End of the Euro?

[youngmafbog]

50 bn wiped of the ftse due to fears over european debt. Now we find it is not only the PIgS but other euro nations. Surley this one size fits all has ti go.
And we should get out now before they come after us for more.

[Gromit]

The Euro will survive, but it has changed from the original concept of the currency. The world needs an alternative to the Dollar, and the Euro fits that bill, although, like the Dollar it is going through a rough patch.

We maybe need to replace the European Central Bank as it suffers from impotence due to conflict of interests. It is not performing like the Bundesbank used to, and it needs to.

There will be some countries that will eventually leave the Euro, but not yet. If the Euro hadn't have been introduced, all those countries in trouble would be in exactly the same position. Obviously, Britain staying out of the EuroZone remains the best position for us at the moment.

[Hopkirk]

UKIP were right then.

[Gromit]

Hopkirk

No, Gordon Brown was right - He kept us out of the EuroZone.

[anotheoldgit]

Unlike optimistic Gromit there have been many financial experts forecasting that the Euro has past it's 'sell by date', and it's days are numbered.

How we managed to keep out from joining it I just do not know, we are generally in the forefront to latch on to lost causes.

All the talk at the beginning about how it would be better for us not to have to change currencies when on holiday, puts it all into insignificance now.

But even though we are not lumbered with the Euro it is still going to cost us big time in the long run.

There can only be one thing to do, and that is to get out of the crazy idea of the so called all powerful European Union experiment.

[Old_Geezer]

Surely not just European dept fears, the US is having problems too.

No, splitting the Euro into different currencies for different countries is a sensible option, so it will be avoided no matter what the cost by those with a dream, and who will do anything to try to achieve it.

[Gromit]

AOG

The Euro is not the currency it meant to be, but the idea still has some merit. It was never meant to aid holiday money, that was used of an example to show how it would simply big business trade within Europe.

Whether we were in or out of the European Union we would still have a problem. UK banks have billions tied up in these countries, and if they don't get paid, the British taxpayer could end up bailing them out again.

[venator]

Another vote for getting us out of Europe!

The call for fiscal union is getting closer - ie. all EU countries' tax & budgets set by Brussels. That's what "ever closer union" meant in the original treaty...

Watch this space.

[kinell]

the erroneous euro note clearly would and will never work....

it favours the rich..nothing wrong with that as wealth never falls out of a christmas cracker you have to work for it (in general)..

lets use the banana as a sub currency....

you could go to say greece and buy 500 bananas for 50 euros....

and then nip across to germany and sell them for 200 euros....

you make a quick 150 euros which will buy you lots when you get back to greece...but a euro is still a euro and a banana is still a banana...