Qetesuesi Posted September 22, 2011 Share Posted September 22, 2011 Say no more. Quote Link to comment Share on other sites More sharing options...
Deckard Posted September 22, 2011 Share Posted September 22, 2011 Great read, let's extract some choice quotes. My favourite is Here is the paper's Lex column on January 8, 2001, on the subject of Greek entry to the eurozone: "With Greece now trading in euros," reflected Lex, "few will mourn the death of the drachma. Membership of the eurozone offers the prospect of long-term economic stability." Quote Link to comment Share on other sites More sharing options...
plummet expert Posted September 22, 2011 Share Posted September 22, 2011 Great read, let's extract some choice quotes. My favourite is LOL Why did no one listen to the voices of reason? Anyone with half an economic brain knew the Euro would cause economic imbalances not seen before in Europe. If Germans had though they would have to subsidise poorer regions in future as a result, how many would have agreed? I remember being asked by an Italian friend why Britain semed so opposed to the Euro in about 2005. I told him then that it would cause parts of Europe to become poorer and in turn result in subsidies on a grand scale since the automatic mechanism for dealing with it - the exchange rate - would have been abolished. I told him that it may cause great unempoloyment in certain regions (countries ) of the EU and have no real advantages. Besides, we wanted to retain our sovereignty I announced. I was laughed at. Quote Link to comment Share on other sites More sharing options...
Peter Hun Posted September 22, 2011 Share Posted September 22, 2011 (edited) The Euro has been great for UK business and tourists without any cost to the UK. But the jerk who wrote that is claiming they have been proven right when they haven't, yet. The Euro is still standing and still worth much more than the GBP since inception, for better or worse. Until the Euro actually collapses he should leave out the gloating, becuase they could still fix it - if they have the guts. Edited September 22, 2011 by Peter Hun Quote Link to comment Share on other sites More sharing options...
plummet expert Posted September 22, 2011 Share Posted September 22, 2011 The Euro has been great for UK business and tourists without any cost to the UK. But the jerk who wrote that is claiming they have been proven right when they haven't, yet. The Euro is still standing and still worth much more than the GBP since inception, for better or worse. Until the Euro actually collapses he should leave out the gloating, becuase they could still fix it - if they have the guts. IT HAS ALREADY COLLAPSED BUT FOR THE INTERVENTION OF PHONEY NON EXISTENT MONEY. It is not gloating; just a statement of interest that foresaw the problems - needless ones. There is no need for the Euro, no substantial economic argument which underpins it and in fact it is damaging to economic stability, whether or not we faced this financial crisis in the current form. It's current relative value does not equate to an argument for the Euro, rather another sign of British failure since 1999. Quote Link to comment Share on other sites More sharing options...
Deckard Posted September 22, 2011 Share Posted September 22, 2011 The Euro has been great for UK business and tourists without any cost to the UK. The question isn't "what has the Euro done for the UK", rather "what has the Euro done for Eurozone members". I suggest you ask the Greeks, Irish, Italians, Spaniards and Portuguese. Quote Link to comment Share on other sites More sharing options...
Chuffy Chuffnell Posted September 22, 2011 Share Posted September 22, 2011 http://order-order.com/2011/09/22/oborne-has-guilty-europhiles-squirming/ From the book "Guilty Men" by Peter Oborne and Francis Weaver, coming out soon - “Very rarely in political history has any faction or movement enjoyed such a complete and crushing victory as the Conservative Eurosceptics. The field is theirs. They were not merely right about the single currency, the greatest economic issue of our age — they were right for the right reasons.” Looking forward to THIS WEEK tonight, BBC One at 11:45! Quote Link to comment Share on other sites More sharing options...
Chuffy Chuffnell Posted September 22, 2011 Share Posted September 22, 2011 The Euro has been great for UK business and tourists without any cost to the UK. But the jerk who wrote that is claiming they have been proven right when they haven't, yet. The Euro is still standing and still worth much more than the GBP since inception, for better or worse. Until the Euro actually collapses he should leave out the gloating, becuase they could still fix it - if they have the guts. Quote Link to comment Share on other sites More sharing options...
'Bart' Posted September 22, 2011 Share Posted September 22, 2011 Until the Euro actually collapses he should leave out the gloating, becuase they could still fix it - if they have the guts. As "ifs" go, that's a pretty damn big one. Quote Link to comment Share on other sites More sharing options...
NiceLilEarner Posted September 22, 2011 Share Posted September 22, 2011 Very rarely in political history has any faction or movement enjoyed such a complete and crushing victory as the Conservative Eurosceptics. Thats like declaring the failure of the UK / US banking system in 2007/8 is a complete and crushing victory for Karl Marx. Be careful what you wish for ! Quote Link to comment Share on other sites More sharing options...
Chuffy Chuffnell Posted September 22, 2011 Share Posted September 22, 2011 Thats like declaring the failure of the UK / US banking system in 2007/8 is a complete and crushing victory for Karl Marx. Be careful what you wish for ! Erm, no, Karl Marx isn't / wasn't "right for the right reasons". In fact he wasn't / isn't right at all. Quote Link to comment Share on other sites More sharing options...
stormymonday_2011 Posted September 22, 2011 Share Posted September 22, 2011 Since Gordon Brown was largely responsible for keeping the UK out of the Euro does that make him right too. Or do we just write him out of the story because everyone in here thinks he is single handedly responsible for all the financial f*ck ups in the past 20 years. Quote Link to comment Share on other sites More sharing options...
