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  • Eurozone 'destruction' necessary if countries are to thrive again, warns former ECB hawk

    From telegraph.co.uk

    The eurozone must break up if its members are to thrive again, according to a former European Central Bank official. Jürgen Stark, who served on the ECB’s executive board during the financial crisis, said it was time to “think the unthinkable” and work towards a “reset” of Europe that pulled power away from Brussels. The former vice-president of Germany’s Bundesbank said the creation of a two-speed eurozone, with France and Germany at its core, would help to ensure the smaller bloc’s survival.The eurozone must break up if its members are to thrive again, according to a former European Central Bank ... (full story)

  •  Guest
  • | IP XXX.XX.231.246
The writing is on the wall...
Finally someone from the Euro politbureau can see the light.
Forget the story..All Blah Blah..

More fascinating is profile in FFNews in publishing stories and op/eds published by certain UK media.

I refer to the Telegraph.
A self declared RightWing paper owned by two Looney brother Billionaires that live on a tax free offshore island and are avid rightwing supporters of the of the UK Conservative Party.
Quoting Guest
The writing is on the wall...
Trump wall ?.....lol
Quoting cliffedwards
Forget the story..All Blah Blah..

More fascinating is profile in FFNews in publishing stories and op/eds published by certain UK media.

I refer to the Telegraph.
A self declared RightWing paper owned by two Looney brother Billionaires that live on a tax free offshore island and are avid rightwing supporters of the of the UK Conservative Party.
Truth ministry out in force.

FF should only publish to stories that conform to a certain groups views.

Anything else is just is Blah Blah, and should be forgot.
Quoting verv
Truth ministry out in force.
FF should only publish to stories that conform to a certain groups views.
Anything else is just is Blah Blah, and should be forgot.
TROLL TACTIC: MISQUOTE

Dont play your fkucing stupid mindgames with me @verv.
My post asked for BALANCE.
NOT BIAS.. that your smart-alec post suggests..
Quoting cliffedwards
TROLL TACTIC: MISQUOTE

Dont play your fkucing stupid mindgames with me @verv.
My post asked for BALANCE.
NOT BIAS.. that your smart-alec post suggests..
You call for balance yet never abide by the same rules. Some would call you a hypocrite
Quoting cliffedwards
TROLL TACTIC: MISQUOTE

Dont play your fkucing stupid mindgames with me @verv.
My post asked for BALANCE.
NOT BIAS.. that your smart-alec post suggests..
Quoting Devauxt
You call for balance yet never abide by the same rules. Some would call you a hypocrite

Exactly.

You only ever have a problem with things you don't agree with.

You don't make these posts on articles in line with your personal opinion.

That's not a MISQUOTE, it's an observation of your behaviour.
Quoting verv
Exactly.

You only ever have a problem with things you don't agree with.

You don't make these posts on articles in line with your personal opinion.

That's not a misquote, it's an observation of your behaviour.
You noticed that as well
That you best shot.. ?
An undisguised Ad hominem response?

"Some" no doubt would call you an "ArseH*le" .. masquerading as a UK jus soli Brit.?
But I couldnt "possibly" comment.
Quoting cliffedwards
That you best shot.. ?
An undisguised Ad hominem response?

Some would call you an "ArseH*le"
But I couldnt "possibly" comment.
I am indeed frequently referred to by that term but then so are you, frequently.

But you expect people to abide by your rules but don't live by them yourself, claim to be non partisan, yet prove to be totally biased. I don't mind being an honest "ArseH*le" as opposed to being a dishonest "ArseH*le" like you.
Quoting IGNORED
.. I don't mind being an honest "ArseH*le".
BEING... Not being referred to as?

Well now we know a bit more... Keep digging Bro..LoL
UKIP Irish masquerading a Brit.
Self confessed Arse*le"

Your credibility improves by the day..
Quoting cliffedwards
BEING... Not being referred to as?

Well now we know a bit more... Keep digging Bro..LoL
UKIP Irish masquerading a Brit.
Self confessed Arse*le"

