Omega Owners Forum
Chat Area => General Discussion Area => Topic started by: Varche on 19 November 2011, 15:11:04
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Wolfgang Schäuble said that, despite the current crisis in the eurozone, the euro will ultimately emerge as the common currency of the entire European Union. He said he “respects” Britain’s decision to keep the pound, but insisted that the survival and eventual stabilisation of the euro will convince non-members to join the currency club. “This may happen more quickly than some people in the British Isles currently believe,” he added.
Clearly we Brits are in denial!!!
Full article here http://www.telegraph.co.uk/news/worldnews/europe/eu/8900799/Britain-will-join-euro-before-long-says-German-finance-minister.html
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Indeed, Varche, and according to The Express...
...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 empire”.
I have to say that whilst some British newspapers have questioned the degree of German influence in Europe, none have called it "sick".
A nasty turn in British/German relations. :( :o
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I don’t know about being in denial, but we are in der scheiße thanks to the Scheißerei holed up in Westminister.
That said, the Germanic tendency towards an assured self-belief can be quite endearing and, indeed, makes a refreshing change to those gutless whores we have in our own sovereign parliament.
http://www.youtube.com/watch?v=SBharndqLNA :-* :-*
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if Britain abondons pound, you are in trouble once and for all.. :-\
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if Britain abondons pound, you are in trouble once and for all.. :-\
I cannot see that happening. Britain would have been in the clag now with unemployment much higher if it had been tied in to euroland by having the euro. The current ills of the euroland will not be over for years. I estimate for Spain at least ten. There are a lot of people in Britain that would resist changing to the euro. Heck they might even leave the comfort of their houses and march in protest if it was a serious suggestion to change to the euro.
If Britain was forced to leave the EU and stand on its own, I have a horrible feeling that EU countries would not treat it very well in terms of doing business. Why? Well they are a lot more patriotic than Britain. You only have to look at the stuff we Brits buy - no loyalty just price first and foremost. Not so in the likes of France and Spain for example.
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if Britain abondons pound, you are in trouble once and for all.. :-\
I cannot see that happening. Britain would have been in the clag now with unemployment much higher if it had been tied in to euroland by having the euro. The current ills of the euroland will not be over for years. I estimate for Spain at least ten. There are a lot of people in Britain that would resist changing to the euro. Heck they might even leave the comfort of their houses and march in protest if it was a serious suggestion to change to the euro.
If Britain was forced to leave the EU and stand on its own, I have a horrible feeling that EU countries would not treat it very well in terms of doing business. Why? Well they are a lot more patriotic than Britain. You only have to look at the stuff we Brits buy - no loyalty just price first and foremost. Not so in the likes of France and Spain for example.
Varche, monetary principles have no excuse for anyone and I'm not sure ECB is under a proper management..And wont care for you when things are stressed..
I hope history will proove you were right...
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And you Cem? Turkey also coming to the EU it's just a question of time and will enter. What happen with your money at time?
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if Britain abondons pound, you are in trouble once and for all.. :-\
I cannot see that happening. Britain would have been in the clag now with unemployment much higher if it had been tied in to euroland by having the euro. The current ills of the euroland will not be over for years. I estimate for Spain at least ten. There are a lot of people in Britain that would resist changing to the euro. Heck they might even leave the comfort of their houses and march in protest if it was a serious suggestion to change to the euro.
If Britain was forced to leave the EU and stand on its own, I have a horrible feeling that EU countries would not treat it very well in terms of doing business. Why? Well they are a lot more patriotic than Britain. You only have to look at the stuff we Brits buy - no loyalty just price first and foremost. Not so in the likes of France and Spain for example.
Varche, monetary principles have no excuse for anyone and I'm not sure ECB is under a proper management..And wont care for you when things are stressed..
I hope history will proove you were right...
