the euro....
 

MegaSack DRAW - This year's winner is user - rgwb
We will be in touch

[Closed] the euro....

6 Posts
6 Users
0 Reactions
60 Views
Posts: 13113
Free Member
Topic starter
 

i was all excited the other week with the news that the euro was going to take a dive.

it'd mean my savings (in pounds) would essentially be worth more (again).

when the pound slipped against the euro a few years back i 'lost' a fair amount of money. i was hoping that the greek/portuguese/spanish/italian financial fiasco(s) would restore the balance. it seems i got too excited too soon.....

http://www.telegraph.co.uk/finance/financetopics/financialcrisis/7703572/Euro-jumps-as-markets-welcome-750bn-rescue.html


 
Posted : 10/05/2010 8:29 am
Posts: 0
Free Member
 

Euro was due a bounce, but once analysts look into the details behind the euro bail out, they will see it is just money printing and the thing is ultimately doomed. The euro will bomb soon enough.


 
Posted : 10/05/2010 8:36 am
Posts: 13113
Free Member
Topic starter
 

wahey!


 
Posted : 10/05/2010 8:39 am
Posts: 7100
Free Member
 

The euro will bomb soon enough.

Hopefully before September when I go on holiday.


 
Posted : 10/05/2010 10:47 am
Posts: 0
Free Member
 

Hopefully not before September when I get paid my summer wages in Euros in pounds.


 
Posted : 11/05/2010 11:38 am
 goon
Posts: 0
Free Member
 

No, no, no, it's got to bomb before the middle of June to bring the price of beer at Le Mans to a realistic level.


 
Posted : 11/05/2010 11:43 am
Posts: 173
Free Member
 

It's already at its lowest level vs. the pound for at least six months. If it wasn't for the uncertainty surrounding the hung parliament, I think 1.2 would be realistic at the moment. 1.2 a week from now? We can live in hope... 🙁 (and die in Hathersage....)

1.2 was what we based our business plan on 2.5 years ago. We've been eating the difference ever since (or not eating as the case may be...). Doing OK, but would be nice to get back to sensible-world.


 
Posted : 11/05/2010 11:48 am