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sheikh radlinrol · Joined: 30 Jan 2007 Posts: 1222 Location: Spain

This won�t interest our friends from New York or California but there does seem to be a feeling that certain European countries could soon be digging out their old drachmas, escudos, punts and even pesetas! One unkind commentator recently said that the PIGS, as they are known, deserved the acronym since they had ��had their snouts in the trough for years��. Any economists reading this?

spiral78 · Joined: 05 Apr 2004 Posts: 11534 Location: On a Short Leash

I'm not an economist, but I sometimes play one in the classroom Cool

The general concensus here so far (I mean in our Economics faculty, in a highly reputable European university) is that the Euro is likely to survive, though there are probably some tough times ahead.

I can couch it in more economical terms, and go into (a bit) more detail, but overall, the Euro still looks like a reasonable bet for the future, according to my colleagues, who are real Economists Very Happy

Sashadroogie · Posted: Sat Jun 18, 2011 9:39 pm Post subject:

The euro is an essential part of the Soviet plan for the Evropeiski Soyuz. It will not fail. The system works.

johnslat · Posted: Sat Jun 18, 2011 11:02 pm Post subject:

"The euro is an essential part of the Soviet plan for the Evropeiski Soyuz. It will not fail. The system works."

I wasn't worried before, but now . . . . . Shocked

Regards,
John

astrayalien · Joined: 01 Feb 2011 Posts: 85 Location: China

Who knows what will happen to various currencies? I do however convert spare cash to physical gold and silver bullion. All paper currencies fail eventually, we just don't know the timing.

I'm start my first job in China soon, I will investigate the possibility of purchasing gold and silver coins from the bank with my spare cash.

naturegirl321 · Joined: 04 May 2003 Posts: 9041 Location: home sweet home

They must have had a plan when they started the euro. Sure, there are problems now, but all currencies have issues. Soemtimes they get revamped and often get the name "new" stuck in front of them, but with all the countries dependent on one, it shouldn't be too bad.

spiral78 · Joined: 05 Apr 2004 Posts: 11534 Location: On a Short Leash

naturegirl321 · Joined: 04 May 2003 Posts: 9041 Location: home sweet home

Yep, exactly Smile

now they'll help each other out. A friend in need is a friend indeed.

astrayalien · Joined: 01 Feb 2011 Posts: 85 Location: China

I'm sure the Germans will be really happy to bail out Greece, Spain, Portugal and Italy.

johnslat · Posted: Tue Jun 21, 2011 12:09 pm Post subject:

Well, it's a change from invading them, anyway, Very Happy

Regards,
John

scot47 · Joined: 10 Jan 2003 Posts: 15343

Invasions these days are more likely to be done by the agents of the Military-Industrial Complex in Washington, DC !

johnslat · Posted: Tue Jun 21, 2011 6:36 pm Post subject:

Dear scot47,

Well, when Germany went all wobbly and peacenik, somebody had to do that dirty job.

Regards,
John

Isla Guapa · Posted: Tue Jun 21, 2011 7:32 pm Post subject:

I wonder who will take over when the US bows out?

Sashadroogie · Posted: Tue Jun 21, 2011 7:41 pm Post subject:

They only went peacenik after the Motherland invaded them good and proper.

By the way, the 22 of June is the 70th anniversary of the start of the Great Patriotic War...

'Come and See', lest we forget:

http://www.youtube.com/watch?v=WFjt0qmoNSA

johnslat · Posted: Tue Jun 21, 2011 8:33 pm Post subject:

Dear Isla Guapa,

"I wonder who will take over when the US bows out?"

My money's on Liechtenstein. They're admittedly small, but they're fierce.
And they're way overdo for world domination.

Regards,
John