I'm not sure ECB is under a proper management
Cem, that is a terrible to say about that august body of bself-abusers. :( :(
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And you Cem? Turkey also coming to the EU it's just a question of time and will enter. What happen with your money at time?
I completely trust EU.. they will never accept us ;D ;D ;D ;D ;D ;D :y
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apart from the subject of Turkey is accepted or not ,
EU is not build for citizens like you and me to live in better conditions.. although from outside it seems like that but in reality its a further step in capitalist system that all national powers and controls bypassed so that elites can combine their forces and manage and abuse whole europe with cheap labour with the help of their own rules..
trust me UKIP is not telling porkies.. :-\ but I doubt crowds will hear their voice unless its too late..
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In 10 years time - if the dust has settled and there is still a euro currency,and we are still a member state,Im sure a Labour government will have taken us into the euro and full EU membership by then.People have short memories.
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That's because they need us in the Euro much more than we need to be in it.
A precis on how the bond markets work, so you will understand the ECB's position below. When a country issues a bond, say a 10 year one at 3.5% interest. The price on the bond market is 100 or 100%. Now bond trading is like share trading. If a countries bonds are popular like Germany's and UK's are at the moment, then the price will go up, so lets say they are trading at 200, then the interest they pay with respect to the buy price is 1.75%, now if they go down like Greece or Italy to say 50 then the effective interest rate is 7%. Now if you want to issue and sell new bonds, the interest rate has to be slightly better than what your current bonds are trading at, otherwise you are better off going into the market and buying your bonds. Greek 10 year bonds are currently trading at about 235%! :o :o :o
The ECB is buying Greek and Italian bonds at the moment at up to €20bn a week with money the bank has borrowed. The interest it receives for these bonds is booked as a profit less the interest from the money they have borrowed. So far so good. Now the ECB values the bonds it has bought at 100% of that price. Now it has bought a lot of Greek and Italian bonds which have dropped significantly in price, but these losses don't show due to their 100% valuation, not the current market valuation like any other bank would have to show in their accounts, if they did they would be insolvent. Now they are either going to have to hold the bonds until their maturity (maybe with haircuts of 20-50%) or sell them. If they sell them for a loss and we are talking about big losses here, maybe €100-200bn, then this money will have to come from somewhere, yes you've probably guessed where by now. ::) The good old Eurozone tax payer. Now the more countries in the Eurozone, the more you can spread the losses. Now if they have to buy more countries bonds like this, with Spain, Belgium and France firmly in the sights of joining Greece and Italy, who knows what the losses will be?.
The next reason is that people keep saying that the problem could be solved by issuing Eurobonds (vetoed by Germany) or a massive expansion of the Eurozone money supply (vetoed by Germany) to use inflation to reduce sovereign debt levels. The German economy is built on the foundation of low inflation after what happened in the 1920's and they don't want Eurobonds as the interest rate would be much higher than they are currently paying, which would have a big impact on their bond interest payments where their Sovereign Debt is about 82% of GDP.
The other thing quoted regular is that Germany could bail out the other countries, the beastly Germans are just saying no, but will come to the table as the country (and bank) of last resort to save the Euro.
Using 2010 figures. The three major strong economies in the Eurozone are Germany, The Netherlands and Austria which have a combined GDP €3,374bn or 37% of the Eurozone GDP with a combined sovereign debt of 79% of GDP (probably nearer 82-83% now). Now if we say countries can borrow up to 100% of GDP before the markets start getting twitchy then this gives a combined fire power of €600bn. Now the 7 countries to a greater or lessor extent in trouble are Belgium, France, Greece, Ireland, Italy, Portugal and Spain. Their combined GDP is €5453bn or 59% of the Eurozone GDP. Their combined sovereign dept is 93% of GDP (now about 100% as most have budget deficits of 5-10%). The other 7 Eurozone countries have relatively low sovereign debt but only account for 4% of the Eurozone GDP, so they are too small to make any difference. IMHO the stong countries don't have enough fire power to bail out the weak ones. :o :o :o
Now the Greek 50% haircut will have a major effect of French banks which may need bailing out, if (more likely when) Italy need a 20-30% haircut, then France will be in big trouble. The Spanish Government and banks have consistently kicked the can down the road on the losses from their housing bubble, mortgages are still sitting at 100% value on their books and their regional governments can raise their own money, with rumors of much larger debts than given in official figures.
