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Oh.. boy Britain ready for EU colapse?

The Normans are already smelling blood... this will probably end with Prince Harry getting an arrow in the eye.
 
Would the whole of the EU collapse just because the Euro would (which seems more and more likely every day)? The EU existed for a long time before the Euro did.
 
Meh. Governments have contingency plans for all sorts of things. Usually it's not so much about "we think this is likely" so much as "if this should happen and we don't have a prepared response we'd look incompetent, and that must never happen."

That said, my own plan for the collapse of the Euro would mostly involve cheering and a celebratory drink.
 
Seismosaurus said:
Meh. Governments have contingency plans for all sorts of things. Usually it's not so much about "we think this is likely" so much as "if this should happen and we don't have a prepared response we'd look incompetent, and that must never happen."

That said, my own plan for the collapse of the Euro would mostly involve cheering and a celebratory drink.
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You do realize that with the catastrophe hat would cause, the drink you most likely be able to afford would be a glass of water right?

Oh and btw, thanks for cheering to my economic demise. :)
 
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If the Germans would just realize that a little moderate inflation (not Weimar-like inflation) isn't the worst possible thing that could happen, they could just tell the ECB to do what central banks need to do at times like these and buy up the wobbly government bonds. They seem to have it in their heads that inflation inevitably leads to Hitler.
 
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Puppycow said:
If the Germans would just realize that a little moderate inflation (not Weimar-like inflation) isn't the worst possible thing that could happen, they could just tell the ECB to do what central banks need to do at times like these and buy up the wobbly government bonds. They seem to have it in their heads that inflation inevitably leads to Hitler.
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Good point. We could just inflate our ass out of dodge.

But they way things are going, eventually the Germans and the ECB will have to come round.

One thing that would be good about a bit of inflation: we could produce more stuff in the poor EU countries and buy less from China.
 
Puppycow said:
If the Germans would just realize that a little moderate inflation (not Weimar-like inflation) isn't the worst possible thing that could happen, they could just tell the ECB to do what central banks need to do at times like these and buy up the wobbly government bonds.
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To all those who support Ron Paul and his ongoing attempts to meddle in the day-to-day business of the Fed, see the ECB for an example of a central bank not sufficiently insulated from political meddling.
 
A danger with inflation is that Greece et al may see it as a way to get rid off austerity, so after a while we will run into the same scenario again.

Eddie Dane said:
One thing that would be good about a bit of inflation: we could produce more stuff in the poor EU countries and buy less from China.
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Uhm, why is that good?
 
Humes fork said:
A danger with inflation is that Greece et al may see it as a way to get rid off austerity, so after a while we will run into the same scenario again.



Uhm, why is that good?
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We have a number of poor European countries that could use the work.
When China no longer undercuts Bulgaria, Romania etc, they could be great production countries.

I'm in the fashion industry. The combination of an expensive Euro and cheap Chinese production has destroyed the Italian fashion business.
Some small companies in Italy are resorting to running illegal fashion factories that pay below minimum wage. It's the only way they can compete.

The Chinese are starting to demand decent wages and free time. The combination of affordable production and shorter supply lines could feasibly give a great chance to many people in south and middle Europe.
 
Seismosaurus said:
One celebrates however one can.


Thank those who created the monster in the first place. :)
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Well, I take comfort in knowing that if we go down, in one way or the other you will come down with us. Misery loves company after all. :)
 
Or just a convient senario for more general disaster planning.
 
Well, now that Dave has said "Non, nein, no" to the Euro deal, who is going to collapse? The UK or the increasingly federal EU?
 
Eddie Dane said:
Good point. We could just inflate our ass out of dodge.

But the way things are going, eventually the Germans and the ECB will have to come round.
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From what I understand, the ECB is already quietly keeping Italian interest rates at ~6.5%. Painful, but bearable.

The ECB needs the Euro to survive, to warrant its own existence. So it won't let the currency collapse. But Germany and the ECB want Eurozone countries to adopt budgetary discipline and economic reforms. And the only way to get other countries to do so, is by keeping up financial pressure.
 
Soapy Sam said:
Well, now that Dave has said "Non, nein, no" to the Euro deal, who is going to collapse? The UK or the increasingly federal EU?
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Neither.

The Euro crisis will just mean the EU Euro will have to be more tightly regulated and member countries will be forced to follow the rules this time. And it will just prove to the doubters in the UK they were right not to get fully involved.
 
kingstuart said:
If we hadn't bought all that stuff from China they wouldn't be able to afford to bail us out.
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I have nothing against China.

But we have countries in the EU that could really use some economic development.
Plus: the company I work for would love it if we could afford to buy closer to home. Shorter supply lines, ease of QC etc.
So, my remark was self interest to a degree.
 
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