Got a two week biking holiday to pay for in euros would be nice if it went to around 1.50 euro to the pound
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Anyone hoping for the Euro to crash slightly over the Greece problem?
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Posted 2 years ago #
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Time to bring back the Drachma!
Posted 2 years ago # -
No I don't want the euro to crash but it would be nice for pound to get a backbone.
Posted 2 years ago # -
Euro crash would suit me fine, both professionally and personally.
Posted 2 years ago # -
I don't mind whether the Pound gains or the Euro collapses but 1.50 in time for my skiing holiday at Easter would be nice.
Unlikely, but nice.
Posted 2 years ago # -
i'm hoping not.
a weak pound creates inflationary pressure, and a few years of hyper-inflation would nicely diminish the relative worth of my mortgage...
Posted 2 years ago # -
NO! I'm paid in Euros!
Posted 2 years ago # -
I hope that the Euro doesn't crash and I don't think the Euro it will as I'm sure that the Greek economy is only a small percentage of the Eurozone, so therefore Greece's problems can't have too much impact on the Euro.
I think that Spain is more of a concern for the ECB with it's bigger economy but maybe the ECB would like to see the Euro devalue a bit so Europe's exports are a bit cheaper for those outside the Eurozone. I wouldn't mind betting that our government hopes it doesn't crash as our products are cheaper in comparision to the Eurozone's due to the strong Euro. As a side thought do you think the our government are trying to engineer a cheap pound to draw in investment and drive exports? A cheap Euro would help the holiday spending money but little else, IMO.
Posted 2 years ago # -
a weak pound creates inflationary pressure, and a few years of hyper-inflation would nicely diminish the relative worth of my mortgage..
Yep, but I doubt your pay would keep pace with the hyper inflation or that the hyper interest on your mortgage to control the hyper inflation would be welcome either?
Posted 2 years ago # -
No chance !
In fact quite the reverse.
Greece will be bailed out by the rest of euroland and that will also safe guard the rest of the PIGS.
Which means the market will be looking for another victim out side of the eurozone ! Guess who that is ?
And we haven't got nice German neighbours to bail us out.
But what we do have, is a nice independent currency that will be smacked the sh1te out of .... Get those Euros now boys
Posted 2 years ago # -
nooooo...........
I suspect its the (relativly) weak pound thats keeping me in a job, little enough work coming through the doors as it is at the moment without putting us in competition with the rest of europe.
A significant strengthening of the Rupee would be nice to stop them shipping jobs out to india.
Posted 2 years ago # -
My brother lives in Athens so for his sake i hope the Euro does not crash through the floor. The pay over there is shit enough as it is compared to the same job in different countries.
But.
It would be nice to be able to visit him without it costing a fortune for a bottle of Mythos
Posted 2 years ago # -
Mythos Red - mmmmmmmmmmmmmmmmmmmmmmm
Posted 2 years ago # -
Give it a couple more years - until the bankers inevitably cause the next enormous crash and we'll all be bartering with chickens anyway
Beating each other to death with sticks in the street over the last sausage and bean pasty in Greggs. You mark my words
Posted 2 years ago # -
Metaxa 7 star will be cheap if it does; I'm all for it.
Posted 2 years ago # -
I'd rather it didn't or else I might have to start buying stuff here instead of getting everything really cheap in the UK!
Posted 2 years ago # -
nooooo, no euro crash, I'm winning business in the UK against German competitors. Then I'm purchasing all of our parts / labour etc within Derbyshire to help our local economy.
Just becuase your going to save a few quid on holiday doesnt help UK economy at all !
Posted 2 years ago # -
if you could make everybody poor so that you could be rich, would you do it?
Posted 2 years ago # -
if you could make everybody poor so that you could be rich, would you do it?
Only if I could gloat by lighting my cigars with £50 notes in front of them.
Posted 2 years ago # -
According to a banker mate Spain is the worry.
Posted 2 years ago # -
if you could make everybody poor so that you could be rich, would you do it?
Only if i could then blow up the world at the flick of a switch
Posted 2 years ago # -
I dream of a 1.5 exchange rate every night.
Posted 2 years ago # -
I dream of a 1.5 exchange rate every night.
I'll second that! Moved to the continent a while ago, still earning in pounds. I decided to go at 1.4. Actually moved at 1.25. Now? Sigh.
Posted 2 years ago # -
I moved my life savings out here at 1.25 and wept over it. Now I'd give a kidney for that...
Posted 2 years ago # -
No we export our products/services here and doing very well in the eurozone.
The money experts reckon that if the greeks have a problem then it will reflect much worse on us (no germans/french to support us) and the pound will go lower again. Witness what happened yesterday.
Posted 2 years ago # -
yeah Spain is about to get a big slap, a mate in business there is kacking his pants right now....
Posted 2 years ago # -
Don't care, "As long as I'm alright"
Posted 2 years ago # -
According to a banker mate Spain is the worry.
really, and you believed him?
Posted 2 years ago # -
The finances of several American states that constitute a higher proportion of American GDP than Greece does of the EU are as bad if not worse than Greece. You get your news from CNBC, Bloomburg, Sky and the BBC; all rejoice in any minor hiccups in the Euro zone.
I'm happy to see the Euro sink as it makes goods produced here more competetive and holidays more attractive.
See you all soon
Posted 2 years ago # -
I just paid £50/day for car hire in Finland.. damn Euro...
Posted 2 years ago # -
May the pound get weaker so the bikes here get cheaper!
Posted 2 years ago # -
I love this
"I want other countries economies to collapse further so i can have a cheaper holiday!!"
just returned from snowboarding in france and yes it was bloody expensive for lift passes (£210) coffee 4-5£ etc, but cest la vie!- a few years ago it was 2:1 and no-one complained at all then!
Posted 2 years ago # -
The pound gets weaker - bikes get more expensive not cheaper (see last years shimano prices).
Actually I think Japan has the highest debt in the G20. Massive multiple of GDP comapared to the UK.
Posted 2 years ago # -
Japan never has recovered from its property crash provoked banking crisis, over 20 years on the debt pile grows and the Nikkei hovers around 10 000, somewhat below the near 39 000 reached in 89. Where does growth come from when everyone has all the consumer trash they want and a strong currency hampers exports? We have simply caught up with Japan.
Posted 2 years ago # -
A weak pound is good for the UK, it increases the price of imports building a stronger internal economy. A weak pound for a long period may rebuild some of the industry we lost and dreadfully need to get back.
Posted 2 years ago #
Topic Closed
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