the EURO is dead
Re: the EURO is dead
Oh well. It was a fun little experiment. Too bad so many took it seriously.
Trying to hobble together a political and financial brotherhood among such disparate, adversarial and nationalistic countries was doomed from the start. I'm surprised it lasted as long as it did.
Layering on far-flung former soviet states only accelerated the demise.
Looks like Greece will get away with a fantastic trillion-dollar bailout just before the EU implodes. I wouldn't be surprised to see Spain, Portugal and Ireland start spending like mad to get some of that free cash France and Germany are spewing out in a last-ditch effort to save their beloved euro.
Trying to hobble together a political and financial brotherhood among such disparate, adversarial and nationalistic countries was doomed from the start. I'm surprised it lasted as long as it did.
Layering on far-flung former soviet states only accelerated the demise.
Looks like Greece will get away with a fantastic trillion-dollar bailout just before the EU implodes. I wouldn't be surprised to see Spain, Portugal and Ireland start spending like mad to get some of that free cash France and Germany are spewing out in a last-ditch effort to save their beloved euro.
Re: the EURO is dead
Tex; you could justifiably replace nationalistic with xenophobic
Re: the EURO is dead
You are welcome to bury your dead Euros in my front yard. I will buy a suitable memorial for them.
-
- udonmap.com
- Posts: 569
- Joined: October 18, 2008, 1:46 pm
Re: the EURO is dead
Never mind the Euro who's going to save the pound
Re: the EURO is dead
We had dinner with a German fellow and his girlfriend tonight. We hadn't seen him since celebrating the New Year '10 in Nong Khai with our wives/girlfriends.
The euro was 50 to the baht then. It's 39 now... That's 20% in six months.
The euro was 50 to the baht then. It's 39 now... That's 20% in six months.
Re: the EURO is dead
Two thousand years ago the Greeks gave us knowledge; they have spent the last two thousand years trying to get it back.
Re: the EURO is dead
"The euro was 50 to the baht then. It's 39 now... That's 20% in six months."
Another good reason to always have a plan B in the hip pocket. Yesterday's turmoil was another reason. I'd never want to walk away from what we have here, but if the time came to do it, we could.....and we'd survive.
Another good reason to always have a plan B in the hip pocket. Yesterday's turmoil was another reason. I'd never want to walk away from what we have here, but if the time came to do it, we could.....and we'd survive.
Re: the EURO is dead
A euro is worth $1.25 today,
far more than the $.88 it was worth when it was first introduced.
So, this decline of the Euro ought to be viewed with perspective.
Wild statements like "EU implodes" are ....
The dollar has declined MUCH further and MUCH steeper, and it still hasn't recovered.
this seems like a good time to buy Euros and hold them...
far more than the $.88 it was worth when it was first introduced.
So, this decline of the Euro ought to be viewed with perspective.
Wild statements like "EU implodes" are ....
The dollar has declined MUCH further and MUCH steeper, and it still hasn't recovered.
In any case,It's kind of weird how every decline in the Euro's value is viewed as some sort of repudiation of their economies and political systems. I didn't hear a lot of those same arguments concerning the US when the dollar was tanking far further, at far faster rates of speed.
this seems like a good time to buy Euros and hold them...
- Farang1
- udonmap.com
- Posts: 547
- Joined: September 7, 2006, 8:48 pm
- Location: Just around the corner...
- Contact:
Re: the EURO is dead
To get the Euro's strength back, would the European workers accept cuts in their benefits rather than go on strike and riot like Greece, when their governments ask them to:
http://news.yahoo.com/s/ap/20100523/ap_ ... fare_state
"We have to adjust our social security systems in a way that they motivate people to accept regular work and do not give counterproductive incentives," German Finance Minister Wolfgang Schaeuble told news weekly Frankfurter Allgemeine Sonntagszeitung on Saturday.
Deep budget cuts are under way across Europe. Although the first round is focused mostly on government payrolls — the least politically explosive target — welfare benefits are looking increasingly vulnerable.
http://news.yahoo.com/s/ap/20100523/ap_ ... fare_state
Re: the EURO is dead
It seems to me that all currencies are going to hell in a handbasket with the exception of course,... wait for it,...the Thai baht. For what it's worth, the Canadian dollar has tanked 10% against Bht in 4 months with no end in sight, and our economy is in pretty good shape. I'm certainly no expert when it comes these things, but given what's been happening in LOS, shouldn't the Bht. be going down the toilet right now?
Re: the EURO is dead
From what I have read the Thai economy is solid. The state has a large accumulation of foreign currency. Their exports offset imports. In general the stocks on the Thai exchange are of good value when compared to the western world. Haven't seen evidence that their financial sector invested heavily in the mortage debacle. They have decent relations with neighboring countries. The royal family is still a mitigating factor in internal discontent. The tropical climate and access to the sea provide bountiful food goods. They have avoided the expenditure and disruption of foreign wars. The Thai state is far less destructive to their economy than most western nations.
