bye bye Eurozone

[Rockstar]

Greece talking about ditching the euro and tieing itself to the U.S. dollar.

Germany ‘freaked out’.

New US President will want to seal a trade deal with Britain before the rest of the European Union.

Negotiations with Brussels on the Transatlantic Trade and Investment Partnership (TTIP) as “literally dead” under Mr Trump’s administration.

Free trade pact with the United Kingdom could be signed, sealed and delivered within a year of negotiations beginning because the countries have so much common ground.

http://www.express.co.uk/news/politics/766811/Eurozone-crisis-Greece-ditch-euro-US-dollar-Trump-Ted-Malloch

[Oberon]

Hate to call 'Fake News' on this one...but...The Express...take it with an HGV of salt. Particularly if it is talking about the weather.

That being said, there is a grain of truth, Greece is heading for financial crisis number God knows what, and after Brexit and with Holland and France looking possible that they might elect intensely Eurosceptic and far-right leaders this year, the EU is most likely on the way out.
Which means that we can get back to the good old fashioned European sport of bickering with each other and planning a new world war.

[AndyJWest]

I think an HGV of salt might not be enough. Not only is this the Express (which makes the Daily Mail look credible by comparison), but the source is Ted Malloch, who seems to have only a fleeting grasp of such things as 'facts'. Not least when talking about himself, as the Financial Times revealed. From Wikipedia (the FT article is behind a paywall):

On February 9 2017, the Financial Times published an article which found that Ted Malloch embellished or falsified seven claims in his memoir Davos, Aspen & Yale: My Life Behind the Elite Curtain as a Global Sherpa. For instance, Malloch falsely claimed that his documentary had been Emmy-nominated, that he had written for the New York Times and Washington Post, that he held a professorship at Oxford, and that he had completed his "doctoral programme" in less than three years.
https://en.wikipedia.org/wiki/Ted_Malloch

[Oberon]

Ah, another member of the Alt-Fact movement then. :up:

[Catfish]

Hmm, that would be really bad for Germany, because the Dollar would not be worth much anymore. And then we could not sell enough things. The motor of the german export is a cheap Euro, vs. the Dollar. :03:

Otherwise the US have to deal with Greece then, maybe a good idea. It should have never been allowed to join the EU, with the kind of economy they have. I already see them burning US flags, instead of portraying Merkel as the antichrist :haha:

[Jimbuna]

Can the US afford to take Greece in with all that baggage/debt? :hmmm:

[Catfish]

The US could win their hearts by building bridges of friendship and love, like in the middle East.

But Greece has no oil :hmmm:

[Jimbuna]

The US could win their hearts by building bridges of friendship and love, like in the middle East.

But Greece has no oil :hmmm:

Plenty of German money though so I am led to believe :O:

[Skybird]

Germany last year paid 26% of the EU's budget, with Britian leaving, mayby France following, both events would increase the German share, it could become 30, even 35% without France and without Britain. It holds 750 billion of (useless...) TARGET claims against the ECB. It pays for one quarter of the ICF budget. And has wasted I do not remember anymore how many billions in Greece. No wonder that some German freaked out there. :D - But as they say: better an end with horrors, than horrors without end. And I say since so many years now that an economy that is so hopelessly depending on exports and thus on foreign markets and thus factors beyond its own control and influence, is mislabelled when describing it as "strong". It is heavily dependent and thus: weak and vulnerable. So although I know that Germany will suffer insane losses, I nevertheless argue for letting Germany have it. Us Germans brought ourselves into this messy - and idiotic - situation and nobody forced us to do so, so I figure we do not deserve it any better. It seems Germans are immune to learning, after two socilaist tyrannies in just 3 generations, suffering still seems to be the only thing that holds some chance to nevertheless make them change under pressure, if learning from reason and historical experience is so much too much asked of them..

[Nippelspanner]

But Greece has no oil :hmmm:

No, even better: Zaziki! :D

[Rockstar]

Hate to call 'Fake News' on this one...but...The Express...take it with an HGV of salt. Particularly if it is talking about the weather.

