crash2006 Posted October 16, 2011 Share Posted October 16, 2011 (edited) Nicolas Sarkozy threatened to pull out of euro over Greece row http://www.telegraph...Greece-row.html If the French pull out the Euro collapses so does the European union, Germany losses its export power, 60 years money down the drain being pumped into Europe, the USA gets what they wanted the total collapse of a large populated trading area working together but they also get more, 100% global financial break down will lead to the loss of the dollar power that could lead to a global war. German foreign minister hits out at US over debt crisis Germany's foreign minister today lashed out at the United States over criticism the eurozone is not doing enough to solve its economic woes, noting that US debt had also contributed to the current crisis. http://www.telegraph.co.uk/finance/financialcrisis/8829980/German-foreign-minister-hits-out-at-US-over-debt-crisis.html forgot to add this last night Edited October 16, 2011 by crash2006 Quote Link to comment Share on other sites More sharing options...
aa3 Posted October 16, 2011 Share Posted October 16, 2011 Greece really has France over the barrel. Greece simply says nahh we dont' like those terms, I guess we will default. Then France runs crying and screaming to Germany to sweeten the terms. Quote Link to comment Share on other sites More sharing options...
nmarks Posted October 16, 2011 Share Posted October 16, 2011 Er... Is't that article dated May 2010? Quote Link to comment Share on other sites More sharing options...
Gone baby gone Posted October 16, 2011 Share Posted October 16, 2011 Er... Is't that article dated May 2010? Yup, finger on the pulse and all that... Quote Link to comment Share on other sites More sharing options...
Qetesuesi Posted October 16, 2011 Share Posted October 16, 2011 Er... Is't that article dated May 2010? The question is though, what's changed since then? Quote Link to comment Share on other sites More sharing options...
Georgia O'Keeffe Posted October 16, 2011 Share Posted October 16, 2011 The question is though, what's changed since then? my underwear, at least twice Quote Link to comment Share on other sites More sharing options...
Guest spp Posted October 16, 2011 Share Posted October 16, 2011 (edited) The system cannot survive without our support! Edited October 16, 2011 by spp Quote Link to comment Share on other sites More sharing options...
papag Posted October 16, 2011 Share Posted October 16, 2011 The question is though, what's changed since then? Two trillion pounds and rising Quote Link to comment Share on other sites More sharing options...
Gone baby gone Posted October 16, 2011 Share Posted October 16, 2011 The question is though, what's changed since then? If you wait another 18 months, the OP will post a link that tells you... Quote Link to comment Share on other sites More sharing options...
Qetesuesi Posted October 16, 2011 Share Posted October 16, 2011 my underwear, at least twice With the rate of economic bad news, I'm amazed you don't soil it twice a day! Two trillion pounds and rising Exactly: the situation's worse now, so the OP's point is all the stronger. If you wait another 18 months, the OP will post a link that tells you... Quote Link to comment Share on other sites More sharing options...
leicestersq Posted October 16, 2011 Share Posted October 16, 2011 With the rate of economic bad news, I'm amazed you don't soil it twice a day! He didn't say he didn't, just that he had changed them twice. I am personally fed up with the uber rich coming in here telling us about the luxury they live in. Quote Link to comment Share on other sites More sharing options...
madpenguin Posted October 16, 2011 Share Posted October 16, 2011 It's the Telegraph for gods sake, they publish "the Euro will fail any day now" type articles every day, same for the Chinese currency and anything which is a threat to the dollar and to a lesser extent Sterling, Ambrose Evans Pritchard is the high priest of the paper's financial journalists, who can ever forget his "24 Hours to save the Euro" article last year with the Photoshopped newspaper billboard picture? The Euro has troubles yes, but don't go to the Telegraph for an impartial view, it's like asking the Labour Party for comments about how well David Cameron is doing! Quote Link to comment Share on other sites More sharing options...
R K Posted October 16, 2011 Share Posted October 16, 2011 If you wait another 18 months, the OP will post a link that tells you... Torygraph seems to keep ancient articles in it's 'popular articles' lists. Perhaps that's the last time anybody read it. Quote Link to comment Share on other sites More sharing options...
crash2006 Posted October 16, 2011 Author Share Posted October 16, 2011 Er... Is't that article dated May 2010? forgot to post the rest sorry... Quote Link to comment Share on other sites More sharing options...
LJAR Posted October 16, 2011 Share Posted October 16, 2011 The system cannot survive without our support! I love the way that people insist that globalisation and the rise in living standards that goes in hand in hand with it, is a bad thing. Quote Link to comment Share on other sites More sharing options...
pyewackitt Posted October 16, 2011 Share Posted October 16, 2011 I love the way that people insist that globalisation and the rise in living standards that goes in hand in hand with it, is a bad thing. The living standards rise is obviously a good thing. The problem is our laissez-faire approach to installing firewalls between nations. Globalisation has many benifits for everyone, trade, travel etc. what it also does is create systemic interdependance and therefore systemic risk where crisis can become contagious between nations. The other impact is the impact to productive diversity, which is to say that some countries build or farm more of one thing over another and we trade between each other. A good example is the electricity industry in France which sells power all over Europe. But that means that nationally a lot of countries can't cover their own electricity provision needs. What this effects is the capital outlay imbalance as economics change. The UK used to coal mine and build cars, we pretty much don't do that any more, if we wanted to the capital costs and production costs would be prohibitive. We recognise that with the Common Agricultural Policy (CAP) in Europe but at a more national level. It is my opionion we need to keep productive capability at a national level to at least 50% of demand in most areas to both allow for technical fields in all areas to have a breeding ground to develop, but more importantly to provide a stabilisation for local pricing that is seperate from internationally exported inflation and allows for continued supply in the event of a crisis. Quote Link to comment Share on other sites More sharing options...