-
- udonmap.com
- Posts: 101
- Joined: April 29, 2007, 12:18 am
Re: the EURO is dead
i totally agree with you ,
and we farangs ,,
still think we are the rich people in thailand .
the thai economy , despite the ploitical unrest ,
grew last mounth by 4.5 per cent .
and we farangs ,,
still think we are the rich people in thailand .
the thai economy , despite the ploitical unrest ,
grew last mounth by 4.5 per cent .
Re: the EURO is dead
funds from foreign investors keep on coming into Thailand (SET)
This is the main reason why the Thai Bath is so high....more and more demand pushes the Thai Bath higher and higher.....
Foreign investors were net buyers on every trading day!!!!!
This is the main reason why the Thai Bath is so high....more and more demand pushes the Thai Bath higher and higher.....
Foreign investors were net buyers on every trading day!!!!!
http://setnewsupdate.blogspot.com/2010/ ... 12010.htmlIn Q1/2010, The Stock Exchange (SET)'s performance overview improved both in terms of the SET Index and market capitalization. Trading value was slightly down quarter-on-quarter (q-o-q), yet it was still considered to be high. As of end-Q1/2010, the SET Index was 7.28% higher than at end-2009; this index rise was the second highest in percentage terms among other regional exchange indices, due to the Thai economic recovery and funds flowing from foreign investors to Asian markets, which have stronger economic foundations than those of developed countries.
Market capitalization was THB 6.37 trillion (USD 0.19 trillion),a 7.79% rise over Q4/2009, as a result of the Index rise. Q1/2010's daily average trading value was THB 19.59 billion (USD 606.49
million)
Re: the EURO is dead
http://www.bangkokpost.com/breakingnews ... h-forecastECB hikes growth forecast
* Published: 2/09/2010 at 09:26 PM
* Online news: Breakingnews
The European Central Bank on Thursday raised its growth and inflation forecasts for the 16-nation eurozone, with the economy now expected to expand 1.6 percent this year and 1.4 percent in 2011.
In June, the ECB had forecast growth at 1.0 percent in 2010 and 1.2 percent in 2012.
Earlier Thursday, the European Union reported second quarter eurozone growth of 1.0 percent, compared to quarter-on-quarter growth of 0.4 percent in the United States and 0.1 percent in Japan.
The ECB also revised its inflation forecasts for the eurozone to 1.6 percent in 2010, from 1.5 percent previously, and to 1.7 percent in 2011, from 1.6 percent.
The new estimates remained well below the ECB's medium-term inflation target of just under 2.0 percent.
ECB policymakers meanwhile left the bank's benchmark interest rate a record low 1.0 percent, as was widely expected.
Re: the EURO is dead
When the Euro first started, it was less than 1 USD, now it is, what 1.30 USD, not bad 30-40 % increase ?
Maybe Greece should be kicked out and return to the Drachma,they never played by the rules, but other Euro countries are doing OK.
Reports of the Euro demise are greatly exagerrated
Maybe Greece should be kicked out and return to the Drachma,they never played by the rules, but other Euro countries are doing OK.
Reports of the Euro demise are greatly exagerrated
Re: the EURO is dead
Postby cookie » May 23, 2010, 6:29 am
A euro is worth $1.25 today,
far more than the $.88 it was worth when it was first introduced.
And the above is A fact, not a dream!
By the way 1€ is 40,3399 Old BEF, In the time i change 40 Old BEF i receive around 40 Bath! Now fore 1€ i receive the same.
Its look more that the $, € and GBF comes to there normaly rate, afther high-end dreams
A euro is worth $1.25 today,
far more than the $.88 it was worth when it was first introduced.
And the above is A fact, not a dream!
By the way 1€ is 40,3399 Old BEF, In the time i change 40 Old BEF i receive around 40 Bath! Now fore 1€ i receive the same.
Its look more that the $, € and GBF comes to there normaly rate, afther high-end dreams
Re: the EURO is dead
there are rumors germany is going to go out of the euro beginning next year and are already printing german mark....
if this is true than it is the tombstone of the euro,......
if this is true than it is the tombstone of the euro,......
Re: the EURO is dead
http://www.nationmultimedia.com/home/Eu ... 37439.html
the euro should be dead according to the poster,
but asian central banks are converting us $ into the so called dead euro.....
the euro should be dead according to the poster,
but asian central banks are converting us $ into the so called dead euro.....
Euro currency at 3-week high
The euro currency rose to 1.2918 to the U.S. dollar, its highest since August 12, helped by Asian central banks (excluding Japan) converted U.S. dollars into euros.
European shares trading was subdued with U.S. financial markets closed for the Labor Day holiday.
the EURO is dead
the euro is dead ??????
1 EUR = 1.4624 USD
Euro gains vs dollar, Swiss franc hits record highs
http://www.reuters.com/article/2011/05/ ... 4020110527
=D> =D> =D> =D> =D>
1 EUR = 1.4624 USD
Euro gains vs dollar, Swiss franc hits record highs
http://www.reuters.com/article/2011/05/ ... 4020110527
=D> =D> =D> =D> =D>