Solution to the Debt Crisis

[Guided Missile]

Just a thought, but why don't the Eurozone countries stop issuing their own bonds for the raising of capital? Replace them with a Eurobond that will provide a yield lower than the PIIGS are having to pay at the moment. Yeah, it will add to the cost of borrowing in France and Germany, but the European Bank will then have the capital and say so to whom, how much and under what terms the money is doled out.

[CB Saint]

Just a thought, but why don't the Eurozone countries stop issuing their own bonds for the raising of capital? Replace them with a Eurobond that will provide a yield lower than the PIIGS are having to pay at the moment. Yeah, it will add to the cost of borrowing in France and Germany, but the European Bank will then have the capital and say so to whom, how much and under what terms the money is doled out.

 

I think your answer is there!!

[Guided Missile]

I think if I was Sarkozy or Merkel, I would rather pay a little more in interest, rather than watching billions in German and French bank loans go down the tubes, or French and German public money being used to vainly propping up Italy and Spain to try and save the euro.

 

It will happen, mark my words....

[locksheathsaint101]

I hope the Euro continues to fail. It will be for the best in the long term.

[dune]

What you are suggesting is another step towards an EU superstate. Frankly this is the only way the a single currency could work - economic union. This is what Nigel Farage has said all along and is what the unelected bureacrats want.

 

Please sign up and join the Daily Express crusade today.

 

http://www.express.co.uk/posts/view/263084/Crusade-for-referendum-on-EU-goes-into-overdrive

 

http://www.express.co.uk/referendum

[trousers]

It's a good job no-one took any notice of Blair, Kinnock, Heseltine, Kennedy, Brittan et al 9 - 10 years ago....

 

http://www.telegraph.co.uk/finance/2747185/Blair-attacked-over-pro-euro-message.html

 

http://www.guardian.co.uk/world/2002/may/16/euro.eu2

Edited 5 August, 2011 by trousers

[dune]

I notice the tree hugging Guardian are against my newspaper of choice and the crusade.

 

http://www.guardian.co.uk/media/greenslade/2011/aug/01/dailyexpress-eu

 

The use of the old Express logo of the little crusader is a direct link to the paper's past. It was created by Lord Beaverbrook in 1929 when launching his absurd "imperial crusade"

 

[pap]

I would be up for a referendum, but not until the ASA closes the loophole which allows blatant lies to be told during referendum campaigns.

[aintforever]

The solution is simple, just don't pay it back.

 

The EU and US will both default on their debts, it's just a matter of when and by how much.

[Wade Garrett]

Eurozone countries have to face facts and accept that they have to tighten their belts and reduce their deficits.

 

Until they do so, they will suffer at the hands of investors.

 

If the euro was run economically, rather than politically, it wouldn't have be in this position now. We are most defintely better off out of it.