Well according to you, we're all fucked then. not much in it.
The EU: In, out, shake it all about.... (107 Viewers)
- Thread starter jimmyhillsfanclub
- Start date
Well according to you, we're all fucked then. not much in it.
mrtrench
Well-Known Member
Muni's are also usually fixed interest. Floating rate bonds are usually issued by corporates.
They paying back debt and getting new debt at virtually no cost. What sort they are paying back or not renewing/ issuing, I don't know.
Just read reports about how it is helping municipalities.
dutchman
Well-Known Member
A slight correction, the european central bank's refinancing rate is 0.00% but the rate for deposits is -0.4%.
At least one German retail bank is also charging customers 0.4% on deposits.
Kingokings204
Well-Known Member
Unfortunately a lot of eu politicians don't get the bond market and up to date 4 countries is it have had bailout funds?
Ireland, Greece, Spain and Portugal.
Italy are crying out to be bailed out. When the bond rates go over 7% I think it is basically that's the cut off point at which a country is fucked and the bail out money comes. The problem then is the money doesn't come from no where it comes from other countries and then the country being bailed out has to lend more money to pay the interest off. It's just economical suicide basically but they don't have a choice whilst in the euro so it's like an economic prison essentially. The euro you could argue was designed to fail as no one could seriously believe it would work for 17 countries with massively different situations.
Britain best ever decision was staying out of this mess called the euro and we were a square peg in a round hole. Not part of schegen and euro the two trademarks of eu membership. The truth is we've never fitted in. You are either in it or not.
I know we don't live there but Greece is basically being turned into a third world country with poor people and living standards. UnEmployment is through the roof. There is little hope unless they let the banks go bust and start again. It's the only way out. It would be a disaster to let the banks crash but the alternative of keep borrowing and borrowing is much worse. Didn't Iceland lets their banks go bust and start again and now are doing very well?
Ireland, Greece, Spain and Portugal.
Italy are crying out to be bailed out. When the bond rates go over 7% I think it is basically that's the cut off point at which a country is fucked and the bail out money comes. The problem then is the money doesn't come from no where it comes from other countries and then the country being bailed out has to lend more money to pay the interest off. It's just economical suicide basically but they don't have a choice whilst in the euro so it's like an economic prison essentially. The euro you could argue was designed to fail as no one could seriously believe it would work for 17 countries with massively different situations.
Britain best ever decision was staying out of this mess called the euro and we were a square peg in a round hole. Not part of schegen and euro the two trademarks of eu membership. The truth is we've never fitted in. You are either in it or not.
I know we don't live there but Greece is basically being turned into a third world country with poor people and living standards. UnEmployment is through the roof. There is little hope unless they let the banks go bust and start again. It's the only way out. It would be a disaster to let the banks crash but the alternative of keep borrowing and borrowing is much worse. Didn't Iceland lets their banks go bust and start again and now are doing very well?
Last edited:
Sick Boy
Super Moderator
Made me laugh when she claimed the Scots had tunnel vision over independence. I'm sure all Brexiteers will fully support those Scots going for independence in their quest to take back control.
Grendel
Well-Known Member
Yes of course - it's their democratic right. I hope they get what they deserve. I'm sure the federalist machine will offer its full support in the process.
ccfc92
Well-Known Member
Depends on the circumstances of their "Independence".
If it's a clean break, I fully support them. If it's still leaching on to the UK, then what's the point?
Kingokings204
Well-Known Member
Yes I do. I Fully support them.
scubasteve
Well-Known Member
I fully support their decision one way or the other. The ironic thing is the snp want to leave the UK to get the independence and take back control but also want to re join the EU and hand control to them.
my mortgage is 2% fixed for 10 years. How does that compare with the UK?
dutchman
Well-Known Member
Quite favourably, 10-year fixed-rate mortgages start at around 3% here.
How much is your health and care-cost insurance?
mrtrench
Well-Known Member
I'm surprised that you are making this point, as it emphasises the relatively poor expectations of the Eurozone economy over the next 10 years compared to the UK. Fixed rate loan rates are calculated from the swaps market, which 'averages' expected rates over the next 10 years. Rates rise when an economy is doing well and fall when it is doing badly.
