Should we join the Euro

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This topic contains 35 replies, has 14 voices, and was last updated by Profile photo of Anonymous Anonymous 7 years, 10 months ago.

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  • #54631
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    Anonymous
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    Just wondered how many members think the UK should go into the Euro?

    if you think we should, at what rate? and why?

    As an aside, how do you think the current ecconomic situation would have played out had we been part of the Euro?

  • #89067
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    The concensus is that the UK would have had a bigger Boom and a far bigger Bust than we already have. The exchange rate, though it is torture for Gbp earners in Euroland will help UK back on track but this time not as quickly as there is a worldwide recession no one buying anything at any price.

  • #89068
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  • #89073
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    Agree with Jeff Randell, fully:

    There was long protracted period when all this was being discussed. People who were against it as they did not want to replace the Queen head i.e. for nostalgia, or political reasons, the remaining were for economic reasons and not to mention the bloody minded ones.

    I, have been in the economic camp, as far I was concern you could put Micky Mouse;s head on the £, all that mattered was what it bought & what it was worth.

    To place PIGS, economies in the same basket as Northern Europe did not make sense & besides how long it would have taken for them to equalise. The British economy is so very different & more in bed with the US economy.

    For people, who for political reasons did not wanted to governed by Brussels & preferred to being governed by Washington, can now see very clearly, whats is the present score.

  • #89075
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    @mark wrote:

    You may wish to read this article, and the comments at the bottom, before you vote:
    http://www.telegraph.co.uk/finance/comment/jeffrandall/4177828/Staying-out-of-the-euro-has-spared-us-a-Spanish-style-catastrophe.html

    Mark

    “The speed of descent, from fiesta into crisis, has shocked the country’s political class and commentariat. Inflation has dropped from 5.3 per cent to 1.5 per cent since the summer. According to the newspaper El Pais: “This situation was impensable [unthinkable] in July”.”

    Almost all the posters on this forums (and many, many , many others) predicted long before July that the situation in Spain would become extremely bad and yet prestigious newspapaers like El Pais are only smelling the coffee now.

    Are those journalists really stupid or they just pretended to be unaware of the crude reality?

    I voted Yes for joining the Euros only because I am fed up of losing money when I change Pounds to Euros or Euros to Pounds.

  • #89076
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    Melosine
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    It is bad enough losing most of our identity without changing our money as well.
    Being “united” is only as strong as it’s weakest link.
    So would rather the GBP fail for it’s own economic reasons ,where at least the voters eventually have a chance to redress problems, than be dragged down by another country..especially one that is corrupt to the core.
    Anyway rate is rising. 1.1175 a few moments ago 🙂 .

  • #89077
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    Flosmicheal
    You posted
    I voted Yes for joining the Euros only because I am fed up of losing money when I change Pounds to Euros or Euros to Pounds.

    “Yer joking here 😕

    Well lets see what the H.S.B.C say in 12 months with a predicted 25% unemployment in Spain.
    Lets see what they say when its bail out time for the P.I.G.S.
    Toys will start to be thrown out of the pram and some will want their ball back soon.
    Think it will come to grief for many reasons and even on one small issue is Brits not playing in the Euro Zones and wont until it becomes value again.
    Dont need Banks to tell what is obvious as if they new what they were doing then perhaps we wouldnt have such a mess anyway.
    Yep Gordon did a good job but there again the otherside would have done the same.
    Think the value of the Pound dived when with these massive problems we have the ground breaking solution to cut V.A.T by 2.5% 😯
    Oh yeh and we have to pay it back later. 😕
    Currency is of course based on confidence and thats that decision scared the crap out of me so what for the rest of the worlds economists.
    Still suppose I shouldnt moan I just save 2 p on a coffee 😆
    Trouble with that its an I.O.U and somehoe think that the 2p will be 5p when it comes to payback time.
    If Shakeel is right and we are more inline with America then good ole Barraka may help.
    Lets face it were all guessing really as a week or two is a long time in these troubled times.

    Just Frank 8)

  • #89084
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    Best to get through one day at a time, me thinks. I voted NO to the Euro. Another poll idea: Have we as a country benefited in any way by being part of the EU?

  • #89090
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    Surely the post should be entitled “Should the UK join the Euro?”

    When I read the title I immediately thought “Spain is already in the Euro”. It is, after all, a Spanish Property website.

  • #89091
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    Presumably the title would have been written in Spanish if it was referring to Spain!

