Yippeeeee! €1.23 to £

Looking for information on a place in Andalucia or simply asking for advice on somewhere to visit? Post here and someone out there may know the answer.
anyroads
Andalucia Guru
Posts: 2025
Joined: Tue Apr 04, 2006 8:53 pm
Location: Hampshire, UK, Lebrija

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.

anyroads

User avatar
gerryh
Andalucia Guru
Posts: 6447
Joined: Sat Jan 12, 2008 6:17 pm
Location: Cajiz, Malaga

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? :?:
Cheers
Gerry
Gerry Harris

markwilding
Andalucia Guru
Posts: 5706
Joined: Fri Aug 14, 2009 11:02 am
Location: Bilbao Spain

Re: Yippeeeee! €1.23 to £

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

Wonga.com

anyroads
Andalucia Guru
Posts: 2025
Joined: Tue Apr 04, 2006 8:53 pm
Location: Hampshire, UK, Lebrija

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 ! )

anyroads

User avatar
gerryh
Andalucia Guru
Posts: 6447
Joined: Sat Jan 12, 2008 6:17 pm
Location: Cajiz, Malaga

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?
Cheers
Gerry
Gerry Harris

User avatar
White Horse
Resident
Posts: 1724
Joined: Fri Aug 27, 2010 9:35 pm
Location: England

Re: Yippeeeee! €1.23 to £

Postby White Horse » Sat May 12, 2012 8:48 am

IMF AKA CHINA

olive
Andalucia Guru
Posts: 2607
Joined: Wed Oct 12, 2005 7:13 pm
Location: Poniente, Granada

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.

ajtg1952
Resident
Posts: 1493
Joined: Fri Sep 04, 2009 3:11 pm
Location: Concas, Los Ventorros de Comares

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
Andalucia Guru
Posts: 2025
Joined: Tue Apr 04, 2006 8:53 pm
Location: Hampshire, UK, Lebrija

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........

anyroads

anyroads
Andalucia Guru
Posts: 2025
Joined: Tue Apr 04, 2006 8:53 pm
Location: Hampshire, UK, Lebrija

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.

anyroads

User avatar
Mowser
Andalucia Guru
Posts: 6388
Joined: Thu Sep 27, 2007 10:42 am
Location: Torre del Mar

Re: Yippeeeee! €1.23 to £

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

Now €1.25475
Dave

anyroads
Andalucia Guru
Posts: 2025
Joined: Tue Apr 04, 2006 8:53 pm
Location: Hampshire, UK, Lebrija

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.


anyroads

morlandg
Resident
Posts: 545
Joined: Sun Feb 27, 2011 10:15 am
Location: Velez Malaga

Re: Yippeeeee! €1.23 to £

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

now 1.236 minus 3 euros commission on currencyfair

katy
Andalucia Guru
Posts: 11312
Joined: Thu Jun 24, 2004 3:45 pm

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 :?

User avatar
Mowser
Andalucia Guru
Posts: 6388
Joined: Thu Sep 27, 2007 10:42 am
Location: Torre del Mar

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.
Dave

Lyric
Resident
Posts: 1946
Joined: Fri May 16, 2008 12:36 pm
Location: Torrox Campo

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)


Return to “Travel, Tourism & Destinations”

Who is online

Users browsing this forum: No registered users and 0 guests