Dig up your old punts its clear we are breaking loose from the euro

derry

Because we are tied to the Euro we are in knot

My Bet is the regime are printing up punts.Soon then we break from the euro massive inflation in the punt and we wont have an arse in our trousers

Then maybe in five years we renter the Euro when the fire is out

Ah well it was fun while the alley cat (jumped up pretend tiger) ran the show

Party over bad hang over
Anyway we are only 0.3% off the GNP of EU so the EURO wont miss a fly falling off


Derry

Jimdagym

...,,..,,,

bauderline

In the words of jeremy paxman ...... "Yeeeeesssssssssss..............."

mike65

*facepalm*

derry

First game plan is make punt for all interior ROI activity pay purchase etc and keep Euro for only forigien transactions

Or go the Iceland route and float free and find a bottom and then start digging up

Either way its gonna hurt like hell

As the doctor Duetchmark err DEURO owners will say "NO PAIN NO GAIN"

This red indian from the the republik of Lakotah explains the world economic crisis better than I can

http://www.liveleak.com/view?i=a9c_1223606742

Derry

nesf

o_0

peasant

Leaving aside conspiracy theories and native american prophecys for a moment...

I read yesterday that Irelands national debt is now assumed to be somewhere around the 11% mark (of GDP) wheres as the core EU countries still struggle to keep it under the prescribed 3%.

They probably won't manage that completely either, but Ireland will soon be 4 times over the "legal limit" for membership of the Euro-Zone.

Whatever about the governement planning to print old money again ...could the EU actually kick us out of the Euro??

mike65

Nope, if we leave it'll be a blow to the currency, actualy it could start a domino effect (Greece, Spain, Portugal and Italy all following) Why give George Soros the chance to make another billion?

nesf

peasant wrote: »

I read yesterday that Irelands national debt is now assumed to be somewhere around the 11% mark (of GDP) wheres as the core EU countries still struggle to keep it under the prescribed 3%.

They probably won't manage that completely either, but Ireland will soon be 4 times over the "legal limit" for membership of the Euro-Zone.

You're thinking of the budget deficit rather than national debt. The EU can and does give permission to exceed this limit under exceptional circumstances. It's if you exceed it under normal conditions that there's a problem. So long as Ireland is seen to be making genuine efforts to close the budget deficit then from my understanding the EU will be tolerant of deviations from 3%.

Run_to_da_hills

We may not have a "physical" currency in five years time. (NFC) "Near Field Communication" phones are currently being developed that are well capable of taking over many of the day to dat cash transactions. Watch out for them at a phone shop near you.

http://en.wikipedia.org/wiki/Near_Field_Communication

mike65

A real crash is bad enough without my spends going blue screen every other transaction!

derry

mike65 wrote: »

Nope, if we leave it'll be a blow to the currency, actualy it could start a domino effect (Greece, Spain, Portugal and Italy all following) Why give George Soros the chance to make another billion?

#

Al Europe is putting out fires in thier own finiancial markets.To busy to send any extra suppport to us.The Euro is the german Duetch mark in another form and the abilty for the germans to keep juggling Italy Greece Spain Portugal in deep trouble and ROI playng fast catch up is limited.

When they made the euro they knew there was a risk to hit the buffers and those buffers are a bombing $ and similar sterling fall.

The regime is is in a fix and cant pull it normal three card tricks and inflate (print more monoply money )thier way out of this mess as the Euro rules screw them.


However like all leaky buckets the most logical projections show the ROI will join the other basket cases out there like south mediterian countries


So the fissure lines are opening up and bail outs from the Euro are set to become the new mantra. It would probaly suit the major powers like Germany France Benlux Sweden to cut lose from basket cases either with a few hints or else with a shove .


Italy being the oldest member of the EU might be spared the ignomy of getting the shove


Basically the free ride in the EU and Euro is close to over if not over and the fall back plan B has probaly been dusted down .

Any way it costs bugger all to print billions in paper money for each basket case country and run a second legal tender within the walls of the individual EU regimes .

Then the regime here can get back to its old tricks run inflation throught the roof and stop you going to northern Ireland and even get the banks to screw us again for currency changes.

Some countries might try that but my guess is most basket cases will just cut loose for a few years as then they dont have to work with the EU on every minutia detail of finance


Some bright spark coined it Ireland and Iceland are only one letter and 6 months in the difference. how many Kroner = 1 punt

So nip down to to your local pub and buy those old punts of the wall they pinned that old currency too in the goodbye to the punt days as that might make better toilet paper than the new punt that they stick us with .

Of course the cute whores will have already got their Euros off shore before the punt euro swap is stuck on us


Derry

Time Magazine

Jaysis.

Derry, any more ridiculous crap and it's bye byes again.

Rtdh, your RFID obsession is not relevant to the Economics forum.