NiceLilEarner Posted September 22, 2011 Share Posted September 22, 2011 Erm, no, Karl Marx isn't / wasn't "right for the right reasons". In fact he wasn't / isn't right at all. Neither are the Eurosceptics. Of course, anyone who predicts the collapse of a complex, cooperative system will eventually be proved right. The nutter who smells of pee and stands on the street corner predicting the crack of doom will be proved right in the end, given enough time. That doesnt mean we hand the world over to nutters, or Karl Marx, or Conservative backbenchers (I think even Cameron understands that). Quote Link to comment Share on other sites More sharing options...
Chuffy Chuffnell Posted September 22, 2011 Share Posted September 22, 2011 Neither are the Eurosceptics. Of course, anyone who predicts the collapse of a complex, cooperative system will eventually be proved right. The nutter who smells of pee and stands on the street corner predicting the crack of doom will be proved right in the end, given enough time. That doesnt mean we hand the world over to nutters, or Karl Marx, or Conservative backbenchers (I think even Cameron understands that). The system isn't going to collapse because of Conservative Eurosceptics... they merely predicted its collapse AND why it would. Quote Link to comment Share on other sites More sharing options...
The XYY Man Posted September 22, 2011 Share Posted September 22, 2011 Erm, no, Karl Marx isn't / wasn't "right for the right reasons". In fact he wasn't / isn't right at all. Not happy with Karl's perfomance...??? Try some Groucho instead - he seems well clued-up.... Politics is the art of looking for trouble, finding it everywhere, diagnosing it incorrectly and applying the wrong remedies. Groucho Marx The secret of life is honesty and fair dealing. If you can fake that, you've got it made. Groucho Marx All people are born alike - except Republicans and Democrats. Groucho Marx XYY Quote Link to comment Share on other sites More sharing options...
hedgefunded Posted September 22, 2011 Share Posted September 22, 2011 Since Gordon Brown was largely responsible for keeping the UK out of the Euro does that make him right too. Or do we just write him out of the story because everyone in here thinks he is single handedly responsible for all the financial f*ck ups in the past 20 years. It's true, but it was down to blind luck Quote Link to comment Share on other sites More sharing options...
Chuffy Chuffnell Posted September 22, 2011 Share Posted September 22, 2011 If London had its own currency, with the rest of the UK having another, we'd be fine. Quote Link to comment Share on other sites More sharing options...
Traktion Posted September 23, 2011 Share Posted September 23, 2011 If London had its own currency, with the rest of the UK having another, we'd be fine. With modern technology, any currency could be used anywhere. They can/do even compete in the same regions. They don't need to be managed by a government either. Quote Link to comment Share on other sites More sharing options...
LiveAndLetBuy Posted September 23, 2011 Share Posted September 23, 2011 With modern technology, any currency could be used anywhere. They can/do even compete in the same regions. They don't need to be managed by a government either. Yes it's something I think would apply really well to somewhere like Spain, which has highly autonomous regions, some of which require a much weaker currency than others. Quote Link to comment Share on other sites More sharing options...
Traktion Posted September 23, 2011 Share Posted September 23, 2011 Yes it's something I think would apply really well to somewhere like Spain, which has highly autonomous regions, some of which require a much weaker currency than others. It doesn't need to be limited to regions either, or it doesn't require any contiguous space; you can spend Euros in the US, Sterling in France, Dollars in China etc. Digital transactions remove the difficulty of having many different sorts of notes/coinage - you just pay and the exchange is done on the fly. In short, you can use whatever money you prefer, including what people are paid in. Ofc, exchange risk may put some off, but this swings both ways. Why not let competition do its thing, thus letting the most stable currencies prosper? Although the Euro was a silly idea, it doesn't mean that per country sovereign currencies are the best either. Having a (government) monopoly of money is just as bad as any other monopoly. Quote Link to comment Share on other sites More sharing options...
Lambie Posted September 23, 2011 Share Posted September 23, 2011 (edited) Say no more. To paraphrase John Redwood, the Euro is a b****** ginger orphan looking for a sovereign to love it. It never even had a chance. Edited September 23, 2011 by Lambie Quote Link to comment Share on other sites More sharing options...
Qetesuesi Posted September 23, 2011 Author Share Posted September 23, 2011 Just about to read it, it's just been flagged up to me. Apparently it's dynamite. Isn't it just. Who tipped you off to it? Quote Link to comment Share on other sites More sharing options...
Bosh Posted September 23, 2011 Share Posted September 23, 2011 Just about to read it, it's just been flagged up to me. Apparently it's dynamite. Fantastic read. Surprised this thread is not top of the pops on hpc. It is dynamite. Quote Link to comment Share on other sites More sharing options...
davidg Posted September 23, 2011 Share Posted September 23, 2011 If Germans had though they would have to subsidise poorer regions in future as a result, how many would have agreed? I dunno, did anyone ask them ? In the few referenda that have taken place most of the time people say NO and the politicians say it was the wrong result. Maybe the "people" of Europe are not as stupid as people think? Quote Link to comment Share on other sites More sharing options...
Bosh Posted September 23, 2011 Share Posted September 23, 2011 It should be pinned. I agree. Actually quite depressing really. The winning prize sucks. Quote Link to comment Share on other sites More sharing options...
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