Alessandro17 Posted September 2, 2008 Share Posted September 2, 2008 http://news.bbc.co.uk/2/hi/uk_news/7593162.stm Pound problems make the headlines Several papers lead on the fortunes of the pound, and of the chancellor. The Times says business leaders have accused Alistair Darling of talking Britain into a recession as the pound fell to a record low. It says sterling is now the worst performing of 10 leading currencies this year. "Pound sinks to rock bottom" is the headline in the Daily Express, while the Daily Mail has the damning "Thanks very much, Darling". I remember once I was at a travel agency in Brighton. In order to travel by car in Europe I had to buy 6 different currencies, and thus pay 6 different commissions. I complained about that with the cashier and I said: "luckily soon we'll have the Euro in Europe, thus I'll have to pay only one commission." She replied very bitter: "The Euro is going to be a weak currency anyway" Who was right, madam? The Euro is now one of the strongest currencies in the World. Isn't it time for Britain to join the Euro? Link to comment Share on other sites More sharing options...
TheBogieMan Posted September 2, 2008 Share Posted September 2, 2008 http://news.bbc.co.uk/2/hi/uk_news/7593162.stmIsn't it time for Britain to join the Euro? Just do what I did....move from England to Ireland Link to comment Share on other sites More sharing options...
Running With Scissors Posted September 2, 2008 Share Posted September 2, 2008 Unless the UK is forced to join I can not see any future government adopt the Euro in the forcible future. It will just be too much of a vote killer for our gutless politicians. Link to comment Share on other sites More sharing options...
Alessandro17 Posted September 2, 2008 Author Share Posted September 2, 2008 Unless the UK is forced to join I can not see any future government adopt the Euro in the forcible future. It will just be too much of a vote killer for our gutless politicians. It is quite simple, actually. They should do it at the beginning of a legislation. By the following general election people will have forgotten it and possibly realized that joining the Euro was actually good for Britain. Link to comment Share on other sites More sharing options...
Mebster Posted September 3, 2008 Share Posted September 3, 2008 The UK goverment tends to often see things differently from the rest of Europe (Iraq for example) and I think the Pound Euro differention is a reminder of that which I don't think is going to go away anytime soon. Not until the UK goverment gets along better with it's European neighbours. Also remember a weaker Pound isn't necessarily bad all round. It's better for exports, isn't it, which I think can help economic growth in this tough time. Who was right, madam? The Euro is now one of the strongest currencies in the World. 1.00 GBP = 1.22896 EUR (from xe.com from time of posting) Not over taken it just yet Link to comment Share on other sites More sharing options...
Alessandro17 Posted September 3, 2008 Author Share Posted September 3, 2008 Also remember a weaker Pound isn't necessarily bad all round. It's better for exports, isn't it, which I think can help economic growth in this tough time. Yes, that is true, but there must be a healthy balance between too weak and too strong. If a currency is too weak, all imports will be terribly expensive and the population will suffer. As the BBC says, a very low currency means recession: http://news.bbc.co.uk/2/hi/business/7591563.stm Recession fears push pound down The pound has hit a record low against the euro and a two-year low against the dollar amid fresh fears about the UK sliding into recession. 1.00 GBP = 1.22896 EUR (from xe.com from time of posting) Not over taken it just yet Yes, but the Pound is at a record low against the Euro anyway. See above. Link to comment Share on other sites More sharing options...
Paranoid Marvin Posted September 3, 2008 Share Posted September 3, 2008 Yes, but the Pound is at a record low against the Euro anyway. See above. Not worth jumping ship over, however Link to comment Share on other sites More sharing options...
Alessandro17 Posted September 3, 2008 Author Share Posted September 3, 2008 Not worth jumping ship over, however But that is not the only point, PM. Suffice to say that the Euro has given Italy a stable economy we didn't dream of when we had the Lira (the previous currency). The good thing about the Euro is that it is ruled by economists, not politicians. Link to comment Share on other sites More sharing options...
lord_muad_dib Posted September 3, 2008 Share Posted September 3, 2008 Suffice to say that the Euro has given Italy a stable economy we didn't dream of when we had the Lira [OT]excuse me?!?!? where do you live man? on te contrary, people got poor due the prices speculation given by a bad manage of the switch between the two, all's gone out of control[/OT] i doubt britain with drop pounds anytime soon Link to comment Share on other sites More sharing options...
