[Closed] Anyone hoping for the Euro to crash slightly over the Greece problem?

Time to bring back the Drachma!
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No I don't want the euro to crash but it would be nice for pound to get a backbone.

Euro crash would suit me fine, both professionally and personally.

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.

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...

NO! I'm paid in Euros!

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.

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?

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

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.

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 😉

Mythos Red - mmmmmmmmmmmmmmmmmmmmmmm

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

Metaxa 7 star will be cheap if it does; I'm all for it.

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!

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 !

if you could make everybody poor so that you could be rich, would you do it?

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.

According to a banker mate Spain is the worry.

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

I dream of a 1.5 exchange rate every night. 😐

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.

I moved my life savings out here at 1.25 and wept over it. Now I'd give a kidney for that...

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.

yeah Spain is about to get a big slap, a mate in business there is kacking his pants right now....

Don't care, "As long as I'm alright" 8)

According to a banker mate Spain is the worry.

really, and you believed him?

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

I just paid £50/day for car hire in Finland.. damn Euro...

May the pound get weaker so the bikes here get cheaper!

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!

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.

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.

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.

Edukator has it spot on. Japan's fate is the fate of the UK and the US.
Buy gold and buy Japanese stocks (they've been down and out so long they are in line for a rally).
There is a lot of money to be made through currency trading. There is also a lot of money to be lost.

I'm happy to see the Euro sink as it makes goods produced here more competetive

How so?

Was in Germany last week working, thank god I had to work from morning till night as everything seemed so expensive comparison to over here,mind you the apples seemed very cheap at 3 euro a box, all beer bottles are returnable and sold in plastic crates, so as you might expect there was more than a few fathers with there kids in tow only pushing along beer and apples, don't think we'll ever see that over here.

gold isnt low... what you think everyone in shares bailed out to for the last 18 months ? Gold is high.. hence all those adds for shop your gold in on TV... Its the next bubble to burst...

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so as you might expect there was more than a few fathers with there kids in tow only pushing along beer and apples, don't think we'll ever see that over here.

You need to get as much beer in as the missus can carry

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That is great uplink, treat them mean keep them keen,love the fact he's got a bottle to quench the thirst he's worked up carrying the brolly

1.11 yesterday 1.15 now 😕

Rich it's still too high 😉
Can't wait for a 1.01 to be fair I could come and visit friend in the UK more often 😀

Last year when I was in Milan it was 1=1 and it ended up being £11 for a half pint and glass of wine, I thought my balls had dropped again 😀

Whatever asset class you choose your investment will only be worth what people are willing and able to pay for it. Some things are a safer bet than others.

If you want an idea of how currency will do long term have a look at the trade surplus/deficit, dependence on imports and sources of revenue - edit: and inflation. For the UK:

1. An ever increasing trade deficit.

2. Increasing dependence on imports.

3. Declining revenues from North Sea oil and gas, banking and finance, pharma and what's left of manufacturing. Those are the things that have kept Britain afloat for the last 20 years.

I have no pound denominated investments whatsoever. To lose my bet the pound will have to get back over €1.50 which I [url= http://waehrungen.onvista.de/snapshot.html?ID_CURRENCY_FROM=GBP&ID_CURRENCY_TO=EUR&PERIOD=7#chart1 ]doubt[/url].