Is it bye bye Eurozone?

[Kayless]

According to David Murrin on Panorama tonight, it is unsustainable and it's collapse is inevitable. What do we think people?

[jno]

nothing is written (© Lawrence of Arabia)

[cazzz1975]

hopefully yes..

[jno]

why do you hope someone's currency will collapse, cazzz?

It's not as if the UK will miraculously be unaffected.

[cazzz1975]

most of the other countries do not want the euro either, they want their old currency back

[cazzz1975]

interesting debate on here in the comments below
http://www.bbc.co.uk/news/uk-politics-16134496

[jno]

first I've heard of it - everyone else has signed up to the prospect of finding ways of saving the euro, which suggests they're in no hurry at all to return to their francs and lira.

Thanks to Brown and Balls, we're not in it. But currency chaos among big trading partners will hit Britain badly all the same.

[Coldicote]

This whole EU and Eurozone business is more complicated than many people realised. How did things work before they were created and what would have happened if there had been the much demanded referendum? Probably the Eurozone will collapse. Once upon a time there was a British Empire to trade with.

[Old_Geezer]

I suspect it is not the collapse per se that is desired, it is the return to sanity where a reasonable sized area controls its own economy and currency, rather than try to have it dictated over a massive area of diverse countries by some elite. Any correction of an error is likely to have a cost as one cuts one's loses.

[New Judge]

The Euro was a flawed project from the outset and those responsible for its introduction were adequately warned of their potential folly. The only surprise is that it has taken this long to reach its dénouement and that is testimony to the dogged determination of the Euro fanatics to see their folly prevail.

But we are where we are and the idiocies of their predecessors (who have long since sailed off into the sunset with their yachts stowed with filthy lucre – not in Euros I suspect) must be rectified by current Eurocrats.

The only way the Euro will survive is by Germany financially colonising the rest of the Eurozone. This is what the proposed Treaty amendments are all about. This cannot be achieved in time to prevent the markets making the cost of borrowing for the beleaguered economies unsustainable. Yes, a few more hundred billions will be thrown at the rogue states to defer the inevitable, but inevitable it will be.

OG is quite right, it is not the end of the Euro that people want, it is an end to the lunacy that they wish to see. Although there will be difficulties, the prophesies of apocalyptic catastrophe are hugely overstated, encouraged by vain politicians eager to avoid a humiliating climb down. Disengagement from a currency is not difficult. There are numerous examples in recent history. But acceptance that mistakes were made and swift decisive political action are needed – the very things that have been proved to be in short supply in the fantasy land of the Euro.

[rojash]

Some of you will be shocked by my answer.
As most of you know, I'm pro-EU and believe DC made a big mistake with his veto on changes to the treaty, but personally, I really would like to see the end of the Euro.
It was certainly the worst thing that ever happened to Greece and Italy. To imagine that you can have a fixed exchange rate for countries with economies as disparate as those of Greece and Germany is a total nonsense.

Here in Greece we suffered disastrous inflation within weeks of the introduction of the Euro. And in ten years it has pretty much destroyed the traditional way of life for ordinary Greeks. (I know that you've all watched programs or read articles about corruption in Greece, but blaming ordinary Greeks for that is the equivalent of blaming ordinary Brits and Yanks for the banking disasters).

[Hopkirk]

I'm no economist, but I could see the Euro was a stupid idea.

After the ERM failed, how could any intelligent person think the Euro could work?

DC is doing great.

[jno]

I've posted three perfectly sensible answers so far, tabathazig; which one did you not understand?

[Gromit]

Is that the same David Murrin who predicts the fall of the American Empire? If he is right, then we should be worried. Lookks like attention seeking b*llocks though.

http://www.youtube.com/watch?v=UP5aqvfJZJQ&feature=youtube_gdata_player

[237SJ]

I`ve always said it will collapse. It seems to be coming a lot sooner than I thought though. A lot of damage has already been done though and it will be very hard to disentangle ourselves from it.

[237SJ]

Sorry, meant disentangle ourselves from the EU which I also think is going to go pear-shaped in the future.

[Gromit]

237SJ,

We are not part of the EuroZone thanks to Gordon Brown, so we are better placed than anyone else in Europe to disentangle ourselves surely?

[Brenden]

Surely gromit it was John Major who negotiated an opt out of the euro for Britain - I may be wrong if so I apologise.

[emmie]

Brenden is correct, John Major was indeed PM at the time of the signing of the Maastrict Treaty, and Blair was the one it seems who did want Britain to sign up to the Euro when he became PM. Gordon Brown was almost persuaded by his team, but opted not to adopt it, leaving us in a better position by far, than the Europhiles would have us believe. Just my opinion but this game has a long way to go.

[NOX]

I can't get over all the crazy Little Englanders whooping with joy because all of the economies directly around theirs might collapse.
What a bunch of:-
a. Nasty people.
b. Idiots who don't understand the consequences.
c. Both.

Pick whichever you feel applies.

PS Tabithazig- that's a reply that doesn't care what you think;-)