The problem of large austerity measures over a short period of time is that economies take time to readjust, so you tend to have a recession which increases the sovereign debt at a % of GDP, tax revenues are reduced, so the country misses their budget deficit targets, which means more austerity measures are required. Greece is currently in this death spiral. Italy have average 0.75% growth over the last 10 years with virtually no growth at the moment, so guess what their austerity measures are likely to do. ::)
Now the EFSF bailout fund of €440bn is not fit for purpose and as each country need help, they drop out, so any further contribution disappears, so the fund gets smaller! Now if we were in the Eurozone and in the fund it would get much bigger, with of course full UK taxpayer loss liability.
http://en.wikipedia.org/wiki/European_Financial_Stability_Facility (http://en.wikipedia.org/wiki/European_Financial_Stability_Facility)
Now I can't see anyway out of this mess, can any of you? When the Eurozone collapses it is going to be brutal and bloody where all banks have massive exposure to Eurozone countries bonds including the UK to the tune of €500bn. :o :o :o
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An excellent explanation Rod. :y
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Now I can't see anyway out of this mess, can any of you? When the Eurozone collapses it is going to be brutal and bloody where all banks have massive exposure to Eurozone countries bonds including the UK to the tune of €500bn. :o :o :o
I'm inclined to agree with that; most things are now so closely linked that any extraction - even of the unilateral flavour - may well produce results other than those that are immediately sought.
We have been so comprehensively shackled to the fortunes of ‘Brussels’ by successive Westminster governments that to try to alter the terms of our legally binding commitments to the EU would be politically, diplomatically and legally difficult to say the least.
I can’t understand how our political masters failed to see the strategic folly of trying to unite many countries, each having a disparate and very distinct nature, under one banner in the expectation that the union (forced in some cases) would work.
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An excellent explanation Rod. :y
yep..agreed, good one :y
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And you Cem? Turkey also coming to the EU it's just a question of time and will enter. What happen with your money at time?
I completely trust EU.. they will never accept us ;D ;D ;D ;D ;D ;D :y
I'm afraid you can start to worry Cem... EU needs Turkey becouse of your strong economy, fast growing and young population... ;D ;D ;D Turkey also needs EU as a very good market of workpower...Huge vacancy there is in market of low status job that's why Eastern Block was needed as well... :( :( :( I feel we aren't handled as a partner, rather a subordinate... :( :( :(
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And you Cem? Turkey also coming to the EU it's just a question of time and will enter. What happen with your money at time?
I completely trust EU.. they will never accept us ;D ;D ;D ;D ;D ;D :y
I'm afraid you can start to worry Cem... EU needs Turkey becouse of your strong economy, fast growing and young population... ;D ;D ;D Turkey also needs EU as a very good market of workpower...Huge vacancy there is in market of low status job that's why Eastern Block was needed as well... :( :( :( I feel we aren't handled as a partner, rather a subordinate... :( :( :(
now, where do I start ?
our economy is dependant also on market conditions (like other countries) , now we are giving high interest rates so too much "volatile hot" money is transferred to here.. the day they decide to leave , things will instantly change.. regardless of the precautions of our central bank.. but for now, some powerful invisible hand is behind us :-\ ( I know the reasons but long story for here)
and as for the EU, they currently have enough cheap labour from eastern europe.. so dont need us.. and besides they can also sell their goods easily here because of a stupid agreement between us and EU..and Cyprus seems to be a hard problem that will delay our entrance for long time.. :y
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And you Cem? Turkey also coming to the EU it's just a question of time and will enter. What happen with your money at time?