Your credibility improves by the day..
You are in excellent company then
EU <1
  •  Guest
  • | IP XX.X.105.174
Even more alarming ! if he is a former ECB HAWK ! why is he allowed to make statements that will effect the market ! Former is Former ! Or maybe is he because he knows his statements will effect the market !!
  •  Guest
  • | IP XX.XXX.175.242
Boy points out emperor has no clothes.
Brexit is only the beginning. The EU will break up within 5-10 years. It was a nice little experiment but it failed.
  •  Guest
  • | IP XX.XXX.43.187
Hi ALL, been reading FF for quite a while now whilst studying forex trading, and I must say some of these competitive arguments that evolve do make me chuckle. My comment was as an observer, is that I think in the beginning I think the EU in principle was a good idea, a trade pact to bring Europe together and bring old adversaries together. But I think the problem is, is that it's now got too big for it's boots and now seems to think of itself as one country, who wants it's own parliament, it's own army etc etc. My point is, is that it's all starting to sound a bit like George Orwell's Animal Farm!, all animals are created equal............but some animals are more equal than others!, just my honest opinion.
  •  Guest
  • | IP XX.XXX.42.140
Agree with him, Brexits irrelevant , EU will split way before the 2 years on Article 50 is up
The EU, European Union, started off as a lie perpetrated by Edward Heath. The Werner Report was commissioned to investigate the benefits of the United Kingdom joining the EU. The EU was initially called the EEC, European Economic Community. When Senior Civil Servants read the Werner Report they warned Edward Heath that there was no benefit to joining the EEC. Edward Heath decided that he wanted to join the EEC, but changed the name to the Common Market and lied to the General Public. It has since morphed and become known the European Union.
Don't wait for the wind, take to the oars.
Quoting cliffedwards
TROLL TACTIC: MISQUOTE

Dont play your fkucing stupid mindgames with me @verv.
My post asked for BALANCE.
NOT BIAS.. that your smart-alec post suggests..
A touch sensitive are we??

Where is YOUR "balance" in your presumptions on how the UK/USA trade deal will go?
Where is YOUR "balance" in your selective data presentation on UK poverty?
Where was YOUR "balance"when this place was filled with nothing but doom and gloom regarding Brexit, emanating from the EU and the USA under Obama.

Now an article comes out into FF news quoting former EU officials that you don't agree with and all of a sudden we need balance??

When others point out the obvious regarding the hypocritical aspect of your post, you resort to this:
"That you best shot.. ?
An undisguised Ad hominem response?

"Some" no doubt would call you an "ArseH*le" .. masquerading as a UK jus soli Brit.?
But I couldnt "possibly" comment."

and this:
"BEING... Not being referred to as?

Well now we know a bit more... Keep digging Bro..LoL
UKIP Irish masquerading a Brit.
Self confessed Arse*le"

Your credibility improves by the day.."



Nicely done...
Come with me if you want to live....
The European Union was only an experiment . It will ultimately fail for several reasons. To have cohesion among member nations requires common working hours,common working conditions, common pay rates ,common taxation regime, common social laws and common penal code. These very obvious foundations should have been a requirement that had to be met before any new member state was admitted to the Union. The northern Europeans are a very industrious group of nations who have an intense work ethic and who accept that taxation pays for the social benefits of a modern society. Some of the nations in and around the Mediterranean Sea are pretty casual when it comes to work , some can retire at age 45 and avoiding paying tax is the national sport. It is easy to see that one part of Europe was subsidising the lifestyle of another ,hence the crisis with the P.I.I.G.S nations who were receiving more than they were contributing. The countries who are not pulling their weight would benefit greatly if they left the EU. Their local currencies would devalue to the level of their real productivity, this would immediately drop their standard of living with higher prices for imports, but would allow their exports to be competitive again.
European Union (Version 2) which may well include Russia will be a formidable trading block.
Quoting BrettBC
The European Union was only an experiment . It will ultimately fail for several reasons. To have cohesion among member nations requires common working hours,common working conditions, common pay rates ,common taxation regime, common social laws and common penal code. These very obvious foundations should have been a requirement that had to be met before any new member state was admitted to the Union. The northern Europeans are a very industrious group of nations who have an intense work ethic and who accept that taxation pays for the social benefits...
Thank you for a thoughtful and considered post.
You make many good points with which most of the silent majority of informed readers would agree. Yes, the EU is an experiment... in the sense that all social progress is an experiment. In the sense that democracy itself is an experiment.
And a wildly ambitious experiment.
As such it represents a "Work in Progress".
A structure that combines the preservation of individual national sovereignty with the homogeneity required of a currency union is a a tough call. It is self-evident that national economic/fiscal/monetary policy is often at odds with regional policy needs even within nation states. And the the disjunction you identify between Northern and Southern Europe is just another manifestation of this reality. Within the Nation State such disjunctions are domestic political issues.. whereas in the EU context it becomes the focus of nationality and sovereignty.
My personal hope that this experiment survives, relates to what the ALTERNATIVES are... and the huge dangers inherent in any disruptive deconstruction process.
And for anyone examining these at both political and economic levels and most dangerously at a historical level present very frightening and disruptive and regressive consequences. We have already seen in Brexit , in my own country the UK, riven by political generational and regional disruption. Imagine this across Europe?
At a time when the US moves towards protectionism, and Russian policy clearly one of divide and conquer.
Big subject. No simple answers. But as a very successful business friend always said of his often apparently precarious schemes, .. If it were simple .. every fkucing idiot would do it.
Children please... stop it.
Most things here are BS opinion anyhow...
Now be nice
Quoting courtneywild
Children please... stop it.
Most things here are BS opinion anyhow...
Now be nice
I assume you admonition wasnt directed at me?

