Dr Mike
Puddephat
Online

Underground message board

  • Updated: 6th June 2011
Underground message board

An uncensored message board where you can post what you want. Discuss anything you like. The views expressed on this message board do not necessarily reflect the views of the website owner.

Authors Posts
Pud
Posts: 4706		 The Euro
Posted: 10 Nov 11 3:16 AM New
Pud This week I will be welcoming back the French franc, German mark, Belgian franc, Dutch guilder, Spanish peseta, Italian lira, Irish pound...
Doc J
Posts: 1068		 The Euro
Posted: 11 Nov 11 6:22 AM New
Doc J Punt Éireannach surely ?

I really miss it, big coins with salmon and horses on them.

You may get your wish and see the Greek Drachma again soon !
Pud
Posts: 4706		 The Euro
Posted: 11 Nov 11 6:51 AM New
Pud Punt Éireannach is probably better - thanks for correcting me!

Goodness knows where this is all going to end!

I was never a big fan of the Euro - I always thought it was politically driven rather than making good economic sense. How can so many different economies adopt a single interest rate?

During the ongoing financial crisis, the UK has been able to print money which has helped the situation up to a point, but other Euro countries have not been able to do this.

Probably, Greece needs to drop out of the Euro so it can re-value it's currency and set its own interest rate. But then what can be done with Italy? Do German tax payers really have the stomach to bail out the third biggest economy in Europe?

I don't know.
Bob
Posts: 961		 The Euro
Posted: 11 Nov 11 9:04 AM New
Bob It is bad enough going abroad with all the Germans acting like they own the place. Now, they actually will.

It will be interesting to see if German businesses will actually remain loyal or whether they will go off shore just to escape the inevitable taxes that are going to be incurred.