European bank says Eurozone is 'unsustainable'

www.dailymail.co.uk/news/article-2152828...-banking-chiefs.html

I'm here in the south of Spain,and yes it is a mess!

Spain should never have been in the Euro.Have the other countries in the world got the money,or desire for these constant bailouts of countries who were never suited for this silly PC experiment in the first place?

Locked Out wrote:
Yes, it's a hideous mess for sure, and one which makes one rejoice to be in a land whose own currency is such a remarkable powerhouse. Isn't our own dear Pound - as the proud standard-bearer of our own dear country - a beacon of hope? Such strength and vigour.

I look forward to the days of our resurgent Empire.

Now... if we just repatriate all the Wops, Dagos, Polaks, Slavs {we shouldn't forget those stinking, oily Greckos either, should we?} and the rest of the untermensch who infest our shores and cities {along with "the PC Brigade", who have the nasty habit of objecting to anything that the rest of us find fun}, and wave our little Union Jacks a bit we can get back to kicking the rest of Europe around just like we did in the good old days.

And that 40-odd percent of exports that currently get wasted on the "silly PC experiment" that is Europe? Simple. The answer, of course, is open up new markets in China. Or rather re-open old markets in China. If we can get all those Chinks back on the Opium we don't need to worry about them actually producing anything themselves, plus it'll be a nice little earner. Won't it be wonderful? Also, of course, once we've got the EU disolved the former member states can revert to type, falling out among themselves like the silly children they are and having wars which we can invest in and pour our own munitions into, thus saving ourselves the trouble of having to sort the problems out for them with our own dear blood.

Brilliant.

Rule Brittania!

Sour grapes?

I rather agree with LO - I think, like blaming Murdoch for the state of society in Britain, slagging off the Euro detracts attention from the real problem and real solution.

I come from the position that we should be in the Euro, should always have been in the Euro and should join it and help it.

JK2006 wrote:
I rather agree with LO - I think, like blaming Murdoch for the state of society in Britain, slagging off the Euro detracts attention from the real problem and real solution.

I come from the position that we should be in the Euro, should always have been in the Euro and should join it and help it.

You can also pay for it

Gentleman,besides you two,I don't know a single commentator who would recommend joining it...do you both know something the rest of us don't?

No I never hear or read anything supporting the Euro and everyone seems to feel, rather like LO's sarcastic post, that the pound is a damn good thing and we're all better off out of Europe altogether.

My belief in an economic Europe standing together and pooling resources seems very unfashionable.

IA in Spain wrote:


Sour grapes?

Not really. I'm not the one using expressions like "silly PC experiment".

My posting was acidic, certainly, although intended as satire.

I think that any charges of "sour grapes" are more deservedly levelled at those who are prepared to reap Europe's benefits, such as freedom of movement and residency, etc, while sneering at its institutions.

I'll reserve my right to believe in the Euro as a good and indeed noble concept if you don't mind.

JK wrote:
"No I never hear or read anything supporting the Euro"

Could this be the result of the power Murdoch has had over the british media for decades?

DJones wrote:
JK wrote:
"No I never hear or read anything supporting the Euro"

Could this be the result of the power Murdoch has had over the british media for decades?

Or could it be people have eyes,and ears?
Try spending time in Spain,Ireland,Greece etc,you'll see how happy the locals really are
It's ok for detached middle classes from richer countries to decide the EU is a good idea,but it's very different when your country is bankrupt,and is having its economy dictated by Germany.
Wasn't just Murdoch who was against the euro,but given the fact the eurozone is helping to drag down the global economy he may well have been right on this one!
When your argument is based on 'the inevitable',or that we'll become some kind of racist paradise if we pull out etc is just plain dumb.The euro was decided on purely economic grounds,and it has proved how badly organized it was,and that indeed PC experiments were put in front of sensible economic ideas.
The euro could have worked had it grown from just a few countries with similar economies,slowly combining.As it was being forced through to suit a 'united europe' agenda has meant the end,,none of the public anywhere want the euro,the average Spaniard/French/German etc I meet out here has lost his appetite,elections may well change the whole ideas we have taken for granted.

