Yippeeeee! €1.23 to £

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anyroads
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Re: Yippeeeee! €1.23 to £

Postby anyroads » Fri May 11, 2012 8:43 pm

Five or six years hard slog for most of Europe ( UK included ) at least.

Reminds me of the Van Morrison album title "No method, no guru, no teacher"........

Nobody has any idea how it is going to pan out, or what will be left when the smoke clears.

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gerryh
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Re: Yippeeeee! €1.23 to £

Postby gerryh » Fri May 11, 2012 9:49 pm

Sorry if this is a daft question but with all these countries borrowing money and in debt, who is lending the money to them? :?:
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Re: Yippeeeee! €1.23 to £

Postby markwilding » Fri May 11, 2012 11:23 pm

Wonga.com

anyroads
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Re: Yippeeeee! €1.23 to £

Postby anyroads » Sat May 12, 2012 1:37 am

"Sorry if this is a daft question but with all these countries borrowing money and in debt, who is lending the money to them?"

Up to now, a lot of the money has come from Germany ( EUR 1Trillion to Spain alone ). No wonder they are nervous. This is their 3rd World war, and will eventually cost as much ! ( but without the loss of life hopefully ! )

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gerryh
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Re: Yippeeeee! €1.23 to £

Postby gerryh » Sat May 12, 2012 7:58 am

anyroads wrote:
Up to now, a lot of the money has come from Germany ( EUR 1Trillion to Spain alone ).

anyroads
I'm sure I seen somewhere tat Germany also has a large borrowing and are in debt.
So who lent them the money so they could then lend it to someone else?
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knowal
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Re: Yippeeeee! €1.23 to £

Postby knowal » Sat May 12, 2012 8:48 am

IMF AKA CHINA

olive
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Re: Yippeeeee! €1.23 to £

Postby olive » Sat May 12, 2012 10:02 am

Ah Gerry, I think you have just stumbled upon a secret.

No one has actually got any money but they all keep lending each other amounts of "money" on the strength of other "money".

The Spanish banking sector clean up announced yesterday makes interesting reading. I read that the banks will take loans out at 10% at a time when governments are only paying 4%. I can't help feeling that the banks caused the crisis but are now immune (and paying themselves well to boot) while the rest of us are paying and will continue to pay for many years.

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Re: Yippeeeee! €1.23 to £

Postby ajtg1952 » Sat May 12, 2012 11:47 am

The whole point of these bailout loans from the European Bank appears to be so that the bailed out country can then pay back their loans to the European Bank. It makes no sense whatsoever.

anyroads
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Re: Yippeeeee! €1.23 to £

Postby anyroads » Sat May 12, 2012 9:14 pm

Lots of protests in Greece over the last few years........

Lots of protests in Spain at the moment...........

I think I can see a pattern emerging........

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Re: Yippeeeee! €1.23 to £

Postby anyroads » Sat May 12, 2012 9:15 pm

"The whole point of these bailout loans from the European Bank appears to be so that the bailed out country can then pay back their loans to the European Bank. It makes no sense whatsoever"

You have heard the old expression.

What goes around comes around.

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Mowser
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Re: Yippeeeee! €1.23 to £

Postby Mowser » Mon May 14, 2012 4:59 pm

Now €1.25475
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anyroads
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Re: Yippeeeee! €1.23 to £

Postby anyroads » Fri Jun 01, 2012 7:56 am

Seems to have setted within a narrow range again.

I did get 1.235 from Caxton FX, a couple of days ago, but this was a special "Jubilee" offer for 24 hours only. Back to a tiny bit above 1.22 now again. It does not look like there will be a big move towards 1.30 anytime soon.


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Re: Yippeeeee! €1.23 to £

Postby morlandg » Fri Jun 01, 2012 8:02 am

now 1.236 minus 3 euros commission on currencyfair

katy
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Re: Yippeeeee! €1.23 to £

Postby katy » Fri Jun 01, 2012 8:22 am

Appears to have run out of steam and has lost about 10 cents to the Dollar this week :?

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Mowser
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Re: Yippeeeee! €1.23 to £

Postby Mowser » Fri Jun 01, 2012 8:57 am

Yet it has gained against the pound - albeit only half a cent.
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Re: Yippeeeee! €1.23 to £

Postby Lyric » Fri Jun 01, 2012 9:03 am

Why does it always drop on the day my company pittance is paid (1st)


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