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Lykos

11-10-2011 04:58 AM

Germany and France 'discussing' radical overhaul of EU???

http://www.bbc.co.uk/news/world-europe-15671720

Would that be good for EU ppl?So we can get more out of $$$ we are all making?
I remember the good old days when 1$ was 2,2 deutsch marks worth,good old days:)

What do you guys think?

sponsorpimp

11-10-2011 05:13 AM

I believe EU member counties that have not adopted the Euro thus far are also in talks as they are concerned the EU will stop sending needed funds in the future unless they adopt the Euro as their currency...

VenzuelanChick

11-10-2011 06:28 AM

I dont think it would be good for EU people, it would be so expensive to implement and to fix and all that extra$$$ would go right straight to the Tax man.

u-Bob

11-10-2011 06:57 AM

All plans and proposals that have come out of those EU summits so far have been more of the same old shit that caused the problem in the first place but repackaged and with a different colored ribbon wrapped around it.

u-Bob

11-10-2011 06:59 AM

http://mises.org/daily/5798/Will-the...x-the-Eurozone

Quote:

Summary and Conclusion

Last week European leaders secured an agreement for eurozone banks to take a 50 percent loss on the face value of their Greek debt. The leaders also formulated a plan for the recapitalization of banks. Also, policy makers have agreed to expand the emergency bailout fund to $1.4 trillion from $610 billion. We suggest that what is required to fix the eurozone is not just strengthening banks' capital bases but strengthening the capital base of the eurozone as a whole. Policy makers insist that the banks' recapitalization must take place without a process of deleveraging, which they view as bad for the economy. This means that the authorities will aggressively counter any side effects of deleveraging, such as a credit crunch or economic slump. We suggest that, on the contrary, deleveraging is necessary to clean up the system and lay the foundations for solid economic expansion. In fact, any policy aimed at countering the deleveraging process will only make things much worse.

femdomdestiny

11-10-2011 07:01 AM

It means only one thing: Buy US dollars ! Soon, we will see german mark available again, but there will be no enough of it, so only stable solution is US dollar.

MaDalton

11-10-2011 07:04 AM

i like the EU, i like the Euro - and i want to keep both. but some countries need to learn that they have to play by the rules

VenzuelanChick

11-10-2011 07:09 AM

Quote:

Originally Posted by u-Bob (Post 18549638)

I know every time they have another one they come out of it totally serious and say something like Ok you guys we almost have a plan to get together and plan something...

So sick of it, but I guess the only thing worst that dealing with one country´s politians with their different agendas, is putting a lot of them together and expecting them to get something done that can actuially befefit all of us.

VenzuelanChick

11-10-2011 07:14 AM

Quote:

Originally Posted by femdomdestiny (Post 18549653)

It means only one thing: Buy US dollars ! Soon, we will see german mark available again, but there will be no enough of it, so only stable solution is US dollar.

Please tell me that was your joke of the day.

What I love the most about the dollar is how cheap it is and how it doesnt really compete with the ? or the £, thats been the case for over a decade and personally I dont see it changing anytime soon.

IllTestYourGirls

11-10-2011 12:26 PM

Quote:

Originally Posted by MaDalton (Post 18549662)

i like the EU, i like the Euro - and i want to keep both. but some countries need to learn that they have to play by the rules

Or what? And what rules?

jackblacklt

11-10-2011 12:42 PM

Don't think EURO will vanish anytime soon. Germany will not drop it nor France nor any other country. Everyone will suffer...no, it will not disappear anytime soon. Just a little bit closer to $ but that's all...:)

Klen	11-10-2011 12:47 PM

I really dont understood why they even bother to save all those problematic countries with EUR as currencies.It's like you accept someone to club,he start to stealing your properties,and instead kicking him out you give him money to reduce his stealing.Also,if they were able to make procedure of rules to enter into EUR zone,then why the fuck they cant apply same rules by checking economy of each member per year basis ?You dont follow rules,you got kicked,very simple.

MaDalton

11-10-2011 01:01 PM

Quote:

Originally Posted by IllTestYourGirls (Post 18550651)

Or what? And what rules?

just look at what is happening in Greece and Italy right now - thats what i mean

pornmasta

11-10-2011 01:21 PM

Quote:

Originally Posted by MaDalton (Post 18549662)

i like the EU, i like the Euro - and i want to keep both. but some countries need to learn that they have to play by the rules

yes i agree

mafia_man

11-10-2011 02:13 PM

Quote:

Originally Posted by MaDalton (Post 18549662)

i like the EU, i like the Euro - and i want to keep both. but some countries need to learn that they have to play by the rules

Well Eastern European countries such as the Czech Republic have worked hard to follow the rules whilst Greece and Italy have held up two fingers spending themselves into huge deficits.

Italy is the Eurozone's third largest economy as well as being the joke of the EU threatening to dismantle the whole system.

Germany and France have discussed dissolving the EU if Italy needs to be bailed out.

The rule was...no bailouts. Now they went back on that, the system will fall.

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