The Best Cyprus Community

Skip to content


The Euro Zone Mess

Everything related to politics in Cyprus and the rest of the world.

Re: The Euro Zone Mess

Postby supporttheunderdog » Sat Mar 23, 2013 5:42 pm

An analytical document on departure from the Euro:

Leaving the euro: A practical guide

http://www.policyexchange.org.uk/images/WolfsonPrize/wep%20shortlist%20essay%20-%20roger%20bootle.pdf
User avatar
supporttheunderdog
Main Contributor
Main Contributor
 
Posts: 8191
Joined: Thu Oct 28, 2010 3:03 pm
Location: limassol

Re: The Euro Zone Mess

Postby supporttheunderdog » Tue Jul 02, 2013 9:46 pm

A news item on the Eurozone mess, which is apparently not yet over.

http://qz.com/99915/portugal-and-greece-are-now-vying-to-be-this-weeks-crisis-in-europe/
User avatar
supporttheunderdog
Main Contributor
Main Contributor
 
Posts: 8191
Joined: Thu Oct 28, 2010 3:03 pm
Location: limassol

Re: The Euro Zone Mess

Postby supporttheunderdog » Tue Jul 02, 2013 9:46 pm

A news item on the Eurozone mess, which is apparently not yet over.

http://qz.com/99915/portugal-and-greece-are-now-vying-to-be-this-weeks-crisis-in-europe/
User avatar
supporttheunderdog
Main Contributor
Main Contributor
 
Posts: 8191
Joined: Thu Oct 28, 2010 3:03 pm
Location: limassol

Re: The Euro Zone Mess

Postby supporttheunderdog » Sun Oct 13, 2013 7:43 pm

And the next round in the saga now starts

http://cyprus-mail.com/2013/10/13/europe-prepares-to-come-clean-on-hidden-bank-losses/

Looks like many banks have Laili and BoC type issues...

Short back and sides, and a something for the weekend, please Mr Barber...
User avatar
supporttheunderdog
Main Contributor
Main Contributor
 
Posts: 8191
Joined: Thu Oct 28, 2010 3:03 pm
Location: limassol

Re: The Euro Zone Mess

Postby Flying Horse » Sun Oct 13, 2013 8:53 pm

supporttheunderdog wrote:And the next round in the saga now starts

http://cyprus-mail.com/2013/10/13/europe-prepares-to-come-clean-on-hidden-bank-losses/

Looks like many banks have Laili and BoC type issues...

Short back and sides, and a something for the weekend, please Mr Barber...


Exactly.
Reading between the lines, the little people of Spain and Italy better hide their savings under a mattress.

'The Cyprus experiment, coming to a bank near you soon'!

As if we couldn't see that coming :roll:
User avatar
Flying Horse
Contributor
Contributor
 
Posts: 709
Joined: Sat Jul 13, 2013 5:38 pm

Re: The Euro Zone Mess

Postby supporttheunderdog » Tue Feb 02, 2016 8:40 pm

Flying Horse wrote:
supporttheunderdog wrote:And the next round in the saga now starts

http://cyprus-mail.com/2013/10/13/europe-prepares-to-come-clean-on-hidden-bank-losses/

Looks like many banks have Laili and BoC type issues...

Short back and sides, and a something for the weekend, please Mr Barber...


Exactly.
Reading between the lines, the little people of Spain and Italy better hide their savings under a mattress.

'The Cyprus experiment, coming to a bank near you soon'!

As if we couldn't see that coming :roll:


I understand most EU nations have quietly rolled out bail in legislation....and there are reports Germany us in deep financial do-do. With France also struggling who knows what is going to happen.....
User avatar
supporttheunderdog
Main Contributor
Main Contributor
 
Posts: 8191
Joined: Thu Oct 28, 2010 3:03 pm
Location: limassol

Re: The Euro Zone Mess

Postby repulsewarrior » Tue Feb 02, 2016 10:01 pm

...i am waiting for Erdogan, what seems the center of the EU's attention, what with the migration he can continue to allow (read: promote), or not. He understands well, what is the game of confidence on which all this Finance hangs on. He has the opportunity to bring it down, borrowing more, carrying more debt, demanding more, and by overwhelming Europe with people; at one point turning, denial complete, intentional, his own bankruptcy, tearing what debt he has to the West in pieces, for one reason or the other he'll say, "Death to America".

Like minded there is, who would follow, this ultimate distraction in his own sphere and the entire EU, helping him; the bloodshed which would follow, becomes hope from the ruins in any case. While Europe would be left a place completely different to what it is today (and in a worsened state), Turkey, (whether Erdogan would survive this mess or not) would hardly change (as in becoming a better place to live).

...anyway, just a dark fantasy, had to get it on paper so to speak, have a good day.
User avatar
repulsewarrior
Main Contributor
Main Contributor
 
Posts: 7609
Joined: Sat Apr 08, 2006 2:13 am
Location: homeless in Canada

Re: The Euro Zone Mess

Postby supporttheunderdog » Wed Feb 03, 2016 6:31 am

Portugal has already started the process with a bail in of some bold holders in one of their banks...and I understand that in Italy several banks have effectively gone to the wall and bomd holders have pretty much been wiped out.
User avatar
supporttheunderdog
Main Contributor
Main Contributor
 
Posts: 8191
Joined: Thu Oct 28, 2010 3:03 pm
Location: limassol

Re: The Euro Zone Mess

Postby supporttheunderdog » Mon Mar 27, 2017 12:31 pm

And so it continues

https://www.euractiv.com/section/elections/news/study-frexit-chaos-would-be-worse-than-collapse-of-lehman-brothers/

Interestingly mentions Italian Exit from the Euro

http://bruegel.org/2017/03/debunking-5-myths-about-frexit/

Brexit will have less of a direct impact on the Euro as a currency as the UK is not a Euro currency nation, as France is, but it will leave a hole in the EU Budget.
User avatar
supporttheunderdog
Main Contributor
Main Contributor
 
Posts: 8191
Joined: Thu Oct 28, 2010 3:03 pm
Location: limassol

Re: The Euro Zone Mess

Postby GreekIslandGirl » Mon Mar 27, 2017 7:19 pm

Stop making a further fool of yourself. :P

- Everyone knows this is your way of feeling better now that the UK is splintering ....
User avatar
GreekIslandGirl
Main Contributor
Main Contributor
 
Posts: 8954
Joined: Sat Oct 15, 2011 1:03 am

PreviousNext

Return to Politics and Elections

Who is online

Users browsing this forum: No registered users and 0 guests