That being said, there is a grain of truth, Greece is heading for financial crisis number God knows what, and after Brexit and with Holland and France looking possible that they might elect intensely Eurosceptic and far-right leaders this year, the EU is most likely on the way out.
Which means that we can get back to the good old fashioned European sport of bickering with each other and planning a new world war.

Fake news? More like small talk thats been in the mill since the first Greek bailout. Plus the above article is in lock step with the fall of the roman/euro empire scenario, world war III, Russian invasions, end of the world, Hitler, burning globe scenario I keep reading about here anytime Trump is mentioned. :)


TRUMP http://www.express.co.uk/news/politics/766811/Eurozone-crisis-Greece-ditch-euro-US-dollar-Trump-Ted-Malloch. there see, the link appeared again.

[Catfish]

[...] And I say since so many years now that an economy that is so hopelessly depending on exports and thus on foreign markets and thus factors beyond its own control and influence, is mislabelled when describing it as "strong". [...]

Well you can begin to dig for iron, uranium and other resources in Germany if you want, but fact is there is not much, and we have long since become a country that exports technology, and pushing the service sector. I cannot see how this will change unless we concquer some colonies to get resources.

B.t.w. due to the strong dollar (ahem) EU exports have thrived in the last days, and the index went up one point only yesterday.

http://www.spiegel.de/wirtschaft/soziales/deutsche-wirtschaft-waechst-2016-um-1-9-prozent-a-1134464.html
http://www.spiegel.de/wirtschaft/soziales/konjunktur-eu-kommission-korrigiert-prognose-nach-oben-a-1134314.html
http://www.zeit.de/wirtschaft/2017-02/europaeische-kommission-wachstum-prognose-europa


[...], after two socilaist tyrannies in just 3 generations, suffering still seems to be the only thing that holds some chance to nevertheless make them change under pressure, if learning from reason and historical experience is so much too much asked of them..:roll: :dead:


Fact is the sky is neither falling in England, nor in the EU.

[Catfish]

No, even better: Zaziki! :D

:haha::up:

And, olive oil of course :03:
(my car's Elsbett engine runs with canola, olive oil, or Diesel, so ... take that, oil industry!)

[STEED]

Greece had a chance back in 2012 and now they are too deep in the Red, no idea why the EU wants to keep that millstone around their neck.

[Jimbuna]

Greece had a chance back in 2012 and now they are too deep in the Red, no idea why the EU wants to keep that millstone around their neck.

Ever heard of the domino theory?

[Oberon]

Fake news? More like small talk thats been in the mill since the first Greek bailout. Plus the above article is in lock step with the fall of the roman/euro empire scenario, world war III, Russian invasions, end of the world, Hitler, burning globe scenario I keep reading about here anytime Trump is mentioned. :)


TRUMP http://www.express.co.uk/news/politics/766811/Eurozone-crisis-Greece-ditch-euro-US-dollar-Trump-Ted-Malloch. there see, the link appeared again.

Would you like a safe-space where Trump is never criticised? :hmmm:

[Rockstar]

Meh I do t get all that wrapped up with all the new catch phrases of the day. It is news, a report on something that has been written about before, not fake, just very very unlikely to happen. The death of George Herbert Walker Bush was fake. I was just trying to keep up with all of end of the world is nigh, Hitler rising from the dead rhetoric going on here. Oh, and feel free to criticize the President that and baseball are America's favorite pastime.

And what in heck do I need a safe space for when I got guns? Bring it on! :D

[Skybird]

Fact is the sky is neither falling in England, nor in the EU.
But it fell over the third Reich and the GDR, and the EU and modern Germany will follow. You cannot betray the market's realities endlessly. Sooner or later reality catches you, always. Just a question of time.

[Oberon]

But it fell over the third Reich and the GDR, and the EU and modern Germany will follow. You cannot betray the market's realities endlessly. Sooner or later reality catches you, always. Just a question of time.

Everything falls eventually, it's how it falls that's critical.