Euro getting slammed

[Coronita]

With greece and portugal in financial mess, what’s the deal with speculation of a euro breakup? Isn’t this sort of extreme? So if a country in the euro block defaults, what happens exactly?

Wow, interesting times. And just think, if some of those countries bitching about the USD actually did diversify into euros, that would have been interesting, wouldn’t it?

[Nor-LA-SD-guy]

As bad as “The Powers That Be” are here in the U.S.A., they are far worse most everywhere else.

On a side note, I think TPTB want inflation big time but are at a loss as to how to get the average wage to say 100-150K per year when most everyone but them is laying people off.

This is just my opinion however.

[Nor-LA-SD-guy]

As bad as “The Powers That Be” are here in the U.S.A., they are far worse most everywhere else.

On a side note, I think TPTB want inflation big time but are at a loss as to how to get the average wage to say 100-150K per year when most everyone but them is laying people off.

This is just my opinion however.

[Nor-LA-SD-guy]

As bad as “The Powers That Be” are here in the U.S.A., they are far worse most everywhere else.

On a side note, I think TPTB want inflation big time but are at a loss as to how to get the average wage to say 100-150K per year when most everyone but them is laying people off.

This is just my opinion however.

[Nor-LA-SD-guy]

As bad as “The Powers That Be” are here in the U.S.A., they are far worse most everywhere else.

On a side note, I think TPTB want inflation big time but are at a loss as to how to get the average wage to say 100-150K per year when most everyone but them is laying people off.

This is just my opinion however.

[Nor-LA-SD-guy]

As bad as “The Powers That Be” are here in the U.S.A., they are far worse most everywhere else.

On a side note, I think TPTB want inflation big time but are at a loss as to how to get the average wage to say 100-150K per year when most everyone but them is laying people off.

This is just my opinion however.

[SD Transplant]

Interesting times indeed Flu. I’ve been expecting the Euro to drop against the $ for sometime. I still have some unfinished projects in a certain EU part that were ceased due to the $ devaluation. Soon, things might be looking better.

Anywho, the issues spread beyond Greece and Portugal, it is a group named PIGS: Portugal, Ireland, Greece, and Spain. Also, Italy is not far behid…it could be PIIGS soon :).

The news in the EURO blog community is that the EU won’t bail out these countries and won’t reject them from the union….so, what would happen? Common answer: they will loose sovereignty. Initially, it’s just fiscal, but we know how that goes. In essense, the EU heads + IMF will stand by to bail them out, then they will take over the management of budget/approvals. IMF+EU will enforce, as it is now into works, a spartan plan of budget cuts combined with tax hikes (along with already mentioned extended age for retirement)….Problem solved 🙂

Of course, the greeks were already on the street before the final plans were even announced.

[SD Transplant]

Interesting times indeed Flu. I’ve been expecting the Euro to drop against the $ for sometime. I still have some unfinished projects in a certain EU part that were ceased due to the $ devaluation. Soon, things might be looking better.

Anywho, the issues spread beyond Greece and Portugal, it is a group named PIGS: Portugal, Ireland, Greece, and Spain. Also, Italy is not far behid…it could be PIIGS soon :).

The news in the EURO blog community is that the EU won’t bail out these countries and won’t reject them from the union….so, what would happen? Common answer: they will loose sovereignty. Initially, it’s just fiscal, but we know how that goes. In essense, the EU heads + IMF will stand by to bail them out, then they will take over the management of budget/approvals. IMF+EU will enforce, as it is now into works, a spartan plan of budget cuts combined with tax hikes (along with already mentioned extended age for retirement)….Problem solved 🙂

Of course, the greeks were already on the street before the final plans were even announced.

[SD Transplant]

Interesting times indeed Flu. I’ve been expecting the Euro to drop against the $ for sometime. I still have some unfinished projects in a certain EU part that were ceased due to the $ devaluation. Soon, things might be looking better.

Anywho, the issues spread beyond Greece and Portugal, it is a group named PIGS: Portugal, Ireland, Greece, and Spain. Also, Italy is not far behid…it could be PIIGS soon :).

The news in the EURO blog community is that the EU won’t bail out these countries and won’t reject them from the union….so, what would happen? Common answer: they will loose sovereignty. Initially, it’s just fiscal, but we know how that goes. In essense, the EU heads + IMF will stand by to bail them out, then they will take over the management of budget/approvals. IMF+EU will enforce, as it is now into works, a spartan plan of budget cuts combined with tax hikes (along with already mentioned extended age for retirement)….Problem solved 🙂

Of course, the greeks were already on the street before the final plans were even announced.