  • #89092
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    Anonymous
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    NO

  • #89093
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    Anonymous
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    Precisely my point! 😉

  • #89094
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    It would be a pretty stupid thing to ask “should we join the Euro” if i were referring to Spain.
    I think i read somewhere that they had already joined, quite some time ago.

    the fact that this is a “Spanish property forum” does not exclude Spanish property owners who don’t live in Spain, does it?
    surely then it would be called a “Spanish residents forum”

    The exchange rate affects British owners of Spanish property, who live outside Spain more than those who live in Spain (with the exception of those who rely on UK pensions and sterling wages)

  • #89131
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    mike
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    From the article:

    Dinner for three in a modest pizza joint came to £75. One must assume that hoteliers from Morecambe to Margate are cheering wildly.

    Even at €1.50 to the pound that is an expensive “modest pizza joint”. My local pizza joint used to charge €7, €1 for a bottle of cruzcampo.

    @chilly wrote:

    As an aside, how do you think the current ecconomic situation would have played out had we been part of the Euro?

    The credit bubble was worldwide so I don’t think it mattered. What astounds me is that I still meet people in the UK who tell me that it will all be sorted out by the spring. Of course, these people need it to be sorted by the spring, when that doesn’t happen I think a lot of people will throw in the towel.

  • #89132
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    Of course, these people need it to be sorted by the spring,”

    How do you intend to sort them out by Spring. I suggest you send the boys in.

  • #89136
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    mike
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    @shakeel wrote:

    Of course, these people need it to be sorted by the spring,”

    How do you intend to sort them out by Spring. I suggest you send the boys in.

    Part of the reason I didn’t go to France is that I think that there will be opportunities in the UK come the summer. Around my way there are a lot of BTL properties owned by people who have never seen them and the sums don’t add up. I reckon they will be sorted in a few months but they may not like it.

    p.s. http://www.telegraph.co.uk/finance/4224453/SandP-threatens-to-strip-Spain-of-top-AAA-rating.html

  • #89137
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    @mike wrote:

    @shakeel wrote:
    Of course, these people need it to be sorted by the spring,”

    How do you intend to sort them out by Spring. I suggest you send the boys in.

    Part of the reason I didn’t go to France is that I think that there will be opportunities in the UK come the summer. Around my way there are a lot of BTL properties owned by people who have never seen them and the sums don’t add up. I reckon they will be sorted in a few months but they may not like it.

    p.s. http://www.telegraph.co.uk/finance/4224453/SandP-threatens-to-strip-Spain-of-top-AAA-rating.html

    Does anybody know what interest does Ambrose Evans-Pritchard have in continously discussing about a Spanish total crash? I am not saying that I do not agree with him , but 50% of his articles are adressing Spanish problems.

    Was he conned by some agent/developer in Spain? Is he a member of this forum?

  • #89141
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    It’s purely political. He is a anti-European union, anti-Euro zone Tory. Fervently interested in the failure of both institutions.

  • #89147
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    @DITTER wrote:

    It’s purely political. He is a anti-European union, anti-Euro zone Tory. Fervently interested in the failure of both institutions.

    But why does not have he talk about Italy, Greece, Romania or Lituania?

    They all in the same deep doo-doo as Spain is…

  • #89149
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    Simple
    More Brits are interested in Spain and therefore thats what the media want as bad news sells newspapers and news.
    Lituania enconomy crash somehow doesnt have the same ring the Spains crash if it hits the headlines.
    For the same reason that when reporting dire news about Spain more often than not its about Marbella.
    Corruption in Torrox or Coin again will not raise an eyebrow.
    All in the same shit and its just when and how hard they are going to get hit.
    Not forgetting the good ole U.K as the area I live are awash with rental properties with falling rentals bit like the majority of Europe.

    Just Frank 8)

  • #89160
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    flosmichael

    i think the link between the UK and Spain is far stronger than to the other ‘hotspots’. We feel he have had a relationship since Spain became a democracy (in theory at least?) that has served the UK and Spain well, up to and even during the start of the recent property boom.

    I thought like many back in 2002, that we could rely on the regulation, the law, and the justice system in Spain to do the right thing, partly because of the relationship between the two countries, and partly due to them being in the EU. How wrong we were! We are all aware now how the Spanish system has let so many down with its corruption, lack of regulation and justice, and how the UK crooks have also damaged Spains reputation and also taken advantage of the corruption by screwing their own people in the deal.

