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With the current crisis, reports (rumours??) are coming in that Spain will be one of the countries who will leave the Euro behind and return to the Pts.
It is said that Ireland and Italy are the other favorites to go the same way.
Once one goes, that really means the end of the Euro, so is it time to convert those Euros to sterling…??
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It won’t happen, no one will leave.
Like always, the politicans will ‘Fudge’ the issue and allow all sorts of economic rules to be twisted to save themselves. We should see a change in the ECB’s attitude towards interest rates ( already happening) and the Euro should weaken ( already happening against a lot of currencies).
Hope to see Euro/Gbp weaken to around 1.25 cant se it going too much further. as UK happy with weak Pound. -
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Hi There.
I am speaking as an Irish person and I must say I think Ireland leaving the E.U would be the LAST thing that would happen, I have never even heard rumeors of such a thing . Ireland ..Like so many other E.U member countries have benefited greatly from the E.U and hope to continue to do so.
Wkile I have no doubt thet you heard such talk I can only say for myself that it will never happen that Ireland will leave. We did vote no on the Lisbon treaty but that was only because we did not agree with the way it was worded but we have been told we will be asked to vote again on it and I think next time we will pass it. -
@ian_ok wrote:
With the current crisis, reports (rumours??) are coming in that Spain will be one of the countries who will leave the Euro behind and return to the Pts.
It is said that Ireland and Italy are the other favorites to go the same way.
Once one goes, that really means the end of the Euro, so is it time to convert those Euros to sterling…??
Nobody will be allowed to leave the Euro. This does not mean some countries won’t want to do it, but they won’t be able to do it.
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There are plenty of candidates that would like to leave but the costs and penalties for doing so would be too great, so those want-aways will have to stick it out and put pressure on Trichet to do the right thing and let the currency weaken.
Rumour has it that ECB is intervening to BUY Euros ( this won’t please Clubmed) as they are frightened a run on the Euro will frighten away the bond buyers that are required to finance the whole of the economies within Europe. -
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