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Should we let the Germans join the Pound?


Faz
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Now it's pretty clear the Euro is a dead duck, should we allow the Germans and/or the French to join a nice stable currency like the Pound?

 

Thats an amusing concept, but when the euro crashes it will more likely be a question of booting the PIIGS out of it and retaining it for the rest. tbf, I never understood why the french and germans allowed them onboard in the first place. They must have looked at the books, every economist said at its inception they couldnt hack it.

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The reason why the euro is screwed is because the Germans are in it. The weaker countries keep the euro relatively weak in comparison to where the Mark would be right now -better for german exports. Let them join the pound and we would be in the same boat as the Greeks before long.

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I'm a little disturbed by the lack of compassion being shown to people with phobias on here.

 

As MLG will tell you, phobias are involuntary states of mind - a form of mental illness in other words - so I would urge people to show some support and empathy to phobics on here rather than negatively admonish them at every opportunity.

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Guest Dark Sotonic Mills

Let them go back to the Reichsmark where you needed a wheelbarrow-full of notes just to buy a loaf of bread. That'll learn 'em.

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A few years ago I was talking to a German at JFK. He though I was American. He was telling me how the British are arrogant because they wouldn't join the Euro and wouldn't do some other stuff that Germany told them to do.............Um, OK then!....

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Thats an amusing concept, but when the euro crashes it will more likely be a question of booting the PIIGS out of it and retaining it for the rest. tbf, I never understood why the french and germans allowed them onboard in the first place. They must have looked at the books, every economist said at its inception they couldnt hack it.

ars.

your right the euro will survive with the strong productive countrys but they should never have let in the weak countrys like greece,italy , spain etc who fiddled their figures to join and im glad the uk is not in the euro because we would not be strong enough to stay in it either so we can devalue our currency whenever we need to hence the fall against the dollar and euro the last few years.

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ars.

your right the euro will survive with the strong productive countrys but they should never have let in the weak countrys like greece,italy , spain etc who fiddled their figures to join and im glad the uk is not in the euro because we would not be strong enough to stay in it either so we can devalue our currency whenever we need to hence the fall against the dollar and euro the last few years.

 

Agreed, and I always thought that the countries most desperate to jump on the euro gravy train should have been the ones whose books got most closely scrutinised. Greece has been an economic basket-case for as long as I can remember, (retirement on basically full wages at age 50 for the public sector, which is a massively higher proportion of workers than for any other developed nation,) Italy routinely just added a zero to the lira every decade or so, Spain and Ireland both needed a total rebuild they couldnt afford and guess who was going to pay......ffs, why are the germans so amazed that they are having to bail them out now to keep the currency "credible"? Shouldnt they have realised this? Its what so many economic commentators were saying at the time.

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Thats an amusing concept, but when the euro crashes it will more likely be a question of booting the PIIGS out of it and retaining it for the rest. tbf, I never understood why the french and germans allowed them onboard in the first place. They must have looked at the books, every economist said at its inception they couldnt hack it.

 

Hmmm, wrong. That would cause default amongst the whole PIIGS block. Much better that Germany and it's acolytes found a new currency - or join the Pound, but on our terms of course.

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The moral of the story is never listen to a Socialist.

 

 

We had 14 years of New Labour, and never joined the Euro, so I don't understand your jibe. I think there are just as many 'pro-Euro' MP's in both Labour and COnservative. Heseltine and Clarke would have gone on a marathon masturbating session if we had joined the Euro.

 

Personally, I am grateful we didn't. If the Euro goes, then hopefully political union will be next and we can just go back to being a 'Common Market'.

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The moral of the story is never listen to a Socialist.

 

Mitterand you mean,a total idiot, a socialist who wanted to be a king, we're still paying for his "conneries" even now, hundreds of thousands of "entreprise nationale" workers put out to grass on huge pensions at 50 or so.SNCF,EDF,GDF,PTT, Renault etc, just chucked out all the crap agitators on full pay because King François had to go cap in hand to the Communists to retain power.

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Hmmm, wrong. That would cause default amongst the whole PIIGS block. Much better that Germany and it's acolytes found a new currency - or join the Pound, but on our terms of course.

 

If the germans and the other economically strong eurozone members decamped to another currency, the remaining dregs would have to default anyway. Whats the difference? And in any case, whatever they label it as, they are going to default even as things are. The others cant keep propping them up forever, when spain goes down the toilet the shlt is really going to hit the fan.

Edited by scotty
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