The end of the euro, three cheers

  • Thread starter Lincsbodger
  • Start date
L

Lincsbodger

25 of 32 leading economist interviewed by Mori dont think the Euro will last another 5 years. Its currently going down faster than a tarts knickers at a pop festival.

Furthermore, the greek debt crisis hasnt even begun, They owe 115% of there GDP, in a years time it will be 150% of there GDP. And Hungary it woudl appear is about to show its hand, and its in an even worse state.

Several of the economist questioned think not only will Greece fall out the euro, so will Portugal, Spain, Hungary, and Ireland, and Greece may even have a revolution as a consequence.

The German people are ****ed off there government wants to shell out bags of german dosh to bail all the other countries out, and France isnt too keen either.

So, with a bit of luck the knobs will fall completely off and we can bury the United States of Europe and German Imperial Expansionism By The Back Door, once and for all.


The comments on the euro's precarious position will not go down well in the City.

It has been taking the view that the £691billion emergency bailout package had for the moment solved the sovereign debt crisis equation.

But Jeremy Batstone-Carr, global economic strategist at broker Charles Stanley, said: 'This is categorically not the case'.

'Greek debt will rise aggressively as a result of the IMF/EU bailout programme. The IMF itself estimates that Greece will owe 150pc of gross domestic product by 2015, up from 115pc, currently forecast.

'Net indebtedness will rise, again according to the IMF, by €110bn. The bottom line is that the Greek sovereign debt crisis has not gone away. In fact it has hardly even begun. '

 
Sponsored Links
So, with a bit of luck the knobs will fall completely off and we can bury the United States of Europe and German Imperial Expansionism By The Back Door, once and for all.

Well supposing that they reverted to the Deutschmark big problems for the pound, they actually have a good industry profile and produce things.
We on the other hand produce sweet FA other than Consultants.
 
So, with a bit of luck the knobs will fall completely off and we can bury the United States of Europe and German Imperial Expansionism By The Back Door, once and for all.

Well supposing that they reverted to the Deutschmark big problems for the pound, they actually have a good industry profile and produce things.
We on the other hand produce sweet FA other than Consultants.

Well that and people who cant read, write, spell or do maths, with degrees in Tourism, Folklore and Mythology, or 'Forensic Science'. Actually the latter stands to reason. If you have a long term plan to mass criminalise the populace , like labour had, i suppose you'll need a shed load of Forensic Scientists to track 'em all down.
 
Sponsored Links
Has anyone noticed the google ads interspersed between the posts on this thread? (you need to be logged out to see them for some reason)Quite ironic :LOL: :LOL:
 
The UK has the biggest debt problem of the lot of them and if Europe crumbles then our exports will tumble - and we go bust even faster.
 
Yes but Google wouldn't let me have,
Why the **** should I pay.com
 
The UK has the biggest debt problem of the lot of them and if Europe crumbles then our exports will tumble - and we go bust even faster.

Umm the US's debt dwarfs anything going on here. America's $13trillion debt is set to overtake its GDP within the next two year, what economists call a 'debt super cycle.' They predict the U.S. debt will grow to surpass gross domestic product in 2012, based on data from the International Monetary Fund.
 
Umm the US's debt dwarfs anything going on here. America's $13trillion debt is set to overtake its GDP within the next two year, what economists call a 'debt super cycle.' They predict the U.S. debt will grow to surpass gross domestic product in 2012, based on data from the International Monetary Fund.
With the amount of debt being built up by the USA there has to be, not a cat in hells chance of them paying it back do the authorities seem overly concerned no, so whats Cameron on about.
 
China is buying American and British debt; if we don't pay it back could be ww3.
 
Surely if all the countries in debt say they'll not pay it back to who ever lent it, what are they going to do?

My guess is they'll throw their toys out of the pram, stamp their feet and then think why did I do that, and it will all be over.

We can all go back to work.
 
China lend us money so that we can buy their cheap tat. If they don't lend - we don't buy - and China goes bust. It's the economics of the asylum.

Oh and we give China millions in overseas aid.
 
I really hope they are right, I hate everything about the EU including their currency!!

So I sincerely hope you do not buy or eat produce made or grown in the EU or holiday in the EU then?
 
Sponsored Links
Back
Top