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More money to prop up the Euro
http://www.x404.co.uk/forum/viewtopic.php?f=19&t=8141		 Page 1 of 2
Author:  dogbert10 [ Sun May 09, 2010 12:54 pm ]
Post subject:  More money to prop up the Euro
http://www.telegraph.co.uk/finance/fina ... -deal.html


:evil:
Author:  Amnesia10 [ Sun May 09, 2010 3:04 pm ]
Post subject:  Re: More money to prop up the Euro
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.
Author:  adidan [ Sun May 09, 2010 4:32 pm ]
Post subject:  Re: More money to prop up the Euro
AFAIk it's being reported today that we won't be propping up the euro.
Author:  Linux_User [ Sun May 09, 2010 6:22 pm ]
Post subject:  Re: More money to prop up the Euro
adidan wrote:
AFAIk it's being reported today that we won't be propping up the euro.


I hope that decision doesn't come back to bite us in the arse.
Author:  Amnesia10 [ Sun May 09, 2010 7:02 pm ]
Post subject:  Re: More money to prop up the Euro
It will make holidays in Europe cheaper if the Euro falls against the pound, but it will make our exports more expensive.
Author:  Linux_User [ Sun May 09, 2010 7:03 pm ]
Post subject:  Re: More money to prop up the Euro
Amnesia10 wrote:
It will make holidays in Europe cheaper if the Euro falls against the pound, but it will make our exports more expensive.


Bugger that, I'm worried about the Eurozone dragging the UK kicking and screaming back into recession.
Author:  Amnesia10 [ Sun May 09, 2010 7:28 pm ]
Post subject:  Re: More money to prop up the Euro
Linux_User wrote:
Amnesia10 wrote:
It will make holidays in Europe cheaper if the Euro falls against the pound, but it will make our exports more expensive.


Bugger that, I'm worried about the Eurozone dragging the UK kicking and screaming back into recession.

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.
Author:  dogbert10 [ Mon May 10, 2010 9:43 am ]
Post subject:  Re: More money to prop up the Euro
Seems we've been mugged:

http://www.dailymail.co.uk/news/article ... rrer=yahoo

Potential £5 billion bill if it all goes pear-shaped.
Author:  Amnesia10 [ Mon May 10, 2010 10:16 am ]
Post subject:  Re: More money to prop up the Euro
dogbert10 wrote:
Seems we've been mugged:

http://www.dailymail.co.uk/news/article ... rrer=yahoo

Potential £5 billion bill if it all goes pear-shaped.

Why worry? We have already mugged Iceland for that amount. :D
Author:  gavomatic57 [ Mon May 10, 2010 5:25 pm ]
Post subject:  Re: More money to prop up the Euro
Linux_User wrote:
Amnesia10 wrote:
It will make holidays in Europe cheaper if the Euro falls against the pound, but it will make our exports more expensive.


Bugger that, I'm worried about the Eurozone dragging the UK kicking and screaming back into recession.


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.
Author:  MrStevenRogers [ Mon May 10, 2010 5:40 pm ]
Post subject:  Re: More money to prop up the Euro
gavomatic57 wrote:
Linux_User wrote:
Amnesia10 wrote:
It will make holidays in Europe cheaper if the Euro falls against the pound, but it will make our exports more expensive.


Bugger that, I'm worried about the Eurozone dragging the UK kicking and screaming back into recession.


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.


+1
also watch out for credit crunch 2 it will happen very very soon …
Author:  Amnesia10 [ Mon May 10, 2010 5:54 pm ]
Post subject:  Re: More money to prop up the Euro
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.
Author:  Linux_User [ Mon May 10, 2010 9:42 pm ]
Post subject:  Re: More money to prop up the Euro
Amnesia10 wrote:
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.


Er, we did have a property bubble!
Author:  pcernie [ Mon May 10, 2010 9:51 pm ]
Post subject:  Re: More money to prop up the Euro
Linux_User wrote:
Amnesia10 wrote:
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.


Er, we did have a property bubble!


I was gonna say you wouldn't believe how much Ireland depends on the building trade, but then you might :lol:
Author:  Amnesia10 [ Mon May 10, 2010 11:40 pm ]
Post subject:  Re: More money to prop up the Euro
Linux_User wrote:
Amnesia10 wrote:
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.


Er, we did have a property bubble!

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.
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