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The Threat To The Euro Is Over


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HOLA441
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HOLA442
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HOLA443

Still a very shocking statistic.

The result of free borrowed money since the inception of the Euro spent on Development for European ex pats and then no sales. :rolleyes:

Yes, so much 'cheap money' and EU grants were thrown at these countries to facilitate the expansion of the EU . . . and NATO undercover. EU money was piled in to the old Soviet satellite countries. Suddenly places like Estonia had better motorways and stuff than the UK. You can't really blame them for thinking money grew on trees. I am sure it is still only geopolitics maintaining the argument for keeping Greece afloat.

But . .. it isn't affordable anymore . . .

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HOLA444

Well, my £100 bet with Paddy Power that Greece would still be in the euro at the end of 2012 paid out. I'm not normally a betting man, but placed that bet in the summer, when everyone seemed to get carried away with hysteria about Greece's apparently imminent departure.

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HOLA445
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HOLA447

You can't really blame them for thinking money grew on trees.

I`ve always believed the only people who thought money grew on trees were young people in Nurseries. :rolleyes:

Maybe adults Euro wise need further Education when you look at personal Debt today. A friend of mine who does debt advice says the post Christmas spending has generated a massive amount of people phoning in desperate for advice. :rolleyes:

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HOLA448

Well, my £100 bet with Paddy Power that Greece would still be in the euro at the end of 2012 paid out. I'm not normally a betting man, but placed that bet in the summer, when everyone seemed to get carried away with hysteria about Greece's apparently imminent departure.

Bugger. I'd have put a monkey on that if I'd known. I take it they're not making it again?

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HOLA449

Bugger. I'd have put a monkey on that if I'd known. I take it they're not making it again?

Doesn't look like it. I was considering a bet on the minimum Arctic ice extent being a record this summer, but after last year's exceptional low, it probably won't be.

Edit: Wasn't very good odds either, only 4/6, so I only won £66.66.

Edited by snowflux
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HOLA4410

Perhaps you could do me a favour, and suggest something concrete to Paddy Power that I can bet against!

How about

civil wars

military coups

national socialism

ethnic cleansing

annexation by invasion

secret police

death camps

That should be enough to be going on with.

:blink:

Edited by Game_Over
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HOLA4411

How about

civil wars

military coups

national socialism

ethnic cleansing

annexation by invasion

secret police

death camps

That should be enough to be going on with.

:blink:

Times? Locations? Odds?

FWIW, I'm sure there will be social unrest and state-organised violence in the coming decades, both in Europe and elsewhere, ultimately stemming from competition for resources and shifts in global power but blamed on whatever scapegoats happen to be at hand.

Edited by snowflux
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HOLA4412

Doesn't look like it. I was considering a bet on the minimum Arctic ice extent being a record this summer, but after last year's exceptional low, it probably won't be.

Edit: Wasn't very good odds either, only 4/6, so I only won £66.66.

Based on at least the last thousand years of European history

the chances of the EU project ending in anything other than disaster

really are Nil.

And I take no pleasure in saying this because the consequences could be truly horrendous.

As I said - the road to Hell is paved with good intentions.

:blink:

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HOLA4413
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HOLA4414

Based on at least the last thousand years of European history

the chances of the EU project ending in anything other than disaster

really are Nil.

And I take no pleasure in saying this because the consequences could be truly horrendous.

As I said - the road to Hell is paved with good intentions.

:blink:

Paddy Power offers odds on this sort of thing, though currently just on the first country to leave the euro. There are bound to be other bookies offering odds on EU breakup. Why not put your money where your mouth is?

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HOLA4415
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HOLA4416
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HOLA4417

I'll stop when you stop

deal?

Because I have three children and I really don't want the 21st century to be a rerun of the 20th.

All the countries constituting the EU have been at peace with one another since founding/joining the EC/EU. These are countries that had previously been almost constantly at war with one another. The EU is, on the whole, a force for good, and I can only hope that it is able to resist the attempts of nationalists such as you to destroy it and take us back to the bad old days again. For the sake of your children as well as mine.

