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PostPosted: Mon Dec 01, 2008 14:26 
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Evening Standard

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UK closer to joining euro - Barroso
01.12.08

The UK is "closer" to joining the euro than ever before, according to European Commission president Jose Manuel Barroso.

He said some British politicians were considering signing up to the currency in a bid to beat the effects of the global economic crisis.

He told French radio station RTL: "We are now closer than ever before.

"I'm not going to break the confidentiality of certain conversations, but some British politicians have already told me, 'If we had the euro, we would have been better off'."

But he admitted the majority of people in the UK were still opposed to the idea of joining the single currency.

A Downing Street spokesman said: "We have no comment on this. Our position on the euro is the same - it has not changed."


I've been wondering if our so called Government are using this so called crisis to engineer a way of making the British people accept going into the Euro.

They've been hell bent on devaluing the Pound. Once it gets to 1/1 they'll try to make the UK populus accept that there is no other option.

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PostPosted: Mon Dec 01, 2008 14:49 
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Dixie wrote:
been wondering if our so called Government are using this so called crisis to engineer
a way of making the British people accept going into the Euro.


Many business models like stability, but the Pound is being battered about
because it is too small. That's the disadvantage of tin-pot currencies.
So will Scotland be the first to go Euro?


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PostPosted: Mon Dec 01, 2008 15:09 
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... some British politicians have already told me, 'If we had the euro, we would have been better off'."

You would have thought that he would have known by now not to trust what British politicians say. :)

Talking to his Europhile friends (Lib Dems?) gives him a warped perception. It's like saying "some Austrian politicians have told me they would have been better off under Hitler."

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But he admitted the majority of people in the UK were still opposed to the idea of joining the single currency.

That's the trouble with democracy ...

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PostPosted: Mon Dec 01, 2008 15:27 
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More from the Daily Mail Mandelson blamed over 'Britain wants to join euro' claim from European Commission president

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PostPosted: Mon Dec 01, 2008 15:28 
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That's what I assumed they were doing by dropping rates and making sure the pound sunk like a stone. Much easier to join when it is £1 to €1 as you can argue that they are the same and you are really just making all the people in the eurozone use £1s! Any small differential is also a good way to hide inflation as you can just blame the new currency.

Could the whole credit crunch - housing crisis - recession have been engineered? It will also miraculously fix itself just in time for the 2010 election no doubt.


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PostPosted: Mon Dec 01, 2008 15:40 
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teabelly wrote:
Could the whole credit crunch - housing crisis - recession have been engineered?


Makes me wonder. Maybe that's why the police have been allowed more powers and issued with 10,000 tasar stun guns. :shock:

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PostPosted: Mon Dec 01, 2008 17:22 
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I have no problem with the Euro - it's just a token which you exchange for goods.
Having it just allows you to make a direct comparison with how well or badly our continental cousins are doing.
It's in the government's interests to keep us out, as they can hide how bad our economy is, and banks like it because they can charge you for converting the transactions which all businesses make sooner or later - directly or indirectly.

If we had gone into the eruo when everybody else did, we would have had a euro which 12 months ago bought 69p worth of goods in Europe - while it bought the same value here. The difference would be how much you got for your 69 pence!
Now it's 85pence to the euro (?) the only difference is that you get less for 85 p than we did a year ago, but you'd get more for your money in for example France. Diesel was €1.21 last month, with the conversion at 75p. It will probably still be €1.21 next week, but the conversion will be 86 - 90 pence to the euro. THEN you will realise just how much more our government is taking off us to pay for all their schemes! :x

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PostPosted: Mon Dec 01, 2008 19:38 
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teabelly wrote:
Could the whole credit crunch - housing crisis - recession have been engineered? It will also miraculously fix itself just in time for the 2010 election no doubt.


No, that assumes that it is the present gov doing the engineering.
However, if you assume that it could be the gov_in_waiting doing the engineering, it makes a lot more sense.
After all, can you imagine a banker or hedge-fund manager voting labour ?
After all, the present crisis was "engineered" by bankers buying bad dept, passing it on to other bankers, and ending with us bailing all of them out of their mess.
Doesn't that sound rather unlikely ?
When was the last time your bank lent you money with no assets as security ?

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PostPosted: Tue Dec 02, 2008 04:14 
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Another article today in the Daily Express

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PostPosted: Fri Dec 05, 2008 08:22 
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jomukuk wrote:
No, that assumes that it is the present gov doing the engineering.