Charlie The Tramp Returns Posted October 16, 2011 Share Posted October 16, 2011 The EEC was a brilliant idea, The European Union was the biggest disaster waiting to happen. It was the only reason I sold my share in my business and got out 9 years ago. The best decision I ever made in my working life. They were trying to teach my Business Partner and I to suck eggs costing us a large amount of our profits and reducing our personal earnings. Quote Link to comment Share on other sites More sharing options...
billybong Posted October 17, 2011 Share Posted October 17, 2011 (edited) ...that could lead to a global war. I think they mean that could lead to a World War but, hey, since about year 2000 "global" has been the new buzzword. Yeah yeah more bailout money for the pals OR ELSE there'll be another World War yeah yeah whatever. Blackmail, just go for it Edited October 17, 2011 by billybong Quote Link to comment Share on other sites More sharing options...
'Bart' Posted October 17, 2011 Share Posted October 17, 2011 I love the way that people insist that globalisation and the rise in living standards that goes in hand in hand with it, is a bad thing. Yeah, sure, whatever. The awful truth: education won't stop the west getting poorer Bank of England chief Mervyn King: standard of living to plunge at fastest rate since 1920s Economists warn of worst fall in living standards for 30 years Quote Link to comment Share on other sites More sharing options...
DustyDog Posted October 18, 2011 Share Posted October 18, 2011 The EEC was a brilliant idea, The European Union was the biggest disaster waiting to happen. It was the only reason I sold my share in my business and got out 9 years ago. The best decision I ever made in my working life. They were trying to teach my Business Partner and me to suck eggs costing us a large amount of our profits and reducing our personal earnings. Corrected it for you. Quote Link to comment Share on other sites More sharing options...
Gone baby gone Posted October 18, 2011 Share Posted October 18, 2011 Corrected it for you. Wow. Awesome correction, is it really you...? No, it can't be, I thought the legends were just that - legends. To finally be in your presence after all these years, well, it's just amazing. Quote Link to comment Share on other sites More sharing options...
DustyDog Posted October 18, 2011 Share Posted October 18, 2011 Wow. Awesome correction, is it really you...? No, it can't be, I thought the legends were just that - legends. To finally be in your presence after all these years, well, it's just amazing. You're welcome. Quote Link to comment Share on other sites More sharing options...
Nationalist Posted October 18, 2011 Share Posted October 18, 2011 The Telegraph were just picking up on a Figaro story. See here. Quote Link to comment Share on other sites More sharing options...
BalancedBear Posted October 18, 2011 Share Posted October 18, 2011 Nicolas Sarkozy threatened to pull out of euro over Greece row http://www.telegraph...Greece-row.html If the French pull out the Euro collapses so does the European union, Germany losses its export power, 60 years money down the drain being pumped into Europe, the USA gets what they wanted the total collapse of a large populated trading area working together but they also get more, 100% global financial break down will lead to the loss of the dollar power that could lead to a global war. German foreign minister hits out at US over debt crisis Germany's foreign minister today lashed out at the United States over criticism the eurozone is not doing enough to solve its economic woes, noting that US debt had also contributed to the current crisis. http://www.telegraph.co.uk/finance/financialcrisis/8829980/German-foreign-minister-hits-out-at-US-over-debt-crisis.html forgot to add this last night With or without the Euro, Germany will be fine. They did well with the DM and they would be fine with any other currency. A currency is just a means of exchange. It is only the idiots who buy the views of USA and Britain, that debt = wealth that are stuck. Germany's export machine would still work if they had to resort to using gold bars as a medium of exchange. It is only nations who have insufficient things to trade that are in trouble, and no currency can fix that, just hard work. Quote Link to comment Share on other sites More sharing options...
OnlyMe Posted October 18, 2011 Share Posted October 18, 2011 With or without the Euro, Germany will be fine. They did well with the DM and they would be fine with any other currency. A currency is just a means of exchange. It is only the idiots who buy the views of USA and Britain, that debt = wealth that are stuck. Germany's export machine would still work if they had to resort to using gold bars as a medium of exchange. It is only nations who have insufficient things to trade that are in trouble, and no currency can fix that, just hard work. Yep, which is why the ratings agencies have been set on the euro - it is all a big smokescreen to turn attention away from the US issues, prevent a collapse of the USD and continue the dollar standard as long as possible - or long engough for the next presidential election has taken place - the short-termism in the US economy (via political and central bank interventation) is its real achilles heel. Quote Link to comment Share on other sites More sharing options...
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