IA leaving Spain wrote:
...and that indeed PC experiments were put in front of sensible economic ideas...[/quote]

We keep on hearing this charge of the Euro as being some kind of "PC experiment". I see nothing "PC" about it, but it's notable that the sort of people who have been moaning about the Euro from day one are exactly the same sort of people who tend to blame "PC" for just about every ill they care to conceive of. If they are challenged for using words like "Wog" and "Pakki" they start yelling about "PC gone mad". And those whose thinking in any way transcends their utterly narrow view of the world and its workings get labeled "The PC Brigade". I would personally machine gun these people tomorrow, fascist that I sometimes am. They're the same sort of people who found decimalization here "confusing" and "complicated" and "couldn't understand this new money". Time has shown that the world constantly needs new markets and new trading blocs. It doesn't take a genius to work out that the economic superpower that was the USA {before the Lehman Brothers debacle} could only be challenged here in Europe by a similar confederation of States and it made sense that all those States should all speak the same language currency-wise. It still makes sense now.
It seems faintly ridiculous that this late in the game this simple concept should have to be explained to anyone. Yet, very clearly, the same dunderheaded "nation-of-shopkeepers" little Englanders to whom I was referring a moment ago find this concept too revolutionary to cope with. Hardly surprising, then, that this country is stuck, hidebound, in a backward-looking foxhole of its own making, a land in which evocation of a long-lost Empire still seems the only thing to stir the blood of every good Englishman and true, yet fails to deliver anything beyond lacklustre performance. A land which is doomed to remain for the foreseeable future as an economic backwater, clogging up every day, week, month and year with yet more publicly planted and sponsored economic and cultural knotweed. You may have noticed I'm passionate about this. I see nothing wrong with that, and note that there seems very little passion coming from the other side of the argument, just the same tired old "PC" charges, bereft of inspiration or even alternative beyond reverting to what went before {and we all know where that led}. You may think I'm simply knocking this country {and how utterly sick I am of anyone criticizing the status quo being accused of "talking down" the economy}. Not so. I long for the days when we were the workshop of the world. Once upon a time we could - and did - make anything and everything. I'd love it if we could rekindle even half of that old spark. Much is being made this weekend of the Diamond Jubilee, and in another couple of years Elizabeth II will have out-reigned Victoria. Going on what the two Queens presided over in economic terms, Elizabeth should perhaps reflect on the failings of her tenure {for grave they have been} as well as the successes {and there have been far, far too few}. I can be patriotic too, but not for a country which has done so little to earn my respect and so much to encourage my contempt.

And while we're about it, in what was is the Euro "politically correct"? How can a currency be "politically correct"?

Locked Out, U nailed it dude. LOL.

Yes LO; you see I reckon the thinking behind the Euro is dead right; the failures have simply been bad politicians in different regions.

We should be in the Euro, helping it. Are the Germans THAT much better than us? These days, they would win the war.

JK2006 wrote:
Yes LO; you see I reckon the thinking behind the Euro is dead right; the failures have simply been bad politicians in different regions.

We should be in the Euro, helping it. Are the Germans THAT much better than us? These days, they would win the war.

My friend told me about this thread.I can guarantee the English were very sensible to stay out.You will be asking for tickets on the titanic next!

I was forgetting to put this link into my post.
Cyprus now needs money.Perhaps Mr King should tell his fellow englanders who he would give money to next if he was in power?

www.bbc.co.uk/news/business-18318252

I seem to remember we, the tax payer, had to bail out UK banks a while ago.
It's not the Euro that's the problem, it's politicians, bankers, corporations, human beings, society...

I think the problem with the Euro comes with having a central economic unit without central fiscal policy. So you see I not only advocate joining the Euro but having a united European fiscal policy with it.

I qualify this by admitting I know absolutely nothing about finances (except I've never been in the red in my life) but I do have a great deal of common sense and to me a United Europe makes a huge amount of sense = politically, economically, socially.

I've been a victim of the British Judicial system and have to tell you - despite the veneer of good manners, polite behaviour and silly wigs, it is a total disaster, as bad as any in the world. Totalitarian regimes may kill you but the UK locks innocent people up forever. Likewise, our government may appear decent, well mannered and brought up proper but I'd prefer government by the very best minds Europe can offer any day.

Locked Out wrote:
IA leaving Spain wrote:
...and that indeed PC experiments were put in front of sensible economic ideas...