Sounds as though it's the present government doing the engineering to me. :(

I didn't want the UK to go into the Euro but brown has made sure we will not have much option. It wouldn’t have been so bad if we'd have gone in when the pound was strong. Now we all lose out like we did when we went decimal. :x

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PostPosted: Fri Dec 05, 2008 10:41 
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Dixie wrote:
Now we all lose out like we did when we went decimal. :x


Surely some good came of it - could any of today's kids count "proper" money, i.e. £sd?


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PostPosted: Sat Dec 06, 2008 03:14 
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IMO Gents, the "engineering" (or dithering as some would say) has been going on for years longer than as been suggested. Me? Well, I don't care if they'd have payed me in Polish Szloty's as long as I'd have been better off! I've always been in favour of the Euro, we should have done it years ago but the "little englanders" stopped us. You see, they fear this.... because those with let's say: "an excess of money" do like to be able to convert it to something else......in order to avoid paying tax!

Now all you have to do is to work out: Just who do you think? that the "little englanders" are....(you know, the ones who wear the £ sign in their lapels)...

The Euro is: Inevitable....

The sooner the better I say. Why are we waiting until it's 1:1?


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PostPosted: Wed Dec 31, 2008 03:50 
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Dixie wrote:
Evening Standard

Quote:
UK closer to joining euro - Barroso
01.12.08

The UK is "closer" to joining the euro than ever before, according to European Commission president Jose Manuel Barroso.

He said some British politicians were considering signing up to the currency in a bid to beat the effects of the global economic crisis.

He told French radio station RTL: "We are now closer than ever before.

"I'm not going to break the confidentiality of certain conversations, but some British politicians have already told me, 'If we had the euro, we would have been better off'."

But he admitted the majority of people in the UK were still opposed to the idea of joining the single currency.

A Downing Street spokesman said: "We have no comment on this. Our position on the euro is the same - it has not changed."


I've been wondering if our so called Government are using this so called crisis to engineer a way of making the British people accept going into the Euro.

They've been hell bent on devaluing the Pound. Once it gets to 1/1 they'll try to make the UK populus accept that there is no other option.


No Dixie, IMO it's the first battle in demolishing the Euro......WE are being used to start to bring it down.
In the distant future there will be only ONE currency, Go on....guess which one?
Who rules the currency, rules the world, makes the laws, sets the wages...etc, etc, etc..

Hopefully, I'll be dead and gone by then.......:) What about you and yours Dixie? Fancy being a Coolie?


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PostPosted: Wed Dec 31, 2008 04:10 
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Draco wrote:
Dixie wrote:
Evening Standard

Quote:
UK closer to joining euro - Barroso
01.12.08

The UK is "closer" to joining the euro than ever before, according to European Commission president Jose Manuel Barroso.

He said some British politicians were considering signing up to the currency in a bid to beat the effects of the global economic crisis.

He told French radio station RTL: "We are now closer than ever before.

"I'm not going to break the confidentiality of certain conversations, but some British politicians have already told me, 'If we had the euro, we would have been better off'."

But he admitted the majority of people in the UK were still opposed to the idea of joining the single currency.

A Downing Street spokesman said: "We have no comment on this. Our position on the euro is the same - it has not changed."


I've been wondering if our so called Government are using this so called crisis to engineer a way of making the British people accept going into the Euro.

They've been hell bent on devaluing the Pound. Once it gets to 1/1 they'll try to make the UK populus accept that there is no other option.


No Dixie, IMO it's the first battle in demolishing the Euro......WE are being used to start to bring it down.
In the distant future there will be only ONE currency, Go on....guess which one?
Who rules the currency, rules the world, makes the laws, sets the wages...etc, etc, etc..

Hopefully, I'll be dead and gone by then.......:) What about you and yours Dixie? Fancy being a Coolie?


If they wanted to destroy the Euro surely they should have keep the pound strong, in which case it would have been unattractive to Europe. And why is the government hell bent on taking everything the English people have, away from them. I’d be interested in a bit more detail from you as I’m all ears.

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PostPosted: Wed Dec 31, 2008 10:50 
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Dixie wrote:
Once it gets to 1/1 they'll try to make the UK populus accept that there is no other option.


We've got 1 to 1 now, yet we still have to pay commission to change money. If we scrap the pound now, it'll save us money when we go abroad. And we'll avoid the situation of having two currencies in Great Britain once Scotland splits off. It's just an idea...


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PostPosted: Thu Jan 01, 2009 07:01 
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[/quote]

No Dixie, IMO it's the first battle in demolishing the Euro......WE are being used to start to bring it down.
In the distant future there will be only ONE currency, Go on....guess which one?
Who rules the currency, rules the world, makes the laws, sets the wages...etc, etc, etc..

