I bet if you dig back you will find the Tory Right saying so - probably John Redwood. They were ridiculed in late 90's/ early 2000's for saying this stuff but just look what happened. There is a speech William Hague gave predicting exactly what happened now. It is eerie exactly how accurate it was. Found out recently written by Osbourne!!!!
It wasn't just right wingers who predicted the Euro was unworkable in principle, and fiddled in its construction.
Oh, and Mr Osbourne, in an interview with the Telegraph in 2006, described the City of London as 'the jewel in the crown of British business.' Oh well, we all make mistakes!
You put it all down to Germany and France highlighting the UK position. Out of which I remarked above. I fully accept my responsibility and will and have already paid for with my taxes, possibly with the downturn of my German business.
How is that blaming it solely on the UK?
It's still my opinion that in a team you can change more than just moaning from the outside but still taking on EU business.
Germany also didn't force you to have a totally overblown banking sector.
Joint **** up..
The UK is in the EU and it has been active in the EU in putting its views across and I suppose some consider that as moaning from the outside because that wasn't what most others including you it seems wanted to hear. That's their choice but the fact is the UK is not in the Eurozone which has pursued its own course and is solely responsible for where that took it which led to the mess it is in now. It also has been faffing about with the problem for years now and has failed miserably to resolve because it means admitting it was wrong.
I have never said any other country is responsible for the UK financial sector's problems or that the UK doesn't have serious problems.
Brown has his share of responsibility for bank regulation, or lack of it, in the UK. But was he responsible for the banking crisis in the US, Greece, Spain, Portugal, Ireland, Iceland, France, Germany, Holland, Denmark, Belguim, Hungary, and a few others?
No - he was responsible for the 2nd largest banking sector in the WORLD. The rest of the world relied on him & Wall Street to act responsibly. They didn't. In fact the biggest issue of insurance cover that blew up was due to London allowing this specfic trading that was banned in US.
You just watch when over time this is all analysed Gordon Brown is going to in the mire up to his neck. Folks talk about prosecutions - he should be for criminal incompetence.
No - he was responsible for the 2nd largest banking sector in the WORLD. The rest of the world relied on him & Wall Street to act responsibly. They didn't. In fact the biggest issue of insurance cover that blew up was due to London allowing this specfic trading that was banned in US.
You just watch when over time this is all analysed Gordon Brown is going to in the mire up to his neck. Folks talk about prosecutions - he should be for criminal incompetence.
So the corrupt practices of the southern European economies in the Eurozone have nothing to do with their predicament ?
It wasn't just right wingers who predicted the Euro was unworkable in principle, and fiddled in its construction.
Oh, and Mr Osbourne, in an interview with the Telegraph in 2006, described the City of London as 'the jewel in the crown of British business.' Oh well, we all make mistakes!
What has that got to do with it!!!
Tories are the Eurosceptic party & made it a central plank of their 2001 election campaign. Got totally ridiculed for it by Labour/Lib Dems/Media.
As for what George Osbourne said there are speeches (many of them) by Gordon taking about how brilliantly he has managed the city / how great gentle touch regulation is. He was the guy who got UK into this mess.
I have never said any other country is responsible for the UK financial sector's problems or that the UK doesn't have serious problems.
The analysis is somewhat academical I feel. I was more interested if Greece can be saved etc. and to make my own decisions based on that.
After WW2 despite everyone calling us Nazis, Germany's drive was to restrict nationalism. Sadly we forgot that others are still proud of being born on a random place on earth.
Where did it all start, Franz Ferdinand? Who cares? More important to deal with facts now.
It is irrelevant for me if they now suddenly found the USE or if it collapses, I have to look for new income streams as I will be loosing money either way.
I am here to understand the problem and with DS you always get challenged in your view, which is helpful.
My job as a Director of my company is to understand the bigger picture, the day to day running is done by General Managers on the ground.
