The Euro: Dead in 5 Years?

Destined to failure from the very begining when we all marched into the common market in the 70s. There will never be a united states of europe. One currency can only be managed by one elected government in a democracy. Too much history to erradicate in all member states let alone cultural differences and attitudes.
Time to close the book on a dismal period in european history.

The only thing that has kept the Euro afloat for years has been the good economic times, especially in countries like Spain. The bubble just kept getting bigger and bigger until it finally burst. In addition, I have been reading for several years now that the Euro was overvalued by between at least 25-30 percent, pushed that way by the speculators.

American Expat wrote:

The only thing that has kept the Euro afloat for years has been the good economic times, especially in countries like Spain. The bubble just kept getting bigger and bigger until it finally burst. In addition, I have been reading for several years now that the Euro was overvalued by between at least 25-30 percent, pushed that way by the speculators.

Yes, so does dollar.
Americans print dollars like crazies that do not equal to the relevant services and products of American economy.
The dollar bubble soon will burst.
Hopefully.
Enough with the financial bubbles around World, NONE should live above his expenses, enough with this Global bubbles.

spartan lacedaemonian wrote:

<quoted text>
Yes, so does dollar.
Americans print dollars like crazies that do not equal to the relevant services and products of American economy.
The dollar bubble soon will burst.
Hopefully.
Enough with the financial bubbles around World, NONE should live above his expenses, enough with this Global bubbles.

For what its worth, the US Dollar has been declining in value, against most other major currencies, for almost ten years now. For example, since 2001, the dollar has depreciated some 40+ percent agains that Euro we are now writing about. It also declined against the UK pound sterling as well.

greece is destroying europe . Eu should kick greece out of europe.

jasonx wrote:

greece is destroying europe . Eu should kick greece out of europe.

And then what?
Problems solved;
Is that so simple;
You really think so;
Europeans would have already done it if....it was that simple.

spartan lacedaemonian wrote:

<quoted text>
And then what?
Problems solved;
Is that so simple;
You really think so;
Europeans would have already done it if....it was that simple.

Heey Jeff heey Greeks heey greek sissies in different IDs goodluck for the match today.I will be supporting your team.

Modern Turkey is nothing of what Turkey used to be, after stealing culture form every nation, Turkey transformed to a transvestite hard to be identified of what it is.

But deep inside, Turkey remains a transvestite.
Turkey is a nation that promotes propaganda, false and incorrect historical and cultural information in order to gain some glance for its self.

Glance, that never was able to posses due to the fact that Turkish culture and civilization had never achieved anything to distinguish or anything remarkable.

Someone can easily spot a few Turkish "copy paste" or borrowed customs and trademarks.
Some of these are:

The Turkish flag is a symbol stolen from the Greeks, the Byzantine empire!

The Turkish currency, the Turkish pound, was invented by the British.

The modern Turkish writing, stolen by Turks, directly from the European countries that used to occupy Turkey, France, Italy, England Greece etc...
Turks use to write Arabic, as their mother tongue has Arabic origins.

The modern dress and look of Turkey stolen by the West, Turks used to wear Arabic clothes till the 1900s!
Turkish cousin and food, stolen by Armenia, Kurdistan, Syria and Egypt!

The Turkish modern art, stolen from Italy, Greece, France and Spain!

Turkish monuments, there is none!
All Turkey has to show, is Agia Sofia and Greek temples and monuments!
Ephesus, Miletus, Troy, Halicarnassus, Trabzon, Sinop, Smyrna, Antalya, Adana,Edessa, Mesopotamia,Elaea (Aeolis), Epibates,Ermenek,Erythrae,Eski sehir, Faustinopolis,Antiochia, Lydia, Heraclea Pontica, Ceramus,Mallus,,Manisa,Mersin, Pergamon, Pessinus, Phellus, Phocaea and many others, are Ancient Greek cities with Greek monuments!

