Euro does break up. Of course, the powers that be are trying to persuade people to 'keep tight hold of nurse for fear of meeting something worse' but that doesn't mean it will actually be worse - look at Iceland, doing rather well now. And Czechoslovakia managed to split its currency quite calmly without causing massive disruption when you would think that things could not be much more entwined than in a single country. It's similar to when we were chucked out of the Exchange Rate Mechanism - dire predictions beforehand not borne out in practice and then things started to get lots better.

But, of course, this would not be a calm process like Czechoslovakia so there could be some disruption for a while. However we would not have to make the adjustment to using a new currency so things would probably sort themselves out fairly soon. Personally, it couldn't come at a worse time with DD1 graduating next summer and starting to look for work as employers are bound to be ultra conservative in their hiring.

I do think that events will overtake the politicians. Journalists may talk about closer fiscal union enabling Germany to agree to bail out other countries but they haven't thought through what that would really mean. The French public may not care if Germany tells Greece to sack its civil servants but when it comes to French civil servants being laid off because of German demands for austerity - well you can imagine, can't you? (clue - they still have lots of streets with cobblestones in France).

What I really hate is the way the innocent get caught up in the economic mayhem. We lived through several rounds of redundancies in the 90s and early 2000s and it made us want to be safe, safe, safe. The thought of inflation eating away our hard earned savings frankly terrifies me.

mardatha

jamanda wrote: »

Might go and count my tins.

:D:D A new pastime is born! :rotfl:

westcoastscot

thanks especially for the cheap family recipes site - there's a lovely recipe there for bacon and onion pudding - sounds lovely! Shall have more of a browse.
Am going to get out my wartime cookery books also this weekend and look for a couple more cheap dinner recipes for in the week
WCS

mardatha

The whole reason I think , for this thread, is so that we can keep up with whats going on. Not so we can indulge in mass hysteria and panic. But on other threads they think thats what we do. But we dont!
Erm, does that make any sense at all ? :rotfl::rotfl::rotfl:

greenbee

mardatha wrote: »

The whole reason I think , for this thread, is so that we can keep up with whats going on. Not so we can indulge in mass hysteria and panic. But on other threads they think thats what we do. But we dont!
Erm, does that make any sense at all ? :rotfl::rotfl::rotfl:

And trying to put a positive spin on it - is De La Rue a publicly listed company? If so, buy shares in them, as they're the ones that do the banknote printing...

westcoastscot

totally agree - i don't want to dwell on the bad news but do want to raise my awareness of it, so I can plan as best I can - if it doesn't happen then it isn't going to matter is it? I've still learnt to save a little more in small ways which can only benefit me and my family

WCS

Kimsmum

mardatha wrote: »

The whole reason I think , for this thread, is so that we can keep up with whats going on. Not so we can indulge in mass hysteria and panic. But on other threads they think thats what we do. But we dont!
Erm, does that make any sense at all ? :rotfl::rotfl::rotfl:

I totally agree Mardatha, I have learned so much off this thread.:)

maryb

One thing - it's likely to be the best time to be a computer programmer since 1999 - all the banks must be rewriting programmes so that they can cope with reverting to lots of different currencies. Like Y2k - they won't wait until it's actually necessary to make the changes, especially now that the Bank of England has told them to prepare