Euro Conversion

[Supercar]

What happening is that the Eurozone is levelling the currencies and Gordon is going to press the button and say nows the time to change the £ to €

 

You C

[Jubilado]

Think of the ex-pat pensioners and stick out for 2 euros to the pound :devil:

[Border_Collie]

What happening is that the Eurozone is levelling the currencies and Gordon is going to press the button and say nows the time to change the £ to €

 

You C

You've got the same model crystal ball as me Supercar.

 

About 4 years ago my wife and I had planned to retire to France. Our budget was £100000 and exchange rate €1.48 to the £.

 

So much for that plan, now it's €1.28 to the pound and similar properties are now around £150000.

 

It won't be long before it's 1 for 1 and we'll be buying our goods in Euro's. No doubt prices will increase as they did when we went decimal.

 

The only plus I can see is, no more changing £'s to €'s, no commission but getting only €1.16 to the pound.

[stimulator]

There was snippet in the Sunday Express this week in the finacial sectiuon that says that they will now NOT go into the Euro a sthe condition will not be met.

 

When the 1 Euro coin was introduced it was remarkable similar in size to that of the £1 coin.

 

 

So the coins are similar and the government says We WONT go in, so what does that tell you???

[Border_Collie]

So the coins are similar and the government says We WONT go in, so what does that tell you???

If their lips move then......................

[Supercar]

Well todays £/€ would be a good time to sy 1 is worth 1€ might be worth a tin of PAL Border Collie hahaha

[Border_Collie]

might be worth a tin of PAL

Oui s’il vous plaît, deux boîtes de la PAL pour moi. :kissy: :P

[Supercar]

Press the button Gordon whilst the world is really Zaney.

 

That man who thought he was a V2 rocket in reverse at Dover today hahaha :P

[Gondorian]

The EURO is on the up, as the world moves away from using the US Dollar as their reserve currency (which has a big impact on the oil industry - see Petrodollars on wikipedia). In hindsight, I think we should have gone into the EURO from the start. My mother-in-law, who has retired to Spain with her husband, is really struggling now because their pensions aren't giving out as many EUROs as when they bought their place there a few years ago.

[Supercar]

Vince Cable (Liberal money man or is it shadow treasurer) anyway he has been on TV suggesting that after this turmoil is over then it may be the time to have serious discussions on the matter.

 

Rather than spout about a run on the pound like that Conservative clown

Edited November 18, 2008 by Supercar

[pixan]

Vince Cable (Liberal money man or is it shadow treasurer) anyway he has been on TV suggesting that after this turmoil is over then it may be the time to have serious discussions on the matter.

 

Rather than spout about a run on the pound like that Conservative clown

Serious discussion? We're all waiting for that on immigration and the EU. Unfortunately for most of us, Brown is the clown. He can't count and neither can his Darling.

 

His ramblings are similar to kfk's explanation about dual mass flywheels. Only he appears to understand the fiscal rubbish he keeps on spouting hoping it sounds impressive enough to bamboozle the fiscally challenged! Smoke and mirrors all over again.

 

Looks as if he has been successful...at least in one case. Like the Conservative clown says, there is a Tax Con planned for Christmas, funded by more massive borrowing, and there's a Tax bomb following on its way any time very soon. The tell-tale whistles can be heard.

[pixan]

Vince Cable (Liberal money man or is it shadow treasurer) anyway he has been on TV suggesting that after this turmoil is over then it may be the time to have serious discussions on the matter.

 

Rather than spout about a run on the pound like that Conservative clown

Incidentally Supercar, if an undeclared unintentional 30% devaluation of the pound is NOT a run on the £, how would describe it?

 

Exactly WHEN would you sound the alert that this has happened to the £ in your pocket, or is about to happen to the £ in your pocket?

 

Or, would you keep your mouth shut tight, or seek a diversion just like chief fiscal architect Brown the Clown is doing right now?

[Grandad]

One euro = £0.9137 today 17th Dec 08 :o

 

Remind you of anything? Or anyones famous reasurance? "The pound in your pocket has not been devalued"

 

http://knowledgerush.com/wiki_image/5/5e/Haroldwilson.jpg http://newsimg.bbc.co.uk/media/images/44224000/jpg/_44224344_poundpocket_203.jpg

 

1967: Wilson defends 'pound in your pocket'

The Prime Minister, Harold Wilson, has defended his decision to devalue the pound saying it will tackle the "root cause" of Britain's economic problems.

 

So glad that we didn't move to France as our income would now be reduced by a third.

 

Will the price of imported goods now start rising?

[Supercar]

Incidentally Supercar, if an undeclared unintentional 30% devaluation of the pound is NOT a run on the £, how would describe it?

 

Exactly WHEN would you sound the alert that this has happened to the £ in your pocket, or is about to happen to the £ in your pocket?

 

Or, would you keep your mouth shut tight, or seek a diversion just like chief fiscal architect Brown the Clown is doing right now?

