European Tribune - Comments - Anglo Disease

Anglo Disease - My job is done | 18 comments (18 topical, editorial, 0 hidden)

Re: A side order of Schadenfreude (none / 0)

And if the dollar is threatened, where does this leave Sterling? A charming regional affectation?

"It's a mystery to me - the game commences, For the usual fee - plus expenses, Confidential information - it's in my diary..."

by Frank Schnittger (mail Frankschnittger at hot dotty communists) on Wed Apr 30th, 2008 at 01:27:10 PM EST
[ Parent ]

Re: A side order of Schadenfreude (none / 1)

When the exchange rate reaches parity, Britain will start making noises about joining the euro, but since they are not even in the exchange-rate mechanism it would take upwards of two years to join and by then maybe the pound will be worth 50 Euro cents.

When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done. — John M. Keynes

by Migeru (migeru at eurotrib dot com) on Wed Apr 30th, 2008 at 01:33:26 PM EST
[ Parent ]

Re: A side order of Schadenfreude (none / 1)

Alternatively, you will be hearing claims that the "over-valued" Euro would damage British Competitiveness if Britain were to join and that "British Industry" needs the £ to devalue to regain competitiveness. What will kill Sterling is if the "financial Services Industry" starts losing out to Frankfort/Paris

"It's a mystery to me - the game commences, For the usual fee - plus expenses, Confidential information - it's in my diary..."

by Frank Schnittger (mail Frankschnittger at hot dotty communists) on Wed Apr 30th, 2008 at 05:28:19 PM EST
[ Parent ]

Anglo Disease - My job is done | 18 comments (18 topical, 0 editorial, 0 hidden)

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