Astute
Well-Known Member
Annoyed?
The worse thing you have ever said about Juncker and the countless billions he has cost us. What a joke.
Annoyed?Yes. It is. You seem also annoyed by it.
Just an opinion?That is an opinion. There is no rush to leave the Euro because of the disaster that would follow. Also in the article. Some of the article I agree with, other parts I think are too simplistic.
Mainly the idea that Southern Europe became poorer than Northern Europe because of the Euro. It was poorer before the Eurozone. Also, the Euro has brought savings in currency transactions and stability. This must be factored in.
Simply blaming everything on the Euro is not the answer. Putting up suggestions to improve the situation such as transfers to balance out negative effects or appointing an Eurozone Finance minister would be more constructive.
Annoyed?
The worse thing you have ever said about Juncker and the countless billions he has cost us. What a joke.
Just an opinion?
OK not a pro EU opinion. But an honest opinion. Are you saying that your hero Warren Buffett is wrong? As in the link I provided for you?
So which part do you not understand? Currencies go up and down depending on the outlook of the countries that use them. Germany and Greece have the same currency along with other very weak economies. So what makes the Euro go up and down. Is it the strength of Germany or the weakness of Greece and similar?
Yet you say it is just an opinion.
So Buffett says the best thing for the countries in the EU and Euro would be for Germany to leave the Euro. But he also says that it won't happen because Germany benefits from it too much. That is the one suggestion that would work. Otherwise it will be nothing but firefighting to keep the other economies from collapsing.
Just an opinion?
OK not a pro EU opinion. But an honest opinion. Are you saying that your hero Warren Buffett is wrong? As in the link I provided for you?
? Seemed anti Euro to me. A bit over simplified. I have never mentioned Warren Buffett up until now. How do you know whether he is my hero or not? You don’t. You just say things.
I respect what he has achieved and the little I seen or heard about him, shows him to be a relatively decent person ( compared to the likes of Trump, Banks etc ).
So which part do you not understand? Currencies go up and down depending on the outlook of the countries that use them. Germany and Greece have the same currency along with other very weak economies. So what makes the Euro go up and down. Is it the strength of Germany or the weakness of Greece and similar?
Just an opinion?
OK not a pro EU opinion. But an honest opinion. Are you saying that your hero Warren Buffett is wrong? As in the link I provided for you?
So which part do you not understand? Currencies go up and down depending on the outlook of the countries that use them. Germany and Greece have the same currency along with other very weak economies. So what makes the Euro go up and down. Is it the strength of Germany or the weakness of Greece and similar?
Yet you say it is just an opinion.
So Buffett says the best thing for the countries in the EU and Euro would be for Germany to leave the Euro. But he also says that it won't happen because Germany benefits from it too much. That is the one suggestion that would work. Otherwise it will be nothing but firefighting to keep the other economies from collapsing.
How can something against all rules and regulations be right?You keep posting negative things about Juncker. I say, I agree. I say he bent the law to the limit with Selmayr, but it was deemed legal.
Yes, I am annoyed. What else am I expected to do? I can vote for a party of which he was not nominated as candidate by in the EU elections. What will you be doing?
You were delighted when Buffett said we should stay in the EU. Would probably earn him more billions.I missed that about Warren Buffet. Which link was that in? I thought the opinion was by a Guardian staff journalist. I was more in favour of Macron‘s ideas for a solution which he mentioned in the article. I assume Macron knows more about the Euro as he was a Minister in the French government before he became President.
I haven’t read up on Warren Buffet‘s opinions on the Euro.
The pound goes up and down. But as usual you only notice the down part.Why do you think the pound keeps going down? Do you think that the outlook based on Brexit is perceived by investors to be negative? Or do you think investors are backing Brexit as the sensible way forward?
How can something against all rules and regulations be right?
It wasn't a law that was broke. So not illegal. The way Selmayr was put in place was against everything that the EU says. But you saying about laws is also totally wrong. It just shows how much they don't follow their own rules and regulations. Yet he has kept the top job when everyone knows he shouldn't have got it.
The pound goes up and down. But as usual you only notice the down part.
So is the Euro a massive benefit to Germany?
Euro has gone down against the pound, whilst sterling has jumped to $1.30 on the news.
GBP USD News - FXStreet
You were delighted when Buffett said we should stay in the EU. Would probably earn him more billions.
Euro has gone down against the pound, whilst sterling has jumped to $1.30 on the news.
GBP USD News - FXStreet
What question?The Euro is a benefit to Europe as a whole. Now answer the question. Please.
Within what law?The enquiry said it was within the law. Not in the spirit of the law. Law counts above spirit.
What happened to you saying the pound is constantly going down?52 weeks 1.0745-1.1600 now around 1.11
What happened to you saying the pound is constantly going down?
Within what law?
It was against everything rule and regulation that the EU has when voting in someone. But it isn't a law. So no law was broken. They just broke their word.
What question?
And how about answering how is the Euro a benefit to the poorer countries when it is tied to how Germany does as well.
1. I didn’t. 2. It is lower than before Brexit.
It's lower because the BoE lowered interest rates after Brexit when they said beforehand that interest rates would have to rise because of Brexit.
Brexit itself had no effect on the value of the Pound, one way
or the other.
1. I didn’t. 2. It is lower than before Brexit.
Why do you think the pound keeps going down? Do you think that the outlook based on Brexit is perceived by investors to be negative? Or do you think investors are backing Brexit as the sensible way forward?
Top post on this page. And done this morning.1. I didn’t. 2. It is lower than before Brexit.
Should have been an election. And he wasn't allowed to apply as he didn't have a position already that allowed him to go for the post. They named two people who were going to be voted for. Then instantly the other one pulled out.It was an appointment not an election. There was no voting. Thereshould have been other candidates and the job should have been better advertised. Not law, but good practice.
Alright Mart. So countries that are poor benefit from a currency much stronger than they would have if it was down to how they are doing with their own currency. And Germany doesn't benefit from a currency that is much weaker than they would have if they had their own currency.Which countries? How do you judge benefits? I remember Italy saying they would have the advantage of knowing how much their costs were and could calculate their price/ profit better without having to buy and sell currencies in advance. This saves costs. Internal Euro transfers cost the same as inland transfers. Greece was poorer and lived beyond it’s means until the crash in 2008. no one was complaining then. Undoubtedly things should be improved. Macron is right with his ideas. Especially the transfer between rich and poor states. As happens in Germany. And with a finance minister and closer fiscal policies.
Top post on this page. And done this morning.
Alright Mart. So countries that are poor benefit from a currency much stronger than they would have if it was down to how they are doing with their own currency. And Germany doesn't benefit from a currency that is much weaker than they would have if they had their own currency.
And you know more than Warren Buffett with finances :smuggrin:
Here we go again.Not true. The Daily Mail claims that the pound has soared because of Barnier saying we will get a great deal. Went down when May said no deal won’t be the end of the world.
Should have been an election. And he wasn't allowed to apply as he didn't have a position already that allowed him to go for the post. They named two people who were going to be voted for. Then instantly the other one pulled out.
But you know this.
Alright Mart. So countries that are poor benefit from a currency much stronger than they would have if it was down to how they are doing with their own currency. And Germany doesn't benefit from a currency that is much weaker than they would have if they had their own currency.
And you know more than Warren Buffett with finances :smuggrin:
It’s idiotic. The ability to devalue currency is a weapon every country wants to exploit in times of economic downturn.
Here we go again.
You come out with what sort of rag the Mail is and say it shouldn't be used. But then you quote it.
Yes. The United States, The Russian Federation and the Eurozone for example.
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