I completely trust EU.. they will never accept us ;D ;D ;D ;D ;D ;D :y
I'm afraid you can start to worry Cem... EU needs Turkey becouse of your strong economy, fast growing and young population... ;D ;D ;D Turkey also needs EU as a very good market of workpower...Huge vacancy there is in market of low status job that's why Eastern Block was needed as well... :( :( :( I feel we aren't handled as a partner, rather a subordinate... :( :( :(
How bad are things in Hungary where many loans / mortgages have been made in Swiss Francs and Euros?
http://www.mindfulmoney.co.uk/wp/shaun-richards/europe-latest-bailout-scheme-is-as-flawed-as-its-predecessors-and-hungary-badly-needs-help/ (http://www.mindfulmoney.co.uk/wp/shaun-richards/europe-latest-bailout-scheme-is-as-flawed-as-its-predecessors-and-hungary-badly-needs-help/)
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Yea, many people suffer from weight of repaying, there is a lot of mortgage on houses and cars mainly. Yes we had to achieve the requirements of EU, for instance GDP per year and loans make up gdp as well...They could be taken almost free for anybody and later the rate of these currencies began to fly...Who have mortgage have to pay almost two times money than before. These are hard times for them...If they are unable to pay, are in trouble and becouse of them banks are in trouble as well...demonic circle. :( :( :(
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I'm far from an expert so expect to be shot down, i only know what i hear listening to the radio in the truck. When i get home/park up i could'nt care less & ignore all current affairs but from what little i hear last week our spineless unelected PM had talks with that Angela....Angola? Markel??? woman who it seems wants us to enter into some scheme of other that would result in us paying 80% of south europes debt leaving her with the other 20% which at least we had the backbone to say NO to when it sees if we don't Germany will have to foot the bill. We can say NO as we're not in the euro. If we were we'd be in even deeper doody than we are already so glad we never joined. They all did so let them sort it.
This comment is based on very little knowledge. I could be miles out & won't argue with any of you as i can't really!!!! :y
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I could be miles out & won't argue with any of you as i can't really!!!! :y
Don't worry mon ami! Nobody want to fall in unnecessary argue :y :y :y We are just in a good talk !
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Cameron is spineless >:( >:(
Thatcher would have sorted Fuhrer Merkel out, and her little french poodle :y :y
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I'm far from an expert so expect to be shot down, i only know what i hear listening to the radio in the truck. When i get home/park up i could'nt care less & ignore all current affairs but from what little i hear last week our spineless unelected PM had talks with that Angela....Angola? Markel??? woman who it seems wants us to enter into some scheme of other that would result in us paying 80% of south europes debt leaving her with the other 20% which at least we had the backbone to say NO to when it sees if we don't Germany will have to foot the bill. We can say NO as we're not in the euro. If we were we'd be in even deeper doody than we are already so glad we never joined. They all did so let them sort it.
:y :y :y If GB entrances you will be netto payers, you can afford by the point of EU... ;D ;D ;D
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Cameron is spineless >:( >:(
Thatcher would have sorted Fuhrer Merkel out, and her little french poodle :y :y
no doubt, Iron lady can do that ;D :y
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Cameron is spineless >:( >:(
Thatcher would have sorted Fuhrer Merkel out, and her little french poodle :y :y
Oh no.. you mentioned Thatcher - that's guaranteed to make the thread descend into an argument over whether she was the best PM we ever had, or the devil incarnate.. ;)
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Thatcher would have sorted Fuhrer Merkel out, and her little french poodle :y :y
Iron Lady ? 8)
It's said the engine of EU economy is the French - German corporation, but two strong country not enough if there are a lot of weak one...That's why GB is needed as a possible new supporter (means : payer) member.