Hopefully, I'll be dead and gone by then.......:) What about you and yours Dixie? Fancy being a Coolie?[/quote]

If they wanted to destroy the Euro surely they should have keep the pound strong, in which case it would have been unattractive to Europe. And why is the government hell bent on taking everything the English people have, away from them. I’d be interested in a bit more detail from you as I’m all ears.[/quote]

For me Dixie, we have to go to global politics, global scheming, and ultimate global corruption for the answer to that one...:)
One of two global powers desires (as always) to be top dog. It forms a think tank to look how this can be done. They are very rich after making an absolute fortune from WW2. For years they face each other down milatarily, and decide that they could force the other to outspend themselves thus bringing down their ecomomy. They engage in a space race and Armaments race for decades, knowing that the other (who was weak after WW2 to start with) cannot compete.

Then......Whoops! it ALL goes T*ts up and they bankrupt themselves because of extended wars in SE Asia!

They regroup and come back deciding that they cannot do this on their own. A man called Milton Friedman is sent to Europe expousing "Monitorism" Which IS in fact a vehicle to demolish the Russian economy. Threats are made and other Nations are forced to join the madness. OK, the WALL falls down everyone thinks: Great!.........Not so, they haven't finished yet. That's only round 1!

OK We got rid of the Commies, ....who's next? Anyone with Nationalised industries and a Social provision structure because it's NOT what THEY believe in...

It goes on and on Dixie, but are you catching my drift? If Not, don't answer me straight away, think about it, argue it out with your friends...
One things for certain, this top dog nation doesn't give a fig about this tiny little rock in the north Atlantic Ocean.

...and the last thing that it wants is a strong European economy with social provisions and state industries challenging their castle in the sky...
WE are history.......Europe is their NEXT target...wait and see.


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PostPosted: Fri Jan 02, 2009 02:29 
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I thought the whole point of devaluing the pound was to make our exports (what's left of them) cheaper and more attractive to buy outside of the UK, thus bringing more currency into the country and helping to fend off the recession a bit. If my understanding is correct (and I confess I was a bit too young at the time to appreciate the ins and outs of how Thatcher got us all into recession in the 80s) then the current devaluation of the pound is a good thing, and something we'd no longer be able to do if we joined the Euro.

Wouldn't we also lose control over our own interest rates as these are generally set by the banks in Brussels who probably care about our economy as much as the Federal Reserve cares about the economy of Hawaii.


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PostPosted: Fri Jan 02, 2009 08:05 
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Lum wrote:
I thought the whole point of devaluing the pound was to make our exports (what's left of them) cheaper and more attractive to buy outside of the UK, thus bringing more currency into the country and helping to fend off the recession a bit. If my understanding is correct ... then the current devaluation of the pound is a good thing, and something we'd no longer be able to do if we joined the Euro.


Your understanding is correct but. As well as making exports cheper it makes imports more expensive. This works well for an economy which imports cheap raw materials and adds value by manufacturing goods which are sold abroad. In an economy which imports most of its consumer goods it tends to depress consumption. Now which of those descriptions best fits the UK? :D

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Wouldn't we also lose control over our own interest rates as these are generally set by the banks in Brussels who probably care about our economy as much as the Federal Reserve cares about the economy of Hawaii.


The problem of a one-size-fits-all interest rate is one of the major technical objections to a single currency. The whole issue of the single currency is very technical - so much so that holding a referendum on whether to join ia about as sensible as using a referendum to decide the size of the girders in a bridge.

Yester William Hague announced that the Conservative Party will never join the Euro.

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PostPosted: Fri Jan 02, 2009 10:19 
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so much so that holding a referendum on whether to join ia about as sensible as using a referendum to decide the size of the girders in a bridge.


Whilst buiding a bridge is a technically complex task beynod the ability of most people, deciding whether or not you want a bridge in the first place is something that most people can understand!

The (a) referendum on the Euro is not about the technicalities. it is (would be) about the concept!

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PostPosted: Fri Jan 02, 2009 17:37 
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Dusty wrote:
Whilst buiding a bridge is a technically complex task beynod the ability of most people, deciding whether or not you want a bridge in the first place is something that most people can understand!

The (a) referendum on the Euro is not about the technicalities. it is (would be) about the concept!


That's not a fair analogy though. While most folk don't know how to build a bridge they are pretty good on what the effects will be (easier transport links vs increased traffic noise, mainly) in the case of joining the Euro the effects that people understand (having to swap out your coins, dodgy shopkeepers using it as an excuse to put prices up (ala 1 shilling = 10p) are very minor things in the grand scheme of things.


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