[SD Transplant]

Interesting times indeed Flu. I’ve been expecting the Euro to drop against the $ for sometime. I still have some unfinished projects in a certain EU part that were ceased due to the $ devaluation. Soon, things might be looking better.

Anywho, the issues spread beyond Greece and Portugal, it is a group named PIGS: Portugal, Ireland, Greece, and Spain. Also, Italy is not far behid…it could be PIIGS soon :).

The news in the EURO blog community is that the EU won’t bail out these countries and won’t reject them from the union….so, what would happen? Common answer: they will loose sovereignty. Initially, it’s just fiscal, but we know how that goes. In essense, the EU heads + IMF will stand by to bail them out, then they will take over the management of budget/approvals. IMF+EU will enforce, as it is now into works, a spartan plan of budget cuts combined with tax hikes (along with already mentioned extended age for retirement)….Problem solved 🙂

Of course, the greeks were already on the street before the final plans were even announced.

[SD Transplant]

Interesting times indeed Flu. I’ve been expecting the Euro to drop against the $ for sometime. I still have some unfinished projects in a certain EU part that were ceased due to the $ devaluation. Soon, things might be looking better.

Anywho, the issues spread beyond Greece and Portugal, it is a group named PIGS: Portugal, Ireland, Greece, and Spain. Also, Italy is not far behid…it could be PIIGS soon :).

The news in the EURO blog community is that the EU won’t bail out these countries and won’t reject them from the union….so, what would happen? Common answer: they will loose sovereignty. Initially, it’s just fiscal, but we know how that goes. In essense, the EU heads + IMF will stand by to bail them out, then they will take over the management of budget/approvals. IMF+EU will enforce, as it is now into works, a spartan plan of budget cuts combined with tax hikes (along with already mentioned extended age for retirement)….Problem solved 🙂

Of course, the greeks were already on the street before the final plans were even announced.

[SD Transplant]

[quote=Nor-LA-SD-guy]As bad as “The Powers That Be” are here in the U.S.A., they are far worse most everywhere else.

On a side note, I think TPTB want inflation big time but are at a loss as to how to get the average wage to say 100-150K per year when most everyone but them is laying people off.

This is just my opinion however.[/quote]

Yep, I agree with you on this. The trend is there to kill these 6 figures. I hope it happens fast HERE (Mish’s blog today)

http://globaleconomicanalysis.blogspot.com/2010/02/rapid-transit-salaries-look-at-beloved.html

[SD Transplant]

[quote=Nor-LA-SD-guy]As bad as “The Powers That Be” are here in the U.S.A., they are far worse most everywhere else.

On a side note, I think TPTB want inflation big time but are at a loss as to how to get the average wage to say 100-150K per year when most everyone but them is laying people off.

This is just my opinion however.[/quote]

Yep, I agree with you on this. The trend is there to kill these 6 figures. I hope it happens fast HERE (Mish’s blog today)

http://globaleconomicanalysis.blogspot.com/2010/02/rapid-transit-salaries-look-at-beloved.html

[SD Transplant]

[quote=Nor-LA-SD-guy]As bad as “The Powers That Be” are here in the U.S.A., they are far worse most everywhere else.

On a side note, I think TPTB want inflation big time but are at a loss as to how to get the average wage to say 100-150K per year when most everyone but them is laying people off.

This is just my opinion however.[/quote]

Yep, I agree with you on this. The trend is there to kill these 6 figures. I hope it happens fast HERE (Mish’s blog today)

http://globaleconomicanalysis.blogspot.com/2010/02/rapid-transit-salaries-look-at-beloved.html

[SD Transplant]

[quote=Nor-LA-SD-guy]As bad as “The Powers That Be” are here in the U.S.A., they are far worse most everywhere else.

On a side note, I think TPTB want inflation big time but are at a loss as to how to get the average wage to say 100-150K per year when most everyone but them is laying people off.

This is just my opinion however.[/quote]

Yep, I agree with you on this. The trend is there to kill these 6 figures. I hope it happens fast HERE (Mish’s blog today)

http://globaleconomicanalysis.blogspot.com/2010/02/rapid-transit-salaries-look-at-beloved.html

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