Collapse of the euro?

[KarlT]

From what I've read the euro is looking very shakey with the PIGS dragging it down & the markets turning against it. Our 25th syncro trip might work out cheaper than we hoped. Might be worth holding off on buying any bits/T3's from germany, too.

[KarlT]

1.14 today..
I only got 1.06 last weekend at euro disney!! £20 for a Mcdonalds!!!

[eatcustard]

used to be 1.35, so a long way to go

[syncropaddy]

used to be 1.35, so a long way to go

Used to be 1.46 in 2006

[peasant]

Was meant to be one US Dollar when first launched so still 40-odd percent too high

[KarlT]

Many say its inevitable as many of the poorer Euro countries having been living way beyond their means & have no incentive or self controlling/correcting options.
I'm hoping for at least 2=1, I may then be able to get that house & land in South Brittany. Here's hoping!!

[syncropaddy]

Many say its inevitable as many of the poorer Euro countries having been living way beyond their means & have no incentive or self controlling/correcting options.
I'm hoping for at least 2=1, I may then be able to get that house & land in South Brittany. Here's hoping!!

Sterling will never be 2:1 with the Euro. You'd go broke if it was.

[Simon Baxter]

I was in france when they swapped it over from Francs to Euros, sure it was 1.6 then, well cheap it was.

[VanDiesel]

Happy day's they were, we brought our 1st French property at 1.52 back in 2002 in central Brittany

Just sold our 2nd French property in early December in the Hautes-Pyrenees to return to Blighty at 1.11

Timing is everything with the ex-rate, might be able to get me self a tidy Syncro Sika/Doka from over the channel if the euro continues to slide

[mcgill5]

my first 16 syncro which i bought from busman was only 2800 pounds! 4000 euros at the time!

[syncropaddy]

Euro is sliding against the dollar but is still higher than it was 12 months ago. Sterling is the same. Most major currencies are sliding against the dollar at the moment. In fact the Euro is higher now against Sterling than it was a month ago!! There is only a slight move away from the Euro as Dubai and Greece sort themselves out
Both currencies ($ and £)are weak against the Euro which is bad for Euro trading countries. When Sterling gets stronger it will be great for all you guys buying stuff in Europe but bad for the UK cuz we will stop buying from UK cuz you'll be too dear.
Now if you really want to watch currencies then keep an eye on China because that is where all the money has been coming from to fuel our lavish lifestyles over the last few years. If their currency gets stronger, the western world will find it more and more difficult to pay them back. It will also cool the Chinese economy down which is a good thing.

Now here's a thing ...... on the 4th July 2008 a barrel of crude oil was $145.29 and on 13th February 2009 it was $37.51 and now today the price is $71.19 ...... but is your petrol/diesel any cheaper?

[KarlT]

Many say its inevitable as many of the poorer Euro countries having been living way beyond their means & have no incentive or self controlling/correcting options.
I'm hoping for at least 2=1, I may then be able to get that house & land in South Brittany. Here's hoping!!

Sterling will never be 2:1 with the Euro. You'd go broke if it was.

Brave statement! Sounds like a RBS or lehmanns director statement!!

China is interesting though. The US & Europe should ban any imports from China, there is nothing they make that cannot be made here (& to a better quality). Giving them money to make cheap sh!t is very short-sighted.
But hey, short-sighted, quick buck making is the way Capitalist democracies work!!

[syncropaddy]

Sterling will never be 2:1 with the Euro. You'd go broke if it was.

Brave statement! Sounds like a RBS or lehmanns director statement!!

Not really a brave statement ..... remember what happened the last time Sterling was very strong..... exports died and Imports rose ...... BOOM end of the good ole days (late 80's)

[KarlT]

Our weak pound isn't doing us much good now anyhow.................
UK Trade

The deficit with EU countries was £3.7 billion in December 09', unchanged compared with November. Exports rose by £0.4 billion and imports rose by £0.5 billion. There was a rise in imports of cars.

The deficit with non-EU countries widened to £3.6 billion in December 09', compared with a deficit of £3.1 billion in November. Exports rose by £0.5 billion and imports rose by £0.9 billion. There was a rise in both exports and imports of oil. There was also a rise in imports of aircraft.


The pound will get stronger anyhow, never minding what happens to the Euro, as our intrest rates begin to rise over the next year. And the pound looks more attractive to investors. Just hope it starts to happen before April.

Most important countries/partners to the UK are US, Germany, France & Holland, When/if the Euro does collapse we should look into a common currency with these other stronger economies....Leave the PIIGS within europe but not in the same financial system.....(and of-course ban Chinese cr@p).

[KarlT]

And as a VW Forum we are travelling to Europe & buy many European cars,
I just thought the exchange rate news/gossip/predictions might be of interest.