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Where you in favour of joining the Euro when it started (in 1999?)?
Where you in favour of joining the Euro when it started (in 1999?)?
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Replies: 47
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Out side of the Euro, they would have no more control over their economy that a cork floating in an ocean.
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from Lusitano:
we are already making sacrifices and losing quality of living but no term as been given to us, but worse... no clear objective, so, for what I currently know it could be for decades or forever I'm sure it is - the excesses my generation has enjoyed are over - gone - finished - NEVER to return. Mr+Mrs.Smith are going to have to get used to the idea that their value is not (never really was) what they thought and their ambitions need serious downgrading for ever. The best those who have been fortunate in recent decades can do - is the best we can achieve for our immediate descendents. For decades I've watched average people in average jobs buying houses and vehicles and holidays and luxuries they really coudn't afford with money they really didn't have. That's all GONE for GOOD. I don't just blame the bonkers and woolyticians, Joe public has been willfully party to his own demise. |
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I don't think it has gone for good, Ivor. The only reason for deliberately and cheerfully running an inflation rate of 5% alongside interest rates of 0.5% is to maintain ludicrously high property prices and keep this lifestyle going.
There's still a hell of a lot of money out there in savings accounts and pension funds which Mervyn King and David Cameron are busily stealing and transferring to the indebted, the penniless and the feckless (or hard-working homeowners, as we call them these days). |
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The chinese will step in to save the Euro if needed, they would not move a finger for the Sterling. Therefore we are probably in a worse position outside than inside.
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Like your better off with a first-aider and heart compression than no heart-attack at all?
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especially if the former can cause you a heart attack, yes
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why would sterling need "saving" though? We control interest rates ourselves don't we?
don't see your point magic, the whole reason the euro is in a position that it needs saving is that it has lots of different countries using it with different debts and public spending and what not. That's my understanding. Greeks would love it to depreciate but they can't make it, here in the uk we've been able to depreciate sterling. and how do we know the chinese would save it anyway? |
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Great stuff.....yep
...enjoy it.  |