can the e u continue?

[barry luxton]

If Spain goes, Italy will follow then goodbye to the e u. is this the end game?

 

http://www.telegraph.co.uk/finance/financi...tal-denial.html

 

quote rats leaving a sinking ship: The equivalent of more than £55 billion was withdrawn and transported out of Spain last month – and that was before the country’s largest bank was nationalised

Edited June 3, 2012 by barry luxton

[corydoras]

Why the gloating Barry? In what way do you think a collapse of the Eurozone would aid our economy?

Edited June 4, 2012 by corydoras

[Vagabond]

rats leaving a sinking ship: The equivalent of more than £55 billion was withdrawn and transported out of Spain last month

 

 

We are a pair of rats who didn't want to be on a Spanish ship in the first place.

 

We were hijacked when our Alliance and Leicester "Cash ISAs" were taken over by Santander.

 

Have followed events in Spain more closely since then , and thought it prudent (before the £55 billion exit took place) to move our ISAs to a British bank.

 

So our cash is back, fairly close to where it started - the residual "benefit" is that we have retained the shares Santander issued to us in return for our A & L shares. So far, the return has been reasonable so we are letting them ride.

 

Of course, "The Telegraph" is The Telegraph - telling its readers what the editor thinks they want to hear, but even so, the general drift from all the sources we have is that Spain is not a place in which to entrust any large sum of money.

 

What is the Cap'n's take on this ?

Edited June 4, 2012 by Vagabond

[barry luxton]

Why the gloating Barry? In what way do you think a collapse of the Eurozone would our economy?

 

Na, contary, im sickend that the yes men cosied the uk ever tighter into the e u straight jacket of worthless pointless rules and regulation because they thought they knew what was best, the cap, a case in point, where's our rebate monies gone, the pathetic cfp, they are still fixing that one, after 30 years. It still continues with the latest vote by the Irish, telling them that if the didn't vote yes there's no e u bail out money for them. Twice they had previously voted no, to be offered sweaties to change thier mind. Na, the e u comglomerate, one set of rules for all, moves them to suit, our governments and mep's without a mandate drove us into the euro camp close enough to cause us damage when it goes tit's up or if we voted for a withdrawal from the europeon basket case and we would. Even now it continues with the threat of them imposing a tax on one thing that the u k is very good at, the city. The newest one, where the e u wants us to polish our water at an exorbitant cost, without a care of the cost. Thank goodness we didn't scrap the pound.

Edited June 4, 2012 by barry luxton

[corydoras]

Na, contary, im sickend that the yes men cosied the uk ever tighter into the e u straight jacket of worthless pointless rules and regulation because they thought they knew what was best, the cap, a case in point, where's our rebate monies gone, the pathetic cfp, they are still fixing that one, after 30 years. It still continues with the latest vote by the Irish, telling them that if the didn't vote yes there's no e u bail out money for them. Twice they had previously voted no, to be offered sweaties to change thier mind. Na, the e u comglomerate, one set of rules for all, moves them to suit, our governments and mep's without a mandate drove us into the euro camp close enough to cause us damage when it goes tit's up or if we voted for a withdrawal from the europeon basket case and we would. Even now it continues with the threat of them imposing a tax on one thing that the u k is very good at, the city. The newest one, were the e u wants us to polish our water at an exorbitant cost, without a care of the cost. Thank goodness we didn't scrap the pound.

WHy can't you respond to a simple question "In what way do you think a collapse of the Eurozone would aid our economy?" with a straightforward answer? Edited June 4, 2012 by corydoras

[Ken L]

The EU and the single currency were doomed to failure at conception.

The only workable options were all in or all out.

All in would have required a full federal government with national parliaments reduced to regional assemblies, open boarders, unified taxation, a single military and police service and a raft of other changes in addition to the creation of a single currency.

All out would have been the simple free trade area of the EEC.

What we got was neither fish nor fowl.

Greece has fallen by the wayside, the money is running from Spain and will soon do the same from Portugal, Ireland and eventually Italy.

I wouldn't be surprised to see conflict rise in the East and here we are perched off the coast running around sticking bandages on left and right from our rapidly emptying box.

We potentially have a great deal to loose but the glimmer is that the money needs a safe haven and that might just kick start British manufacturing.

[barry luxton]

WHy can't you respond to a simple question "In what way do you think a collapse of the Eurozone would aid our economy?" with a straightforward answer?

 

Didn't say it would, where did you get that one from.

[chesters1]

WHy can't you respond to a simple question "In what way do you think a collapse of the Eurozone would aid our economy?" with a straightforward answer?

 

is it the draconian sprout import duty will be abolished if germany can only tell germany what to do?

i'v seen it with my own eyes ,sprouts being dragged from their fields and sent to camps with Arbeit macht frei over the gates ! i though it was a huge pot lid with holes where the salt was added i appears i was wrong its no pressure cooker just showers

i didnt mention anything did i

Edited June 4, 2012 by chesters1

[Ken L]

i didnt mention anything did i

 

No. I think you can rest assured that it was sufficiently confusing to avoid causing offence.

[n4lly]

Why the gloating Barry? In what way do you think a collapse of the Eurozone would aid our economy?

 

 

Where's the gloating ? I dont see it ?