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The Euro



 
 
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  #21  
Old May 20th, 2010, 10:17 PM posted to rec.travel.europe
F.M. Arouet
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Posts: 3
Default 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  
Old May 22nd, 2010, 04:39 AM posted to rec.travel.europe
JuanElorza[_4_]
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Posts: 286
Default 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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