French Banking Chief: Collapse of Euro "INEVITABLE"!

Lou Ravi wrote:
DVH wrote:
"Lou Ravi" wrote in message
...
Ehissuae wrote:
"Eduard Kehlmann" wrote in message
...
Dirk Bruere at NeoPax schrieb:
PJ O'Donovan wrote:
French Banking Chief: Collapse of Euro "INEVITABLE"!

More likely that certain nations will "resign".


...and the Euro with them.....
Wishful thinking. Somehow, it is remindful of those marxists who
were hoping for the collapse of capitalism.
Quite. And the silly naysayers here who know **** all about **** all
can continue to gripe and then run off with their tails betwsen
their legs when the UK finally joins the Eurozone as it should have
years ago and will enventualy.
They promised it would bring convergence, and that never happened.

It hasn't improved unemployment, growth or real wages.

Why should it, but by god it has made life simpler for those in the
Eurozone.

The only thing it's good for is price comparison (as if it's a major
and time-consuming task to convert the price of a thing from one
currency to another), and the removal of the (already very low)
exchange fees.

Very low exchange fees my arse. More like 5% every time you moved a few
miles between, say, Belgium, the Netherlands, Germany and France. You
can visit these four countries in an afternoon on a bicycle more or less. In
the old days, if you changed you money each time, you'd lose a quarter
or so without spending a cent.

There's really no point in the euro!

Tell that to the 350 million who use it and are happy with it (plus those
banging on the door to join). Isn't it time you silly British took your
heads out of the sand and joined the modern world?

More 'happy' users

http://tinyurl.com/yev64jq

Donna Evleth wrote:

From: "Bill Bonde {Colourless green ideas don't sleep furiously)"

Organization: Our legacy is not the lives we lived but the lives we leave to
those who come after us.
Newsgroups:
alt.activism.death-penalty,uk.politics.misc,aus.politics,rec.travel.e urope
Date: Mon, 15 Feb 2010 13:10:22 +0000
Subject: French Banking Chief: Collapse of Euro "INEVITABLE"!



Mxsmanic wrote:

John Rennie writes:

If so let's see if the citizens of Greece, Portugal,
Spain and perhaps Italy agree with you or will agree roundabout
the end of this year when they have to pay off their deficits.

They'd be in the same mess without the euro.

The value of Grecian cash would go down, which would promote
Grecian exports. Grecians yearning for a better life would have to
work harder, of course, but they could compete.

Grecian??? I spend two to three weeks in Greece every year, in September,
and I have never heard them refer to themselves as "Grecian". They call
themselves Greek. "Grecian" is an archaic term.

Ode on a Greek Urn, I don't think so.



--
"It is illuminating for purposes of reflection, if not for
argument, to note that one of the greatest 'fictions' of our
federal system is that the Congress exercises only those powers
delegated to it, while the remainder are reserved to the States or
to the people. The manner in which this Court has construed the
Commerce Clause amply illustrates the extent of this fiction.",
Hodel v. Virginia Surface Mining, 452 U.S. 264, 307 (1981)

Mxsmanic wrote:
John Rennie writes:

If so let's see if the citizens of Greece, Portugal,
Spain and perhaps Italy agree with you or will agree roundabout
the end of this year when they have to pay off their deficits.

They'd be in the same mess without the euro.

They might be in a mess but it would be a very different mess.
They were in a similar position to Wall Street and City of London
banks i.e. we can spend what we like because the government (or EU)
will bail us out. Now the UK which is in the position you
cite is in a much better situation. That lovely phrase
'quantative easing' is at our disposal. We can print money
and that helps a great deal to assuage the worst effects of
economic downturn.

The citizens of Ireland certainly don't.

See above.

Do you know anybody that lives there? I do:
a senior town planner has had her salary reduced
every month for the last four months. The cuts
in education, health, pensions are equally
severe. This after quite a few years of living
on credit i.e. Euro credit.

DVH wrote:

"Bill Bonde {Colourless green ideas don't sleep furiously)"
wrote in message
...


