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What Is The Euro?

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DangerUXD | 17:18 Fri 22nd Mar 2013 | News
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Portillo, on this week, suggested it's not a currency really, more of an ideology. I have myself long believed it to be a political shoe horn used by the EU standard tyranny to force us into their socialist dynasty. So do you think the folly of this will come home to roost or will the Germans make the Euromark work at any cost?
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I have always greatly admired Portillo. I always thought it a great shame he never made it to PM.

The Euro is the Germans way of conquering Europe without Panzer's. They will try anything in the book to keep it. Secretly in some circles I suspect they are loving the PIGS and Cyprus problems. It will enable them to have a tight grip in years to come.
I thought Portillo was awful as a minister. He is very good at presenting train programmes now.

The Euro is a money token. That is redeemable in several different parts of Europe. It was designed for our and businesses convenience.

On paper, it is a good idea.
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"a money token" - I agree, can everyone stop pretending it's a currency now?
But gromit

Doesn't that /money token/ rely on the unrealistic idea of fiscal integration between diverse and incompatible economies?
Always thought it should have been promissary notes, as it has no national bank for the note to be validated against, IMO
Ah now we're getting interesting

You don't like Europe because you think it's left wing!

The only reason I can think of that is because it regularly takes the side of consumers over big business corporations.

The Euro is a side show - you just don't like the EU

Tell me that I'm wrong but I think you'd like to take apart all state controls until we're a US look-alike

No 'socialised medicine' in the form of the NHS

No 'national broadcaster' in the shape of the BBC

No significant welfare - let them make do with charity


And you see European countries pulling in the opposite direction and don't want anything to do with it.


If we were getting the same financial deal to be part of the US you'd be as happy as Larry?

Wrong? Right? getting there?
Its the currency dreamed up by the political elite for their dreamed of empire/superstate they so desperately crave
Zeuhl's comment above somes it up quite succinctly. How can you create a smooth playing surface when its riddled with potholes.
^ ^ ^

whooooooooooosh!
Wrong, jake.

Whilst the EU and the euro are inextricably linked, the problems caused by the former are but nothing compared to the problems the latter has thrown up. As you may have guessed I am no fan of either and would like to see both of them consigned to history. But given a choice of being able to ditch just one I would settle every time for the euro going in the dustbin. Again as you know I believe it to be a flawed project based, as Mr Portillo says, on an ideology rather than economics or common sense. It is causing untold hardship across the continent and is suitable for only a small number of the nations currently signed up to it. These problems will only increase as the new EU nations are forced into using it. I don’t much care about the problems suffered by its users. I’m more concerned with the contagious havoc the wretched currency has wreaked across the wider world.

By contrast the EU is a mere nuisance (though a very considerable one) and is an anti-democratic and corrupt organisation. Of course its crowning glory (the euro) was born from its ideology that all of Europe must be controlled from Brussels but my dislike of it has nothing to do with what it does or does not do. My dislike of it stems from the fact that it has secured, by stealth, powers over the UK electorate which they would never had relinquished had they been asked in an honest and straightforward manner. As a result it interferes and legislates in matters which should be the sole preserve of the UK Parliament.

The euro is certainly no side show as you suggest. It is the main event and the pinnacle of the havoc that the EU has wreaked on the hapless people of Europe.
Cyprus passes all nine bills on bank resolution required for E.U. bailout !!
I love the way jake 'outs' the euro sceptics as being right wingers - as if they've ever tried to keep it a secret.
as though some on the left aren't euro sceptics, i bet there are loads, only they can't say for fear of being not in goose step.
In the 1970s and 1980s, Labour was the Party of EuroSkeptics and the Conservatives were very pro Europe. On the right, it was only extremists like Paisley and Enoch Powell who rallied about the loss of souventy. Funny how times change.
gromit // Funny how times change. //

It's not the parties that have brought about the change, it's the way that the
EU has changed. In the early days the concept of Europe was based on free trade and minimal state control. So socialist Labour was against it and the Tories were for it.
However it is now the opposite we have massive state centralised controls
and little free trade. So naturally Labour backs this socialised dominated Europe and the Tories are largely against it.

Which is the latest country to go to the wall? Communist led Cyprus ,who followed the lead of the Greek Communist party and their president who imagine they can work shorter and shorter hours , retire in their 50s and just spend , spend, and borrow , borrow , their way out of trouble.

Have you noticed how politicians never talk about debts, or borrowing , or more taxation . Instead they talk about investment , financial incentives, expanding the economy, building up the infra structure.etc.
Ed Balls is the master of that dialogue . Should I say dialogue it's more a monologue, he trots out the same old ideology that failed.
What Is The Euro? No one knows but a Monopoly game might be the best answer.
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33% right jake, not too bad, I love the NHS and the BBC but I do hate spending money on workshy layabouts so yes you can have that one.I hate the EU mainly because it is not necessary. We can have cooperation and agreements without a huge army of pen pushers with so much time on their hands they think up ever more ridiculous rules. We have a sterile layer of MEP's with no power and an all powerful commission using nepotism as their standard recruitment technique.
"and just spend , spend, and borrow , borrow , their way out of trouble. "

oh i thought you meant our labour party, thats their M.O., always has always will.

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