The Euro

Damn I B , she be doing both wanking your willy and reading to ya. How hard can that be on your part? Wait don't answer dat! Originally Posted by WTF

I would listen intently to every mumbling word, but I am sure my dicktion would interfere with her diction. JMO

To get this back on topic: London will you accept Euros?

What about Krone and Francs?

As long as it deposits, I don't really care lol. Afterall, I am all about the coins remember....

If your friend can accurately predict when the Euro is going to .50USD...do let me know so I can book MY trip! Originally Posted by Sisyphus

Word!

Seriously, the Euro's current problem was almost inevitable. When countries lose the ability to devalue their currency based on their own economic conditions bad things happen. OTOH the USD is not in great shape at the moment either, so the euro falling to .50 on the dollar is IMO a real stretch.

Single currency without integrated economies and common political leadership is a recipe for disaster. One of the intents behind the Euro was that it would move the EU towards a integrated economy and eventually to a much tighter political union as well; hasn't happened that way. Originally Posted by discreetgent

That's exactly right.

You can't have an effective monetary union when there's such fiscal disharmony between member states. It will not work, and it cannot work.

In the old days, a country like Greece would get into a fiscal bind, go through a couple of tough years, devalue the drachma, and start all over again. Nowadays, German taxpayers have had it with paying high taxes and working until age 68-70 so that they can bail out people in other eurozone states who retire 15 years earlier with lavish pensions and other benefits.

A couple of the smartest investors I know have been saying for a year or two that the euro is likely to "come apart." But here the term "come apart" does not exactly have a precise definition. It doesn't necessarily mean that the euro will crash to 0.50 USD or less. It's possible that the experiment could be ended with most or even all eurozone states exchanging their euros into their resurrected domestic currencies or other fiat currencies. Some analysts think that if this were to happen, the euro (now $1.31) would probably drop to approximate USD parity or a little less.

But having said all that, it's not exactly as though the U.S. dollar is a tower of strength! It's obviously a terribly flawed currency.

(Full disclosure: I am short the euro.)

TGerman taxpayers have had it with paying high taxes and working until age 68-70 so that they can bail out people in other eurozone states who retire 15 years earlier with lavish pensions and other benefits. Originally Posted by CaptainMidnight

Damn! That sounds vaguely familiar.

Yeah, but at least in the US it is bailing out within the US not another country. Besides, PJ, I thought you kept pointing out how the US Treasury is likely to come out ahead on the deal

It sounds like the deal government employees have.

I didn't realize the Euro had dropped so much?...I wish it was that low when I was living in the South of France in February! LOL...

Luckily the Pound is still strong....I love working in London and then depositing my money into my US dollar account hehe!

BTW Lauren- I'll be back in Europe in the spring if you fancy a doubles partner!

http://www.xe.com/ucc/convert.cgi?Am...=47&image.y=11

$1 to 1.31€ at 23:15 eastern

You don't have to listen to anyone in particular to find out what is about to happen in Europe. The only reason they haven't collapsed the Euro yet is that the Federal Reserve has been bailing out European Banks also.

http://uk.reuters.com/article/idUKTRE6BF45I20101217

You don't have to listen to anyone in particular to find out what is about to happen in Europe. The only reason they haven't collapsed the Euro yet is that the Federal Reserve has been bailing out European Banks also.

http://uk.reuters.com/article/idUKTRE6BF45I20101217 Originally Posted by DFW5Traveler

That's exactly right! We've not only been bailing out Bernake and Geithner's friends; we're also bailing out Obama's Socialist compadres in Europe. Isn't it just to peachy!

I didn't realize the Euro had dropped so much?...I wish it was that low when I was living in the South of France in February! LOL...

Luckily the Pound is still strong....I love working in London and then depositing my money into my US dollar account hehe!

BTW Lauren- I'll be back in Europe in the spring if you fancy a doubles partner! Originally Posted by Valerie

Well then how about those pounds then. *drools*

Actually, I have been known to sing right into it to further prolong the experience lol. Can I borrow your Microphone? Originally Posted by London Rayne

Absolutely - any time you want.