Problems Building for ECB Skyscraper | Forex Factory

  • Problems Building for ECB Skyscraper

    From wsj.com

    More than a decade in the making, over budget by up to €350 million ($480.8 million) and already too small–these are the problems the European Central Bank is facing now with its brand new skyscraper. The central bank is prepping itself to take over supervision for all euro-zone banks in November next year. Around the same time, its new 185 meter tall headquarters is slated to be finished. It will cost upward of €1.15 billion of public money, bumped up from an earlier estimate of €850 million thanks to rising construction costs and other challenges the ECB acknowledged in 2012. But all that time and money ... (full story)

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Spreadbetter
Nov 1, 2013 12:27pm
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Can't see any facts posted on this thread, just the immature ramblings of brainwashed, fanatical zealots.


Quoting jaygee
There you go with the facts again. Where are all the eur bulls? They have been silent for 2 days now.
Reply
Spreadbetter
Nov 1, 2013 1:53pm
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No, the USA deficit has shrunk by circa 50%/$700 bn since 2008, but the national debt has risen exponentially by circa $7 trillion in the same period. Cute trick, the UK govt pull it too, on a much smaller scale. The UK's deficit has shrunk by circa £40 bn as the national debt has risen by circa £400 bn since 2010.

As for the backing by precious metals the last guy to air that view was Gadaffi, he wanted an African dinar backed by oil and PMs, watch your back


Quoting Guest
The only thing that is growing in the U.S. is the deficit.

Time is running out for the artificially inflated Dollar.

To be fair - any fiat currency is a ticking time bomb. It is a system that was designed to fail and cause massive hyperinflation.

The only salvation would be to scrap all fiat currencies - only have governments print money that is backed by precious metals. It can be a world currency for all I care - just as long as it is only backed by precious metals and each government cannot print more that the amount of precious metals...
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Trader#4525
Nov 1, 2013 11:45am
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Eurozone has problems?! No way... a particular europhile on here has been belittling anyone who mentioned such things not too long ago.

The USD rally as of late is more than just a correction in my view, as I have no allegiance to dollar bull/bear stance, but the facts to me remain, the US is growing slowly while the other is regressing quickly.

Lets see how we get on : )
Reply
jaygee
Nov 1, 2013 12:08pm
Permalink
There you go with the facts again. Where are all the eur bulls? They have been silent for 2 days now.
Reply
Trader#A431
Nov 1, 2013 1:25pm
Permalink
The only thing that is growing in the U.S. is the deficit.

Time is running out for the artificially inflated Dollar.

To be fair - any fiat currency is a ticking time bomb. It is a system that was designed to fail and cause massive hyperinflation.

The only salvation would be to scrap all fiat currencies - only have governments print money that is backed by precious metals. It can be a world currency for all I care - just as long as it is only backed by precious metals and each government cannot print more that the amount of precious metals it has.

Simple.
Reply

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