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Will I get more euro's for my pound or less now? Can't get my head round it.
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Replies: 24
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You'll get a cheap holiday in Greece, that's for sure.
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unfortunately with Tourist tattooed across ya, they will rob you of ya bulging pockets of Euros
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Making 600 euros per tick on the sale of our gaffs in France on a September contract. Will probably stay here but head to Provence, thank you Greece
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Smug comment, people suffering over there and you seem proud to profit from their misery.
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a tad look at me and what i have got imo
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saddo.
I do feel sorry for the poor Greek people but it only goes so far. I worked every hour possible in the UK to retire in my early 40s and paid loads of tax etc. The Greeks voted for governments that were corrupt and failed to build a structure of taxation and they were all happy to support this. For example, there is a tax for owning a pool in Greece, there 440000 pools in Greece but only 600 pay the tax, do you still feel sorry for these idiots? As ever in life the real sufferers are the very poor but the politicians have misled them. |
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Buy pounds you can't go wrong
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Now we know,
Have to agree with you. Basically, it seems the Greeks don't like paying tax but then are puzzled when their successive governments can't manage the books. OK, they have had some incompetence governments as well but.. This whole business, though, seems crazy to me who is almost 55. The new Greek PM seems to think that by winning a 'no' vote he can improve the terms of yet more loans. Wake up my old son! You haven't got a pot to p*ss in over there and if the ECB decides not to supply your banks with euros it will be a catastrophe which you have hoodwinked your voters into. Doesn't matter though because you can say 'the people had their way'. The man is a left-wing con artist and the rest of the Euro leaders saw through him almost straight away, pity his people haven't - YET. The Greeks are in NO position to dictate to anyone about how they pay back money THEY owe. They don't have a leg to stand on and I hope the EU says 'f*ck your vote, here's the same bailout deal as last week, take it or leave it'. Bottom line is, if you live beyond your means, you will crash and burn eventually. All of this is something else for people like me (how many of us are left?) to despair over. Like Now we Know, I worked hard, avoided debt wherever possible and managed my money well to retire nice and early. BUT, I cannot get any decent rate of interest anywhere and so have been forced into the stock market. Yes, done well there but am likely to suffer some serious losses now thanks to this foolish Greek vote. So, what was the point of looking after my money when I can't do anything with it now? It seems that nowadays 'doing the right thing', as we keep hearing Cameron say without telling us what the right thing is, involves running up debt to buy things you cannot afford in order to pretend to your equally stupid friends that you are one of life's winners. Bl**dy pathetic and I despair at how common sense has disappeared over the past 20 years or so. But, no doubt, many will disagree and want to tell me that life is more 'touchy feely' nowadays and that capitalist systems (the only ones that work despite their faults) should be replaced by something more 'fluffy'. And, to end, back to the Greeks. You got yourselves in this mess, so stop moaning to those (IE the rest of the EU) trying to help you out of it - not that they will be able to do so because a debt of 186 billion euros is impossible to get out from under. Rant over. |
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Its a war against the banks ...hopefully the people will win
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A war against the banks?
Once the people have 'won' such a war, if indeed they ever do, what will happen then? Greek will stay owe the other people in Europe 186 billion euros and those people will still want it back. Do you think Greece would be any different from the rest of the EU if they were the ones owed money. They would be equally keen to be repaid! |
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they have snubbed the germans , i think they might regret that !
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Wonder how many Greeks will end up moving over here.
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The Greeks unfortunately are learning that we live within a world capitalist economy. So the 2008 crash engineered by irresponsible speculators will harm ordinary people and not those who caused it.
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The Financial Compensation Scheme currently at £85,000 per account will be reduced to £75,000 per account from January 2016.
An EU wide directive sets the limit at 100,000 Euro's, the plunging value of the Euro-v-Pound means this is now worth £10,000 less than it was. Another blow to savers. |
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the bond rates of the eurozone are where the money will be made this week,ecb will have to defend them freebie time,like the rouble freebie and so on,the traders all up early doors this morning
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"It's all just pieces of paper flying away from you
Oh look out world, take a good look What comes down here You must learn this lesson fast and learn it well This ain't no upwardly mobile freeway Oh no, this is the road Said this is the road This is the road to hell" |
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The euro seems to me to be doing amazingly well through all this. Maybe it will get a lot worse but it is still better v the £ than it was a few years ago.
Many here are forgetting the real issue: the strategically important military position of Greece. The so-called "western world" cannot really afford to let a key position slip. Much of the Greek debt ( half of which has already been virtually written off by creditors) arose from buying armaments from Germany, France, and America. Along with her arch enemy, Turkey, both are members of Nato. Look how much ye boys pay into that! Finally, almost all states, and even more businesses, across the globe run on "tick". GB and Ireland have huge debts. Ye ain't seen nothing yet! Point is who are these fkn "creditors" to whom, we are told,we owe millions? What do they do with their money? How did they get it? How do they spend it? |
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If every time a market collapses the people have to bail them out then the next crash will
simply be unpayable and with interest rates at zero there is nothing anyone can do ... |
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Sean Rua- the euro is doing well through this! Strange comment. It has hit 1.43 and it is the weakest it has been for 8 years. Going up from 1.13 less than two years ago to 1.43 in an age of supposing pegging amongst significant currencies seems a lot surely especially in a time when currency pegging is more prominent and a lack of volatility the objective.A 26% shift is massive in this time period.
In answer to will it go up or down speculation from the banks is all over the place. Some banks are saying 1.35 by 2016 others saying 1.50 plus. No one really has a clear idea. In the UK it is massively effecting exports though so there is no way the government want it much higher as the import- export deficit will grow even further and export businesses will suffer. Interesting times but I would say and this is only my feeling, it won't get much higher than what we have seen already. I think the Greece problem has been factored in. |
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Traders love these markets , ups and down millions to be won and lost ...you have to have an opinion and balls, and a very big bank
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Last two sunday nights have shown that zipper. Massive initial jump to weaken the euro and then steadily come back down the day after. All hot money. Loads of volatility over the coming days and weeks with Greece as the sub plot.
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So the Greeks should pay back the money THEY owe
The last bail out for Greece was given so the private investors (millionaire Americans and others)could get all their investments back just like it was here in Ireland.The Greek people did not benefit from it and it is not their debt.I am delighted the vote was no and for once their is a political party who are trying to deliver on their pre election promises against all the odds and the bullyboy tactics of undemocratically elected bureucrats |
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paganin that's what the stocks markets are all about its money driven they don't care who suffers
see the movie Wall Street that's is about right |
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Bit more too it than that Zipper but I take your point. Currency markets certainly that at the moment.
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