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maybe they could have a euro for each member state :rolleyes:

Stop that crazy, radical thinking! It would never work if each country had its own currency! ;)

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What happens to euroB area debt?

i.e. will euroA area banks and other creditors still be entitled to receive euros?

If so, I don't think this does much to relieve the stresses.

If not, it still leaves the banks in trouble.

Edited by huw

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What could they call the second tier currency ?

My suggestion is the poor-o.

boom boom

I don't see it happening myself. I think it'll either stay intact or break up entirely with each country going back to its old currency.

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Schiff has talked about this inevitability for years.

Fact is that the greater European economy is a shambles outside of the Franco-Germanic sector.

It was a nice ride for all the parasitic economies, sucking off the wealth of the more productive states, but that was only going to last so long.

Edited by cashinmattress

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What happens to euroB area debt?

i.e. will euroA area banks and other creditors still be entitled to receive euros?

If so, I don't think this does much to relieve the stresses.

If not, it still leaves the banks in trouble.

I would guess it'll be like when the Euro was formed. Obligations in the old currency would be translated into obligations in the new at a fixed exchange rate (presumably 1 in this case). The EuroB would then fall 30-50% and the people that lent money in old Euros would take a bath.

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Schiff has talked about this inevitability for years.

Fact is that the greater European economy is a shambles outside of the Franco-Germanic sector.

It was a nice ride for all the parasitic economies, sucking off the wealth of the more productive states, but that was only going to last so long.

France is a club Med country. I am amazed by this misconception that France is one of the sound money country.

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The Euro seems unsustainable in it's present form.

However untangling the debt is going to be very difficult, because you will see the debtors all asking for current Euro debt to be in Euro A currency rather than Euro B.

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France is a club Med country. I am amazed by this misconception that France is one of the sound money country.

How so? They are far ahead of us Brits in many respects, and much more so for the lesser Euro parasites.

They haven't invested their entire economy into financial services either.

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How so? They are far ahead of us Brits in many respects, and much more so for the lesser Euro parasites.

They haven't invested their entire economy into financial services either.

France's GDP growth is purely a factor of credit driven inflation. They are entitlements champions, professional tax avoiders (the national sport), and habitual currency debasers (as a means to reduce those pesky deficits).

Make no mistake, they've invested their entire economy into credit driven building industry and consumption. Those ghost towns in Spain, you'll find them in France too if you look for them.

France's fiscal behaviour is based primarily on its Mediterranean culture.

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The article in The Telegraph is pure fiction. Speculation based upon rumour and flimsey evidence. Isnt it ?

If not and the article is true, then the single european currency known as the Euro is about to really break apart.

Its nice that Germany and France and the Northern European Countries are pressing ahead with a new "Super Euro". But hang on a minute what about the likes of Ireland, Portugal, Greece, Cyprus etc etc etc ? If anyone seriously thinks they will settle for a second class Euro then think again. They will of course leave what is left of the Euro and re-instate their own national currencies, fixed at a particular rate. They will renegotiate there debts or default.

Its a really good time to be British and most of these PIIGS are actually very nice places to buy property or at least holiday for 2 weeks each year.

Gordon Brown did one good thing in being Chancellor in not joining the Euro. Gordon we shall remember and partially forgive your other mistakes because of this.

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France's GDP growth is purely a factor of credit driven inflation. They are entitlements champions, professional tax avoiders (the national sport), and habitual currency debasers (as a means to reduce those pesky deficits).

Make no mistake, they've invested their entire economy into credit driven building industry and consumption. Those ghost towns in Spain, you'll find them in France too if you look for them.

France's fiscal behaviour is based primarily on its Mediterranean culture.

We have all of the above too dude. What you wrote just comes across as atypical British bigotry.

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This idea was put on here quite a while ago, and it seems like a very good idea in principle, but how would it work for countries that have their currencies pegged to the Euro, for instance Latvia, Lithuania, Estonia, etc these are poor countries, but have held the peg for many years now, and Estonia is due to join this year, would it join the weak Euro or the strong Euro,

Also although I dont really understand, if a small country like this accepts either a weak Euro or a strong Euro, there will be either huge immidiate problems with inflation due to rising import costs etc or vice versa.... does seem like a bit of a nightmare for these smaller countries

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We have all of the above too dude. What you wrote just comes across as atypical British bigotry.

Perhaps, but no one is describing the UK as a hard money country. It's the misconception I find surprising.

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Exactly. I suspect it is a French plan so that they can stay with the hard money guys.

Then they could keep subsidising France which would be cheaper than bailing out all of Southern Europe! I hadn't thought of it that way :).

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Now that everyone on the planet has a fast connection there is no longer any need for posters to go through the 20 second ordeal of copying & pasting the juicy bits of an article..........is there? <_<

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France is a club Med country. I am amazed by this misconception that France is one of the sound money country.

I'd agree to a degree, but it differs a little due the size of its economy. I have wished for ages that France would throw off its socialist roots and cut taxes in such a way that allows wider freedom to start businesses etc, with the lowest level of new business start ups of any developed country they would I believe see huge benefit from this... but the unions wouldn't allow it and indeed large sections of the workforce would be frightened into opposing it out of fear of losing "what they have got"... they are sadly in a truly difficult place where the populus to a large degree has its hand out and is relying on the state for aid and assisstance at every turn and they have yet to fully comprehend that all he state is doing is inefficiently re-distributing their own money..... is a never ending spiral of unions consintinuing year after year to negotiate higher slaries, shorter working weeks and lower retirement ages ... its only a matter of time before the whole thing blows up ( and thats their similarity to the club meds)

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What could they call the second tier currency ?

My suggestion is the poor-o.

The Euro

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  • 152 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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