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  1. #1
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    Germany to ditch Euro?

    Express.co.uk - Home of the Daily and Sunday Express | UK News :: Germany Marks its territory

    GERMANY is rumoured to be printing Deutschemark banknotes again in preparation for ditching the euro and distancing itself from Greece and the other ailing states that started the sovereign debt crisis.
    I think it's unlikely to be true but it's an interesting thought.
    I can't see the Euro surviving if they did leave.
    Do you think they can or would cut and run?
    Be happy dudes. It's a lot more fun than crying.

  2. #2
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    I don't think they can, besides it was Germany and France that initially pushed hard for the Euro, fook them, stand up to their responsibilities.


    PS - I just noticed that you are one post off 1K mark, better make the next one a goodie!

  3. #3
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    Sarko has privately threaten to leave the EURO

    probably all hot air as usual from him,

  4. #4
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    Just think for one minute what it means for a country to switch currency.

    This is not going to happen.

    Anyway the Euro was too high compared to the US$. It's kind of ironic all the noise made around the Yuan when the country that's playing unfair with its currency is the US
    The things we regret most is the things we didn't do

  5. #5
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    It would be funny.

  6. #6
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    Germany will make a profit out of this debt crisis.
    Why would they want to leave?

  7. #7
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    Quote Originally Posted by Sir Wilson View Post
    I don't think they can, besides it was Germany and France that initially pushed hard for the Euro, fook them, stand up to their responsibilities.


    PS - I just noticed that you are one post off 1K mark, better make the next one a goodie!
    If they left the euro would go into free fall and the German people would be even more up in arms or the banks would be.

  8. #8
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    It's a news item in the Daily Express, a newspaper (I use that term most loosely) only slightly above the The Sun in terms of total dross, the one difference being it doesn't have pictures of women with their tits out (although it does have plenty of tits, they write for it).
    "Slavery is the daughter of darkness; an ignorant people is the blind instrument of its own destruction; ambition and intrigue take advantage of the credulity and inexperience of men who have no political, economic or civil knowledge. They mistake pure illusion for reality, license for freedom, treason for patriotism, vengeance for justice."-Simón Bolívar

  9. #9
    The Dentist English Noodles's Avatar
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    ^Tit twas tweeted on twitter though too.

  10. #10
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    Quote Originally Posted by sccrhound
    If they left the euro would go into free fall and the German people would be even more up in arms
    Third time lucky.

  11. #11
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    Perhaps Britain might leave the pound and start using a valuable currency, like the Baht perhaps?

  12. #12
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    Quote Originally Posted by English Noodles View Post
    ^Tit twas tweeted on twitter though too.
    It's true!

    totaltruth[at]tweetdeck: Noodles confirmed as huge Tit

  13. #13
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    Exactly Perota: "It's kind of ironic ... when the country that's playing unfair with its currency is the US." It is time to drop the US dollar off its arrogant pedestal.
    Yes there are significant ramifications, but the cost is likely to be less than that whereby everyone drops their own to move to the 'safe haven'. An international collection of reasonably stable currencies has been talked of, and needs to be studied further and implemented; the sooner the better. The US plays us all for fools as it screws around in all it does. There...that feels better....
    My inner cynic is always on alert ….

  14. #14
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    Quote Originally Posted by ataloss View Post
    Exactly Perota: "It's kind of ironic ... when the country that's playing unfair with its currency is the US." It is time to drop the US dollar off its arrogant pedestal.
    Yes there are significant ramifications, but the cost is likely to be less than that whereby everyone drops their own to move to the 'safe haven'. An international collection of reasonably stable currencies has been talked of, and needs to be studied further and implemented; the sooner the better. The US plays us all for fools as it screws around in all it does. There...that feels better....

    What exactly is the US doing with it's currency that is so arrogant? The Federal Reserve changes interest rates to maintain a stable inflation rate but other than that I can not think of any manipulating.

    Strong currency has it's problems as does weak currency. All the pensioners in Thailand are worried about the weakening pound and euro. I'm sure if they were working as exporters back home it wouldn't be as big a concern.

