Watch the Euro!

[Mega]

Things haapening?
Mike

[Mega]

Re: Watch the Euro!

This could be WHY:-
http://uk.biz.yahoo.com/05102008/140...guarantee.html

The Germans have paniced!
Mike

[D-Mack]

Re: Watch the Euro!

http://www.belfasttelegraph.co.uk/br...-13992712.html

Greece introduces Irish-style bank deposit guarantee

Friday, 3 October 2008


The Greek Government has followed Ireland's lead by providing a state guarantee to underpin all bank deposits in the country

Others blinked first

[Mega]

Re: Watch the Euro!

Banking rules:-
1ST Don't Panic
Panic 1ST !
Mike

[mercerbear]

Re: Watch the Euro!

Yuck, I don't know if I should get out of my Euro position or hold it at this point. Some dollar hedge that turned out to be

[Tulpen]

Re: Watch the Euro!

Things haapening?
Mike

At this time the Euro is pretty much unchanged. The only currency in relative motion right now is the Australian Dollar.

[The Outback Oracle]

Re: Watch the Euro!

Ahhhhhhhhhhhh "she'll be right mate"

[GRG55]

Re: Watch the Euro!

At this time the Euro is pretty much unchanged. The only currency in relative motion right now is the Australian Dollar.

The Kiwi has pretty well tracked its Aussie counterpart down this year.

While the Aussies debate eating more 'roos, the Kiwis have come up with a much simpler, but hardly original, concept to do their part to save the planet...

'Taxing' farts and burps

Committed to the Kyoto Protocol, New Zealand promised to cut its emissions to 1990 levels. The country's biggest source is methane from cattle, and as Stephen Evans discovers, the issue is raising a stink among local farmers.

...First, the New Zealand government came up with the idea of putting a levy on the global-warming emissions of sheep and cows...

...And New Zealand, seeing itself as a good global citizen, committed itself to reduce its global warming emissions to 1990 levels.

Hence the levy, or "tax" as farmers like Frank immediately called it. In fact, a "Fart tax" - Fart, standing of course, for the Fight Against Ridiculous Taxes. This is a handy acronym for the bumper stickers that were soon as numerous as, well...as ruminant animals in New Zealand...

I wouldn't buy their currencies either...;)

[Louie.G]

Re: Watch the Euro!

...First, the New Zealand government came up with the idea of putting a levy on the global-warming emissions of sheep and cows...

I wouldn't buy their currencies either...;)

Don't blame you. It's grossly over valued IMHO.

I am wondering if this tax should not also apply to the Beehive (Name for the House of Parliament). After all, its occupants seem to emit more dangerous gases than all the cows and 40 million sheep put together lol. But then, maybe useless hot air isn't as damaging to the environment as it is to the people....

Cheers

[GRG55]

Re: Watch the Euro!

Don't blame you. It's grossly over valued IMHO.

I am wondering if this tax should not also apply to the Beehive (Name for the House of Parliament). After all, its occupants seem to emit more dangerous gases than all the cows and 40 million sheep put together lol. But then, maybe useless hot air isn't as damaging to the environment as it is to the people....

Cheers

The discussion of remedies to combat climate change, by presumably educated people, has decended to a level of banality that suggests the topic will not much longer hold the attention of either the world's citizens or media [other than those whose remuneration is directly dependent on the associated public financing of it].

If anti-global warming advocates wish to keep this front and centre with increasingly distracted citizens, they are going to have to try a bit harder.

[D-Mack]

Re: Watch the Euro!

.......

The EU Four warmed themselves cosily with the prospect of preventing countries from "acting unilaterally" to guarantee bank deposits in a way that would hit their neighbours' economies - only for Germany to do exactly the same thing last night.

And what is meant by acting unilaterally? Engaging in competition so that the would-be investor has a chance to protect himself? Rather than agreeing to plunge over the cliff in collective camaraderie with your neighbour states? Would you as a depositor like to have the option of moving your savings to a safer banking regime or would you prefer a deal to be done on your behalf by the Big Four that might or might not support your home banking industry? You might feel that there are arguments for both these possibilities, but nobody asked you before or during the Paris summit, did they?

European co-operation in this case, as in so many, seems to amount to conspiracy between the political classes of EU countries to prevent individual citizens from making choices that might jeopardise - what? Why, European co-operation, of course - which is a good in itself, even if it works against the interests of the individual or even all the individuals of a nation.

I cannot remember a time when the absurdity of the concept of economic union has been made so demonstrably clear, or when the democratic deficit of the EU - the way it does business with utter disregard for the opinions of its populations - has been so palpable if only by vivid contrast with the awkward, vulgar thrashing out of public policy that characterises the robust mass democracy across the pond.

Within the foreseeable future, we will know which of these governing philosophies was able to produce the economic goods. But if neither of them produces an immediate working solution, I know which one is more likely to have the flexibility and the popular support to adapt and survive.

http://www.telegraph.co.uk/opinion/m.../06/do0603.xml

unity at work