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Personally I never had any favour with Europe and going by media coverage, the Germans are taking over anyway Which wouldn't surprise me either since I don't think that little niggle from what sparked WW1 ever left after WW2 No, I'd rather Britain was out of the Euro. It's pretty much a dud currency anyway - I would've thought a wiser move for most of the nations in the Euro (not us luckily ) to pla reintroducing their previous currencies because once the Euro goes, there goes your economy.

Joey wrote:

filbert wrote:I have to admit, I had a bit of a chuckle at the reports that Germany was printing off some spare Deutsch-marks 'just in case'...

In case a Greek/Italian default causes the Euro to rise? The Euro at the moment is low, which is a massive boost to German exports.
So please explain to me how a debt crisis will make the currency increase/decrease in value to the extent that Germany has to re-issue the Deutschmark.

The fact the Germans are printing their old currency is a demonstration of how much confidence people have in the currency right now. The Euro is on its way out - in effect it's a project that's not worked and as a consequence is failing. The fact that Ireland has needed a bailout, Greece 2 bailouts and a new PM, and Spain & Italy having trouble paying back their our debts, not to mention all the other collective debts countries in Europe have associated with the Euro, there's just no way it'll work.

The sooner countries using the Euro begin reinstating their previous currencies, the faster the Euro can be put to bed and left alone until another person decides to try something similar again. There's potential for a single currency certainly but now is not the time.

Well that's a very nice quote from one man in Government. Shame the Mayor of London doesn't agree, along with other support from Hungary, Czech Republic and Ireland.

http://www.dailymail.co.uk/news/article-2075716/Boris-predicts-end-Euro-12-months-bubblegum-treaty--Camerons-hardline-stance-sees-Tories-open-strong-poll-lead.html

Besides it appears My Cameron did the right thing because looky, the Tories are ahead in the polls, meaing quite a few people agree with what he did and not considering him as "utterly imcompitent".

Albatross wrote:

Joey wrote:

Juvieus Kaine wrote:Well that's a very nice quote from one man in Government. Shame the Mayor of London doesn't agree, along with other support from Hungary, Czech Republic and Ireland.

The mayor of London is a right-winger who quite probably has designs on being Prime Minister himself.

Vince Cable is a Lib-Dem europhile with a history of speaking out of turn in order to accumulate political capital for himself, even if it negatively affects the government of which he is a member. That Cable is is attempting to attract favourable headlines by briefing against his coalition partners does not mean that what Cameron did was wrong.

Nor really does it mean Joey is right since I'd rather take the word of Boris Johnson than Vince Cable. See, personal opinions.

Unfortunately Joey you have an opinion that conflicts with others, which is why arguing on the Internet never works. I respect your opinion but I disagree with it, as do others here. I think what caused more upset was saying Mr Cameron was incompitent, because really a lot of the public think he did the right thing. On the face of things, the Euro is a dead weight in the mury waters of economy; it'll go when people let it go. And sadly politicians and bankers won't let it go because there isn't an alternative currency in place. And yes I reocgnise doing such a thing is both time-costing and incredibly expensive, not to mention very frustrating, but I really can't see a way to save the Euro.

Speaking of which, it was revealed the other day that the European Banks wanted the UK to pay out 30 billion (I think) euros to prop up the Euro and help bail out other countries. This is 20 billion more than the budget set out by the government, which is 40 billion total. 30 billion has already been paid out and Europe wants 30 billion more. Somehow I think avoiding that was a wise move.