Germans reject PIGS notes

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This topic contains 2 replies, has 2 voices, and was last updated by Profile photo of Anonymous Anonymous 8 years, 5 months ago.

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  • #54073
    Profile photo of Anonymous
    Anonymous
    Participant

    I have just seem this article by the telegraph:

    Germans are rejecting PIGS (Portugal, Italy, Greece and Spain) notes dure to a lack of confidence in these countries:

    http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/06/13/cneuro113.xml

    Probably the UK media is trying to recover the pound?

  • #84247
    Profile photo of Anonymous
    Anonymous
    Participant

    An interesting article Peter.

    “People clearly suspect that southern notes may lose value in a crisis, or if the eurozone breaks apart. This is what happened in the US in the Jackson era of the 1840s when dollar notes from different regions traded at different values”.

    Surely if this sentiment esculates it could cause chaos for the Euro/Eurozone.

  • #84063
    Profile photo of Anonymous
    Anonymous
    Participant

    An interesting article Peter.

    “People clearly suspect that southern notes may lose value in a crisis, or if the eurozone breaks apart. This is what happened in the US in the Jackson era of the 1840s when dollar notes from different regions traded at different values”.

    Surely if this sentiment esculates it could cause chaos for the Euro/Eurozone.

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