Protests in Greece

[Lazarus 0]

i might be talking complete and utter bollocks here but as i understand it......

 

certain scandanavian counties have their own currencies (ie not the euro) and are able to trade with the rest of europe via the European Economic Area agreement.

 

so trade within europe effectively has 2 tiers - a majority under the EU and a minority under the EEA and EFTA.

 

if greece/spain/portugals economy goes completely tits up surely they can just reintroduce the peso and slide into the 2nd tier so they can continue to trade??

[Toonpack 10411]

I was with my richest friend on monday (has his own chemical distribution company). All we talked about was the imminent collapse and how to buy long-term assets.

 

We have 2 years left. The deficit hawks will squeeze us into a double-dip recession and the system will fail.

 

I'm stealing a boat and heading north, which will be like heading south once the magnetic polarity is reversed.

 

 

It's the stuff wars are made of, geet big proper wars, not localised skirmish type wars either. Very scary.

[ChezGiven 0]

i might be talking complete and utter bollocks here but as i understand it......

 

certain scandanavian counties have their own currencies (ie not the euro) and are able to trade with the rest of europe via the European Economic Area agreement.

 

so trade within europe effectively has 2 tiers - a majority under the EU and a minority under the EEA and EFTA.

 

if greece/spain/portugals economy goes completely tits up surely they can just reintroduce the peso and slide into the 2nd tier so they can continue to trade??

 

This is the best summary of the situation i've come across so far.

 

 

[Park Life 71]

Funnily enough I was watching that earlier. I remember about 4 years ago on N.O. I would come on drunk late at night and tell (anyone who'd listen)..That it was all fucked. I had a mate at Coutts Bank who used to sit there and laugh at what was going on in the derivitives and currency markets. I think the insiders must have known at least 5-6 years ago it was all over. Anyway lucky in many ways we never joined the Euro.

[AgentAxeman 199]

Funnily enough I was watching that earlier. I remember about 4 years ago on N.O. I would come on drunk late at night and tell (anyone who'd listen)..That it was all fucked. I had a mate at Coutts Bank who used to sit there and laugh at what was going on in the derivitives and currency markets. I think the insiders must have known at least 5-6 years ago it was all over. Anyway lucky in many ways we never joined the Euro.

 

 

Aye, one of GB's finer moments when he was chancellor.

[Renton 22437]

Looks like we're canny fucked either way though.

 

I'm a europhile and still am. But I always thought bringing in the Mediterranean countries and the former Eastern Bloc was a step too far and driven by political rather than economic needs. If possible these countries should be hoyed out and Scandinavia, France, UK, Germany, and Benelux should start again. Undecided about Italy........