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 Anyone worried about the demise of the Euro?

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oldun
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PostSubject: Anyone worried about the demise of the Euro?   Thu Nov 24, 2011 4:57 pm

Hi - Just wondering if anyone selling property in Bulgaria or earning a living here is worried about what will happen to the Euro exchange rate if it fails? Are you worried about the exchange rate euro to pounds if you want to return to UK? What would it mean for the average Brit abroad? Will you get more or less pounds for the euro which would mean even more losses on a house sale if you are relocating back to Britain? Nothing any of us ordinary folks can do about it, but just wondering if anyone has thoughts on this.
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itchyfeet
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PostSubject: Re: Anyone worried about the demise of the Euro?   Thu Nov 24, 2011 6:39 pm

[You must be registered and logged in to see this link.] wrote:
Hi - Just wondering if anyone selling property in Bulgaria or earning a living here is worried about what will happen to the Euro exchange rate if it fails? Are you worried about the exchange rate euro to pounds if you want to return to UK? What would it mean for the average Brit abroad? Will you get more or less pounds for the euro which would mean even more losses on a house sale if you are relocating back to Britain? Nothing any of us ordinary folks can do about it, but just wondering if anyone has thoughts on this.

It's a question really of whether BG will finally adopt the Euro or whether there won't be a Euro by the time BG are destined to join. From the experience of other EU countries that have joined the Euro with regard to escalating the cost of living, it certainly wouldn't be a good move for BG to join the Euro. Perhaps for the odd bod who wants to sell his or her property it would do some good financially, but for the rest of us living in BG I can't see that it would be a good move by the BG government.

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oldun
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PostSubject: Re: Anyone worried about the demise of the Euro?   Sat Nov 26, 2011 9:40 am

I agree Itchyfeet but I was thinking in more general terms. If the euro collapses (though goodness how this will work) what will happen to its value eg. euro exchange to another currency? Will it become worthless meaning that if a British person wanted to send euros to UK will there be a significant loss in the exhange rate? I really don't understand all this money thing at all but it seems to me that anyone living on the euro (and don't forget the leva is pegged to it) is at risk of yet more financial loss.
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itchyfeet
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PostSubject: Re: Anyone worried about the demise of the Euro?   Sat Nov 26, 2011 9:58 am

[You must be registered and logged in to see this link.] wrote:
I agree Itchyfeet but I was thinking in more general terms. If the euro collapses (though goodness how this will work) what will happen to its value eg. euro exchange to another currency? Will it become worthless meaning that if a British person wanted to send euros to UK will there be a significant loss in the exhange rate? I really don't understand all this money thing at all but it seems to me that anyone living on the euro (and don't forget the leva is pegged to it) is at risk of yet more financial loss.

If the Euro does go down the Swanee there will be many who are stuck with Euros that they have stashed under the bed. None of this money will have accrued any tax of course having been acquired in the "
black market"
, many Italians will be scrabbling to get back into other currencies, not to mention the Greeks as well. When Spain entered the Euro there was a huge escalation in the purchase of yachts and other expensive seaworthy vessels in the outgoing Peseta, they were sold within a short space of time and the vendors had miraculously got their ill-gotten gains changed into the new sparkling Euro.

So perhaps a few will be caught with their money stuck in their trousers if the Euro does finish as a currency.


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Andy
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PostSubject: Re: Anyone worried about the demise of the Euro?   Sat Nov 26, 2011 7:10 pm

This may be slightley off topic but I dod beleive its of interest in the same context.

VICTORY IN NEW FIGHT TO QUIT EU

THE British public were given fresh hope in the battle to quit the European Union last night.

Calls were issued in the House of Lords for an inquiry into the multi-billion-pound cost of our EU membership.

A number of peers declared the eurozone crisis provided “immaculate timing” for a major report on whether it is worth being saddled with the ­burden of paying billions of pounds into Brussels coffers every year.

They insist that the huge costs to the British taxpayer “far outweigh the benefits” of being in the EU.

The peers’ attempt to force an inquiry into the economic benefits of Britain being in the EU, which was voted through yesterday, will increase the pressure for a referendum on EU membership.

And it gives fresh impetus to the Daily Express crusade to cut Britain’s ties with Brussels altogether.

Last month we forced a historic vote on a European referendum in the House of Commons.

