Yippeeeee! €1.23 to £
-
- Andalucia Guru
- Posts: 2254
- Joined: Tue Apr 04, 2006 8:53 pm
- Location: Hampshire, UK, Lebrija
Re: Yippeeeee! €1.23 to £
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.
anyroads
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.
anyroads
Re: Yippeeeee! €1.23 to £
Sorry if this is a daft question but with all these countries borrowing money and in debt, who is lending the money to them?
Cheers
Gerry
Cheers
Gerry
Gerry Harris
-
- Andalucia Guru
- Posts: 7790
- Joined: Fri Aug 14, 2009 11:02 am
- Location: Bilbao Spain
Re: Yippeeeee! €1.23 to £
Wonga.com
-
- Andalucia Guru
- Posts: 2254
- Joined: Tue Apr 04, 2006 8:53 pm
- Location: Hampshire, UK, Lebrija
Re: Yippeeeee! €1.23 to £
"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 ! )
anyroads
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 ! )
anyroads
Re: Yippeeeee! €1.23 to £
I'm sure I seen somewhere tat Germany also has a large borrowing and are in debt.anyroads wrote:
Up to now, a lot of the money has come from Germany ( EUR 1Trillion to Spain alone ).
anyroads
So who lent them the money so they could then lend it to someone else?
Cheers
Gerry
Gerry Harris
Re: Yippeeeee! €1.23 to £
IMF AKA CHINA
Re: Yippeeeee! €1.23 to £
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.
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.
-
- Resident
- Posts: 1612
- Joined: Fri Sep 04, 2009 3:11 pm
- Location: Concas, Los Ventorros de Comares
Re: Yippeeeee! €1.23 to £
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.
-
- Andalucia Guru
- Posts: 2254
- Joined: Tue Apr 04, 2006 8:53 pm
- Location: Hampshire, UK, Lebrija
Re: Yippeeeee! €1.23 to £
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........
anyroads
Lots of protests in Spain at the moment...........
I think I can see a pattern emerging........
anyroads
-
- Andalucia Guru
- Posts: 2254
- Joined: Tue Apr 04, 2006 8:53 pm
- Location: Hampshire, UK, Lebrija
Re: Yippeeeee! €1.23 to £
"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.
anyroads
You have heard the old expression.
What goes around comes around.
anyroads
-
- Andalucia Guru
- Posts: 2254
- Joined: Tue Apr 04, 2006 8:53 pm
- Location: Hampshire, UK, Lebrija
Re: Yippeeeee! €1.23 to £
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.
anyroads
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.
anyroads
Re: Yippeeeee! €1.23 to £
now 1.236 minus 3 euros commission on currencyfair
Re: Yippeeeee! €1.23 to £
Appears to have run out of steam and has lost about 10 cents to the Dollar this week
Re: Yippeeeee! €1.23 to £
Why does it always drop on the day my company pittance is paid (1st)
Who is online
Users browsing this forum: No registered users and 109 guests