just john Posted May 14, 2012 Share Posted May 14, 2012 Facing-grexit they said it couldn't happen, now they mention civil war in the same breath, or is it just a scam to oblige the markets to bail-out the €uro indefinitely . . . ?£ exchange €1.255 and rising - with the market falling Link to comment Share on other sites More sharing options...
baypond Posted May 14, 2012 Share Posted May 14, 2012 Grexit should happen when Greece reaches the inflexion point when the population determines that the cost of staying in the EURO equals the cost of coming out. As the population as a whole can not determine that point easily, it will most likely happen before then. Maybe after new elections on 17th June. Link to comment Share on other sites More sharing options...
just john Posted May 15, 2012 Author Share Posted May 15, 2012 I feel like .telegraph. /Matt's/ cartoon in the DT today, if only I knew which would cost us least . . . .'Do you want to pay the Greeks to stay in the euro, or pay them to leave'my guess is that either way, this will not be the end of this damn euro matter Link to comment Share on other sites More sharing options...
Jako Posted May 16, 2012 Share Posted May 16, 2012 As stated many times: whatever happens to Greece is completely irrelevant for the Eurozone: a drop in the Ocean. Hyped by UK and US media to divert attention from the real problems: the UK and the US. The Eurozone is working hard to solve the problems, the UK and US have only kicked the can down the road with massive money printing. At least the US admits to this fact and will start to cut spending after the elections in November.The UK however is pretending to impose 'austerity'. There is no austerity when you spend 8% more than you earn and create 35% of your total (official) debt out of thin air. The biggest problem of the UK is that its population is in compete denial which makes it impossible to do what should be done. Link to comment Share on other sites More sharing options...
just john Posted May 16, 2012 Author Share Posted May 16, 2012 I see where you're coming from, presumably that's why so many pundits are divided as to whether the outcome of Greece and its people will affect other members and why some investors are switching to the pound, ? Link to comment Share on other sites More sharing options...
Jako Posted May 17, 2012 Share Posted May 17, 2012 It proves that propaganda works. The pound is a save haven, like Pearl Harbor on December 6 1941. Link to comment Share on other sites More sharing options...
Sprogster Posted May 17, 2012 Share Posted May 17, 2012 The pound is still well below its previous levels in 2007/08 and its recent recovery is not solely down to the Euro crisis, but the suspension of quantative easing, influx of foreign investors tied to UK M&A activity and recent surprising reduction in UK unemployment. According to most City currency analysts the euro/£ fair value comparison exchange rate is 1.30 to 1.35, so the £ is still undervalued and is likely to strengthen a bit further in due course. Link to comment Share on other sites More sharing options...
NickP Posted May 17, 2012 Share Posted May 17, 2012 [quote user="Jako"]It proves that propaganda works. The pound is a save haven, like Pearl Harbor on December 6 1941. [/quote]But that got paid back with negative interest didn't it? [Www] Link to comment Share on other sites More sharing options...
just john Posted May 17, 2012 Author Share Posted May 17, 2012 [quote user="Jako"]It proves that propaganda works. The pound is a save haven, like Pearl Harbor on December 6 1941. [/quote] Let me see if I've understood this correctly, the future of a new unstable intellectual currency (like the €uro) is stronger than established world currencies (like the $ or the £) ? Link to comment Share on other sites More sharing options...
Daft Doctor Posted May 18, 2012 Share Posted May 18, 2012 That comes from the same Jako that said the euro would be worth 2 quid within a couple of years and that the entire currency markets were choosing to overlook straightforward publically available information on sovereign debt in favour of artificially protecting the £ and the $. Good job he's not picking my Lotto numbers! Link to comment Share on other sites More sharing options...
Jako Posted May 18, 2012 Share Posted May 18, 2012 You cry victory way too soon, just a couple of months have passed, not years. The pound is doomed, give it time and meanwhile read the latest independent analyses here . Link to comment Share on other sites More sharing options...
Daft Doctor Posted May 18, 2012 Share Posted May 18, 2012 Don't mean to be picky and I only intend some light hearted banter, but I think you'll find it was 10th January 2011 (16 months ago) that you made the £ = 50 euro cents in the long run statement. At the same time you said 'the chance of euro break-up is virtually nil', brave statements indeed...... Link to comment Share on other sites More sharing options...
just john Posted May 24, 2012 Author Share Posted May 24, 2012 Bumpy landing coming up according to Citibank . . .''Greece will likely leave the euro zone on Jan. 1 2013 and its new currency will immediately fall by 60% against the euro, unleashing a massive yet manageable wave of contagion across Europe, Citigroup said ''http://online.wsj.com/article/BT-CO-20120524-704903.html Link to comment Share on other sites More sharing options...
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