No - he was responsible for the 2nd largest banking sector in the WORLD. The rest of the world relied on him & Wall Street to act responsibly. They didn't. In fact the biggest issue of insurance cover that blew up was due to London allowing this specfic trading that was banned in US.
You just watch when over time this is all analysed Gordon Brown is going to in the mire up to his neck. Folks talk about prosecutions - he should be for criminal incompetence.
Tories are the Eurosceptic party & made it a central plank of their 2001 election campaign. Got totally ridiculed for it by Labour/Lib Dems/Media.
As for what George Osbourne said there are speeches (many of them) by Gordon taking about how brilliantly he has managed the city / how great gentle touch regulation is. He was the guy who got UK into this mess.
Thank goodness we didn't! One thing we in the UK do have to thank Brown for is that he kept us out of the Euro.
Brown? Not Lord Lawson etc?
I think you need to be thinking practical. While theoretically, yes, if your biggest neighbours do it and you still got trade, you leave yourself out of the team and with less input.
So full marks theoretically !
Think about it like this be the Banker inside with influence or the protester outside in the rain with a dodgy sign that is chased around by the police.
Think about it like this be the Banker inside with influence or the protester outside in the rain with a dodgy sign that is chased around by the police.
Arte you trying to claim that we would be better off in the Euro at this present time?
Arte you trying to claim that we would be better off in the Euro at this present time?
No but you would have had more input and could have prevented certain things. Trying to skim off the advantages while being outside didn't work either as it seems.
Britain always pretends it has nothing to do with Europe, well now you might find out some geographical realities.
Being half Switzerland doesn't seem to work either.
Being half Switzerland doesn't seem to work either.
Can't help thinking the EU shafted the Swiss. And here I'm thinking of the guillotine clause: if the Swiss object to any new EU measure on the single market, they lose the lot.
Isn't it for Greece and its politicians to decide if they hold referendums or not?
Of course when the Greek PM suggested a referendum last year - within 48 hours he had been booted out of office? So what's new?
If you hold a referendum you don't have to take the Greek parliamentary vote and proceed. Apparently most Greeks want the Euro.
Nothing else than the fake election system referendum here where contra arguments were based around traditions and not arguments. Standard democratic manipulation of "the stupid people".
Not sure if the Greeks are that stupid, but she seems to think it's worth a try.
Any economist types out there... we keep hearing that Greece cant default etc. But why?? What does it mean for the day to day lives of Greeks? (Apart from a change of currency that is)
This is pretty much a cert to happen now but what will it mean for Greece the country??
Is it really that hard to revert back to their old currency? surely a back up plan like this always existed in case a country did have to leave the Euro anyway? if not then it should have because that is common sense when planning something as big as a single currency. They should have had plans in place for a situation like this anyway.
I just can't work out how they all got themselves into this much mess. I don't think its Greece the UK needs to worry about though, its Ireland because it will be Ireland we have to bail out should push come to shove and if Greece does leave you can bet Ireland ends up going the same way. Ireland and the UK share too many similar bank assets. If they go under then we are really dropped in it.
Comments
Oh ye of little knowledge. Sea shells are a highly collectable item with some selling for hundreds and really rare ones even more.
It wasn't just right wingers who predicted the Euro was unworkable in principle, and fiddled in its construction.
Oh, and Mr Osbourne, in an interview with the Telegraph in 2006, described the City of London as 'the jewel in the crown of British business.' Oh well, we all make mistakes!
The UK is in the EU and it has been active in the EU in putting its views across and I suppose some consider that as moaning from the outside because that wasn't what most others including you it seems wanted to hear. That's their choice but the fact is the UK is not in the Eurozone which has pursued its own course and is solely responsible for where that took it which led to the mess it is in now. It also has been faffing about with the problem for years now and has failed miserably to resolve because it means admitting it was wrong.
I have never said any other country is responsible for the UK financial sector's problems or that the UK doesn't have serious problems.
Ah, I hadn't seen this when I made my post but I know a guy who both collects and deals in sea shells....amazing prices some of them.