  15. #15
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    The US and Bernanke is behind an attack on the Euro to destabilize the only threat to the US dollar as the trading currency, go 6 months and a bit more back in time the Chinese and the Russians + several other countries began to diversify their investments and started to pull back from the US bonds towards the Euro (and other investments), several of the Country's went public with their doubts about the Dollar since the US was (and still is) in effect, technically bankrupt if the bondholders asks for their money back, and the outlook for the US economy is bleak.

    Suddenly in the space of 2 months or so the Greek situation was headline news although the Greek GDP is less than 3 % of the Euro countries combined, ie not enough at-all to topple the Euro by a long shot, the Greek situation was known well before that point, its not like the Greek economy changed overnight, but then it was suddenly made a major issue on the financial markets, then came the PIGS states and one bad rumor after the other hits the news almost daily, although several states in the US (Californias economy is 13% of the US GDP) are much worse of than those PIGS states in the Eurozone, that is kept almost quiet and have seemingly no ill effect on the US Dollar, since the successful and much louder campaign against the Euro, backed by huge speculators seeing a chance in making big money with the economic and influential might of the US behind their efforts in destabilizing the Euro, have made investors flee back to the Greenback bonds.

    Now you can say to yourself that the whole Euro Zone economy haven't gone so bad in just two three months!!, so a currency considered a better bet than the US Dollar in November 2009, was a catastrophe waiting to happen according to financial media and rumors in February 2010, and is now predicted it's eminent demise in the twitters and the Mail.

    Come on people it is bullshit, Germany have no intentions of leaving the Euro it is simply not possible, and the Eurozone collectively together with the Countries that have tied their currency to the Euro is plenty strong enough to get through this crisis, they are fighting back and it seems like the rescue fund and Germanys ban on short trading (which will likely spread to more Euro Countries) have stabilized the Euro for now.

    This latest horror news with Spanish Banks, incredibly by some called the collapse of the Spanish banking system, designed to destabilize the Euro once again, is a good case in point, it's one big Bank the Caja Sur, it has been taken over by the Government, and a little group of small Spanish Banks that have merged, calling it the collapse of the Spanish banking system is a huge unfounded exaggeration.

    I ask you how many American Banks and major financial institutions had to be saved by the Government, and how many have gone down and are continuing to go down as we speak, without the same negative impact on the view of the Dollar, and without the same worldwide financial doomsday press.

    Link-
    Last edited by larvidchr; 28-05-2010 at 03:30 PM.

  16. #16
    I don't know barbaro's Avatar
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    ^ Good points to follow, Larv.

    A lot is at stake for the US and the US dollar.

  17. #17
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    I would never trust the American government ,this is probably true Larv.

  18. #18
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    BBC News - In graphics: Eurozone in crisis



    "One of the main causes of the currency crisis in the eurozone is that virtually all countries involved have breached their own self-imposed rules.
    Under the convergence criteria adopted as part of economic and monetary union, government debt must not exceed 60% of GDP at the end of the fiscal year. Likewise, the annual government deficit must not exceed 3% of GDP. However, as the maps show, only two of the 16 eurozone countries - Luxembourg and Finland - have managed to stick to both rules.
    Overall, Greece is the worst offender, with debt at 115.1% of GDP and a deficit of 13.6% of GDP. But among the bigger economies, Italy's debt is even higher than Greece's as a percentage of GDP, while Spain's deficit is 11.2% of GDP. If the UK were in the eurozone, it would also fall foul of the criteria, with its debt now standing at 68.1% of GDP and its deficit at 11.5% of GDP."

  19. #19
    Hansum Man! panama hat's Avatar
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    Quote Originally Posted by good2bhappy
    Germany will make a profit out of this debt crisis.
    I can't see how, mate

    Quote Originally Posted by larvidchr
    Germanys ban on short trading (which will likely spread to more Euro Countries) have stabilized the Euro for now.
    It makes sense. Trading houses have far too much power, not only in terms of handling huge assets, but also in swaying policy through forecasts and innuendo

    Quote Originally Posted by larvidchr
    I ask you how many American Banks and major financial institutions had to be saved by the Government, and how many have gone down and are continuing to go down as we speak, without the same negative impact on the view of the Dollar, and without the same worldwide financial doomsday press
    Well said

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