Even the Mountain Ararat, was stolen from the Armenians!

The Turks today are a mix of Armenians, Serbians, Greeks, and Kurds etc.
Turks were mixed in a huge portion during the Ottoman Empire when they needed vast numbers of men to serve the army.
Then, they started a program of child, youth male collection from the above nations, to use them as Janissary.
Janissaries were the best Turkish military force ever, and it was not even Turkish!
These soldiers were the elite of the Turkish community and were the only units allowed and promoted to mate and produce children, capable as them!
That had as a result, the vast majority of Turks today to be consisted by Armenians, Greeks and Serbs!

Even the Ottoman Empire was not Turkish, it starts as an Arabic effort to unite the Arabic nomads of the area.
It was consisted by Egyptians, Syrians, Bedouins, Persians and others.
Somewhere there, in the mid 1200s Mongol tribes that were driven out by the Hans, come to the area, and mixes with the Arabic nomads.
These mixes form the Turkic branch of Mongols.

The Turkish lands are not even Turkish!
Mosul and Hatay belong to Syria and are occupied illegally, Eastern Turkey belongs to Kurdistan, Western Thrace with the Islands Imbros and Tenedos belong to Greece,
Northern Cyprus is occupied illegally, Ararat and parts of Eastern Turkey belong to Armenia.
Constantinople ( Istanbul ) is occupied illegally as well.
Turkey doesn’t belong in Europe, but Turks claim that they do not belong to Asia either! Turkey is a modern fine transvestite!

Turkey today calims that they have a Democracy (today there is a military regime that rules Turkey), even that was stollen form the West, Greece!

And there is much more....

jasonx wrote:

greece is destroying europe . Eu should kick greece out of europe.

Oh yeah?
DETROIT is also destroying the U.S.A.
Why don't you kick Detroit out? They are lazy, the factories closed, neighborhoods are abandoned....
cmon what are you waiting for?

@Jasonx

After the Chinese have gathered an enormous amount of U.S.Dollars the yankees keep printing thus humiliating the value of Dollar. Chinese took over the economy of USA, this is a fact.

The whole range of american products are now 'made in china'.

How about jasonx (if you're a real american) the fact that i recently bought a RADIO FLYER and it was an original one but... made in china...!!!!!!!

Soon the USA will be importing Coca Cola too, but can you tell us what the hell are doing the american working class for the living?

I simply mean that the common problem of USA and Europe is the fact that China has taken over all the production but no money exported there are re-imported.
No tourism, no buying of OUR products so the money circulates.
Still the little yellow trolls keep struggling for a dish of rice, for cents per day to produce everything.
Lets tax the chinese imports to be equal with the locals and see what will happen.
Big BUBBLE will go BOOOOOOM!

Although for continental Europeans in general and for the Spanish in particular the future of euro is unquestionable and we are not planning the demise thereof, in Anglo Saxon countries is very different vision.

I just read an interesting document published by the consultants Ciampi Group ( http://ciampigroup.com ) about the future of the future of the euro, and I just wanted to share with you the main conclusions:

1 .- European politicians do not want to even face the possibility of the disappearance of the euro, despite the pressures on the single currency. Is, to speak directly, a political issue, maintaining the dream of a United States of Europe to compete with the U.S. and Asia as equals.

2 .- But markets do not think the same, but consider two scenarios: one born of political stability, strong and highly interventionist state (with the consequent social cost), or a period of great uncertainty and chaos. The markets, as always, have considered the negative scenario and has been quoted in the price of assets (for example, the Spanish public debt).

3 .- So what we see now is the struggle between capitalists and governments "deniers." The possible ban on speculative short sales as a skirmish in a war that may go further.

4 .- But even though they deny it, European politicians have had to think what to do if, by chance, the euro collapses.