    I think the combination of misplaced trust in not only in our own agents operating in Spain, but worse still many Spanish lawyers, and even worse still the very justice system in Spain that should have clamped down years ago on it’s own sharks and those from the UK taking advantage of a crap system.

    So, the UK- Spain thing is unique i feel. I just hope enough is out in the open now, for lessons to be well and truly learnt?

    There are also i guess more UK people living in Spain than anywhere else in Europe? and many are happy with their lot, which makes the current situation even sadder to me. With common sense regulation, a clamp down on greed/corruption and a decent justice system, it could all have been avoided, but perhaps as some say ”That’s Spain!”

  • #89166
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    Goodstich44 😯

    Cant believe it. We have your post and mine that seem to agree with each other 😕 ( Probably get a dig back but here goes)
    100% correct and the Brits considered that if they were buying abroad then Spain would be the safest bet as they were now in the Euro zone with Multi Millions being invested in the infrastructure bringing it in pace with the bigger players.
    The perfect situation where pensions and equities were diving, why not invest in property in a lovely country with a great climate,2 hour flight times and the closet thing to home with prices rising by 15%..
    All that was needed were numbers of parasites involved in regulated financial services and Estate Agents in our high streets.
    Safety in numbers,cheap viewing trips,the perfect lifestyle and all most of us wanted was what we contracted to buy
    Your investment was safe was it not if it goes wrong you have the Bank Guarantees to fall back on as by law every property has to have one.
    Who were we to question a solicitor who we were paying to ensure the legal’s were in place, that’s their profession to up hold the very basics of law of their country.
    They above all of the crooks were the pits as they let them get clean away with their cons THEY SHOULD BE BROUGHT TO ACCOUNT.Every single one of them that abused the law as much as any council/planning department or developer 😈
    Many wanted holiday homes ,many wanted a combination of holiday home and investment and why not as with bricks and mortar you at least had a tangible asset .
    Why many cant sue the solicitors is beyond me and why the European Union that’s quick enough the protect civil rights prosecute Brits in our own country for selling in Pounds and Ounces while road signs tell you the next destination is 5 Miles away is beyond me.
    What about our civil rights in expecting the laws within Euro zone country to be up held ?
    We are not talking about new laws just here,just a system that at least tries to stop its abuse.
    Of course there was a good percentage of the Brits that lost the plot and multi-purchased with 30% down borrowed from their homes with no intention of completing and now join those with genuine grievances and don’t want the play the big investor anymore when it all gone tits up.
    The problem then is we are all painted with the same brush by the courts and how dare we complain when we were as guilty as the rest in being out to make money.
    Yes. I do say that all solicitors are not corrupt. I do say that all Judges are not corrupt. I do say that all E,As are not corrupt and above all I don’t accuse all Spanish of being corrupt.
    What does concern me is that we now rely on the sections within the legal profession who were now paying and yes trusting to get the genuine out of the sick mess they created.
    Are many not on the same corrupt gravy ripping many off in fruitless cases when many should be locked away stripped of their homes and investments for breaking their laws.

    Flosmichael . Feel this may go some way answer your question as to why news about Spain is going to be of more interest as we as a nation have in general been brought up to trust laws and thousands upon thousands of us did just that.
    We were bought up believe that when we have assurances that a countries banking system that’s part of the Euro-zone would protect us the rightly we want to look at news that relates to that.
    We weren’t dealing with third world country only the actions of some make it look that way.

    What a rant
    Spell check on .Bet someone will find some though. Sorry for the grammar but thats what you get with being thick.

    Just Frank. 8)

    Oh yeh. Voted against the Euro. No Way. Fritz .

  • #89171
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    Just Frank

    i think you are about right with your last post, but several of us have been saying much the same for years, and you have argued against us on several occasions on most of your points in that post?, and accused us of just being greedy, ignorant, and in it for a fast buck etc.

    So which is the real Frank/Dan/Jim?