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Thatcher would have sorted Fuhrer Merkel out, and her little french poodle :y :y
Iron Lady ? 8)
It's said the engine of EU economy is the French - German corporation, but two strong country not enough if there are a lot of weak one...That's why GB is needed as a possible new supporter (means : payer) member.
French is far from being an engine imo ;D
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We are all doomed to years of penury. Well not all as the freking banks will be alright.
Next week rumour has it that the markets will put the spotlight on Belgium and Austria of all places. Then they will be back on Spain now we have Rajoy (Conservatives) in power here.
Best buy gold even though it is high.
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these are best times for some to make more profit.. and for others time too loose job :(
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The banks are not alright.Far from it.Many hundreds of thousands of people around the world lost their jobs in the banking sector before the credit crunch even started to affect anyone else.Their share prices are averaging around 10% of what they were before the credit crunch etc.etc... ::)
The banking cirisis has exposed the political elites in many countries who for years had been getting away with spending money their countries didnt have and in many cases, never would have.It had to happen sometime,and the longer it went on before it was exposed,the worse it was going to be. ;)
Varche - you need to get over this irrational hatred of anyone who works for a bank. ::)
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Cameron is best of the lot.
Clegg - wants more European integration.
Millipede - well would you trust him?
Now David Davis - he would have been ideal
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Thatcher would have sorted Fuhrer Merkel out, and her little french poodle :y :y
Iron Lady ? 8)
It's said the engine of EU economy is the French - German corporation, but two strong country not enough if there are a lot of weak one...That's why GB is needed as a possible new supporter (means : payer) member.
French is far from being an engine imo ;D
Indeed cem, either of the financial or automotive varieties - witness the PRV 6. :'(
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Cameron is best of the lot.
Clegg - wants more European integration.
Millipede - well would you trust him?
Now David Davis - he would have been ideal
Cameron is best of the lot
Sadly Martin that does little to bolster one's confidence in the make-believe Tory. :(
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Cameron is best of the lot.
Clegg - wants more European integration.
Millipede - well would you trust him?
Now David Davis - he would have been ideal
Cameron is best of the lot
Sadly Martin that does little to bolster one's confidence in the make-believe Tory. :(
I know
Hence I think he will be ousted before too long by a real one
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I'm pretty sure we'll be stuck with Labour again after the next elections..
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I'm pretty sure we'll be stuck with Labour again after the next elections..
Don't scare me
We have just got rid of them and if we get one in our constituency it is a woman who is too crap to go in an open vote.
However pretty sure there will be no UKIP in ours (Eurosceptic) so new chap (definately a rebel) still has a chance, just a randon labour woman and maybe a libdem.
As to Millipede - no way is he suitable PM material.
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Hungary calls for IMF assistance
http://www.ft.com/cms/s/0/43b80d02-143a-11e1-b07b-00144feabdc0.html#axzz1eLn4a39g (http://www.ft.com/cms/s/0/43b80d02-143a-11e1-b07b-00144feabdc0.html#axzz1eLn4a39g)
Another one bites the dust. ::) ::)
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Hungary calls for IMF assistance
http://www.ft.com/cms/s/0/43b80d02-143a-11e1-b07b-00144feabdc0.html#axzz1eLn4a39g (http://www.ft.com/cms/s/0/43b80d02-143a-11e1-b07b-00144feabdc0.html#axzz1eLn4a39g)
Another one bites the dust. ::) ::)
I must have missed something - but I thought the problem was that the Euro countries couldn't devalue their own currency to save their economy, ergo they had to be bailed out.
But Hungary has it's own currency.. so how come it isn't just devaluing it, like I've seen mentioned so many times here?
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Well it means they dont have both hands tied behind their back while trying to solve their problems,but it isnt an automatic cure for all financial ills. ::)
I notice that certifiable idiot Michael Heseltine has come out of the woodwork today and said that the UK will inevitably join the Euro in the future.
