How's that Euro treatin' ya Eurotrashboy?

[Goalie Interference]

This is priceless! Current headline on Drudge states Euro falls further on EU breakup talk.
http://news.ft.com/cms/s/40e6b0e0-d28a-11d9-bead-00000e2511c8.html
What's happening to your almighty currency union Iraqimillionaire?

[dougmyers]

This is priceless! Current headline on Drudge states Euro falls further on EU breakup talk.
http://news.ft.com/cms/s/40e6b0e0-d28a-11d9-bead-00000e2511c8.html
What's happening to your almighty currency union Iraqimillionaire?
================================================== =====

Well now this wont be good for that Spanish Fly at all!

[BrerRabbit]

http://www.bloomberg.com/apps/news?pid=10000100&sid=a5.MMPB01Ghs&refer=germany

[Dinaress]

No fooling GI, but with the Euro going from 1.39 down to 1.22 it looks to me like IM ate too many JALAPENOS huh? :lmao:

[stayfrosty5]

That guy sucked at life.

frosty

[drtymnky]

Heeheeheeheehee!!!!!!!! :lmao:

[swartzfeger]

Looks like I missed on some 'choice' posts from eurotrashboy/iraqimillionaire.

I suppose indulging in a little schadenfreude (no pun intended) at the expense of others won't hurt too much... :)

[Runamuck]

That guy sucked at life.

frosty


Hahahahah I think that sums it up Perfectly!!!! 5 stars for Frosty

[Mucho Dinaro]

Looks like I missed on some 'choice' posts from eurotrashboy/iraqimillionaire.

I suppose indulging in a little schadenfreude (no pun intended) at the expense of others won't hurt too much... :)


Isn't that the psychosis that involves wanting your mother??? J/K ;)


Way to go IM.......you accuse us of chasing our cousins and you want your own mother......You go boy :lmao:

[swartzfeger]

Isn't that the psychosis that involves wanting your mother??? J/K ;)

For those wondering...

Schadenfreude (http://dictionary.reference.com/search?q=schadenfreude)

[Dinaress]

Top German finance officials recently discussed abandoning the euro over fears the single currency was doing serious harm to their economy.

Germany's Stern magazine reported Finance Minister Hans Eichel called a secret Berlin meeting last week, which included Axel Weber, the Bundesbank chief and began with a briefing by Joachim Fels, Morgan Stanley's eurozone economist.

http://www.menafn.com/qn_news_story.asp?StoryId=CqP6eqeidz2vYBwfUEs1LDxj V

[lordrazor1]

Top German finance officials recently discussed abandoning the euro over fears the single currency was doing serious harm to their economy.

Germany's Stern magazine reported Finance Minister Hans Eichel called a secret Berlin meeting last week, which included Axel Weber, the Bundesbank chief and began with a briefing by Joachim Fels, Morgan Stanley's eurozone economist.

http://www.menafn.com/qn_news_story.asp?StoryId=CqP6eqeidz2vYBwfUEs1LDxj V

Why don't the Germans ask France and Russia to bail them out? It seems they lie in the same bed.

[Sandman]

I wonder if this will make the GCC think twice before it adopts a single currency?

[Aunt Gwennie]

I wonder if this will make the GCC think twice before it adopts a single currency?

I was just wondering the very same thing.

AG

[arh777]

Italy minister says should study leaving euro-paper


Email this Story

Jun 3, 3:21 AM (ET)


Italian Prime Minister Silvio Berlusconi looks on during the Republic day parade in central Rome...
Full Image


ROME (Reuters) - Italy should consider leaving the single currency and reintroducing the lira, Welfare Minister Roberto Maroni said in a newspaper interview on Friday.

http://reuters.myway.com/article/20050603/2005-06-03T072109Z_01_N03232223_RTRIDST_0_NEWS-ECONOMY-ITALY-EURO-DC.html

[Big Daddy Dinar]

Got a big kick out of this quote in this article:

"France, Italy and Germany would be in a better state without the euro. However, I don't believe we should ditch it now.

"But either it is reformed, and the central European Bank kick-starts growth by lowering interest rates and pursuing a more American-style monetary policy, or the euro will explode in mid-air."

