And aren't we supposed to feel fools for not being part of it? Sterling, thanks to the idiotic economic policies of Gordon Brown, is a basket case. [...] If only we'd signed up for the euro: then we'd be smug too. Actually, I fear we wouldn't. [...] Exports from the eurozone are cripplingly expensive. France's aerospace business is tottering. Even its luxury marques like Chanel are having to lay people off. Before too long, there is going to be chaos in the eurozone, mark my words.
Actually, I fear we wouldn't. [...] Exports from the eurozone are cripplingly expensive. France's aerospace business is tottering. Even its luxury marques like Chanel are having to lay people off. Before too long, there is going to be chaos in the eurozone, mark my words.
Oh yes, let's not forget:
The confrontation between rhetoric and reality cannot be long delayed. [...] The bending of those rules cannot long escape the currency markets. They have picked off sterling and the dollar - the time cannot be far off when the short sellers go after the euro.
[Europe.Is.Doomed™ Alert] (Boy, do I feel better...) Europeans think a hundred miles is a long way. Americans think a hundred years is a long time.
BWAHAHAHAHA!!! LOL! ROTFLMAO!!!
<excuse me for a moment before I read beyond the title> *Lunatic*, n. One whose delusions are out of fashion.
We only do shouting and self-importance here - reality is something that never made it across the Channel.
An interesting point: whereas you can simply sell short a stock (in return for the currency it trades in, if you so wish), when it comes to currencies, well, you can only be short in a currency relative to another one. Dollar and sterling cannot fall in isolation, at least that's not what is being reported (you never see sterling value measured in units of Footsie -actually that would be an indicator that could be seen as going up, pick up on it Telegraph).
So, for the Euro to fall, you need to say against which currency. Sterling? Pray tell what in the "confrontation between rhetoric and reality" would lead to a rise in Sterling against the Euro?
Possibly the 8-9% UK government deficit, which as Sarkozy would explain is the vibrant sign of a healthy future (we were told in no uncertain terms that France's lower indebtedness compared to the UK or the US was due to our low confidence in the future. The UK must be truly sanguine these days, using that as an indicator). Earth provides enough to satisfy every man's need, but not every man's greed. Gandhi
