Logan Posted August 10, 2008 Share Posted August 10, 2008 The Euro and the concequences of currency union within the EU has been discussed on this forum from time to time. The global slowdown is at last proving to the world how weak the idea actually is.http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/08/08/cneuro108.xmlThe ECB really is the old Bundersbank and only moves when Germany becomes effected. In my view there needs to be a clear out of the old guard who control the ECB and the economic future of Europe. At least the prospects for Sterling against the Euro seem brighter as investors move back to the Dollar. Link to comment Share on other sites More sharing options...
Polremy Posted August 10, 2008 Share Posted August 10, 2008 I thought this was going to be about cricket. Link to comment Share on other sites More sharing options...
Richard-R Posted August 10, 2008 Share Posted August 10, 2008 Ditto Link to comment Share on other sites More sharing options...
krusty Posted August 10, 2008 Share Posted August 10, 2008 and I thought it would be about circuit breakers [8-)] Link to comment Share on other sites More sharing options...
The Riff-Raff Element Posted August 10, 2008 Share Posted August 10, 2008 The dollar gains a few cents and that is indicative of a crisis of confidence in the Eurozone? No, people started buying the dollar because:- The oil price slipped a bit and the US is overly exposed to this;- A small war broke out in part of Georgia and the greenback is always popular in times of conflict;- It is becoming incraesingly clear, in the opinion of some - curiously unquoted in that article - that inflationary pressures in the Eurozone are weakening and a rate cut is consequently more likely.The ECB have - in comparison to the wild flapping about of the Fed and the rabbit-caught-in-the-headlights look of the BoE - been a model of sobriety and consistancy. A few weeks ago some commentators were predicting the end of the Euro because of its excessively high value against other currencies. It weakens a bit and the same mob wade in again saying it is going to the wall. The Eurozone could flow with milk & honey and they'd still drone on about the forthcoming collapse. And why? Because they hate it.The Eurozone would benefit considerably from a strengthening of the Dollar. Why should we worry when it starts to do just that? Link to comment Share on other sites More sharing options...
Logan Posted August 11, 2008 Author Share Posted August 11, 2008 "Not just a blip but the start of a trend"?http://business.timesonline.co.uk/tol/business/economics/article4500068.ece Link to comment Share on other sites More sharing options...
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