Ifo Chief Fuest: Italy To Leave EUR If Gov’t Fails To Boost Growth | Forex Factory

  • Ifo Chief Fuest: Italy To Leave EUR If Gov’t Fails To Boost Growth

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Ross88
Dec 16, 2016 6:16am
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something big has to happen in Italy because social unrest is already creeping in I hope they can save their country (http://www.dailymail.co.uk/news/article-4037094/There-risk-war-Rome-verge-violence-deprived-Italians-react-angrily-migrants-moving-neighbourhoods-warns-mayor.html)

they are in desperate need of a populist LOL
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Ross88
Dec 16, 2016 6:26am
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Quoting JakubSzalaFX
Sorry to see Italy going down.
all of the main players will leave eventually as it's not sustainable by a democratic process even Jean Claude Juncker knows it (http://www.express.co.uk/news/world/737493/Jean-Claude-Juncker-EU-referendum-voters-choose-Leave-eurosceptism)
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Ross88
Dec 16, 2016 6:47am
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Quoting JakubSzalaFX
Maybe yes, maybe not.
do you really think the main countries from a financial standpoint are happy with the current system in the EU and will continue to vote in pro EU parties because Jean Claude Juncker is not to sure about it and he is far more in the know than me or you

in a long term view how many traders are long on the EUR?? am not as I do not think it will continue to existed
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Ross88
Dec 16, 2016 7:05am
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Quoting JakubSzalaFX
You are already convinced about future developments.
true but t think we both fall into that category but I still like talking to you

if we don't speak again before Christmas have a good one mate
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Ross88
Dec 16, 2016 1:53pm
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Quoting Hollyforex
four biggest contributors in EU...Germany ,France,Britain and Italy...
Italy pumps more money in then it takes out.
It would get very lonely uptop.
without these four the EU is doomed the UK is going to leave and I think Italy may be next than it's France which will forced Germany hand as the cost of keeping the EU going we be to big for them alone and this whole big mess with be history I really do think the EU will be in the some category as the League of Nations
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Exodus
Dec 16, 2016 7:14am
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Quoting Ross88
something big has to happen in Italy because social unrest is already creeping in I hope they can save their country (http://www.dailymail.co.uk/news/arti...rns-mayor.html)

they are in desperate need of a populist LOL
They'll be fine, they have two factions of the Mafia to run things.
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Exodus
Dec 18, 2016 5:31pm
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Quoting Guest
What do you mean by "Germany is the main winner"? ....
German engineering is so successful and sought-after that it outsells pretty much everything in Europe. The German balance of trade is hugely skewed in profit for the Germans. If Germany were out of the Euro the value of the <insert favoured German currency token> would rise relentlessly until the price of their exports became prohibitively expensive; at which point ordinary people would not be able to afford goods manufactured in Germany. The classic solution to this is to export the manufacturing jobs. So far not even the Japanese have managed to do that effectively. The result would be rising unemployment and social unrest. So the Germans really don't want the EU to fail right now...


Quoting Hollyforex
four biggest contributors in EU...Germany ,France,Britain and Italy...
Italy pumps more money in then it takes out.
It would get very lonely uptop.
The urban myth is that Italy refuses to pay.....
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JakubSzalaFX
Dec 16, 2016 6:34am
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Quoting Ross88
all of the main players will leave eventually as it's not sustainable by a democratic process even Jean Claude Juncker knows it (http://www.express.co.uk/news/world/...e-eurosceptism)
Maybe yes, maybe not.
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JakubSzalaFX
Dec 16, 2016 6:52am
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Quoting Ross88
do you really think the main countries from a financial standpoint are happy with the current system in the EU and will continue to vote in pro EU parties because Jean Claude Juncker is not to sure about it and he is far more in the know than me or you

in a long term view how many traders are long on the EUR?? am not as I do not think it will continue to existed
You are already convinced about future developments.
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JakubSzalaFX
Dec 16, 2016 7:09am
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Quoting Ross88
true but t think we both fall into that category but I still like talking to you

if we don't speak again before Christmas have a good one mate
I am waiting for more development.