 

Pixan you asked here is my reply

 

As the Liberal said after this turmoil is over then it may be the time to have serious discussions on the matter.

 

Wall Street Guy, Lloyds/Hbos vote , smaller building society amalgamations, Iceland problem etc etc.

 

Brown has not got a crystal ball to anticipate further creepy crawlers coming out of the woodwork it is the financial institutions regulatory risk takers that have not being doing their job for whatever reason.

 

The executives get paid to oversee the workings of the business or were they peeing it against a wall in some exotic marina when all this wrong doing was happening.

 

I am not a financial adviser but that is my reply what you asked about.

[pixan]

One euro = £0.9137 today 17th Dec 08 :o

 

Remind you of anything? Or anyones famous reasurance? "The pound in your pocket has not been devalued"

 

http://knowledgerush.com/wiki_image/5/5e/Haroldwilson.jpg http://newsimg.bbc.co.uk/media/images/44224000/jpg/_44224344_poundpocket_203.jpg

 

1967: Wilson defends 'pound in your pocket'

The Prime Minister, Harold Wilson, has defended his decision to devalue the pound saying it will tackle the "root cause" of Britain's economic problems.

 

So glad that we didn't move to France as our income would now be reduced by a third.

 

Will the price of imported goods now start rising?

Nice one Grandad.

 

You should also remind those suffering from political amnesia that Wilson and Callaghan both promised us a land of "milk and honey", but sadly didn't say who would be the beneficiaries. It all has a familiar ring to it don't you think? De Ja Vu?

 

Will the lesson ever be learnt that Labour governments of all complections are not the natural party of government having its roots in idealist communism.

[Supercar]

Still coming out of the woodwork PIXAN

 

Lloyds TSB has agreed to pay a $350m penalty to US authorities over financial transfers that violated US sanctions.

 

This should have come out before the merger with HBOS and share price offer.

[iamian]

There was snippet in the Sunday Express this week in the financial section that says that they will now NOT go into the Euro as the condition will not be met.

 

Seemingly the whole edifice could unravel with Italy and Greece particularly moving far, far away from the criteria which would enable them to join had they not been in already. (Greece's entry was fiddled, as the UK's could be now, if there was the political will.) More will follow (Ireland, Spain, Portugal) and feel they need to take unilateral action to remain viable.

 

Perhaps the next year will see Germany decide that as it has the strongest economy left in Europe, wouldn't it be a good idea for them to have a bank independent of the ECB and have its own currency, like the DM?

Nothing would surprise me.

[Lancelot]

 

Perhaps the next year will see Germany decide that as it has the strongest economy left in Europe, wouldn't it be a good idea for them to have a bank independent of the ECB and have its own currency, like the DM?

Nothing would surprise me.

 

The ever turning wheel. I want nothing to do with Europe but I have no choice.

[Jubilado]

The ECB is expected to drop rates further and have you noticed - sterling is c-r-e-e-p-i-n-g upwards again? Reuters give it €1.1251 at the moment.

 

It would be helpful (to me) if you europhiles could restrain yourselves until we can reach at least €1.5 again :P

 

It would also be helpful if you build that confidence as soon as poss i.e. before our € savings run out and we have to pay from a sterling account again :(

 

wrt the "weak" € economies, it so much of a b*gg*r's muddle that I cannot follow it or predict outcomes, with any clarity - and I read the daily press of six different countries in a vain attempt to fathom it all <_<

[pixan]

The ECB is expected to drop rates further and have you noticed - sterling is c-r-e-e-p-i-n-g upwards again? Reuters give it €1.1251 at the moment.

 

It would be helpful (to me) if you europhiles could restrain yourselves until we can reach at least €1.5 again :P

 

It would also be helpful if you build that confidence as soon as poss i.e. before our € savings run out and we have to pay from a sterling account again :(

 

wrt the "weak" € economies, it so much of a b*gg*r's muddle that I cannot follow it or predict outcomes, with any clarity - and I read the daily press of six different countries in a vain attempt to fathom it all <_<

That is exactly Brown the Clown's objective.

 

He hopes to confuse everyone all the time until he has completely saturated the country with the world's benefit and asylum seekers, and then claim what a good job he has done for the World economy. If anyone reading all this is a still at Uni or a recent graduate, tough, because there won't be any jobs for you. Emigrate to China or India.

 

Darling is soon to print more money to equal the situation with the old and devalued Italian lira.

[Supercar]

Gordon is wanting the Banks to come clean with their Toxic gilts What chance of that? :(

[iamian]

...because there won't be any jobs for you. Emigrate to China or India.

 

From what we read unemployment in China is growing rapidly.

 

We know first hand that many of the factories which closed to help with the Olympic smog have simply not reopened.

[Supercar]

From what we read unemployment in China is growing rapidly.

 

We know first hand that many of the factories which closed to help with the Olympic smog have simply not reopened.

 

Thats good because they will have to reopen in England soon for the 2012 olympics :lol: