City Watchdog Fearful Of Euro Collapse

[libspero]

If the Euro is truly plummeting, isn't that exactly what they need to avoid a break up of the currency?

The only reason the PIGGS want/need to break away is so they can trash their currency like we did. If the currency gets trashed anyway is there still really any need?

Just a thought.

[Game_Over]

If the Euro is truly plummeting, isn't that exactly what they need to avoid a break up of the currency?

The only reason the PIGGS want/need to break away is so they can trash their currency like we did. If the currency gets trashed anyway is there still really any need?

Just a thought.

The EU and the Euro are built on lies and falsified economic data.

Failure is inevitable.

[zebbedee]

My fear is that they end up giving us 10p on the Pound in savings and those in houses will be better off as our savings are stolen but house prices, although they will collapse, will then be unaffordable by all of us whose savings are devauled 90 percent.

Depends what your savings are in really

[campervanman]

Relative values have shifted a great deal in 8 years.

Purchasing power, relative to currency values, is the only measure by which to determine if a currency is worth more or less at any fixed point in time. E.g. you can use the purchasing power of the $ to buy goods in the marketplace for less in the US than in the EZ despite many of those goods having been imported in the US.

Have you any evidence to show the situation was any different back in 2002?