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#21
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The Euro
Mike wrote:
On Tue, 18 May 2010 20:59:07 -0700, Hatunen wrote: That's euro 0.85 to buy a dollar, not too far off today's rate. heres a free insight, UK will not join Euro anytime soon :-) The Pound will collapse one day before the Euro I guess.... :-P But the strong British industry :-D :-D :-D will help You out of the coming troubles and chaos.... and after that: whos to blame? the Goimans of course, they are always to blame forever........ -- "Es gibt keinen Weg, den finalen Kollaps eines Booms durch Kreditexpansion zu vermeiden. Die Frage ist nur, ob die Krise früher durch freiwillige Aufgabe der Kreditexpansion oder später zusammen mit einer finalen und totalen Katastrophe des Währungssystems kommen soll“ - Ludwig von Mises. "Banking Establishments Are More Dangerous Than Standing Armies." - Thomas Jefferson "While the crash only took place six months ago, I am convinced we have now passed through the worst -- and with continued unity of effort we shall rapidly recover. There has been no significant bank or industrial failure. That danger, too, is safely behind us." - President Hoover 1930 Thanksgiving Menu 2010: Great Depression Grand Siècle 1933 méthode creditoise soupe Mélange Of Frozen Markets Seared Investors In Bottomless Pit With Caramelized Investments Sorbet Trio Of Shock, Disbelief And Insolvency |
#22
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The Euro
On Wed, 19 May 2010 16:38:52 +0200, Earl Evleth wroteÂ*:
On 19/05/10 14:18, in article , "Tom P" wrote: Do they qualify? Does any country qualify? Some did at the time. New joiners have had to toe the mark. http://www.euractiv.com/en/euro/enla...article-111471 The economic crisis produced a problem with keepy the existing Euro-states in line. Here is another view on the same problem. http://www.europe2020.org/spip.php?article646&lang=en Quote : Global systemic crisis – From « Eurozone coup d’Etat » to the tragic solitude of the United Kingdom, the pace of global geopolitical dislocation accelerates In the face of the worsening crisis, the sixteen have indeed taken control of the EU reins of power, creating new tools and instruments which leave no other choice for the other members but to follow or find themselves isolated. Ten out of the eleven other member states have decided to follow, such as the two most important of them, Sweden and Poland, who have chosen to actively participate in the apparatus put into place by the Eurozone (the other eight are currently either in the course of negotiating their Eurozone entry, like Estonia from 2011 [3], or receiving direct help from the Eurozone, like Lithuania, Hungary, Romania, for example…) They project that, at the end of the year, the euro will reach again the 1.45USD level. |
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