Best wishes to you.
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barkie
Dec 16, 2016 2:11pm
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Quoting Hollyforex
four biggest contributors in EU...Germany ,France,Britain and Italy...
Italy pumps more money in then it takes out.
It would get very lonely uptop.
Italy is NOT in the top 4 net contributors and we learned yesterday that we get a £50bn EU 'divorce settlement' from the generous British taxpayers so we've got compensation for years to come.
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Ross88
Dec 16, 2016 6:11am
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Quoting JakubSzalaFX
And what then ?
than another part of your dream of a European Federation dies
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Ross88
Dec 16, 2016 8:10am
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Quoting Exodus
They'll be fine, they have two factions of the Mafia to run things.
I thinks it's between them and a fat comedian
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Exodus
Dec 16, 2016 3:22am
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I wonder if the European Commission will say that they can't abandon the Euro unless they also leave the EU ... in which event they must pay 50bn Euros.

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JakubSzalaFX
Dec 16, 2016 3:14am
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And what then ?
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kingleeny
Dec 16, 2016 4:00am
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stupid threats that would never happen.
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JakubSzalaFX
Dec 16, 2016 6:12am
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Quoting Ross88
than another part of your European Federation dies
Sorry to see Italy going down.
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Ghassforex
Dec 16, 2016 3:48am
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Nice....)) please Ifo Chief add more ...EUR on correction trend..lol
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Ghassforex
Dec 16, 2016 4:10am
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Quoting kingleeny
stupid threats that would never happen.
Agree,,
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Ghassforex
Dec 16, 2016 6:40am
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Quoting JakubSzalaFX
Sorry to see Italy going down.
Yes ....I feel also sorry, but it is temporary, its not European Federation or Italy dies.....soon good news about italian banks))
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Ghassforex
Dec 16, 2016 7:36am
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Quoting Exodus
They'll be fine, they have two factions of the Mafia to run things.
Soon 15B euro from Gov to Italian banks .
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Hollyforex
Dec 18, 2016 6:43pm
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Quoting barkie
Italy is NOT in the top 4 net contributors and we learned yesterday that we get a £50bn EU 'divorce settlement' from the generous British taxpayers so we've got compensation for years to come.
So "where is" Italy on the list ?
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Devauxt
Dec 16, 2016 6:04am
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Italy needs to leave the Euro so that it can regain some competitiveness. Germany is the main winner in the Euro zone as it had the effect of devaluing the D'mark. In Italy's case, it effectively raised the value of the worthless Lira, much like it did for the Greek Drachma
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jen101
Dec 16, 2016 2:34pm
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Quoting barkie
Italy is NOT in the top 4 net contributors and we learned yesterday that we get a £50bn EU 'divorce settlement' from the generous British taxpayers so we've got compensation for years to come.
Haha, I think you can swing for that!
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Sennerd
Dec 17, 2016 10:46am
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Only two groups have profited from the Euro: our megalomaniac government with its steadily rising tax budget and some global coporates like Volkswagen. 99% of the german citizens have been cheated by the Euro as the ordinary Italian or Greek citizens.

That's what some people think of the EU too - the same beneficiaries.
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Hollyforex
Dec 16, 2016 12:48pm
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four biggest contributors in EU...Germany ,France,Britain and Italy...
Italy pumps more money in then it takes out.
It would get very lonely uptop.
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Trader#8F99
Dec 16, 2016 5:41pm
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Quoting Devauxt
Italy needs to leave the Euro so that it can regain some competitiveness. Germany is the main winner in the Euro zone as it had the effect of devaluing the D'mark. In Italy's case, it effectively raised the value of the worthless Lira, much like it did for the Greek Drachma
What do you mean by "Germany is the main winner"? We Germans are keeping our assets mostly via short term money. Compared to the D-Mark the assets of 99% of all Germans have been dramatically devaluated in recent years by Mario Draghi. At the same time the prices for basic goods and rooms have been doubled. All government pensions which are the backbone for all retirerees have been steadily reduced and are massively at risk in the future. Only two groups have profited from the Euro: our megalomaniac government with its steadily rising tax budget and some global coporates like Volkswagen. 99% of the german citizens have been cheated by the Euro as the ordinary Italian or Greek citizens.
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