5 .- If the euro goes, the financial system would face an unprecedented financial crisis. In the extreme case, we could see the euro becomes a piece of paper with no value. In addition, all legal contracts existing bonds and derivatives denominated in euro as a currency would be dead, failed. If not rectified this situation, this collapse would destroy the European capital market and cause a bloodbath in western economies.

6 .- But you can instrument a middle way, a Plan B to remove pressure on the euro. First, we should create new currency as a means of trade, and a 1-1 shift, a new euro, which we call "Neuro" to which referenciarían contracts and debts. It is a situation already known in Europe: the ECU used in recent years of the twentieth century

7 .- Neuro, the new ECU, should be composed of a portfolio of European currency under the auspices of the European Central Bank, and should determine what type of Neuro Forex is this: if it is based on the Deutsche Mark would be a strong currency favoring savers, but it would benefit the weak and indebted. The weight of each currency will be based on the weights of individual countries' GDP components.

So far, what they think the Anglo-Saxons who only see advantages in this approach: create a new path. If in addition to the classic euro Yes, Euro No, there is also a Neuro, this third option would hinder the work of speculators. No doubt the Neuro would be a step backwards but it could be a good base to pick up a single currency later.

My English colleagues recognize that they are biased against the euro since the beginning, and sterling independent has allowed the UK to maintain its monetary policy and exchange rate, helping the British economy to avoid or minimize the crisis. I also believe they have the wistful hope that her beloved books again be a reference currency in Europe, something difficult to do while still existing euro.

Euro is brainwashed :)))

Why noone likes Greeks?

because everybody is brainwashed.

Moody's cut Greeks rating JUNK

Moody's is brainwashed.

Baroso said""Democracy could ‘collapse’ in Greece, unless urgent action is taken to tackle the debt crisis"""" """"" "

Baroso is brainwashed

Korea beat Greece with 2 goals .
Koreans are brainwashed.

Turks are brainwashed

Albanians aswell.

Macedonians 3 times brainwashed

Germans brainwashed an robbed

Bulgars are brainwashed

serbinas are brainwashed,

Kosovians are brainwashed

Montenegros are brainwashed

Bosnians are 2 times brainwashed

Only Greeks are not brainwashed

Because they have no brain

:)))

Nobody likes and show respect to the Greedy and

imponent plus thief greeks.

Everybody is brainwashed
Euro zone is brainwashed if they kick Greece out.
hahahaahaha
hahahaahaha
hahhaahaha
hahahahaaha

It was just an experiment that didn't work.It is twice it's real value so no other country wants to deal with Europe.
It's to expensive to buy or ship there the costs are ridiculous.
The Greeks are about to dump the Euro and still cant pay their debts.
Germany is 88bilion Euro in debt and say they need 1 Trillion Euros to sort things out.
Where can they get 1 Trillion Euro's (Print It).

I have been reading for several years that the Euro was over valued by somewhere between 30 and 40 percent. The spectular rise of the Euro, starting in the early 2000's is indicative that the speculators have been driving this train. When I came back to Spain in 2001, 88 US cents would buy one Euro; only several years later, it was nearly double that amount, running between $1.50 and 1.60 US to buy one Euro, the dollar having lost between 40-50 percent of its value. I do not recall any currency ever having risen that much in such a short time. Evidentially, there were other factors pushing the Euro up, other than the US's staggering debt, and I believe it was: the speculators!

Euro and Dollar are overvalued currencies.
Japanese and Chinese National currencies are overvalued as well.
It's time the economies to start deflating , prices should come back to normal levels and distortions should be corrected whatever that would mean fr societies.
Societies will be deteriorated but at the end things will come back to a balance again.

spartan lacedaemonian wrote:

It's time the economies to start deflating, prices should come back to normal levels and distortions should be corrected ......Societies will be deteriorated but at the end things will come back to a balance again.

No truer words were written but is this the best we can do for ourselves? Wait for either the governments to protect their citizens (which is of secondary concern) or be at the mercy of the speculator? Damn the markets, damn the banks and damn the money grabbers.