John Rennie wrote:

DVH wrote:

You're incapable of understanding that something might not be one of
your
absurd socialist projects. Capitalism isn't an edifice built thanks to
the
amazing efforts of governments, or a structure that would collapse if
the
government weren't around.

You don't seem to have the mental wherewithal to grasp this simple
fact.


Capitalism is in the process of destroying itself
without any aid whatsoever from any other 'ism'.
Let's just sit back and enjoy the spectacle without
getting excessively annoyed.

What do you think should replace it?

Oh, something fairer I'm sure. A system in which everyone gets to decide
collectively on both the number of toilets in the factory and the width in
microns of the tractor ignition lead.

Obviously, there should be a great deal of singing and five year plans. And
realistic targets should be set for killing people who don't conform.

Rennie's Potemkin village would apparently put on a happier facade.



--
"It is illuminating for purposes of reflection, if not for
argument, to note that one of the greatest 'fictions' of our
federal system is that the Congress exercises only those powers
delegated to it, while the remainder are reserved to the States or
to the people. The manner in which this Court has construed the
Commerce Clause amply illustrates the extent of this fiction.",
Hodel v. Virginia Surface Mining, 452 U.S. 264, 307 (1981)

From: "Bill Bonde {Colourless green ideas don't sleep furiously)"

Organization: Our legacy is not the lives we lived but the lives we leave to
those who come after us.
Newsgroups:
alt.activism.death-penalty,uk.politics.misc,aus.politics,rec.travel.e urope
Date: Mon, 15 Feb 2010 13:10:22 +0000
Subject: French Banking Chief: Collapse of Euro "INEVITABLE"!



Mxsmanic wrote:

John Rennie writes:

If so let's see if the citizens of Greece, Portugal,
Spain and perhaps Italy agree with you or will agree roundabout
the end of this year when they have to pay off their deficits.

They'd be in the same mess without the euro.

The value of Grecian cash would go down, which would promote
Grecian exports. Grecians yearning for a better life would have to
work harder, of course, but they could compete.

Grecian??? I spend two to three weeks in Greece every year, in September,
and I have never heard them refer to themselves as "Grecian". They call
themselves Greek. "Grecian" is an archaic term.

Donna Evleth

From: "Lou Ravi"
Organization: les newsgroups par Orange
Reply-To: "Lou Ravi"
Newsgroups:
alt.activism.death-penalty,uk.politics.misc,aus.politics,rec.travel.e urope
Date: Mon, 15 Feb 2010 14:41:57 +0100
Subject: French Banking Chief: Collapse of Euro "INEVITABLE"!

DVH wrote:
"Lou Ravi" wrote in message
...
Ehissuae wrote:
"Eduard Kehlmann" wrote in message
...
Dirk Bruere at NeoPax schrieb:
PJ O'Donovan wrote:
French Banking Chief: Collapse of Euro "INEVITABLE"!

More likely that certain nations will "resign".


...and the Euro with them.....

Wishful thinking. Somehow, it is remindful of those marxists who
were hoping for the collapse of capitalism.

Quite. And the silly naysayers here who know **** all about **** all
can continue to gripe and then run off with their tails betwsen
their legs when the UK finally joins the Eurozone as it should have
years ago and will enventualy.

They promised it would bring convergence, and that never happened.

It hasn't improved unemployment, growth or real wages.

Why should it, but by god it has made life simpler for those in the
Eurozone.

The only thing it's good for is price comparison (as if it's a major
and time-consuming task to convert the price of a thing from one
currency to another), and the removal of the (already very low)
exchange fees.

Very low exchange fees my arse. More like 5% every time you moved a few
miles between, say, Belgium, the Netherlands, Germany and France. You
can visit these four countries in an afternoon on a bicycle more or less. In
the old days, if you changed you money each time, you'd lose a quarter
or so without spending a cent.

I remember the pre-euro days when we used to go and visit friends in
Holland. We drove. We would fill up with gas in Lille, so that we could
drive all the way through Belgium without having to exchange currency. It
saved us money to only have to exchange once.

