Place your bets! Fiscal union or break-up? See or fold? And what about timing?
“In for a penny, in for a p…p…” =coughcough=
There seems to be a meeting on 9 December–surely we should hear some sort of announcement after that.
[quote=“Zla’od”]Place your bets! Fiscal union or break-up? See or fold? And what about timing?
“In for a penny, in for a p…p…” =coughcough=
There seems to be a meeting on 9 December–surely we should hear some sort of announcement after that.[/quote]
Partial break up by end of 2012. Greece, Portugal, Ireland leaving Euro and Italy defaulting of its debt.
No fiscal union.
Let’s hope so. The sooner this idiocy ends. the better. There will be plenty of pain at the time, but I don’t see the point of delaying the inevitable any longer.
Uhm … .ah… problem city. Looks like maybe they should NOT have gone into the Euro in the first place me thinks.
I don’t see any problem. But I don’t have any debts either.
I need to change money into around 1500 Euros for an upcoming trip that needs to be paid for in Euros. Should I wait? Change half now and half later to hedge my bets? Wait?
[quote=“PostMaster”][quote=“Zla’od”]Place your bets! Fiscal union or break-up? See or fold? And what about timing?
“In for a penny, in for a p…p…” =coughcough=
There seems to be a meeting on 9 December–surely we should hear some sort of announcement after that.[/quote]
Partial break up by end of 2012. Greece, Portugal, Ireland leaving Euro and Italy defaulting of its debt.
No fiscal union.[/quote]
I predict Germany will step up eventually to a Eurobond sort of agreement, even a partial Eurozone break-up will result in huge losses for Germany. So I vote for Germany blinking in 2012. I think it is likely Greece will leave and Italy, Ireland, Portugal and Spain will stay in.
Your guess is as good as mine 
[quote=“headhonchoII”][quote=“PostMaster”][quote=“Zla’od”]Place your bets! Fiscal union or break-up? See or fold? And what about timing?
“In for a penny, in for a p…p…” =coughcough=
There seems to be a meeting on 9 December–surely we should hear some sort of announcement after that.[/quote]
Partial break up by end of 2012. Greece, Portugal, Ireland leaving Euro and Italy defaulting of its debt.
No fiscal union.[/quote]
I predict Germany will step up eventually to a Eurobond sort of agreement, even a partial Eurozone break-up will result in huge losses for Germany. So I vote for Germany blinking in 2012. I think it is likely Greece will leave and Italy, Ireland, Portugal and Spain will stay in.[/quote]
agreed, I mean arguably, Italy and Spain actually have real economies and manufacturing. What do Greeks have besides tourism, feta, and ouzo (and no one wants the ouzo)?
I guess you mean changing TWD into Euro? Until when you need it?
There’s lot of options to protect yourself against currency fluctuations, the easiest way (without buying any special product) is if you buy a couple of Euros every month
(by transferring it to a Euro account within your bank in taiwan) to get a “mixed rate”.
i.e. you need 1500 euro by June so you transfer 250 euro / month until June.
In the end you’ll have a average rate and can withdraw the 1500 you need ‘at once’.
There’s no fee for that monthly transferring (at least not with the “wai hu bi = multiple foreign currency account” at my bank) and the buy/sell spread is reasonable.
I do such transferring online…
After years of chest-thumping from the Euros, I can;t help feeling a bit of schadenfreude about all this.
I might feel differently when they cause a worldwide depression.
[quote]After years of chest-thumping from the Euros, I can;t help feeling a bit of schadenfreude about all this.
I might feel differently when they cause a worldwide depression.[/quote]
I’d just like to take this opportunity to remind you of your country’s own deficit and the borrowed time it is on before it defaults and becomes a balkanised group of tin-pot countries fighting over a scrap of bread. It aint going to be long, and this Euro-business may well tip the balance for you guys.
[quote=“Super Hans”][quote]After years of chest-thumping from the Euros, I can;t help feeling a bit of schadenfreude about all this.
