Re: Euro Crisis Revived With Yet Another EU Buggle : Wed Mar 20, 2013 9:21 am  

Cyprus redraws map

Re: Euro Crisis Revived With Yet Another EU Buggle : Wed Mar 20, 2013 9:26 am  

Lord Elpers wrote:

... The Euro is doomed and is only being kept alive by the EU politicians who don't want to admit their mistakes before they retire or are kicked out...

I think you mean you would like it to be doomed.
EU politicians are busily correcting the mistakes (which IMHO include not having fiscal union at the launch of the Euro).
The markets are still buying Euro, its value against the pound and the dollar are higher now than when it was introduced. (It is down against the Swiss Franc and the Japanese Yen ... but how many currencies aren't?)

Lord Elpers wrote:

... A new political party has been formed in Germany with over 25% support whose aims are to exit from the Euro. They fully support David Camerons ideas to reform the EU too...

Are they clairvoyant?
Cameron hasn't made any real case yet and the things he has managed to mention so far are all business-as-usual topics anyway, highlighted as some sort of tough stance to show the near-sighted Europhobe tendency in his party that he's the man to give Johnny Foreigner a bloody nose.

Lord Elpers wrote:

... The fake accounting was not too important to the EU leaders at the time as they rushed to expand their empire and Germany was too busy negotiating a deal with the Greeks to buy a large number of tanks and submarines which would be funded with the EU grants once their membership was execepted. Cover up.... what cover up!

I agree that Greece should not have been allowed to join the Euro and the expansion of the EU was far too fast, when consolidation of the existing Union should have been the priority (i.e. deeper union before wider union).
I still hold to that view.

You seem to be saying that Greek membership was dependent upon them buying arms from Germany.
That is nonsense.
It's very easy to point at what arms they bought from companies in several other EU member states and come up with a conspiracy ... but Greece bought very expensive aeroplanes from the US, I guess that was just to put us off the scent eh?

Re: Euro Crisis Revived With Yet Another EU Buggle : Wed Mar 20, 2013 9:32 am  

El Barbudo wrote:

... Are they clairvoyant?

Probably no more so than Elpers himself putting two and two together and coming up with six as he leaps to draw conclusions.

Re: Euro Crisis Revived With Yet Another EU Buggle : Wed Mar 20, 2013 9:47 am  

Dally wrote:

Anti-Pickles commentary that I would imagine some on here would agree with:...

If you want to see the effects of rolling-back-the-state, look back at Bradford in the late eighties, early nineties ... a period from which it has yet to recover.
Pickles did that.
Osborne has been doing the same, but on a National scale.
Destruction is easy.

[DaveO]

Re: Euro Crisis Revived With Yet Another EU Buggle : Wed Mar 20, 2013 11:11 am  

Dally wrote: Anti-Pickles commentary that I would imagine some on here would agree with: http://www.standard.co.uk/comment/comme ... 40645.html The interesting thing in that article for me is the assertion that rich foreign nationals contribute very little to the London economy and in fact work against it as they drive property prices up. So instead of being cautious about taxing foreigners who are using London property as a safe haven away from the Eurozone we ought to be going after them and making them pay for the privilege of enjoying the protection our society affords. If they all left as a result we'd lose next to no revenue and the property market would cool.

Dally wrote: Anti-Pickles commentary that I would imagine some on here would agree with: http://www.standard.co.uk/comment/comme ... 40645.html The interesting thing in that article for me is the assertion that rich foreign nationals contribute very little to the London economy and in fact work against it as they drive property prices up. So instead of being cautious about taxing foreigners who are using London property as a safe haven away from the Eurozone we ought to be going after them and making them pay for the privilege of enjoying the protection our society affords. If they all left as a result we'd lose next to no revenue and the property market would cool.

Re: Euro Crisis Revived With Yet Another EU Buggle : Wed Mar 20, 2013 11:19 am  

DaveO wrote:

The interesting thing in that article for me is the assertion that rich foreign nationals contribute very little to the London economy and in fact work against it as they drive property prices up.

So instead of being cautious about taxing foreigners who are using London property as a safe haven away from the Eurozone we ought to be going after them and making them pay for the privilege of enjoying the protection our society affords. If they all left as a result we'd lose next to no revenue and the property market would cool.

Steady on Dave, prices then might allow essential workers to be able to afford to live within an hour or two of where they work ... we can't be having that.
Out of sight, out of mind and all that.

Re: Euro Crisis Revived With Yet Another EU Buggle : Wed Mar 20, 2013 11:40 am  

DaveO wrote:

The interesting thing in that article for me is the assertion that rich foreign nationals contribute very little to the London economy and in fact work against it as they drive property prices up.

So instead of being cautious about taxing foreigners who are using London property as a safe haven away from the Eurozone we ought to be going after them and making them pay for the privilege of enjoying the protection our society affords. If they all left as a result we'd lose next to no revenue and the property market would cool.

[Kosh]

Re: Euro Crisis Revived With Yet Another EU Buggle : Wed Mar 20, 2013 1:35 pm  

DaveO wrote:

IMO given the lax policing of the Eurozone was perpetuated by Germany as much as any country they shouldn't be bullying Cyprus like this and should just accept that having to bail two of its banks out is part of the price Germany has to pay for letting things be so lax in the first place.

Germany isn't bullying anyone. Nobody is forcing Cyprus to borrow this money.

The main reason why Germany - and other 'Northern' EU countries - are expecting the Cypriot government to contribute to the bail-out of it's banking system is that the Cypriot government isn't blameless in the problems the bail-out is intended to fix. They appear to have tried to become the Switzerland of the South.

And the decision to levy ordinary bank depositors did not come from Germany. Or the IMF for that matter.

Re: Euro Crisis Revived With Yet Another EU Buggle : Wed Mar 20, 2013 1:49 pm  

If Cyprus are successful in getting Russia to bail them out could Russia extract a price - like leasing a seaport there and positioning one of its fleets there? Now that would cause consternation throught Europe and North America. Maybe Britain / the US should try to bail them out?

Re: Euro Crisis Revived With Yet Another EU Buggle : Wed Mar 20, 2013 1:52 pm  

Kosh wrote:

Germany isn't bullying anyone ...

Don't try to upset the cultural apple cart.