We keep on hearing this charge of the Euro as being some kind of "PC experiment". I see nothing "PC" about it, but it's notable that the sort of people who have been moaning about the Euro from day one are exactly the same sort of people who tend to blame "PC" for just about every ill they care to conceive of. If they are challenged for using words like "Wog" and "Pakki" they start yelling about "PC gone mad". And those whose thinking in any way transcends their utterly narrow view of the world and its workings get labeled "The PC Brigade". I would personally machine gun these people tomorrow, fascist that I sometimes am. They're the same sort of people who found decimalization here "confusing" and "complicated" and "couldn't understand this new money". Time has shown that the world constantly needs new markets and new trading blocs. It doesn't take a genius to work out that the economic superpower that was the USA {before the Lehman Brothers debacle} could only be challenged here in Europe by a similar confederation of States and it made sense that all those States should all speak the same language currency-wise. It still makes sense now.
It seems faintly ridiculous that this late in the game this simple concept should have to be explained to anyone. Yet, very clearly, the same dunderheaded "nation-of-shopkeepers" little Englanders to whom I was referring a moment ago find this concept too revolutionary to cope with. Hardly surprising, then, that this country is stuck, hidebound, in a backward-looking foxhole of its own making, a land in which evocation of a long-lost Empire still seems the only thing to stir the blood of every good Englishman and true, yet fails to deliver anything beyond lacklustre performance. A land which is doomed to remain for the foreseeable future as an economic backwater, clogging up every day, week, month and year with yet more publicly planted and sponsored economic and cultural knotweed. You may have noticed I'm passionate about this. I see nothing wrong with that, and note that there seems very little passion coming from the other side of the argument, just the same tired old "PC" charges, bereft of inspiration or even alternative beyond reverting to what went before {and we all know where that led}. You may think I'm simply knocking this country {and how utterly sick I am of anyone criticizing the status quo being accused of "talking down" the economy}. Not so. I long for the days when we were the workshop of the world. Once upon a time we could - and did - make anything and everything. I'd love it if we could rekindle even half of that old spark. Much is being made this weekend of the Diamond Jubilee, and in another couple of years Elizabeth II will have out-reigned Victoria. Going on what the two Queens presided over in economic terms, Elizabeth should perhaps reflect on the failings of her tenure {for grave they have been} as well as the successes {and there have been far, far too few}. I can be patriotic too, but not for a country which has done so little to earn my respect and so much to encourage my contempt.

And while we're about it, in what was is the Euro "politically correct"? How can a currency be "politically correct"?[/quote]

You certainly talk some crap! Just because you supported the wrong side you have to get nasty at those who got it right.

Locked Out wrote:
IA leaving Spain wrote:
...and that indeed PC experiments were put in front of sensible economic ideas...

We keep on hearing this charge of the Euro as being some kind of "PC experiment". I see nothing "PC" about it, but it's notable that the sort of people who have been moaning about the Euro from day one are exactly the same sort of people who tend to blame "PC" for just about every ill they care to conceive of. If they are challenged for using words like "Wog" and "Pakki" they start yelling about "PC gone mad". And those whose thinking in any way transcends their utterly narrow view of the world and its workings get labeled "The PC Brigade". I would personally machine gun these people tomorrow, fascist that I sometimes am.

And while we're about it, in what was is the Euro "politically correct"? How can a currency be "politically correct"?[/quote]

It's pc because it's a project that is idealistic and out of touch with human reality and that was designed to serve the self-interests of a liberal progressive metropolitan elite, and that was more or less forced upon the mass of downtrodden people who it chiefly affects, and many of whose lives it has and will destroy. It's PC because its introduction was based upon quasi-religious liberal notions concerning the maleability of human beings and the belief that the state can force wildly varied collections of people and cultures to be the same and act the same, all from the directions of a bureauocrat's office.

A currency can be politically correct just as a stack of bricks and cement (a wall with the words 'paki' sprayed upon it) can be politically incorrect or racist.

Personally I think calling your opponents names is preferable to machine gunning them, but then I'm not a liberal progressive.

DNG wrote:
[quote]Locked Out wrote:


You certainly talk some crap! Just because you supported the wrong side you have to get nasty at those who got it right.

See? No passion, no inspiration, no alternative. Just one extremely dull line.

And you're wrong. My postion isn't "supported" because I haven't stopped supporting.
And if you take the things I write as getting "nasty" your humour radar is just as lacking as your imagination. Clearly I wouldn't really machine gun anyone. Well, not at first, anyway. And if you interpret the words 'dunderheaded "nation-of-shopkeepers" little Englanders' as "nasty" I can only apologise for upsetting your hypersensitivity. I promise you there are much worse things said on boards very like this all over the world, so perhaps you should try a little harder to get used to them.
Say "Goodnight" to the folks, Gracie.