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[Rods2]

The German's failed to sell their full allocation of bonds yesterday.

http://www.mindfulmoney.co.uk/wp/shaun-richards/does-todays-failed-german-bond-auction-signal-rises-in-bond-yields-for-safe-haven-countries/

Today German 10 year bonds are trading higher than the UK's

http://www.mindfulmoney.co.uk/wp/shaun-richards/uk-gilt-yields-below-german-bond-yields-show-that-the-price-of-being-in-the-euro-is-rising/

Reports coming from meeting of Germany, France and Italy today that they are going to issue an ultimatum that the UK should largely underwrite the Euro losses join the Euro or leave the EU. Please, can we have a referendum on this Mr Cameron

Germany is now paying the price of being part of a falling house of cards in the Eurozone.

This is the beginning of the end of the Euro in its present form I think. Fasten your seat belts and hang on with white knuckles (no I'm not giving my miggy an Italian tuneup  ), as I think the financial roller coaster is about to get very, very bumpy. 

[Dishevelled Den]

 Yes I'm inclined to agree that life in the 'Zone' may well be less than appealing in the coming months and years.

Insofar as the referendum is concerned, I don’t really think this to be a viable proposition given the distinct lack of content within those holed up at Westminster to adopt bold moves or, indeed, move decisively on foot of a expressed desire to withdraw or fundamentally alter the present arrangements – especially those odious self fantasists who form (unfortunately) the other part of our national government.

I would certainly agree that Germany, in attempting to shape the Union to her own specification, has made a rod for her own back.

In terms of strategic importance – within the EU zone – I wouldn’t rate either France or Italy as being in a position to drive any meaningful measures to help to stabilise this crisis without the overpowering influence of Germany.

In this bastardised association with the EU we have been sold a pup by successive Westminster governments and, now that the reality of this grown animal blundering about and wrecking our house has dawned on the more fragrant members of our parliament, it’s going to be very difficult to get something constructively done about it because those people charged with running our country are about as much use as teats are on a bull. 

[albitz]

Yep - they are about to attempt to use the crisis they have created as a reason for a huge power grab, and to play a game of of very high stakes poker with the UK.We are the only relatively rich country in the EU who arent borrowing against the next 20 generations wealth, to bail out bankrupt EU mamber states.
I hope they force Camerons hand and then the Eurosceptics can ambush him and finish him off. Happy days (in the longer term at least).

[Varche]

Deja vu,

I said that even Germany was looking weak some time ago. It is all looking a bit problematic. Merkosy need to produce some rabbits quickly before everything goes down the bathplug. It won't be long before the markets are on the backs of the new (Conservative) government here in Spain.   Buy gold and grow your own foodstuff.

On a separate note, I had to smile when I read that if Scotland was successful in getting independence from England et al , that under EU rules they like any other new country created out of an existing member state would be EXPECTED to take the Euro. They could apply for an exemption to keep sterling. My views on the subject are well known and I would hope that if they pressed on with the daft quest they didn't get an exemption!

[albitz]

Now that would be funny. .............I expect Scotland will if possible keep things exactly how they are at the moment.If your having your cake and eating it,why would you claim ownership to one small slice of cake wee bun.

[Dishevelled Den]

Now that would be funny. .............I expect Scotland will if possible keep things exactly how they are at the moment.If your having your cake and eating it,why would you claim ownership to one small slice of cake wee bun.

wee bun

I fancy a sore head and a cuppa now that you've said that.