"Thank you for a thoughtful and considered post.
You make many good points with which most of the silent majority of informed readers would agree. "

?
Quoting cliffedwards
"Thank you for a thoughtful and considered post.
You make many good points with which most of the silent majority of informed readers would agree. "
One of you new Super Powers. You have acquired the ability to hear the opinion of those who have not voiced them.
@IGNORED ?
have you COMPLETELY FLIPPED?
Lost the plot totally ?

I just responded to a post that appeared immediatly consecutively to a post Id just responded to. reasonable asumption that it might refer to my post and response to CW?
And you assume to interfere with a bickering comment on my seeking a clarification.

Man you ARE getting desperate for attention. LoL
Both... now cut it out... stop being petulant!

Not much worth commenting on presently, mostly BS opinions.

Be good now, while I leave the room for lunch.
Quoting cliffedwards
@IGNORED ?
have you COMPLETELY FLIPPED?
Lost the plot totally ?

I just responded to a post that appeared immediatly consecutively to a post Id just responded to. reasonable asumption that it might refer to my post and response to CW?
And you assume to interfere with a bickering comment on my seeking a clarification.

Man you ARE getting desperate for attention. LoL
ROFL you are so full of BS
Quoting BrettBC
The European Union was only an experiment . It will ultimately fail for several reasons. ... The northern Europeans are a very industrious group of nations who have an intense work ethic and who accept that taxation pays for the social benefits of a modern society. Some of the nations in and around the Mediterranean Sea are pretty casual when it comes to work , some can retire at age 45 and avoiding paying tax is the national sport. .... The countries who are not pulling their weight would benefit greatly if they left the EU. Their local currencies...
The common market was a good idea. However the move into prescriptive legislation was way too soon, they should have waited at least 50 years. The rapid expansion to include other countries was also a bad move .... as was not expelling the miscreants when they turned out to be liars.
Carbon-Dioxide: the gas of life!
Quoting Exodus
The rapid expansion to include other countries was also a bad move .... as was not expelling the miscreants when they turned out to be liars.
I think the long-term problem the northern EU countries are trying to solve is a demographic one. For example in Germany the birth rates are way below replacement levels, despite all of the pro-child measures. I think this is the main reason for premature EU expansion, and actually dictates a lot of current-day politics. I do salute the EU politicians for thinking this far in advance. Here, however, the fate of the Western Roman empire comes into mind: The legions of the imported foreigners (ironically consisting of German tribes back then ) were not loyal to the Empire which accelerated its downfall.
Quoting Exodus
The common market was a good idea. However the move into prescriptive legislation was way too soon, they should have waited at least 50 years. The rapid expansion to include other countries was also a bad move .... as was not expelling the miscreants when they turned out to be liars.
Fair comment.
I was very much against expansion.
However to have excluded the newly freed Soviet bloc countries would have created many problems. I think in retrospect that maybe they should have been accommodated in some sort of associated membership structure .. but I have no idea of what the real considerations were at the time. I suspect they were somewhat over idealistic. And also dominated by geopolitical strategic security issues.
The argument at the end of the day was an "inside pissing out v outside pissing in"

But whatever.. it has created serious chllenges now, 10y + down the line.
Quoting kprsa
I think the long-term problem the northern EU countries are trying to solve is a demographic one. For example in Germany the birth rates are way below replacement levels, despite all of the pro-child measures. I think this is the main reason for premature EU expansion, and actually dictates a lot of current-day politics. I do salute the EU politicians for thinking this far in advance. Here, however, the fate of the Western Roman empire comes into mind: The legions of the imported foreigners (ironically consisting of German tribes back then )...
+++
Quoting kprsa
I think the long-term problem the northern EU countries are trying to solve is a demographic one. For example in Germany the birth rates are way below replacement levels....
Thanks for reminding me about that, the Italians have the same issue. I saw an article a few years ago giving some numbers. From memory ( = unreliable) the Germany employee to non-employee ratio was about 0.7, the sustainable rate is about 1.2 and is preferred nearer 1.4. The UK was over 1 but not by much. This metric tells you that in the near future there will not be enough tax-payers to support the elderly. The Germans were/are desperate for young adults.
Carbon-Dioxide: the gas of life!
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  •  Guest
  • | IP XX.XXX.62.64
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  • Story Stats
  • Posted: Jan 30, 2017 5:45am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 34  /  Views: 7,843