Donna Evleth

On 15/02/2010 5:24 PM, Martin wrote:
On Mon, 15 Feb 2010 18:08:55 +0100, Giovanni Drogo
wrote:

On Mon, 15 Feb 2010, Mxsmanic wrote:

If so let's see if the citizens of Greece, Portugal, Spain and
perhaps Italy agree with you [...] their deficits.

They'd be in the same mess without the euro.

We (in Italy) would be in a much worse mess without the euro.

Concerning the deficit, the "primary" one (excluding public debt) is
rather minor (I saw a plot yesterday on a newspaper), and actually it
used to be active under the Prodi governments ! The debt after all is
mostly the citizen savings. We did not go under in the '80s with
inflation at 20%, so we won't now.

UK is in a bigger mess without the Euro. The Euro would be in a bigger mess
with UK.

I am not at all sure that you are correct and, of course, I hope that
you aren't. The UK has been a significant contributor to the Financial
Mess but is also much more resilient than Greece and Italy and Spain and
Portugal and Ireland. The key in the short-term to stabilising the Euro
is assistance to Greece (in particular) from Germany but,
understandably, Mrs Merkel is reluctant to do that. The single currency
was a laudable aim Politically but I am far from sure of the wisdom of
allowing so many economically profligate Nations become members of the
Eurozone without any attempt being made to make them obey the rules.
--
JohnT

"John Rennie" wrote in message
...
Lou Ravi wrote:
DVH wrote:
"Lou Ravi" wrote in message
...
Ehissuae wrote:
"Eduard Kehlmann" wrote in message
...
Dirk Bruere at NeoPax schrieb:
PJ O'Donovan wrote:
French Banking Chief: Collapse of Euro "INEVITABLE"!

More likely that certain nations will "resign".


...and the Euro with them.....
Wishful thinking. Somehow, it is remindful of those marxists who
were hoping for the collapse of capitalism.
Quite. And the silly naysayers here who know **** all about **** all
can continue to gripe and then run off with their tails betwsen
their legs when the UK finally joins the Eurozone as it should have
years ago and will enventualy.
They promised it would bring convergence, and that never happened.

It hasn't improved unemployment, growth or real wages.

Why should it, but by god it has made life simpler for those in the
Eurozone.

The only thing it's good for is price comparison (as if it's a major
and time-consuming task to convert the price of a thing from one
currency to another), and the removal of the (already very low)
exchange fees.

Very low echange fees my arse. More like 5% every time you moved a few
miles between, say, Blegiou, the netherlands, Luxembourg and France. You
can visit these four countries in an afternoon on a bicycle more or less.
In the old days, if you changed you money each time, you'd lose a fifth
or so without spending a cent.

There's really no point in the euro!

Tell that to the 350 million who use it and are happy with it (plus those
banging on the door to join). Isn't it time you silly British took your
heads out of the sand and joined the modern world?

Do you by any chance have access to any other forms of media other
than Usenet? If so let's see if the citizens of Greece, Portugal,
Spain and perhaps Italy agree with you or will agree roundabout
the end of this year when they have to pay off their deficits. The
citizens of Ireland certainly don't.

http://uk.reuters.com/article/idUKTRE51K1L520090221

Sure the Euro is convenient and that's about the only thing
that is in its favour.

Curious how quickly some people tend to forget... You probably still
remember, though, how it was in Europe when a monetary crisis took place?
Competitive devaluations inside the European monetary system... 1984, and
then 1993.

And more recently, the comparative examples of Iceland and Ireland showed
what it was to enjoy the shield provided by the euro, and how much of a
difference it made. I would not even imagine where Greece would be, if it
didn't have the euro today.

The euro is not just convenient, and has much more than mere convenience in
its favour, believe me.

"Donna Evleth" wrote in message
...


