Is the Euro experiment about to collapse...?

Money, investing, mutuals etc
Boro Boy
Posts: 3276
Joined: Mon Sep 15, 2014 5:05 pm
Location: London
Has thanked: 893 times
Been thanked: 1796 times
Contact:

Is the Euro experiment about to collapse...?

Post by Boro Boy » Tue May 22, 2018 10:56 pm

If Italy collapses it will be too big to save my the ECB: https://www.msn.com/en-gb/money/news/ma ... ?li=AA54rU :o
Thanked by: blythburgh

macliam
Posts: 7522
Joined: Thu Jul 18, 2013 11:26 am
Location: By the Deben, Suffolk
Has thanked: 1330 times
Been thanked: 6427 times
Contact:

Re: Is the Euro experiment about to collapse...?

Post by macliam » Tue May 22, 2018 11:16 pm

No - no matter how hard you wish it.

In 6 months time there will be another government in Italy. It was ever thus.
Thanked by: kevinchess1, blythburgh
Just because I'm paranoid, it doesn't mean they're not out to get me

Boro Boy
Posts: 3276
Joined: Mon Sep 15, 2014 5:05 pm
Location: London
Has thanked: 893 times
Been thanked: 1796 times
Contact:

Re: Is the Euro experiment about to collapse...?

Post by Boro Boy » Tue May 22, 2018 11:27 pm

"Since you left Milan, the public debt has risen by €115 million" an advert on the Milan underground letting commuters know the countries over night financial situation....


The current coalition Government is promising €Billions in more public spending and tax cuts (!) so they can stay in power - sound to me as if it is a recipe for disaster... :wtf:

https://www.msn.com/en-gb/money/news/wh ... ar-AAxsMLF
Thanked by: blythburgh

macliam
Posts: 7522
Joined: Thu Jul 18, 2013 11:26 am
Location: By the Deben, Suffolk
Has thanked: 1330 times
Been thanked: 6427 times
Contact:

Re: Is the Euro experiment about to collapse...?

Post by macliam » Tue May 22, 2018 11:48 pm

Sounds to me like you're desperate for something to make Brexit seem less of a disaster!
Just because I'm paranoid, it doesn't mean they're not out to get me

pabenny
Posts: 958
Joined: Tue Jun 29, 2010 4:21 pm
Has thanked: 335 times
Been thanked: 998 times
Contact:

Re: Is the Euro experiment about to collapse...?

Post by pabenny » Wed May 23, 2018 6:17 am

Another attempt to make the pro-Brexit or anti-EU case based on flimsy arguments or unsupported assertions.

I'm happy to participate in a reasoned and informed debate on either subject. On past form the OP is only interested in rehearsing his opinions and prejudices.

I'm out.

kevinchess1
Posts: 21695
Joined: Mon Jun 28, 2010 10:02 pm
Sharing: 5stars.png
Location: Miles away from the sea
Has thanked: 12160 times
Been thanked: 15519 times
Contact:

Re: Is the Euro experiment about to collapse...?

Post by kevinchess1 » Wed May 23, 2018 6:51 am

Boro Boy wrote:If Italy collapses it will be too big to save my the ECB: https://www.msn.com/en-gb/money/news/ma ... ?li=AA54rU :o

I don't understand
What's the England Cricket Board got to do with it?
Thanked by: blythburgh
Politically incorrect since 69

Chadwick
Posts: 1443
Joined: Mon Jul 05, 2010 3:21 pm
Has thanked: 693 times
Been thanked: 1847 times
Contact:

Re: Is the Euro experiment about to collapse...?

Post by Chadwick » Wed May 23, 2018 7:47 am

kevinchess1 wrote:
Boro Boy wrote:If Italy collapses it will be too big to save my the ECB: https://www.msn.com/en-gb/money/news/ma ... ?li=AA54rU :o
I don't understand
What's the England Cricket Board got to do with it?
They've as good a chance as anyone of reforming the Italian political system.
Thanked by: kevinchess1

Chadwick
Posts: 1443
Joined: Mon Jul 05, 2010 3:21 pm
Has thanked: 693 times
Been thanked: 1847 times
Contact:

Re: Is the Euro experiment about to collapse...?

Post by Chadwick » Wed May 23, 2018 8:40 am

Boro Boy wrote:"Since you left Milan, the public debt has risen by €115 million" an advert on the Milan underground letting commuters know the countries over night financial situation....


The current coalition Government is promising €Billions in more public spending and tax cuts (!) so they can stay in power - sound to me as if it is a recipe for disaster... :wtf:

https://www.msn.com/en-gb/money/news/wh ... ar-AAxsMLF
Italian governments come and go with erratic frequency, mostly falling before 3 years. Those that last longer often attract accusations of Mafia involvement or other nefarious activity. With such inherent instability, it is not surprising that Italian politics and economics tend to take a short term view of the future.

To some extent the country is still a patchwork or local kingdoms, with a strong economic bias towards the north of the country. Arguably it is only events like Italian Unification, and the establishment of the EC and EU that have provided a stabilising framework in which Italy can settle - and this is very much a work in progress.

And yet somehow Italy staggers on from crisis to crisis, with its leaders variously dodging or falling victim to each new trouble, and beneath it all, the 'informal economy' keeps the wheels turning. This latest fiscal policy may be a recipe for disaster, but so were plenty before. Italy will muddle on regardless.

I'm not sure why you call the euro an experiment. What is it trying to prove, 18 years after it's inception? The 'experiments' or theoretical testing took place before it was introduced.

Boro Boy
Posts: 3276
Joined: Mon Sep 15, 2014 5:05 pm
Location: London
Has thanked: 893 times
Been thanked: 1796 times
Contact:

Re: Is the Euro experiment about to collapse...?

Post by Boro Boy » Wed May 23, 2018 9:59 am

kevinchess1 wrote:
Boro Boy wrote:If Italy collapses it will be too big to save my the ECB: https://www.msn.com/en-gb/money/news/ma ... ?li=AA54rU :o

I don't understand
What's the England Cricket Board got to do with it?

Well they will be hit for 6 but in this case ECB = European Central Bank

parchedpeas
Posts: 283
Joined: Tue Jun 29, 2010 12:34 pm
Has thanked: 167 times
Been thanked: 319 times
Contact:

Re: Is the Euro experiment about to collapse...?

Post by parchedpeas » Wed May 23, 2018 10:03 am

Euro up against the Pound this morning.

New thread needed: IS THE POUND GOING TO COLLAPSE AND IF IT DOES, WHAT WOULD CHURCHILL HAVE DONE?

Post Reply

Who is online

Users browsing this forum: Google [Bot] and 1 guest