Thank goodness we didn't! One thing we in the UK do have to thank Brown for is that he kept us out of the Euro.
No - he was responsible for the 2nd largest banking sector in the WORLD. The rest of the world relied on him & Wall Street to act responsibly. They didn't. In fact the biggest issue of insurance cover that blew up was due to London allowing this specfic trading that was banned in US.
You just watch when over time this is all analysed Gordon Brown is going to in the mire up to his neck. Folks talk about prosecutions - he should be for criminal incompetence.
So the corrupt practices of the southern European economies in the Eurozone have nothing to do with their predicament ?
What has that got to do with it!!!
Tories are the Eurosceptic party & made it a central plank of their 2001 election campaign. Got totally ridiculed for it by Labour/Lib Dems/Media.
As for what George Osbourne said there are speeches (many of them) by Gordon taking about how brilliantly he has managed the city / how great gentle touch regulation is. He was the guy who got UK into this mess.
No - conversation was that the banking crisis (2008) not about this 2nd Euro crisis.
The analysis is somewhat academical I feel. I was more interested if Greece can be saved etc. and to make my own decisions based on that.
After WW2 despite everyone calling us Nazis, Germany's drive was to restrict nationalism. Sadly we forgot that others are still proud of being born on a random place on earth.
Where did it all start, Franz Ferdinand? Who cares? More important to deal with facts now.
It is irrelevant for me if they now suddenly found the USE or if it collapses, I have to look for new income streams as I will be loosing money either way.
I am here to understand the problem and with DS you always get challenged in your view, which is helpful.
My job as a Director of my company is to understand the bigger picture, the day to day running is done by General Managers on the ground.
Your PM seems to think so.
It seems the wise thing to do to cover your own arses, otherwise no.
Along with many others, here and abroad.
Amonst others.
Brown? Not Lord Lawson etc?
I think you need to be thinking practical. While theoretically, yes, if your biggest neighbours do it and you still got trade, you leave yourself out of the team and with less input.
So full marks theoretically !
Think about it like this be the Banker inside with influence or the protester outside in the rain with a dodgy sign that is chased around by the police.
The real one yes, the fancy perfect one in your head no.
Also socialism is nothing else than collective egoism and reverse wealth distribution.
Arte you trying to claim that we would be better off in the Euro at this present time?
No but you would have had more input and could have prevented certain things. Trying to skim off the advantages while being outside didn't work either as it seems.
Britain always pretends it has nothing to do with Europe, well now you might find out some geographical realities.
Being half Switzerland doesn't seem to work either.
Can't help thinking the EU shafted the Swiss. And here I'm thinking of the guillotine clause: if the Swiss object to any new EU measure on the single market, they lose the lot.
http://www.bbc.co.uk/news/world-us-canada-18121414
Isn't it for Greece and its politicians to decide if they hold referendums or not?
Of course when the Greek PM suggested a referendum last year - within 48 hours he had been booted out of office? So what's new?
If you hold a referendum you don't have to take the Greek parliamentary vote and proceed. Apparently most Greeks want the Euro.
Nothing else than the fake election system referendum here where contra arguments were based around traditions and not arguments. Standard democratic manipulation of "the stupid people".
Not sure if the Greeks are that stupid, but she seems to think it's worth a try.
Frankly. I wish I cared.
Several years from now you may regret making that comment.
We shall see.
In several years from now, I'll probably be worm food.
Is it really that hard to revert back to their old currency? surely a back up plan like this always existed in case a country did have to leave the Euro anyway? if not then it should have because that is common sense when planning something as big as a single currency. They should have had plans in place for a situation like this anyway.
I just can't work out how they all got themselves into this much mess. I don't think its Greece the UK needs to worry about though, its Ireland because it will be Ireland we have to bail out should push come to shove and if Greece does leave you can bet Ireland ends up going the same way. Ireland and the UK share too many similar bank assets. If they go under then we are really dropped in it.