  • #89177
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    Goodstich 44.
    The greedy and the ignorant are included in that posting.( Read It)
    The trouble some read what they want to read and do their very best to take a snippet out of a posting and turn it around.
    Who are “US” anyway ?
    Those are my views and always have been.
    Never have changed my views and will argue against any that try to change them unless there is a valid reason which I am always happy to listen too.
    I don’t try to change your views or anyone else’s and try at all times not to post insulting remarks.
    ( Sorry did say if I were married to one poster I would top myself) 🙄
    To be honest who or what we call ourselves on a forum is of no concern of yours and the same applies to who you actually are and that’s the sad reality.
    I happened to agree with your posting and as always support that and am more than happy to offer support for any petitions alongside several I have helped today and do most days.
    For some reason” US” Tell me that they don’t need support from someone like me so that just tells me that some of “US” have some sort of ego problems or self motivated reasons .
    That’s their problem not mine and like a few genuine posters I take the abuse for being out spoken and always trying to take a wider view and that’s probably the part where you say you agree with most of my posting.

    Just Frank 8)

    Anyway .Nuff said and hear the £1 is starting to make a fight back against the Euro and if it returns to the 1.50 how many would then vote to join with such a mess to clear up and Spain just being one the them.
    Personally I am suprised by how many are saying YES.

  • #89190
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    People are choosing Yes or No for their own personal reasons, Frank, some because it gives them more holiday spendys, some because of property reasons, some because they have a business in Spain and want more Brits there.

    Is there a right and wrong?

    for every argument For there is a valid reason Against (valid in the holders eyes)

    I’m not ready to nail my colours just yet but, as i started this post, i have voted!

  • #89191
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    I was thinking earlier today,

    I wish i’d realised six months ago that we were heading into recession, because those were obviously the good times and i would have enjoyed them more! 😆

  • #89201
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    Chilly
    Yep on the Euro topic thats political and SOooo easy not to see both sides

    I simply posted my opinion and yep yer right its for personal reasons to be honest + I do hate the rules European Courts put on the laws like civil rights etc which we abide by.

    Oopps better not go down that route as this thread will go way off course.

    Regards
    Just Frank 8)

    P.S. Bet one or two of those countries wished they never joined though 😉

  • #89206
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    Just Frank

    the reply to you from Claire on the Greenhills thread, backs up what i have said. The ‘Us’ as you well know is anyone who has consistantly supported those conned and cheated, and consistantly criticised the low-life we are up against. You have not done either on several occasions, and worse still have criticised us when we have supported those wronged, by way of petition and writing to whoever we can.

    Sorry Frank, but i think most of us are seing through your recent support of those wronged as more bull*hit from you. You are now realising that we are being proved to be right, and you want to jump on the bandwagon.

  • #89532
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    Goodstich 44
    Posted: Thu Jan 15, 2009 1:28 pm Post subject:



    Just Frank

    The reply to you from Claire on the Greenhills thread, backs up what i
    have said.

    THE REPLY IS THERE FOR OTHERS TO JUDGE,I INDEED CONGRATLATED ALL INVOLVED AS THIS IS VERY IMPORTANT TO ME AND MY NEIGHBOURS ON GREEN HILLS.

    The ‘Us’ as you well know is anyone who has consistantly supported those conned and cheated, and consistantly criticised the low-life we are up against.

    WELL THIS IS WHERE WE DO DIFFER AS I SUPPORT CORRUPTION 7 DAYS A WEEK BUT I HAPPEN TO BELIEVE THAT THERS IS MORE TO SPAIN THAN SHOUTING SCUMBAGS ,CHEATS AND LIARS 24/7.
    AS WELL YOU KNOW I HAVE MY OWN TROUBLES AND THOSE I HELP EVERYDAY.

    You have not done either on several occasions, and worse still have criticised us when we have supported those wronged, by way of petition and writing to whoever we can.

    PLEASE CHECK POSTINGS. I HAVE ON ALL OCCASIONS BEEN THE FIRST TO OFFER SUPPORT > BOTH YOU AND ONE OTHER HAVE TOLD ME THAT SUPPORT FROM THE LIKE OF ME ARE UNWELCOME SO I WITHDREW RATHER THAN UPSET ANY MOMENTUM.

    Sorry Frank, but i think most of us are seing through your recent support of those wronged as more bull*hit from you. You are now realising that we are being proved to be right, and you want to jump on the bandwagon.