Germany's economy is doing great, but interest rates are low. Yes, the Eurozone is picking up and interest rates are expected to rise. I expect the bank has hedged itself by having cheap money for the period.
The point was made by Dutchmn that low interest rates were bad - I was just saying that for me it isn't.
mrtrench
Well-Known Member
This is my earlier point. When an economy is growing well it needs higher interest rates to avoid a bubble. If Germany had its own currency they wouldn't be low. But Greece needs low interest rates.
jimmyhillsfanclub
Well-Known Member
What's a mortgage? 
ompus:
ompus:scubasteve
Well-Known Member
yep and on the current rules they would struggle to get in. Also be interesting to see how they will manage the economy, as before they were going to rely heavy on the north sea oil and its rising value which has never materialised. In fact it was proven they would be in massive financial problems and seen massive cuts in the public sector had they voted to leave the UK. so it does make me laugh when you hear Nicola sturgeon talks about austerity, as if the snp had got their way in the referendum last time that's exactly what they would have now.
We are on our way to a housing bubble. The refugees have posponed that by needing housing.
mrtrench
Well-Known Member
Can you explain more? Intuitively low interest rates would cause a bubble and increasing demand would make it worse.
dutchman
Well-Known Member
There are many reasons for that. Germans are a nation of savers rather than borrowers, they prefer to rent their homes rather than buy and pay cash for goods rather than rely on credit. I'm sure they would rather have higher interest on their savings than lower interest on mortgages and credit.
That is true. But, they have the option of investing their money in property or buying things. The trend is towards buying property if you have a good income. Problem there is that the housing boom is largely in the up market bracket. Cheap housing doesn't bring much money in. People are buying up run down property in Berlin to turn into upmarket flats, and throwing existing tenants out - where it is possible. All hoping that the prices keep going up. Higher interest would put a spanner in the works for them.
SIR ERNIE
Well-Known Member
Wrong again. The PM said that the SNP had tunnel vision, not the Scots.
The Scots will vote to stay within the UK.
Grendel
Well-Known Member
A question for you.
If some regions of Scotland vote to stay in the uk but the total vote goes 51% in favour of leaving - should those areas be allowed to remain in the UK?
The Highlands and Islands for example?
ccfc92
Well-Known Member
Heard quite an interesting debate on radio 2 today. Jeremy Vine I think it was, saying that either way Scotland are leaving the EU due to the timing of everything with Brexit and Scottish referendum.
Just a quick question, why didn't Sturgeon resign/get the boot after losing the first Scottish referendum?
Just a quick question, why didn't Sturgeon resign/get the boot after losing the first Scottish referendum?
lifeskyblue
Well-Known Member
ccfc92
Well-Known Member
Be interesting to she what she does if the results the same this time.
Kingokings204
Well-Known Member
She would have to resign immediately. No questions
Kingokings204
Well-Known Member
What about all the leave voters in Scotland as there were 38% of people wanted to leave the eu which is over a million votes? Do we not listen to them?
Interestingly only 1.6m voted for remain in Scotland so a difference of just 600k. Over double that won for leave in the whole referendum it's worth noting. So maybe the gap isn't as big in Scotland as they would like you to think.
mrtrench
Well-Known Member
Should people younger than 23 stay in the eu and only people older leave? Has anyone any stats on the average height of those who voted each way in the referendum? Perhaps tall people leave and shorties remain?
Yes, but I meant postponing it bursting. It will burst when things have settled down and the refugees have either gone home, or have got their accomodation sorted.
People are building like mad in the major cities, sooner or later the market will be satisified. Except maybe for cheap housing. The state should start building state housing, but they are not doing enough. So I think the expensive housing will burst first if interest rates rise. The refugees will still be on the first rung of the ladder, so there will still be demand for cheaper properes and one room flats.
We should listen to the 38% leavers, but you don't want to listen to the 48% remainers in the UK. They have to move on because it is democracy.
Good here isn't it?
D
Deleted member 5849
Guest
tbf, I assumed he was joking...