| this bloody currency called 'Euro'
Posted: 12/18/2008 1:45:36 PM | With Sterling at parity (or as near as damnit) isint this going to lead to a big jump in inflation come the new year ?
While manufacturers (apparently there are still some in this country) whith a lot of export business might in theory stand to benefit this is based on the assumption that they source most/all of their raw materials within the UK.
The "Queen on the five pound note" arguments are pretty laughable given that The monarch only appeared on English banknotes since 1960 (and has never appeared on Scottish/NI/Manx/Channel Island banknotes at all). Surely only the most dyed in the wool Daily Mail readers fall for this nonsense ? | |
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| this bloody currency called 'Euro'
Posted: 12/18/2008 2:41:42 PM |
With Sterling at parity (or as near as damnit) isint this going to lead to a big jump in inflation come the new year ?
Why should it?
How can the parity cause inflation here? Is it going to cause inflation/deflation in the euro-zone?
Mervyn King has just predicted that inflation will be much lower next year, as a result of companies lowering their prices to generate sales. | |
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| this bloody currency called 'Euro'
Posted: 12/18/2008 2:52:06 PM | | You are quite right and those who disagree are burying their heads in the sand. The 'European Union' has not done Britain any favours yet was never truly a subject of democratic vote - but then anyone who believes Britain is a democracy is living in fairyland. Britain is becoming a police state - that much has been made very, very clear by the Menendez issue. | |
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| this bloody currency called 'Euro'
Posted: 12/18/2008 5:28:07 PM |
If any government tries to introduce the Euro in England its an election loser and every single politician knows it.
after the way angela merkel and gordon brown sold us down the river over a constitution that was voted against , and then regurgitated a few years later , and passed through , even though it was largely unchanged , its likely we wont have a say in it.
Maybe the credit crunch has been deliberately manufactured to make us all adopt the euro because it seems to be soaring , while other currencies are flooring , and the european central bank has no intention of cutting their interest rates either.
I dont want the euro and i dont want to be part of a united states of europe either. | |
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| this bloody currency called 'Euro'
Posted: 12/19/2008 4:42:47 AM |
If any government tries to introduce the Euro in England its an election loser and every single politician knows it
Exactly, and I find it very worrying that the time may well come when it is overwhelmingly in our best interests to join the euro, the politicians know this, but don't have the courage to do it because of the pig-headedness of the british people.
DrZues - The euro is soaring because a currency used by many different countries is far more stable than one used by one country. | |
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| this bloody currency called 'Euro'
Posted: 12/19/2008 4:51:35 AM | I think that in order for the British public to accept the Euro they need to be told plain and simply why it is the only option ultimately for us. British are well known for being resistant to change and progress, not saying we are the only nation that is, but it's apparent even locally with any new concept or develoment proposals being slammed by the public who don't really understand or care to bother to understand why these things may be good for them in the long run. (generalising of course, personally I'm an "any change for the better is fine by me" type person and I'm British) or why many of our inventions and inventors have to go overseas to get anyone to support and back them.
As much as we would like to remain the same forever, in a lot of respects, we just can't as the world around us will be moving on and we'll get left behind and be sitting wondering how to catch up again, go with the flow if it has a well grounded, positive and useful outcome. I believe we should make it our own business to find out where that flow will take us and where resistance to it will leave us. Change won't rob us of our Britishness, we can maintain those things that make us essentially British if we want to, what our money looks like or is called isn't one of them in my opinion. | |
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| this bloody currency called 'Euro'
Posted: 12/19/2008 5:59:30 AM |
Change won't rob us of our Britishness, we can maintain those things that make us essentially British if we want to, what our money looks like or is called isn't one of them in my opinion.
Well said, totally agree.
I think we've become very insecure in our "Britishness" which holds us back as we cling on to things just for the sake of it, as another example imperial measurements. | |
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| this bloody currency called 'Euro'
Posted: 12/19/2008 6:44:24 AM |
Why should it?
How can the parity cause inflation here?
Pound at all time low against Euro = Imports from Eurozone countries more expensive here = inflation
Is it going to cause inflation/deflation in the euro-zone?
Well anything exported from the UK to the Eurozone may become cheaper so it would lead to a certain amount of deflation (or reduced inflation at any rate) in those Eurozone countries which import a lot of British goods or services.
On the plus side the British Tourist industry might derive some benefit for it being cheaper for Eurozone residents to visit here. And while it will become more expensive for UK residents to holiday in the Eurozone it might prompt some of us to holiday at home instead (or those of us who still have jobs at any rate).
Rising inflation would put some pressure on the Bank of England to increae interest rates next year. On the other hand If Britain were to suddenly opt to join the Eurozone the ECB's interest rate IIRC is currently 3.5 % as opposed to the BofE's 2% | |
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| this bloody currency called 'Euro'
Posted: 8/3/2009 2:16:05 AM | Many people coming back from holiday are telling the 'sinking pound' stories, and how everything is expensive in Euro zone, so wonder what would be your most shocking story with prices in Euro?
Mine was 9 EURO for a little coffee in France, I could not believe that 2 coffees in a non luxury place would cost me almost 18 pounds :( | |
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| this bloody currency called 'Euro'
Posted: 8/3/2009 6:32:22 AM | | Like it or loathe it, if we remain in europe then we will have to get the euro at some stage. To be honest it would be better if a global economy happened, but as companies charge different amounts for the same product around the world, this will never happen! | |
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| this bloody currency called 'Euro'
Posted: 8/3/2009 6:45:34 AM |
as companies charge different amounts for the same product around the world, this will never happen!
The EU is a bit of a mixed bag on this one - it has prosecuted companies for attempting to stop people moving goods around in Europe where the companies apply differential pricing - yet at the same time lets other corporations get away with it (and sue enterprising retailers) by using different packaging in different countries.
As for the inflation issue. Exports will do better because the value of the pound has shrunk against the Euro - but raw materials will increase in price - so the only differential will be in the 'add value' - typically labour. The UK should be doing well on invisibles - such as insurance - where we have a major global presence; however the linkage of our financial system to the US as opposed to Europe has dampened this.
We are however a net importer of food, most of which comes from Europe and have already seen increases in food prices due to Sterling's weakness. If we were within the Euro, that wouldn't have happened. | |
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