Germans Try To Kill Off Pound

[Flashermac]

 

 

BRITAIN will soon be forced to scrap the pound and join the euro, one of Germany’s most senior figures said yesterday.

 

In a chilling threat to UK sovereignty, German finance minister Wolfgang Schauble predicted that all Europe would one day use the single currency. “It will happen perhaps faster than some in the British Isles currently believe,†he said.

 

His sinister warning followed the emergence of a secret German plan to build a powerful new economic government for the eurozone and block an EU referendum in Britain.

 

A leaked German foreign ministry memo detailed plans for a new European Monetary Fund. It also claimed the EU’s treaty could be altered to centralise more power without triggering a vote.

 

In a further sign of growing German supremacy within the EU, David Cameron was yesterday rebuffed by Chancellor Angela Merkel in talks over how to tackle the euro crisis.

 

Last night British opponents of the EU were horrified by the bellicose threat to Britain’s economic independence.

 

Tory MP Peter Bone said: “I would be happy to have a bet with the German finance minister that the euro will disappear before the pound. It is a completely absurd suggestion that will never happen.â€

 

Fellow Tory backbencher Douglas Carswell said: “It is a tragedy that a continent of millions of hard-working people is run by clowns like this.â€

 

And UK Independence Party leader Nigel Farage said: “This German bullying is deeply unpleasant and the sooner we leave the EU the better.â€

 

Dr Schauble, who has used a wheelchair since being shot in an assassination attempt in 1990, is nicknamed “Dr Strangelove†in diplomatic circles.

 

In his astonishing outburst yesterday, he insisted he “respected†Britain’s decision to remain outside the euro. But he claimed that the UK would ultimately not be able to resist the tide of history.

 

His warning came amid a furious outpouring of anti-British sentiment in Berlin. Top-selling newspaper Bild asked: “What is England still doing in the EU?†while another paper branded Britain “the sick empireâ€.

 

Dr Schauble’s remarks came before the frosty meeting between Mr Cameron and Mrs Merkel in Berlin yesterday.

 

The German Chancellor rejected outright Mr Cameron’s opposition to a new EU-wide financial tax that would have a devastating impact on the City of London.

 

And she refused to be persuaded by his call for the European Central Bank to support the euro. Money markets took a dip after their failure to agree.

 

Despite smiles and protestations about their close “friendshipâ€, their awkward body language at a news conference betrayed bitter differences.

 

Last night a YouGov poll for Prospect magazine showed 51 per cent of Britons would vote to leave the EU in a referendum while only 32 per cent would vote to stay in.

 

 

 

 

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[Steve]

The EU is Germany. Germany and France have long been the number 1 and 2 but France is buckling a little and Germany is pretty much the unchallenged de facto leader. They rule more of Europe than Hitler did. The euro lives and dies by their say so.

 

I think there will probably become some global currency at some point. If America continues to sink, the dollar will probably lose out to some sort of euro hybrid. Constutitionality of it won't matter. The government has been treading on it so long its more a door mat than a respected document.

[Flashermac]

 

 

 

http://www.youtube.com/watch?v=JTrq70KEXH8&feature=related

 

 

 

 

 

 

 

 

[allistar]

I think eventually (and probably sooner than later), the world currency will consist of credits rather than paper money. It would allow governments to track citizen's spending and put a serious dent in most countries underground economies.

[Gadfly]

The EU is Germany. Germany and France have long been the number 1 and 2 but France is buckling a little and Germany is pretty much the unchallenged de facto leader. They rule more of Europe than Hitler did. The euro lives and dies by their say so.

 

I think there will probably become some global currency at some point. If America continues to sink, the dollar will probably lose out to some sort of euro hybrid. Constutitionality of it won't matter. The government has been treading on it so long its more a door mat than a respected document.

 

The Germany economy is much stronger than the economies of other members of the EU, and that is why I think the Euro is so problematic now. Many countries that adopted the Euro are now thinking of returning to their original currencies. Paul Krugman does a good job (www.npr.org/2011/01/25/133112932/paul-krugman-the-economic-failure-of-the-euro) of describing why in an article that appeared in NPR and the New York Times. From the NPR article:

 

Krugman explains that having a transnational currency does have obvious benefits — it makes doing business a lot easier in Europe. But, he says, there's also a downside: By giving up its own currency, a country also gives up economic flexibility and the benefit of having its own federal government back it up in times of economic trouble.

 

This isn't a new criticism. With the expansion of the Euro zone to include economies that differ vastly, we're now seeing the problems when trans-national economies.

[Gadfly]

The Germany economy is much stronger than the economies of other members of the EU, and that is why I think the Euro is so problematic now. Many countries that adopted the Euro are now thinking of returning to their original currencies. Paul Krugman does a good job (www.npr.org/2011/01/25/133112932/paul-krugman-the-economic-failure-of-the-euro) of describing why in an article that appeared in NPR and the New York Times. From the NPR article:

 

Krugman explains that having a transnational currency does have obvious benefits — it makes doing business a lot easier in Europe. But, he says, there's also a downside: By giving up its own currency, a country also gives up economic flexibility and the benefit of having its own federal government back it up in times of economic trouble.

 

This isn't a new criticism. With the expansion of the Euro zone to include economies that differ vastly, we're now seeing the problems when trans-national economies.

[kamui]

The Germany economy is much stronger than the economies of other members of the EU, and that is why I think the Euro is so problematic now. Many countries that adopted the Euro are now thinking of returning to their original currencies. Paul Krugman does a good job (www.npr.org/2011/01/25/133112932/paul-krugman-the-economic-failure-of-the-euro) of describing why in an article that appeared in NPR and the New York Times. From the NPR article:

 

Krugman explains that having a transnational currency does have obvious benefits — it makes doing business a lot easier in Europe. But, he says, there's also a downside: By giving up its own currency, a country also gives up economic flexibility and the benefit of having its own federal government back it up in times of economic trouble.

 

This isn't a new criticism. With the expansion of the Euro zone to include economies that differ vastly, we're now seeing the problems when trans-national economies.

 

Returning to the old currencies would cause a huge mess in Europe.

 

Anyway, countries like Germany and France were so euphoric about introducing the Euro that they forgot to include strong tools how to deal with countries which take too many loans, cheat and lie to the EU control agencies - like Greece did for years.

[gobbledonk]

Returning to the old currencies would cause a huge mess in Europe.

 

Anyway, countries like Germany and France were so euphoric about introducing the Euro that they forgot to include strong tools how to deal with countries which take too many loans, cheat and lie to the EU control agencies - like Greece did for years.

 

The Germans drove this from the start - they should have insisted on installing people at the top in every financial institution in the member countries, including France. Of course, the others would never have agreed to that, and we wouldn't be in this mess now.

[Guest lazyphil]

i knew it wouldn't work with the likes of germany and greece trying to operate in the same currency-doomed to fail

[sayjann]

i knew it wouldn't work with the likes of germany and greece trying to operate in the same currency-doomed to fail

 

fuck off germany and all the other barstards who continue to believe in the euro.....