Funds Insider - Opening the door to funds

Welcome to the Citywire Funds Insider Forums, where members share investment ideas and discuss everything to do with their money.

You'll need to log in or set up an account to start new discussions or reply to existing ones. See you inside!

Notification

Icon
Error

Euro break up - good for Britain?
Graham Barlow
Posted: 06 December 2011 11:36:30(UTC)
#11

Joined: 09/03/2009(UTC)
Posts: 203

I am pleased that you are getting something out of this mess. We are not ,if it were stable ,life would be different, but not necessarily better for Britain. The pressure here is building for a referendum on Britain's future relationship with Europe. They the Europeans only have themselves to blame for the outcome. Greed, neglect, national insensitivity, and literally an avalanche of useless, costly legislation which has resulted in grinding Europe.s commerce to the point of being totally uncompetetive. If you took the time to go to Brussells you would witness the Bear Garden of a Parliament with laws going through as though they were making cars at Fords. It is a bewildering farce. Even the participants will agree with this out of earshot. Most are afraid to speak up for fear of ridicule.from the inner Pollit Bureau. It is a sham on the Tax Payers of Europe. I went ,as a guest for a week and came back a complete and utter sceptic, and I trust in my own judgement , Nothing I have seen since coming out of Europe has done anything to change this only reinforce my views. Britain is in the wrong place with them , all they want is what they can extract out of Britain.They fear a Referendum here like the Plague believe me.
George10
Posted: 06 December 2011 12:11:14(UTC)
#12

Joined: 18/11/2010(UTC)
Posts: 2

If the euro currency falls, as if something happens to the US dollar, Britain can't be considered as safe.
I do believe is saf-ER than Europe right now, however the Euro break up should not be wishable by any country, China included.
It would cause sudden disruption and devaluation, hence temporarily eliminating big players from the world trade game.
Certainly Britain will rebound quickly, but not prosper.
Phil Leonard
Posted: 06 December 2011 14:03:02(UTC)
#13

Joined: 06/12/2011(UTC)
Posts: 1

Call me a cynic but if the truth be known and the various Member populations were asked, there is only a 'political' enthusiasm for the Euro and the EU to continue as its a good well paid retirement home for overpaid senior politicians and civil servants to waste Billions every year and create more chaos in all aspects of life.

There is of course the financial implosion that might occur should the Euro fail, but in reality if it's saved its only delaying the inevitable for another day. Do the Banks and politicians really believe that the money they are owed will ever get paid back - not a chance in a million. The sooner we have an acceptance and an orderly dismantling of the Euro and the EU so that each Country can take control of its own destiny without affecting other Countires, the better. Then if Greece wants to continue on its self destructive path let it - apart from the PIGS, France will be next. These Countries will still continue to trade with us without the EU as they have always done.
George10
Posted: 06 December 2011 14:17:40(UTC)
#14

Joined: 18/11/2010(UTC)
Posts: 2

Phil,
Do you realize that by the moment the Euro is announced as no more in existence it will collapse by at least 50% towards USD and GBP, making in fact Europe in an impossible position to trade with and causing global disruption and wealth redistribution. Whoever in Europe is net importer will see only terrible times ahead and a never seen before inflation.
normski
Posted: 06 December 2011 16:09:26(UTC)
#15

Joined: 29/03/2010(UTC)
Posts: 42

Of course china and the U.S. prefers to deal with one currency for Europe rather than a dozen or so. Its easier for them to dump stuff on us. They are not bothered about our democracy. If it would cause so much disruption to break it up then why wsa there not so much when formed or are we at the formation stage now and realise that it is not going to work ?
2 PagesPrevious page12
+ Reply to discussion

Markets

Other markets