Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
The shaky future of the Euro has nothing to do with exchange rates. It's all about the responsible countries getting fed up with the PIGs, and the taxpayers in those countries deciding they want out.
The only thing exchange rates tell is the current value of one currency vs another. Both could be very strong or very weak. Exchange rates don't mean strength.
You seem to totally discount the weaker countries can be discarded if need be and the Euro can continue on and actually be stronger than it is now.
In fact if Congress screws up and doesn't get a debt ceiling deal done you'll see the Euro get considerably stronger. In fact an argument could be made that if Congress doesn't get a debt ceiling deal done it's the beginning of the end of the U.S Dollar as the worlds reserve currency.
I hope the € implodes and the EU goes under. Because the EU is an experiment in regionalization of the world and, ultimately, world government. If this experiment in social and governmental engineering goes under, the world can breathe a sigh of relief once again
Greece was let into the EU for political reasons and not economic ones. For those same political reasons, the EU will bail her out. The benefit for Greece is that she will retain a better standard of living than her Balkan neighbors. The downside is that she will lose control of her economy to Germany.
Point well taken!
All things being equal it's a hell of lot better than losing their economy to Americans or just about anything else. . Right now the German economy is the strongest in Europe and the Germans have a firm gripe on industrial policy and fiscal policy.
I hope the € implodes and the EU goes under. Because the EU is an experiment in regionalization of the world and, ultimately, world government. If this experiment in social and governmental engineering goes under, the world can breathe a sigh of relief once again
Most Europeans kind of like regionalization and the EU. It beats going to war with each other every 20-30 years or so. They like not having to stop at border posts every time they cross a border and they like not having to change money all the time. For ordinary Europeans it works pretty well.
Most Europeans kind of like regionalization and the EU. It beats going to war with each other every 20-30 years or so. They like not having to stop at border posts every time they cross a border and they like not having to change money all the time. For ordinary Europeans it works pretty well.
Because Europeans are just as zombified like Americans. Americans give up their rights in the name of safety and security from the big bad boogeyman and Europeans give up their rights and sovereignty for safety and security from the boogeyman of war, which all the major world banks have financed on both sides.
How long will it be before the more responsible countries like Germany decide that they are fed up with bailing out the three PIGs?
I predict that the "Euro experiment" will crumble within this decade.
You do understand that with Greece we're talking about $100 Billion in loans, right?
That is a whopping 0.652% of the EU GDP, so no, this is hardly a crisis. Keep in perspective that Greece is only 11 Million people with a GDP of $350 Billion.
I hope the € implodes and the EU goes under. Because the EU is an experiment in regionalization of the world and, ultimately, world government. If this experiment in social and governmental engineering goes under, the world can breathe a sigh of relief once again
Most Europeans kind of like regionalization and the EU. It beats going to war with each other every 20-30 years or so. They like not having to stop at border posts every time they cross a border and they like not having to change money all the time. For ordinary Europeans it works pretty well.
I don't think having the EU has anything to do with preventing war. In fact, if conditions like today existed in 1930, I suspect Hitler would have had an easy time gaining power.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