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Britain will join the Euro before long says German Finance Minister
Sounds typical to me. "Fully-emblinkered German fails to see the sensible alternative." Been there plenty of times sitting in meetings having worked for German companies most of my career. ;D
I think the "EURO = can'o'worms" message should have hit home with even the thickest voters here by now so they'll never get that past a referendum. ;D Rubber stamp it is, then. >:(
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Hungary calls for IMF assistance
http://www.ft.com/cms/s/0/43b80d02-143a-11e1-b07b-00144feabdc0.html#axzz1eLn4a39g (http://www.ft.com/cms/s/0/43b80d02-143a-11e1-b07b-00144feabdc0.html#axzz1eLn4a39g)
Another one bites the dust. ::) ::)
worse.. when IMF finishes the job, they would prefer biting the dust a million times :(
we had crisis in year 2000 where there were no crisis anywhere else.. reason was the central bank and treasury applying IMF rules.. >:(
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Hungary calls for IMF assistance
http://www.ft.com/cms/s/0/43b80d02-143a-11e1-b07b-00144feabdc0.html#axzz1eLn4a39g (http://www.ft.com/cms/s/0/43b80d02-143a-11e1-b07b-00144feabdc0.html#axzz1eLn4a39g)
Another one bites the dust. ::) ::)
I must have missed something - but I thought the problem was that the Euro countries couldn't devalue their own currency to save their economy, ergo they had to be bailed out.
But Hungary has it's own currency.. so how come it isn't just devaluing it, like I've seen mentioned so many times here?
Devaluation is hard case becouse lots of hungarians have loans/mortgages on own estate or car of course in foreign currency. So if devaluation is realised the amount of money per month they have to repay is going on to the skies... National Bank of Hungary could regularize the rate of exchange but there is a little ideological opposition between the Gov and Bank. The Gov represents a right wing conservative line but the Bank does a left wing liberal-socialistic direction.Gov is attempting to push Bank to modify the hire of money unsuccessfully... They are independents, Gov say what they want the Bank do what they want...
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Hungary calls for IMF assistance
http://www.ft.com/cms/s/0/43b80d02-143a-11e1-b07b-00144feabdc0.html#axzz1eLn4a39g (http://www.ft.com/cms/s/0/43b80d02-143a-11e1-b07b-00144feabdc0.html#axzz1eLn4a39g)
Another one bites the dust. ::) ::)
worse.. when IMF finishes the job, they would prefer biting the dust a million times :(
we had crisis in year 2000 where there were no crisis anywhere else.. reason was the central bank and treasury applying IMF rules.. >:(
Many country which adopted regulars of IMF was in trouble later becouse of advices of IMF. >:( It occurred several times ,on different points of the world but mainly in South-America. IMF gave wrong advice a lot of time as if they had been interested specially in connection with these countries...it's declared that IMF has to support the stability of international finance but seems they don't do . (or unable to do...?) :-\
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Hungary calls for IMF assistance
http://www.ft.com/cms/s/0/43b80d02-143a-11e1-b07b-00144feabdc0.html#axzz1eLn4a39g (http://www.ft.com/cms/s/0/43b80d02-143a-11e1-b07b-00144feabdc0.html#axzz1eLn4a39g)
Another one bites the dust. ::) ::)
worse.. when IMF finishes the job, they would prefer biting the dust a million times :(
we had crisis in year 2000 where there were no crisis anywhere else.. reason was the central bank and treasury applying IMF rules.. >:(
Many country which adopted regulars of IMF was in trouble later becouse of advices of IMF. >:( It occurred several times ,on different points of the world but mainly in South-America. IMF gave wrong advice a lot of time as if they had been interested specially in connection with these countries...it's declared that IMF has to support the stability of international finance but seems they don't do . (or unable to do...?) :-\
agreement with IMF means marriage with devil.. no buts, ifs.. most south america countries kick them and much better now.. :(
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agreement with IMF means marriage with devil.. no buts, ifs.. most south america countries kick them and much better now.. :(
Aye, unfortune, but without agreement the investors/shareholders are distrustfuls of Hungary...We don't want to take a definite amount just an agreement is needed investors to be calmed.
