After reading this report, left wondering... What would the effects be if the UK did sit it out on the sidelines?

EU spinning out of control?

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Euro losing ground?

Markets finally waking up....

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It the the demise of the Euro would be very disturbing for most world markets.
Not the least of which would be the panic about what to panic about next.
The Euro itself was a good idea, but very poorly executed at the outset, and poorly managed ever since.
When we consider the monetary philosophies of Greece and Germany (to take two of the extremes) we see that they are mutually incompatible, one is "prudent", the other profligate, one highly disciplined, and the other rather unruly. There were bound to be stresses building up within the currencies, and in many respects I am amazed that it has stood so long before these stresses broke the system.
Impact on the UK economy - very hard to predict, but certainly in the "not pleasant" category, and I don't think it will that good for the USofA, or China, or...

But then, what do I know, I'm only an engineer....

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Bob Smith
Member of Seti PIPPS (Pluto is a Planet Protest Society)
Somewhere in the (un)known Universe?

But then, what do I know, I'm only an engineer....

We could do with more "engineers" in power! When you find that something is not working, you delve into "Why not?" & then do your best to fix it & only use workarounds until you do.

Britain can find no traction

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At last, someone else on the same wavelength...

"Europe cannot carry on attempting to build a 21st century economy with 19th century political building blocks. They only have to look across the English Channel to see that that won't work".

source: Link in previous post.

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After reading this report, left wondering... What would the effects be if the UK did sit it out on the sidelines?

EU spinning out of control?

It's not so much sitting out on the sidelines that counts here but making
dam sure we don't sign up to this new finance treaty. The treaty binding
us to pay virtually any amount of money as requested by Brussels to support
other ECM countries financial problems. Clearly you can tie this treaty to
"EU spinning out of control" factor for there's the reason why they need
it. It can't be far off now when Cameron has to make the big decision,
"Do I call for the referendum now"? I don't think that he has much choice
in the matter for if he doesn't call it then he wont have the UK electorate
behind him when things start to get really bad. If you have your electorate
behind you then when things get bad all will accept the outcome. Without their
blessings then serious unrest will occur. Why should we give more money to the
PIGS who clearly don't intend to help their situation much, France soon to be
included in this bunch. When we could be giving it directly to Ireland, who
will need a bit more next year. Ireland the country who's electorate have
voted for austerity measure because they know this is the only safe way
forwards at the moment. Ireland's a safe bet here because they wont to help
themselves pull through.

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The Kite Fliers

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Kite fliers: An imaginary club of solo members, those who don't yet
belong to a formal team so "fly their own kites" - as the saying goes.

At last, someone else on the same wavelength...

"Europe cannot carry on attempting to build a 21st century economy with 19th century political building blocks. They only have to look across the English Channel to see that that won't work".

source: Link in previous post.

Hey Sirius, this is what I have been saying for quite some time now with
Politicians running the UK as if it was still yester-year.

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The Kite Fliers

--------------------
Kite fliers: An imaginary club of solo members, those who don't yet
belong to a formal team so "fly their own kites" - as the saying goes.

Then you'll love this next link.

It's a bit late but the content is still valid today....It just proves the point that politicians do not have the courage to accept responsibility for their own errors..just blame someone else....

Eurocrats blame the Yanks

"When leaders announce that they intend, not to tackle a problem, but to regulate the way it is reported, you sense that the end is near".

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Euro losing ground?

Markets finally waking up....

Well Sirius, you know what the problem really is here? Brussels knows that
the game is up but can't pull the plug until it has someone to blame for it all.
Who's going to opt to be the fall-guy here? Well, Churchill's dead so we can't
call on him, Maggie unfortunately hasn't got her marbles no more so it looks
like it's down to you and me. I'll see if I can knock a letter up and send it
off to Brussels telling them in no uncertain terms to.....OFF - we're out.

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The Kite Fliers

--------------------
Kite fliers: An imaginary club of solo members, those who don't yet
belong to a formal team so "fly their own kites" - as the saying goes.