Alessandro17 Posted September 3, 2008 Author Share Posted September 3, 2008 [OT]excuse me?!?!? where do you live man?on te contrary, people got poor due the prices speculation given by a bad manage of the switch between the two, all's gone out of control[/OT] Yes Lord, but that has absolutely nothing to do with a healthy economy. That is because 50% of Italians are thieves and robbers (the same who vote for Berlusconi who was in charge when the Euro was introduced and did absolutely nothing to keep prices under control). However the market laws will adjust everything in the end: people don't have money and don't buy. Prices have to go down and wages up. I am already beginning to see some incredibly low prices, lower even than at the time of the Lira. Link to comment Share on other sites More sharing options...
Detosx Posted September 3, 2008 Share Posted September 3, 2008 Isn't it time for Britain to join the Euro?The penguin in the velvet smoking jacket with the pipe speaks the truth! Link to comment Share on other sites More sharing options...
Alessandro17 Posted September 3, 2008 Author Share Posted September 3, 2008 The penguin in the velvet smoking jacket with the pipe speaks the truth! Link to comment Share on other sites More sharing options...
Running With Scissors Posted September 3, 2008 Share Posted September 3, 2008 To be honest I don't really care so long as I can buy as much beer as I do now with pounds. Link to comment Share on other sites More sharing options...
m16 Posted September 4, 2008 Share Posted September 4, 2008 I'm really suprised Sweeden and Denmark still use their own currencies... so annoying... Link to comment Share on other sites More sharing options...
Alessandro17 Posted September 4, 2008 Author Share Posted September 4, 2008 To be honest I don't really care so long as I can buy as much beer as I do now with pounds. Do you buy British beer or foreign? Foreign is bound to be more expensive, I am afraid. Link to comment Share on other sites More sharing options...
Paranoid Marvin Posted September 4, 2008 Share Posted September 4, 2008 Perhaps switching to the Euro will be beneficial in the future, but as I see it, now is not the time to switch Link to comment Share on other sites More sharing options...
Alessandro17 Posted September 4, 2008 Author Share Posted September 4, 2008 Perhaps switching to the Euro will be beneficial in the future, but as I see it, now is not the time to switch Right, probably when everybody else has already switched Link to comment Share on other sites More sharing options...
Paranoid Marvin Posted September 4, 2008 Share Posted September 4, 2008 Right, probably when everybody else has already switched Haha, yeah What I really meant was the state of the global economy - now is not the time to change currencies! Link to comment Share on other sites More sharing options...
Mebster Posted September 4, 2008 Share Posted September 4, 2008 Haha, yeah What I really meant was the state of the global economy - now is not the time to change currencies! I tend to agree. With the UK economy heading towards a recession and inflation double what it should be, I think this is not the right time to decide to take the queen's face off all our notes. Link to comment Share on other sites More sharing options...
Alessandro17 Posted September 5, 2008 Author Share Posted September 5, 2008 I tend to agree. With the UK economy heading towards a recession and inflation double what it should be, I think this is not the right time to decide to take the queen's face off all our notes. Well, probably right now Britain wouldn't even meet the criteria for joining. Link to comment Share on other sites More sharing options...
Numberzz Posted September 5, 2008 Share Posted September 5, 2008 British friends, time to join the Euro? Well, probably right now Britain wouldn't even meet the criteria for joining. Harsh words for the person that actually started the topic. Link to comment Share on other sites More sharing options...
Alessandro17 Posted September 5, 2008 Author Share Posted September 5, 2008 Harsh words for the person that actually started the topic. Not really. The Euro joining criteria are not one man's opinion, they are facts which can (and indeed do) get measured. Link to comment Share on other sites More sharing options...
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