Hopefully, Iraqi multimillionaire has all of his money tied up in Euros. It may be devalued within 6 months. :lmao:

Blair gives up on his EU dream
By Melissa Kite, Toby Harnden and Tony Paterson
(Filed: 05/06/2005)

Tony Blair has given up on Europe as an issue worth fighting for, senior allies of the Prime Minister have told The Sunday Telegraph.

A leading Blairite cabinet minister made the admission last night as the European Union descended into deeper turmoil, with doubts surfacing over the future of the single currency.

Tony Blair
Tony Blair: ‘Africa is worth fighting for. Europe... is not’

Mr Blair, who will seek to shift the focus of his administration on to poverty in the Third World this week during talks with President Bush, has told his closest allies: "Africa is worth fighting for. Europe, in its present form, is not."

The signal is an astonishing U-turn for a leader who said three years ago that the euro was "our destiny" and who announced a British referendum by proclaiming: "Let the battle be joined." But one of his closest allies said that Mr Blair no longer believed that putting Britain at the heart of Europe could be his legacy: "Europe is back to the drawing board. Africa will become more important."

Mr Blair flies to Washington tomorrow to try to secure support for proposals to tackle poverty ahead of next month's G8 summit in Gleneagles. But the Prime Minister is unlikely to be able to divert attention completely from the chaos over Europe's future.

President Chirac of France and Germany's Chancellor Schröder held a summit in Berlin last night after the No votes in France and Holland on the constitution.

EU

Yet the crisis widened beyond the document alone, with a media offensive being mounted to bolster the euro after German officials and an Italian minister openly discussed its possible demise. In the first rumblings of a call for the franc to be reinstated, Nicolas Dupont-Aignant, a member of Mr Chirac's ruling UMP party, said: "France, Italy and Germany would be in a better state without the euro. However, I don't believe we should ditch it now.

"But either it is reformed, and the central European Bank kick-starts growth by lowering interest rates and pursuing a more American-style monetary policy, or the euro will explode in mid-air."

The governor of France's central bank, however, rushed to the euro's defence. Christian Noyer said that the currency was "in no way under threat" following its fall in value since the No votes of the past seven days. He dismissed as "absurd" the idea of a temporary withdrawal from the euro by individual states.
[/B]
"The euro is a solid currency which brings us a lasting guarantee of stable prices and thus the maintenance of purchasing power for our wages and savings," he told Le Parisien newspaper.

The markets have been slowly adjusting to the possibility of the break-up of the euro, with the spread between government bonds in different countries widening.

Last night, John Redwood, the leading eurosceptic Tory MP, said: "You can't have a single currency without a single government. They are in a mess because they have only done half of it and they are now discovering in a painful way what that means."

The No campaign in Britain will launch a campaign tomorrow demanding a referendum on any aspects of the constitution that leaders might attempt to salvage. It will also unveil 46 new business backers, including Stuart Rose, chief executive of Marks & Spencer.

An ICM poll for the No group found that 81 per cent of voters say that it would be unacceptable to bring in any of the proposals without a referendum in Britain first.

[Jerry]

I was just wondering the very same thing.

AG
Big difference here Gwenn... Euro is founded on the fundamentals of trade. Since the U.S. has lowered the dollar Germany and the others now find themselves in a lock out tag out position due to thier exports becoming so exensive no one wants them.

Oil however, nations dont want... they NEED. A currency backed by severl oil producing countries pegged to the dollar will do wonders for the U.S. This plan has been in the works for a long time. I believe it was first incepted by the Regan administration.

Dont fret... it will all pan out just fine.

[MEALTICKET]

I hear it's like 80 cents to 1.26 EU and falling?

[BrerRabbit]

http://www.timesonline.co.uk/article/0,,13509-1646717,00.html

[Aunt Gwennie]

Big difference here Gwenn... Euro is founded on the fundamentals of trade. Since the U.S. has lowered the dollar Germany and the others now find themselves in a lock out tag out position due to thier exports becoming so exensive no one wants them.

Oil however, nations dont want... they NEED. A currency backed by severl oil producing countries pegged to the dollar will do wonders for the U.S. This plan has been in the works for a long time. I believe it was first incepted by the Regan administration.

Dont fret... it will all pan out just fine.

And as always...you are so great at explaining things to me that makes it easier to understand. I can not begin to express my appreciation for all I have learned from your posts and the links you provide.

Thank you for being a very valued member and friend.

AG