Euro collapse what's next? - Page 2

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qwertyesque thumbnail
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Posted: 15 years ago
#11

Originally posted by: Summer3

Euro is collapsing and looks like it may have to be either devalued or disbanded. Unless the member countries can adopt painful measures. Common currency may not work due to the nature of each economy. Countries like Greece has very highly disorganized financial structure.

Good.. now I can buy a sandwich for a dollar at one of the european airports the next time fly to india....😆
413185 thumbnail
Posted: 15 years ago
#12
YAAAHOO! its amazing how the euro collapse brought down the sensex :D

Anyway, its a great time to invest during these psychologically caused sensex crashes! its amazing! i hope ww3 comes so i can really invest :D
qwertyesque thumbnail
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Posted: 15 years ago
#13

Originally posted by: jettythegod

YAAAHOO! its amazing how the euro collapse brought down the sensex :D

Anyway, its a great time to invest during these psychologically caused sensex crashes! its amazing! i hope ww3 comes so i can really invest :D

you should change your id to jettythebear😆
413185 thumbnail
Posted: 15 years ago
#14

Originally posted by: qwertyesque

you should change your id to jettythebear😆



yep, I looove bear markets coz ppl all stay away from them lol
Summer3 thumbnail
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Posted: 15 years ago
#15

Originally posted by: jettythegod



yep, I looove bear markets coz ppl all stay away from them lol

I guess Europe must be considering what is next.
Most of the member countries are all Christians I believe and Turkey was shut out . But Turkey would have suffered the same fate if it had been a member as all costs would go up.
hindu4lyf thumbnail
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Posted: 15 years ago
#16

Originally posted by: Believe

</div>
<div><font color="#0066ff">Now a days Europe has a debt crisis worse then America. What it is going to do but pay back the dept with interest making slower growth. I think EU is failed...Britain declared itself one of those. In reality it is the richest nation on the earth. It's government may be in red but the citizens of Britain,collectively, has the highest amount of wealth worldwide.This way they don't have to help and at the same time they can receive help when other nations are being helped. What an irony. They can fool the world easily....I think India should donate 5 - 10 billion to Greece for relief package. If India can give 10billion to IMF and can buy 300 tons of gold from IMF then easily can give 5 - 10 billion to save Greece Economy.😊</font>



10 billion to greece? India ke paas faltu ka paisa nahi hain! lol
I'm glad we kept the pound but thanks to labour (13 years of misery), the UK's national debt is over 900 BILLION POUNDS! The conservative government have just come in to power and have planned out a 6 billion cuts plan, let's see how that works out. :S So i'm not sure from what angle we are rich. 😆 The average income might be higher than some countries but don't forget the cost of living is a LOT more too. Thanks to labour, who didn't tightent the regulation on the UK banking indsutry, they had to pay out billions of pounds to save the banks from collapsing and consumers losing their money so they only have themselves to blame.
-Believe- thumbnail
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Posted: 15 years ago
#17

Originally posted by: hindu4lyf



10 billion to greece? India ke paas faltu ka paisa nahi hain! lol -- 😆We have enough money to give loan to greece ,India has 300 billion of Foreign exchange reserves.India is lending USD 10 billion to IMF can't be poor.Indian economy to join G-20.India received $60 billion in remittance inflows in 2009, the highest among developing countries....Other fact is Entire Europe is living with our money by looting us in colonial and post colonial era.😛 Even our ruling political party funds are lying in swiss bank which Hindustan is not able to get back. Every year our ruling party and businessman are donating huge amount to swiss bank for parking their unaccounted money there..!.


Edited by Believe - 15 years ago
debayon thumbnail
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Posted: 15 years ago
#18

Originally posted by: Believe

Now a days Europe has a debt crisis worse then America. What it is going to do but pay back the dept with interest making slower growth. I think EU is failed...Britain declared itself one of those. In reality it is the richest nation on the earth. It's government may be in red but the citizens of Britain,collectively, has the highest amount of wealth worldwide.This way they don't have to help and at the same time they can receive help when other nations are being helped. What an irony. They can fool the world easily.... I think India should donate 5 - 10 billion to Greece for relief package. If India can give 10billion to IMF and can buy 300 tons of gold from IMF then easily can give 5 - 10 billion to save Greece Economy.😊

Yeah kya Truman Doctrine samaj ke rekha hain kya?😆
Summer3 thumbnail
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Posted: 15 years ago
#19
Well if India's foreign reserves are in gold then the value would have gone up. But I believe most could be in a basket of currencies mainly the US$.
China is reviewing its Euro holdings and this has added further pressure.

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