Euro falls on rumours Greece is to quit the eurozone

[Gerald]

Originally Posted by Happy Times

The Greeks are also at Luxenbourg and the lights are on trough the night at the Prime Ministers Office in Helsinki.

This week has been the beginning of the end of the eurozone and maybe even EU.

Almost the entire region within the EU've derailed, so it's just a matter of time before the house of cards collapses, at least it feels like, and hope they have lights in a long time, things like this get to suck on them..

[Bakkels]

Originally Posted by Vendor

Almost the entire region within the EU've derailed, so it's just a matter of time before the house of cards collapses, at least it feels like, and hope they have lights in a long time, things like this get to suck on them..

Well the EU hasn't derailed quite yet. Germany is economically on the way up again, and consequently so is Holland. The EU won't collapse, for the same reasons hardly any bank has collapsed since the crisis. Not even in America, where the free market is viewed as an even greater good than over here.
I'm not saying that's a good thing though, just an observation. If there's too much depending on an institution - be it a bank, or the monetary EU in this case - it will never collapse.
This is a time where we should rethink and redesign capitalism, but I see too little changes....
Anyway, I'm back to my movie

[Happy Times]

Originally Posted by Vendor

Almost the entire region within the EU've derailed, so it's just a matter of time before the house of cards collapses, at least it feels like, and hope they have lights in a long time, things like this get to suck on them..

Greece wants to get new terms for its debt or 200bn more finance from EU, they are probably threatening to quit otherwise.

It is all the same as the end result is the same, Greece will default and restructure its debts.

The same goes for Ireland and Portugal.

After that Spain, Belgium, Italy and France..

The reason that Netherlands and Finland are also present is that they are part of the triple A credit rated countries.

Probably EU comission asking us to pump more loans on this bubble.

[Bakkels]

You're probably right, but don't you think the Finnish or Dutch would pour money into it without getting anything back?

[Happy Times]

Originally Posted by Bakkels

You're probably right, but don't you think the Finnish or Dutch would pour money into it without getting anything back?

What we are getting is our economy ruined, debt to pass for three generations and an attempt to shove a federal state upon us without any democratic process.

Finland and Netherlands would have done just as well outside EU and Euro.

[Happy Times]

Seems im not the only one calling it a Ponzi scheme.

Europe is running a giant Ponzi scheme

http://www.ft.com/cms/s/0/ee728cb6-7...#axzz1LdP1ujJY

[Skybird]

Originally Posted by Happy Times

Seems im not the only one calling it a Ponzi scheme.

Europe is running a giant Ponzi scheme

http://www.ft.com/cms/s/0/ee728cb6-7...#axzz1LdP1ujJY

Good and true one! And written by somebody who should know it: the governor of the Argentine's central bank. He is 100% on target.

He calls it ponzi scheme, but I have a better title for it: Hütchenspiel (thimblerig).

[Gerald]

http://www.bbc.co.uk/news/business-13317770

Note: Update record,7 May 2011 Last updated at 09:17 GMT