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agreement with IMF means marriage with devil.. no buts, ifs.. most south america countries kick them and much better now.. :(
Aye, unfortune, but without agreement the investors/shareholders are distrustfuls of Hungary...We don't want to take a definite amount just an agreement is needed investors to be calmed.
they take more than they give.. so they leave the country always on minus..
and besides an agreement with a knife on your neck is not an agreement, its something different..
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agreement with IMF means marriage with devil.. no buts, ifs.. most south america countries kick them and much better now.. :(
Aye, unfortune, but without agreement the investors/shareholders are distrustfuls of Hungary...We don't want to take a definite amount just an agreement is needed investors to be calmed.
they take more than they give.. so they leave the country always on minus..
and besides an agreement with a knife on your neck is not an agreement, its something different..
this is used for external players.. as they always tend to move quickly.. when things ok, they come in loads and when things mess up leave as soon as possible and leave a wreck behind them!
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The Hun Gov not intend to take any money of IMF just would like to quiet the nervousness of investors by a background agreement...I guess it's acceptable...No need concrete amount of money , Gov needs trust only. :y
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The Hun Gov not intend to take any money of IMF just would like to quiet the nervousness of investors by a background agreement...I guess it's acceptable...No need concrete amount of money , Gov needs trust only. :y
I wish all will be ok in the end for you :y
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I'm going to continue doing what has worked for the last 48 years. we have our own financial crisis some of which we managed on our own with no help & some of which is tangled up with the rest of europe, yes i'm going to choose not to get involved with the whole sorry debacle. I'll still live in my little house with my little mortgage driving my big truck for a little wage. We have been flat out since i can remember & recently won more container contracts from bigger firms....trick is we won't get too big as a company & some of our contracts are outside europe, eggs/basket etc. Still getting my hours in.
That said i sympathize with & wish well any of you whose jobs are under threat. Take nothing forgranted.
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The Hun Gov not intend to take any money of IMF just would like to quiet the nervousness of investors by a background agreement...I guess it's acceptable...No need concrete amount of money , Gov needs trust only. :y
I wish all will be ok in the end for you :y
Thank you Cem, I wish as well... :y
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Indeed, Varche, and according to The Express...
...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 empire”.
I have to say that whilst some British newspapers have questioned the degree of German influence in Europe, none have called it "sick".
A nasty turn in British/German relations. :( :o
They got this right though!!! :y
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Indeed, Varche, and according to The Express...
...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 empire”.
I have to say that whilst some British newspapers have questioned the degree of German influence in Europe, none have called it "sick".
A nasty turn in British/German relations. :( :o
They got this right though!!! :y
In relation to the yellow text Tigg - we should pose that question to some of the following for starters;
(http://i698.photobucket.com/albums/vv345/Catdracula/images-3.jpg)
(http://i698.photobucket.com/albums/vv345/Catdracula/imageshes.jpg)
(http://i698.photobucket.com/albums/vv345/Catdracula/imagescam.jpg)
(http://i698.photobucket.com/albums/vv345/Catdracula/imagescleg.jpg)
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Indeed, Varche, and according to The Express...
...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 empire”.
I have to say that whilst some British newspapers have questioned the degree of German influence in Europe, none have called it "sick".
A nasty turn in British/German relations. :( :o
They got this right though!!! :y
In relation to the yellow text Tigg - we should pose that question to some of the following for starters;
Of course that does not include those money grabbing weasels in business and a rather wan MSM that would rather write about celebrity, lifestyle and any other fodder thrown in its general direction by the government of the day. :y
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With any luck Merkozy will decide that Great Britain dosn't fit into their grand Euro plan and will evict us as undesirables!! ;D :y