And earlier this week we revealed that Britain poured a colossal £18.5billion into the EU last year – equivalent to £51million a day.

The staggering figures, £730 a year for every household in the UK, come on top of the £12.5billion shelled out to help rescue Greece, Ireland and Portugal with bailouts.

Speaking in the House of Lords yesterday, former Ukip leader Lord Pearson of Rannoch said a cost-benefit analysis of Britain’s membership of the EU was long overdue.

He told peers that a seven-strong committee of inquiry to report on the economic costs and benefits would help increase pressure for a referendum on EU membership.

Lord Pearson was opening a debate on the second reading of his European Union Membership (Economic Implications) Bill and after lengthy discussion fellow peers waved it through.

“For more than 30 years the political class has done its best not to talk about our membership of the EU,” he said.

“But the wheel of history turns. And the question as to whether we should leave the EU is now firmly back on the national agenda.

“But this Bill does not deal with that question. It is an altogether milder and more innocent creature.

“It merely requires the Chancellor to set up an impartial inquiry into the economic costs and benefits arising from our membership of the EU.”

Lord Pearson said the inquiry could look at some of the “fundamental misconceptions” about EU membership, such as the claim that British trade and jobs depended on it.

He said figures showed the UK made a net cash contribution, taking into account receipts from Brussels, of £10billion last year, or £28million every day “with perhaps none of it spent in our national interest”. This, he said, would pay the annual salaries of 940 nurses. The Bill will now go to the committee stage.

Tory former frontbencher Baroness Noakes backed the call for an inquiry, applauding Lord Pearson’s “immaculate timing” in the face of “turmoil in the eurozone”.

Lord Stevens of Ludgate said the benefits of Britain’s membership of the EU were “becoming harder to see” and hit out at the juggernaut of EU excess.

His comments came as it emerged yesterday that the average fat-cat Eurocrat now rakes in £80,000 a year.

Figures unearthed by the Daily Express show the EU’s enormous wage bill rocketed to £4.45billion last year, up an inflation-busting 5.6 per cent on 2009.

Even taking into account 10,000 lower-paid temporary workers, the typical EU official now enjoys an annual salary, expense account and pension top-up totalling £79,819.

That figure is more than twice the average package for a UK civil servant who picks up £34,596 a year.
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BGTRAVELLER
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PostSubject: Re: Anyone worried about the demise of the Euro?   Sat Nov 26, 2011 7:35 pm

At last, they have woken up in the house of lords, all they have to do now, is inform the weak and ignorant fools in the commons.They never listen to the people, because Cameron and his cronies have all become dictatorial morons on behalf of their governors in the EU alliance. That horrible alliance is slowly bankrupting the uk with the aid of their puppets in Wetminster. It is insanity to even consider they are paying that astronomical amount of money to those robbers across the water, on a daily basis. Our veterans are suffering, their fuel allowance has just been reduced dramatically, to help finance that ransom which the EU junta demand from the fools in Wetminster. They can somehow afford that payment to them in Europe at the people of the uk's expense. Get the uk out immediately at any cost.
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itchyfeet
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PostSubject: Re: Anyone worried about the demise of the Euro?   Sat Nov 26, 2011 7:54 pm

[You must be registered and logged in to see this link.] wrote:
. Our veterans are suffering, their fuel allowance has just been reduced dramatically, to help finance that ransom which the EU junta demand from the fools in Westminster. They can somehow afford that payment to them in Europe at the people of the uk's expense. Get the uk out immediately at any cost.

It is not unusual for the UK Government to make us veterans subsidise the rest of the benefits system, easy meat as far as they are concerned, regardless of where the money is going to be spent.

“For more than 30 years the political class has done its best not to talk about our membership of the EU.”
And earlier this week we revealed that Britain poured a colossal £18.5billion into the EU last year – equivalent to £51million a day. The staggering figures, £730 a year for every household in the UK, come on top of the £12.5billion shelled out to help rescue Greece, Ireland and Portugal with bailouts. Speaking in the House of Lords yesterday, former Ukip leader Lord Pearson of Rannoch said a cost-benefit analysis of Britain’s membership of the EU was long overdue.


It's a long time since our beloved Ted Heath took us into Europe, the British public have never enjoyed some of the privileges of being part of the EU like many of the other European countries.

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