Then you'll love this next link.

It's a bit late but the content is still valid today....It just proves the point that politicians do not have the courage to accept responsibility for their own errors..just blame someone else....

Eurocrats blame the Yanks

"When leaders announce that they intend, not to tackle a problem, but to regulate the way it is reported, you sense that the end is near".

Ah-ha, as suspected, we are to be the fall-guys and interestingly too the
Yanks as well. So Brussels is just waiting for us to call a referendum and
if we vote to leave then we can be blamed for the following ECM financial
turmoils. Good! lets do it and strange as it may seem years down the line
the UK will become respected more because of this action.

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The Kite Fliers

--------------------
Kite fliers: An imaginary club of solo members, those who don't yet
belong to a formal team so "fly their own kites" - as the saying goes.

It looks like the crisis is crossing the pond....

Barack Obama - Eurocrisis hitting our jobs

IMF tells Georgie boy to implement Plan B

I hope she meant this type of Plan B....Bailout Chaps

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How long, Sirius; before you recall this thread, "The beginning of the end"..
another Churchillian saying.

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The Kite Fliers

--------------------
Kite fliers: An imaginary club of solo members, those who don't yet
belong to a formal team so "fly their own kites" - as the saying goes.

Nope, stage 1 has ended, we're now at stage 2...

the way things are heading I can't see stage 3 anytime soon.

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Ah-ha, as suspected, we are to be the fall-guys and interestingly too the
Yanks as well. So Brussels is just waiting for us to call a referendum and
if we vote to leave then we can be blamed for the following ECM financial
turmoils. Good! lets do it and strange as it may seem years down the line
the UK will become respected more because of this action.

Now if only.........

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I think that Spain's, & others, banks can learn a lesson from this.....

at least one part of Spain bucking the economic gloom

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With all the "to & Fro'ing" that has occurred in this crisis, this is an excellent report.

The facts are clear..

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It looks like the crisis is crossing the pond....

Barack Obama - Eurocrisis hitting our jobs

IMF tells Georgie boy to implement Plan B

I hope she meant this type of Plan B....Bailout Chaps

Your attachments don't work....
Lack of home consumption too is also hitting the American economy.
Obama is a bit naughty by putting emphasis on the ECM countries financial
debacles. Anyone with an ounce of common sense will know that the world was well
overdue a financial set back. Some, like me, stated that we were well overdue
a depression. So what has happened today was always going to happen irrespective
of who supposedly started it off. You can't stave off recessions or depressions
for ever by the use of easy money pumped in to the system. Excesses build up
in all healthy economies, and in all healthy economies these excesses top out
in time leading to recessions/depressions. The only way to avoid these set-backs
is by dismantling the capitalist system, now who's going to do this.
Where you support the debt you just prolong the eventual suffering and this is
what the western nation has been doing. The whole caboodle started to go wrong
around about year 2000. Had governments then just stood back and allowed the
excessive to bleed out of the system then all of this would have been over
several years ago. But through governments interference this debacle is
going to last right through to 2016, and you'll know when the end game has
played out...the stock markets are going to go "Boooooom"!! inwardly.

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The Kite Fliers

--------------------
Kite fliers: An imaginary club of solo members, those who don't yet
belong to a formal team so "fly their own kites" - as the saying goes.

With all the "to & Fro'ing" that has occurred in this crisis, this is an excellent report.

The facts are clear..

No different to that which occurred in America during the depression of
the thirties...

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The Kite Fliers

--------------------
Kite fliers: An imaginary club of solo members, those who don't yet
belong to a formal team so "fly their own kites" - as the saying goes.

I think that Spain's, & others, banks can learn a lesson from this.....

at least one part of Spain bucking the economic gloom

I bet it's gone broke by 2016....

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The Kite Fliers

--------------------
Kite fliers: An imaginary club of solo members, those who don't yet
belong to a formal team so "fly their own kites" - as the saying goes.

I don't know so much...food & clothing will always be needed. Probably a restructure rather than a bankruptcy.

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