    WELL.WELL. WHAT CAN I SAY 😯

    TALK ABOUT A SMALL TRACK MIND. 😉

    AS WITH THE PAST POSTINGS I WOULD BE GRATEFUL IF YOU COULD REFRAIN FROM INSULTS ON THIS AND THE OTHER FORUM WHERE ALL YOU DO IS JUMP ON BOARD TO ADD WEIGHT IN SOME SORT OF EGO TRIP IN THAT THE GOODSTICH44 FIGHT IS THE ONLY FACTOR THATS GOING TO INFLUENCE THE FUTURE.
    THINK YOU WILL FIND THAT SOME OF “US” “MOST OF US” DO KEEP IN CONTACT 😯 AND WONDER WHAT YOUR PROBLEM IS.
    NOW. WHATEVER PROBLEMS YOU HAVE THEY ARE NOT WITH ME SO LETS KEEP IT THAY WAY.
    THERE ARE MORE THINGS WE CAN BE DOING THAN TIT TATTING THAT NO ONE WANTS TO HEAR.

    Just Frank 8)

  • #89332
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    Goodstich 44
    Posted: Thu Jan 15, 2009 1:28 pm Post subject:



    Just Frank

    The reply to you from Claire on the Greenhills thread, backs up what i
    have said.

    THE REPLY IS THERE FOR OTHERS TO JUDGE,I INDEED CONGRATLATED ALL INVOLVED AS THIS IS VERY IMPORTANT TO ME AND MY NEIGHBOURS ON GREEN HILLS.

    The ‘Us’ as you well know is anyone who has consistantly supported those conned and cheated, and consistantly criticised the low-life we are up against.

    WELL THIS IS WHERE WE DO DIFFER AS I SUPPORT CORRUPTION 7 DAYS A WEEK BUT I HAPPEN TO BELIEVE THAT THERS IS MORE TO SPAIN THAN SHOUTING SCUMBAGS ,CHEATS AND LIARS 24/7.
    AS WELL YOU KNOW I HAVE MY OWN TROUBLES AND THOSE I HELP EVERYDAY.

    You have not done either on several occasions, and worse still have criticised us when we have supported those wronged, by way of petition and writing to whoever we can.

    PLEASE CHECK POSTINGS. I HAVE ON ALL OCCASIONS BEEN THE FIRST TO OFFER SUPPORT > BOTH YOU AND ONE OTHER HAVE TOLD ME THAT SUPPORT FROM THE LIKE OF ME ARE UNWELCOME SO I WITHDREW RATHER THAN UPSET ANY MOMENTUM.

    Sorry Frank, but i think most of us are seing through your recent support of those wronged as more bull*hit from you. You are now realising that we are being proved to be right, and you want to jump on the bandwagon.

    WELL.WELL. WHAT CAN I SAY 😯

    TALK ABOUT A SMALL TRACK MIND. 😉

    AS WITH THE PAST POSTINGS I WOULD BE GRATEFUL IF YOU COULD REFRAIN FROM INSULTS ON THIS AND THE OTHER FORUM WHERE ALL YOU DO IS JUMP ON BOARD TO ADD WEIGHT IN SOME SORT OF EGO TRIP IN THAT THE GOODSTICH44 FIGHT IS THE ONLY FACTOR THATS GOING TO INFLUENCE THE FUTURE.
    THINK YOU WILL FIND THAT SOME OF “US” “MOST OF US” DO KEEP IN CONTACT 😯 AND WONDER WHAT YOUR PROBLEM IS.
    NOW. WHATEVER PROBLEMS YOU HAVE THEY ARE NOT WITH ME SO LETS KEEP IT THAY WAY.
    THERE ARE MORE THINGS WE CAN BE DOING THAN TIT TATTING THAT NO ONE WANTS TO HEAR.

    Just Frank 8)

  • #89348
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    Anonymous
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    Back to topic, I voted against joining the Euro.( I know I’ve said that already!)

  • #89548
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    Anonymous
    Participant

    Back to topic, I voted against joining the Euro.( I know I’ve said that already!)

  • #89350
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    rt21
    Participant

    Although I think there are very good reasons for staying out of the euro I acknowledge that a run on the pound might change my mind and the government in such a situation might have no alternative but to join and without a referendum

    Richard

  • #89550
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    rt21
    Participant

    Although I think there are very good reasons for staying out of the euro I acknowledge that a run on the pound might change my mind and the government in such a situation might have no alternative but to join and without a referendum

    Richard

  • #89353
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    Monetary union would be very long and very complex . It is not going to happen over night, in an emergency. Just as Spain or any other country will not leave abruptly. It is far to complex an issue.

  • #89553
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    Monetary union would be very long and very complex . It is not going to happen over night, in an emergency. Just as Spain or any other country will not leave abruptly. It is far to complex an issue.

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