I might feel differently when they cause a worldwide depression.[/quote]
I’d just like to take this opportunity to remind you of your country’s own deficit and the borrowed time it is on before it defaults and becomes a balkanised group of tin-pot countries fighting over a scrap of bread. It aint going to be long, and this Euro-business may well tip the balance for you guys.[/quote]
Ain’t that the truth.
[quote=“Super Hans”][quote]After years of chest-thumping from the Euros, I can;t help feeling a bit of schadenfreude about all this.
I might feel differently when they cause a worldwide depression.[/quote]
I’d just like to take this opportunity to remind you of your country’s own deficit and the borrowed time it is on before it defaults and becomes a balkanised group of tin-pot countries fighting over a scrap of bread. It aint going to be long, and this Euro-business may well tip the balance for you guys.[/quote]
The Euro would be pretty strong if the Germans went all in and established a federal reserve type entity backed up with Eurobonds, it’s just that the Germans have an extremely low interest rate for their sovereign debt at present and are understandably reluctant to pay more. They are trying to press the other countries for concessions first and playing the game fairly well it has to be said, extracting concessions everywhere you look.
It’s obvious though that a country like Greece is not suited to the Euro, so they should leave as soon as possible. Portugal maybe too. Spain, Ireland and Italy will probably stay in. Italy might be better off outside the Euro so it could devalue it’s currency and help it’s export businesses but that would destabilise the whole Eurozone.
[quote=“Okami”]After years of chest-thumping from the Euros, I can;t help feeling a bit of schadenfreude about all this.
I might feel differently when they cause a worldwide depression.[/quote]
Schadenfreude is an adjective. What you are feeling is schadenfroh.
Now we have that common mistake lain to rest let me add this…
The European union is a mess. Regional currency is the only way for things to go forwards. Germany have done well from sitting atop an umbrella organisation and everyone else has felt the rain dripping on them for joining. Sarkosy knows that France is about a second away from drowning. He is desperate for Merkel to include him in her plans. But the plans are for shit. England, for all our faults, is the true model of how to plough forwards. Socialist thinking underpinned by Keynsian economics. One rule for all, and that rule is: Pay your bloody tax.
None of the debt is real, it is all imagined. Killing the Euro will finally end all of that rubbish, it will give China something to think about and it will drive another nail in to America’s great future, which, by the way, was much better under Clinton and Reagan than most people care to think about. I say the US should go back to Reaganomics and be done with it. 
Now someone get me away from talking politics with a picture of a rabbit playing poker or something…
[/quote]
Oh man that is freaking SWEET!!! That rabbit has pocket snowmen or something.
[quote=“superking”][quote=“Okami”]After years of chest-thumping from the Euros, I can;t help feeling a bit of schadenfreude about all this.
I might feel differently when they cause a worldwide depression.[/quote]
Schadenfreude is an adjective. What you are feeling is schadenfroh.
Now we have that common mistake lain to rest let me add this…
The European union is a mess. Regional currency is the only way for things to go forwards. Germany have done well from sitting atop an umbrella organisation and everyone else has felt the rain dripping on them for joining. Sarkosy knows that France is about a second away from drowning. He is desperate for Merkel to include him in her plans. But the plans are for shit. England, for all our faults, is the true model of how to plough forwards. Socialist thinking underpinned by Keynsian economics. One rule for all, and that rule is: Pay your bloody tax.
None of the debt is real, it is all imagined. Killing the Euro will finally end all of that rubbish, it will give China something to think about and it will drive another nail in to America’s great future, which, by the way, was much better under Clinton and Reagan than most people care to think about. I say the US should go back to Reaganomics and be done with it.
Now someone get me away from talking politics with a picture of a rabbit playing poker or something…[/quote]
Yes, PLEASE get away from talking politics or at the very least get away from talking economics. If England were Keynsian, they would understand that stimulus is what is needed and austerity is totally ANTI-Keynsian.
Reaganomics is exactly why the US is in such big trouble now (along with a Clinton allowing Glass-Stiegal to be repealed.)
He’s got some poker face! I can’t tell whether or not he’s bluffing!
But it is backed up by debt, none of which is real, it is all imagined.