italy to fall

[a1ex2001]

France will rule the world, trust me, they want it so bad.

You couldn't be more wrong France is horribly exposed to Greek Debt.

Actually from what i read they think france will be next to go. Basically germany are the powerhouses.

This totally Germany have always said they wanted total fiscal union for the Eurozone and it looks like this crisis will give it to them on there terms. There doesn't need to be another war as Germany will run the European currency and all the economies in it therefore pretty much ruling Europe without firing a shot in fact the people of Europe will be greatful to them for it!

 

[Uther]

In the Mail today (yeah I know ) its saying Italys debts accounts for 25% of Euro debt, and £1.6 trillion! Is that true?

 

[rz30]

In the Mail today (yeah I know ) its saying Italys debts accounts for 25% of Euro debt, and £1.6 trillion! Is that true?

Sounds right as i read they were talking about a £500-800B bailout, they can still have debt but not as much as they have.

 

[antijoke]

There doesn't need to be another war as Germany will run the European currency and all the economies in it therefore pretty much ruling Europe without firing a shot in fact the people of Europe will be greatful to them for it!

Did you just tag that end bit on to quote Gladiator?

 

[Doggie2k]

So by the looks of it england and germany will battle it out on the corporate front for years to come.

Find it hard to imagine a war would come out of it, the young germans wouldnt have it for starters.

 

[George Hincapie]

Would it not be slightly bothersome that a huge percentage of our trade is with EU countries?

I've heard this argument before, and I don't buy it. Trade with the EU will continue, that won't change. What currency they use to pay for their imports is another matter of course...

 

[Andy]

I've heard this argument before, and I don't buy it. Trade with the EU will continue, that won't change. What currency they use to pay for their imports is another matter of course...

They can pay with any currency they like aslong as it has a value! And why import from the UK if everything we sell costs an arm and a leg?

 

[ubersonic]

So by the looks of it england and germany will battle it out on the corporate front for years to come.

Lol, well there goes England ^^

Germany are the economic powerhouse of Europe which considering they were practically bankrupt less than 30 years ago is pretty damn impressive.

 

[Maccy]

I don't really understand how this will affect us, if I'm honest. Surely the fact that we're still using the pound means that our currency will be stronger against the euro? Or have I completely misunderstood?

 

[badcompany]

So by the looks of it england and germany will battle it out on the corporate front for years to come.

Find it hard to imagine a war would come out of it, the young germans wouldnt have it for starters.

Let them experience real hardship then we shall see.

 

[George Hincapie]

They can pay with any currency they like aslong as it has a value! And why import from the UK if everything we sell costs an arm and a leg?

The cost of the import is obviously based upon the relative strengths of each currency at that time. In this case, the uncertainty as to whether this 'European Experiment' is going to fail can only weaken the Euro and strengthen Sterling, making it more expensive for Euro countries to import, not only from us, but all other countries as well.

 

[George Hincapie]

Let them experience real hardship then we shall see.

That's how Hitler got in to power. It's a dangerous road TBH.

 

[jas72]

stuff world should write off debt.

Problem will be when everyone finally borrows from China then doesn't pay up what will china do?

 

[George Hincapie]

I don't really understand how this will affect us, if I'm honest. Surely the fact that we're still using the pound means that our currency will be stronger against the euro? Or have I completely misunderstood?

No, that's right.

Sterling being stronger hurts our exports, because it costs foreign customers more to buy what we're selling. But, if you were to go to the Continent on holiday, you'd benefit because your buying power is stronger.

 

[jas72]

I don't really understand how this will affect us, if I'm honest. Surely the fact that we're still using the pound means that our currency will be stronger against the euro? Or have I completely misunderstood?

Yes so what you going to sell then since 85% of exports are to europe but your products will be too expensive to buy...

 

[jas72]

As long as the bust can hang on for four more months.

My mortgage will be paid off then !!

Well Thatcher did teach us to live by "**** you Jack I'm alright"

Yes that was really what the Tories said in the 80s I grew up then and really do have that attitude as well as loads of others in the 35-40 bracket...

We grew up knowing the government won't support us so we have to make it our own way...

 

[badcompany]

I dont want to start any rumours but their steel imports are up 500% and despite all their heave manafacturing plants running 24/7 they have almost 0 exports....

3rd time lucky maybe?

Source? Sounds interesting.

 

[Xiler]

I don't really understand how this will affect us, if I'm honest. Surely the fact that we're still using the pound means that our currency will be stronger against the euro? Or have I completely misunderstood?

If i remember right 35-40% of our exports are with European countries. If they have no money then thats you can pretty much write that off our exports.

Our exposure to the European debt is also significant as it would likely hamper growth and trigger another recession.

 

[Vita]

Makes me wonder, is this why there's a new war-game every year? Preparing us!

 

[arknor]

I dont want to start any rumours but their steel imports are up 500% and despite all their heave manafacturing plants running 24/7 they have almost 0 exports....

3rd time lucky maybe?

no modern country is stupid enough to start a war in europe as its suicide