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dogbert10
Doesn't have much of a life
Joined: Thu Apr 23, 2009 8:23 pm
Posts: 638
Location: 3959 miles from the centre of the Earth - give or take a bit
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i7 860 @ 3.5GHz, GTX275, 4GB DDR3
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| Sun May 09, 2010 12:54 pm |
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Amnesia10
Legend
Joined: Fri Apr 24, 2009 2:02 am
Posts: 29240
Location: Guantanamo Bay (thanks bobbdobbs)
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Many EU members want a drop in the value of the Euro. It would enable then to export, price out imports, and reduce trade deficits and make it easier to trade their way out of the crisis. This funding is to support banks first and governments second.
_________________Do concentrate, 007... "You are gifted. Mine is bordering on seven seconds." https://www.dropbox.com/referrals/NTg5MzczNTkhttp://astore.amazon.co.uk/wwwx404couk-21
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| Sun May 09, 2010 3:04 pm |
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adidan
I haven't seen my friends in so long
Joined: Thu Apr 23, 2009 9:43 pm
Posts: 5048
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AFAIk it's being reported today that we won't be propping up the euro.
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Fogmeister I ventured into Solitude but didn't really do much.
jonbwfc I was behind her in a queue today - but I wouldn't describe it as 'bushy'.
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| Sun May 09, 2010 4:32 pm |
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Linux_User
I haven't seen my friends in so long
Joined: Tue May 05, 2009 3:29 pm
Posts: 7173
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I hope that decision doesn't come back to bite us in the arse.
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| Sun May 09, 2010 6:22 pm |
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Amnesia10
Legend
Joined: Fri Apr 24, 2009 2:02 am
Posts: 29240
Location: Guantanamo Bay (thanks bobbdobbs)
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It will make holidays in Europe cheaper if the Euro falls against the pound, but it will make our exports more expensive.
_________________Do concentrate, 007... "You are gifted. Mine is bordering on seven seconds." https://www.dropbox.com/referrals/NTg5MzczNTkhttp://astore.amazon.co.uk/wwwx404couk-21
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| Sun May 09, 2010 7:02 pm |
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Linux_User
I haven't seen my friends in so long
Joined: Tue May 05, 2009 3:29 pm
Posts: 7173
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Bugger that, I'm worried about the Eurozone dragging the UK kicking and screaming back into recession.
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| Sun May 09, 2010 7:03 pm |
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Amnesia10
Legend
Joined: Fri Apr 24, 2009 2:02 am
Posts: 29240
Location: Guantanamo Bay (thanks bobbdobbs)
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It does depend on what they are asking for. If europe has another recession then it could push us into a recession, as we trade a lot with Europe. _________________Do concentrate, 007... "You are gifted. Mine is bordering on seven seconds." https://www.dropbox.com/referrals/NTg5MzczNTkhttp://astore.amazon.co.uk/wwwx404couk-21
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| Sun May 09, 2010 7:28 pm |
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dogbert10
Doesn't have much of a life
Joined: Thu Apr 23, 2009 8:23 pm
Posts: 638
Location: 3959 miles from the centre of the Earth - give or take a bit
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Seems we've been mugged: http://www.dailymail.co.uk/news/article ... rrer=yahooPotential £5 billion bill if it all goes pear-shaped.
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i7 860 @ 3.5GHz, GTX275, 4GB DDR3
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| Mon May 10, 2010 9:43 am |
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Amnesia10
Legend
Joined: Fri Apr 24, 2009 2:02 am
Posts: 29240
Location: Guantanamo Bay (thanks bobbdobbs)
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Why worry? We have already mugged Iceland for that amount.  _________________Do concentrate, 007... "You are gifted. Mine is bordering on seven seconds." https://www.dropbox.com/referrals/NTg5MzczNTkhttp://astore.amazon.co.uk/wwwx404couk-21
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| Mon May 10, 2010 10:16 am |
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gavomatic57
Doesn't have much of a life
Joined: Thu Apr 23, 2009 8:30 pm
Posts: 1757
Location: Cardiff, Wales
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No, Tories will do that on their own by pulling the rug out from under the recovery. A good proportion of the public sector signing onto the dole queue, not procuring goods & services from the private sector, general instability and negativity in the market. A potential increase in VAT hurting consumer spending etc etc.... Hospitals turning back into slaughterhouses, schools migrating back to portacabin's etc etc If we had joined the Euro, maybe it could have been the EU bailing us out rather than us on our own.
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G.
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| Mon May 10, 2010 5:25 pm |
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MrStevenRogers
Spends far too much time on here
Joined: Fri Apr 24, 2009 9:44 pm
Posts: 4860
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+1 also watch out for credit crunch 2 it will happen very very soon …
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Hope this helps . . . Steve ...
Nothing known travels faster than light, except bad news ...
HP Pavilion 24" AiO. Ryzen7u. 32GB/1TB M2. Windows 11 Home ...
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| Mon May 10, 2010 5:40 pm |
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Amnesia10
Legend
Joined: Fri Apr 24, 2009 2:02 am
Posts: 29240
Location: Guantanamo Bay (thanks bobbdobbs)
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Yes but if we had joined the Euro we could have had a property bubble like Ireland, and look at what they are having to do to get themselves out of this mess.
_________________Do concentrate, 007... "You are gifted. Mine is bordering on seven seconds." https://www.dropbox.com/referrals/NTg5MzczNTkhttp://astore.amazon.co.uk/wwwx404couk-21
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| Mon May 10, 2010 5:54 pm |
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Linux_User
I haven't seen my friends in so long
Joined: Tue May 05, 2009 3:29 pm
Posts: 7173
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Er, we did have a property bubble!
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| Mon May 10, 2010 9:42 pm |
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pcernie
Legend
Joined: Sun Apr 26, 2009 12:30 pm
Posts: 45931
Location: Belfast
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I was gonna say you wouldn't believe how much Ireland depends on the building trade, but then you might  _________________Plain English advice on everything money, purchase and service related:
http://www.moneysavingexpert.com/
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| Mon May 10, 2010 9:51 pm |
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Amnesia10
Legend
Joined: Fri Apr 24, 2009 2:02 am
Posts: 29240
Location: Guantanamo Bay (thanks bobbdobbs)
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Yes but the Irish property bubble was really out of control compared to here. The losses have been considerably higher than here. We still have a way to fall, just a matter of when. Nationwide are predicting a 10% increase this year! How most people will be lucky if they get a pay increase that beats inflation. Many will have pay cuts to deal with. _________________Do concentrate, 007... "You are gifted. Mine is bordering on seven seconds." https://www.dropbox.com/referrals/NTg5MzczNTkhttp://astore.amazon.co.uk/wwwx404couk-21
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| Mon May 10, 2010 11:40 pm |
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