euro zone
- Thread starter billyo
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Because this Country is poorly placed relative to other countries, irrespective of what Gordon Brown says.
We relied far to much on the banking industry, to "create" our wealth, at the expense of industry.
Now the former has collapsed, we are in a mess.
We are as close as we have ever been, to going Bankrupt.
We relied far to much on the banking industry, to "create" our wealth, at the expense of industry.
Now the former has collapsed, we are in a mess.
We are as close as we have ever been, to going Bankrupt.
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because unlike the pound, the euro is a reserve currency...if all of the euro zone countrys are in a mess, why is the euro not taking a fall like the pound
And that gives it some magical protection?....... like what exactly?
The Euro will rise or fall in value, just as any other currency.
Eventually yes it could fall, but atm too many vested interests have reserves in Euro's, and hence they are not selling them like sterling is being sold..It has greater protection from market forces because of being a reserve currency.
is it true that Germany will not allow the euro to drop even though it is not worth anything like 1.08 to the pound, it should be 1.26 min according to some press reports , but the british press is selling us short by playing downall thgats is british.there is loads of workers getting lay off in euro zone
and loads in the Sterling zone. So what point are you making?
How do you imagine Germany can control the exchange rate of (almost) the whole of Europe against the US dollar, and the Japanese Yen?
fact remains that a fluctuating exchange rate is very bad for business and international trade.
Also bad for you when you go on hols in Spain and can't forecast what it is going to cost you, or if you want to buy a German car or an Italian fridge, or if we want to sell them some of our stuff.
Toyota and Hondas made in the UK have suddenly found the cost of parts from the rest of Europe have rocketed in price. Same has happened for electricity or gas bought from Europe.
Think how awful it would be if the value of a pound in Cumbria was different from the value of a pound in Hampshire, and it changed from day to day, and could change 25% in the space of a year, and the banks could charge you 5% or more every time you spent your local pound down here
How do you imagine Germany can control the exchange rate of (almost) the whole of Europe against the US dollar, and the Japanese Yen?
fact remains that a fluctuating exchange rate is very bad for business and international trade.
Also bad for you when you go on hols in Spain and can't forecast what it is going to cost you, or if you want to buy a German car or an Italian fridge, or if we want to sell them some of our stuff.
Toyota and Hondas made in the UK have suddenly found the cost of parts from the rest of Europe have rocketed in price. Same has happened for electricity or gas bought from Europe.
Think how awful it would be if the value of a pound in Cumbria was different from the value of a pound in Hampshire, and it changed from day to day, and could change 25% in the space of a year, and the banks could charge you 5% or more every time you spent your local pound down here
MAYBE JOHND its because they are the biggest exporter of goods to other eurozone countrys, and dont want the cost of there goods paid in a low euro you know how the press can make things sound and look always bad
you know how the press can make things sound and look always badSponsored Links