From: "Bill Bonde {Colourless green ideas don't sleep furiously)"

Organization: Our legacy is not the lives we lived but the lives we leave
to
those who come after us.
Newsgroups:
alt.activism.death-penalty,uk.politics.misc,aus.politics,rec.travel.e urope
Date: Mon, 15 Feb 2010 13:10:22 +0000
Subject: French Banking Chief: Collapse of Euro "INEVITABLE"!



Mxsmanic wrote:

John Rennie writes:

If so let's see if the citizens of Greece, Portugal,
Spain and perhaps Italy agree with you or will agree roundabout
the end of this year when they have to pay off their deficits.

They'd be in the same mess without the euro.

The value of Grecian cash would go down, which would promote
Grecian exports. Grecians yearning for a better life would have to
work harder, of course, but they could compete.

Grecian??? I spend two to three weeks in Greece every year, in September,
and I have never heard them refer to themselves as "Grecian". They call
themselves Greek. "Grecian" is an archaic term.

Donna Evleth

He is speaking like Bush. I'm sure he can coexist peacefully with fish, too.

Ehissuae wrote:

"John Rennie" wrote in message
...
Lou Ravi wrote:
DVH wrote:
"Lou Ravi" wrote in message
...
Ehissuae wrote:
"Eduard Kehlmann" wrote in message
...
Dirk Bruere at NeoPax schrieb:
PJ O'Donovan wrote:
French Banking Chief: Collapse of Euro "INEVITABLE"!

More likely that certain nations will "resign".


...and the Euro with them.....
Wishful thinking. Somehow, it is remindful of those marxists who
were hoping for the collapse of capitalism.
Quite. And the silly naysayers here who know **** all about **** all
can continue to gripe and then run off with their tails betwsen
their legs when the UK finally joins the Eurozone as it should have
years ago and will enventualy.
They promised it would bring convergence, and that never happened.

It hasn't improved unemployment, growth or real wages.

Why should it, but by god it has made life simpler for those in the
Eurozone.

The only thing it's good for is price comparison (as if it's a major
and time-consuming task to convert the price of a thing from one
currency to another), and the removal of the (already very low)
exchange fees.

Very low echange fees my arse. More like 5% every time you moved a
few miles between, say, Blegiou, the netherlands, Luxembourg and
France. You can visit these four countries in an afternoon on a
bicycle more or less. In the old days, if you changed you money each
time, you'd lose a fifth or so without spending a cent.

There's really no point in the euro!

Tell that to the 350 million who use it and are happy with it (plus
those banging on the door to join). Isn't it time you silly British
took your heads out of the sand and joined the modern world?

Do you by any chance have access to any other forms of media other
than Usenet? If so let's see if the citizens of Greece, Portugal,
Spain and perhaps Italy agree with you or will agree roundabout
the end of this year when they have to pay off their deficits. The
citizens of Ireland certainly don't.

http://uk.reuters.com/article/idUKTRE51K1L520090221

Sure the Euro is convenient and that's about the only thing
that is in its favour.

Curious how quickly some people tend to forget... You probably still
remember, though, how it was in Europe when a monetary crisis took
place? Competitive devaluations inside the European monetary system...
1984, and then 1993.

Very minor compared with present situations.

And more recently, the comparative examples of Iceland and Ireland
showed what it was to enjoy the shield provided by the euro, and how
much of a difference it made.

Did you read my comment about Ireland. Things are bad very bad in Ireland.

I would not even imagine where Greece
would be, if it didn't have the euro today.

Is it possible that you're not quite up-to-date on Greece?

http://www.ft.com/cms/s/0/cc82f954-1...tml?ftcamp=rss

http://tinyurl.com/yerkx6y

"Concern is growing about how the market is exploiting Greece's
weakness, and by extension that of the euro."

http://business.timesonline.co.uk/to...cle7027751.ece

"The Greek Government looked set on a collision course with the European
Commission today as its finance minister denied demands that it needed
to take further austerity measures to cut its debt."

The euro is not just convenient, and has much more than mere convenience
in its favour, believe me.

I'm sure you'll understand if I refuse to believe you.