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HOLA4418

All the countries constituting the EU have been at peace with one another since founding/joining the EC/EU. These are countries that had previously been almost constantly at war with one another. The EU is, on the whole, a force for good, and I can only hope that it is able to resist the attempts of nationalists such as you to destroy it and take us back to the bad old days again. For the sake of your children as well as mine.

Single currency nothing to do with it though? That and the one size fits all interest rates are going to CAUSE the next lot of unrest?

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HOLA4419

Single currency nothing to do with it though? That and the one size fits all interest rates are going to CAUSE the next lot of unrest?

Not really, no. I think it has become obvious just how ineffective central bank interest rates are as an economic tool. Also, we have seen economic crises in European countries that do not use the euro, such as Iceland and Hungary. I don't imagine that our situation would have been any better if the euro had not existed, and may well have been worse. The euro is a red herring as far as the current crisis is concerned.

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HOLA4420

I can only hope that it is able to resist the attempts of nationalists such as you to destroy it and take us back to the bad old days again.

A lot of people might say the 'good old days'

When countries are being trashed by an occupying force, be it armies, banking loansharks or troikas and EU control freaks, there is always a case for nationalism.

People will fight their own corner, it's normal.

If the EU had seriously worked for the 'greater good' . . . and had not created a massive divide between rich and poor, along with countries full of seriously disadvantaged people, then there would have been no reversion to the old principles of nationalism.

Nationalism is a very strong and historical force . . . the EU has to offer citizens something better to overcome it . . but so far, the EU is only offering pain, misery, austerity, over-regulation and over-government . . .

In wartime, people froze and starved. But now, people increasingly can not pay food or energy bills . . . what has changed? Tell me one thing the EU has achieved on behalf of its citizens . . . most of whom are out of work anyway . . .

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HOLA4421

All the countries constituting the EU have been at peace with one another since founding/joining the EC/EU. These are countries that had previously been almost constantly at war with one another.

Yeah. A nuclear threat from the Soviet Union and a couple of hundred thousand nuclear-armed US troops stationed across Western Europe had nothing to do with it. No, sir, it was all down to the EU.

The EU is, on the whole, a force for good, and I can only hope that it is able to resist the attempts of nationalists such as you to destroy it and take us back to the bad old days again. For the sake of your children as well as mine.

The EU guarantees that the next war in Europe will be a Civil War. Which are usually the worst kind.

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HOLA4423

A lot of people might say the 'good old days'

When countries are being trashed by an occupying force, be it armies, banking loansharks or troikas and EU control freaks, there is always a case for nationalism.

People will fight their own corner, it's normal.

If the EU had seriously worked for the 'greater good' . . . and had not created a massive divide between rich and poor, along with countries full of seriously disadvantaged people, then there would have been no reversion to the old principles of nationalism.

Nationalism is a very strong and historical force . . . the EU has to offer citizens something better to overcome it . . but so far, the EU is only offering pain, misery, austerity, over-regulation and over-government . . .

In wartime, people froze and starved. But now, people increasingly can not pay food or energy bills . . . what has changed? Tell me one thing the EU has achieved on behalf of its citizens . . . most of whom are out of work anyway . . .

You're smoking crack rocks. There's scarcely any difference between the long-run economic performance of the EU and the USA, real gdp per capita has essentially doubled since 1970. The EU is the biggest and richest single-market in the world.

EU-vs-US-gdp-cap-indexed.png

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HOLA4424

You're smoking crack rocks. There's scarcely any difference between the long-run economic performance of the EU and the USA, real gdp per capita has essentially doubled since 1970. The EU is the biggest and richest single-market in the world.

EU-vs-US-gdp-cap-indexed.png

..and within it ..the Greek economy is the strongest...?.....or the currency is as strong as it's weakest point...and the other weaker points...?..... :rolleyes:

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HOLA4425

You're smoking crack rocks. There's scarcely any difference between the long-run economic performance of the EU and the USA, real gdp per capita has essentially doubled since 1970. The EU is the biggest and richest single-market in the world.

Well, sorry, things have changed a bit since 1970.

I think you will find that the 'biggest and richest' market is having the most people fall into poverty and joblessness at this time. You can't talk up the Titanic from the sea bed, even with retrospective graphs.

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