Comments on: The euro breakup thrill ride begins http://blogs.reuters.com/felix-salmon/2011/11/09/the-euro-breakup-thrill-ride-begins/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: DrJJJJ http://blogs.reuters.com/felix-salmon/2011/11/09/the-euro-breakup-thrill-ride-begins/comment-page-1/#comment-33078 Tue, 15 Nov 2011 00:57:08 +0000 http://blogs.reuters.com/felix-salmon/?p=11021#comment-33078 France is a muslim state now so they should be able to get some help and further influence from the middle east! I wouldn’t want to be a French women about now!

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By: alanchristopher http://blogs.reuters.com/felix-salmon/2011/11/09/the-euro-breakup-thrill-ride-begins/comment-page-1/#comment-33069 Mon, 14 Nov 2011 19:46:43 +0000 http://blogs.reuters.com/felix-salmon/?p=11021#comment-33069 The problem is that no one except China is doing the basics. Sticking money in banks won’t help. Banks must lend money to small businesses that hire most new workers and provide pay checks, thereby creating new customers. There is no jobless recovery because a jobless recovery would be a customerless recovery, and that doesn’t work. China’s 12th Five Year Plan (2011-2015) develops central and western provinces with infrastructure and JOBS and PAYCHECKS to create CUSTOMERS and run their economy and pay TAXES that will yield a $500 billion internal budget SURPLUS for 2011. China planned to reduce its trade surplus by 20% but foreign natural disasters kept the reduction to 10%. Infrastructure plans set the growth rate to fall to 9.0% until USE of infrastructure would cause the growth rate to rise again, but foreign natural disasters have kept domestic growth at 9.4%. The point is that few read Xinhua to understand the technocrats with degrees in science, engineering, technology, business, and economics who run China and see which tactics might work in the West. The US prefers politicians, preachers, and propagandists. Fortunately, the fall of Greece will bring down Italy, the EU, and the US into a depression that will last a decade, and the West can study China’s successes and determine which parts of China’s system may work in the West as it tries to recover.

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By: DrJJJJ http://blogs.reuters.com/felix-salmon/2011/11/09/the-euro-breakup-thrill-ride-begins/comment-page-1/#comment-33067 Mon, 14 Nov 2011 18:20:43 +0000 http://blogs.reuters.com/felix-salmon/?p=11021#comment-33067 France is now a muslim country so count them out, Germans can’t work anymore overtime and most of Southern Europe is too bust drinking their way through long lunches to care!

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By: sarkozyrocks http://blogs.reuters.com/felix-salmon/2011/11/09/the-euro-breakup-thrill-ride-begins/comment-page-1/#comment-32967 Thu, 10 Nov 2011 19:24:08 +0000 http://blogs.reuters.com/felix-salmon/?p=11021#comment-32967 This guy has been right all along on the Eurozone…his analysis and solutions are spot-on. Debate all you want, but this is what is going to happen next:
http://jackworthington.wordpress.com/201 1/11/09/reality-hits-the-eurozone-finall y/

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By: mattdebord http://blogs.reuters.com/felix-salmon/2011/11/09/the-euro-breakup-thrill-ride-begins/comment-page-1/#comment-32959 Thu, 10 Nov 2011 17:40:55 +0000 http://blogs.reuters.com/felix-salmon/?p=11021#comment-32959 Felix: Krugman, Wolf, yourself, others: As much as we see this as a political and financial crisis, is the key problem that the euro is losing intellectual support? That is, it’s impossible to defend as an idea, even if it might be able to survive in some technical sense?

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By: fred5407 http://blogs.reuters.com/felix-salmon/2011/11/09/the-euro-breakup-thrill-ride-begins/comment-page-1/#comment-32958 Thu, 10 Nov 2011 16:42:21 +0000 http://blogs.reuters.com/felix-salmon/?p=11021#comment-32958 I think that countries leaving the Eurozone might be better off. I think the power grab was to give the countries all the money they could borrow, and then they would come under the power of the WTO and the world bank. Then they would lose their freedom to manage their country. I believe that Bill Clinton sold out the United States to these same people and we are reaping the crop sowed by Bill and Hillary. We in the US are now as sick as Greece and Italy, but we are still in denial of the problem.

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By: scyth3 http://blogs.reuters.com/felix-salmon/2011/11/09/the-euro-breakup-thrill-ride-begins/comment-page-1/#comment-32954 Thu, 10 Nov 2011 14:06:24 +0000 http://blogs.reuters.com/felix-salmon/?p=11021#comment-32954 @johnhhaskell – that’s 7 million less to join england, living alone and beyond any influence:

http://uk.reuters.com/article/2011/11/09  /uk-europe-uk-banks-idUKTRE7A863O201111 09

(quote) “An argument presented by the Swedes or the Polish carries far more weight than one that’s presented by the UK at the moment,” said Cummings, Chief Executive of lobby group TheCityUK.”

So what else you got either?

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By: johnhhaskell http://blogs.reuters.com/felix-salmon/2011/11/09/the-euro-breakup-thrill-ride-begins/comment-page-1/#comment-32948 Thu, 10 Nov 2011 12:37:58 +0000 http://blogs.reuters.com/felix-salmon/?p=11021#comment-32948 @Dan85 – in other words, the Baltics will do anything to join any Western club so that they get as far as they can from Russian influence. Great! That’s 7 million people if all 3 join.

Who else you got?

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By: pavlaki http://blogs.reuters.com/felix-salmon/2011/11/09/the-euro-breakup-thrill-ride-begins/comment-page-1/#comment-32946 Thu, 10 Nov 2011 11:43:53 +0000 http://blogs.reuters.com/felix-salmon/?p=11021#comment-32946 I would like to see ‘a’ Euro survive but not a Euro zone made up of the current members. There will always be too many strains existing as a result of divergent economies and life styles. If Germany, Austria, Holland, Finland and maybe France were to pull out then the Euro could survive ( devalued) for the remaining countries. Germany could remove it’s veto of the ECB printing Euros allowing debt to be purchased. It would of course cost Germany dear as it will be owed a lot of money in the devalued Euro’s but probably not as much as if the entire Euro zone crashes.

If a tightly controlled ‘northern’ Euro zone were created then I could see the UK joining at some future date.

While they are at it could they reform the EU to make it a democratically elected body, much smaller in size and cost and to clean out the enormous amount of waste of money that exists within the current EU. Imagine – an EU that was popular with it’s citizens! Now there’s a thought.

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By: ektope http://blogs.reuters.com/felix-salmon/2011/11/09/the-euro-breakup-thrill-ride-begins/comment-page-1/#comment-32945 Thu, 10 Nov 2011 11:04:59 +0000 http://blogs.reuters.com/felix-salmon/?p=11021#comment-32945 The wishful thinking of a typical englishman since day one of the birth of Euro.It will remain a wishfull thinking as the Euro is here to stay strong unlike the Britsh pound that will be constantly devalued and eventually became an ordinary irrelevant currency.

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