Euro on verge of collapse

[Blue]

How could you call a government like ours Left wing?
To be honest, the terms from 30 years ago mean nothing like they used to.
We're mainly center, perhaps slightly to the left, but it's not like there's anarchy running through the streets and massive social revolutions going on every few months.

Shame about the Euro though, it, in theory, could have been a lovely strong currency, if all the countries under it were ruled as a sort of "super country" so no-one could balls it up like the Greeks. Perhaps a more stringent set of rules to stop things like that from happening, where the EU actually has the power to stop its own demise.

Ahh well, eventually the countries will ditch the EU as when one country falls > Euro goes down, therefore more start losing money, no-one invests in the Euro so more fail, and then someone decides to be smart and goes back to their old currency.

[-:Undertaker:-]

Maybe if those countries did go down it would be in trouble but for now I really don't see it happening, it's not doing too well but it's no way on the verge of collapse. Bare in mind it has the enormous economies of France/Germany, you can't bring something like that down easily and it's not going to go down without a fight and huge losses either. I don't see it going anywhere in the next five years or so, it'll struggle on.

Exactly, hence the term 'verge of collapse' - if the PIGS go down then the Euro will collapse. It all depends on the speculation in the markets. It will have huge losses if the others collapse because it will be Germany, France and possibly us who will have to foot the bill and we are already up to our eyeballs in debt.

How could you call a government like ours Left wing?
To be honest, the terms from 30 years ago mean nothing like they used to.
We're mainly center, perhaps slightly to the left, but it's not like there's anarchy running through the streets and massive social revolutions going on every few months.

Shame about the Euro though, it, in theory, could have been a lovely strong currency, if all the countries under it were ruled as a sort of "super country" so no-one could balls it up like the Greeks. Perhaps a more stringent set of rules to stop things like that from happening, where the EU actually has the power to stop its own demise.

Ahh well, eventually the countries will ditch the EU as when one country falls > Euro goes down, therefore more start losing money, no-one invests in the Euro so more fail, and then someone decides to be smart and goes back to their old currency.

Our government is left-wing, but as you said not as idealogical as it used to be (for both sides) but it is still left-wing. Our government is left-wing because it spends more than it has, has created bigger government and has raised taxes to the extremes. Infact its quite left-wing with the only difference being that they are not keen on displaying their true opinions in the open air as the words 'socialism', 'wealth re-distribution' and so forth don't sit well with the British public after they experienced it under James Callaghans Labour government.

On the 'super-country' - why would anyone want to lose their sovereignty and be ruled by an organisation like the European Union, the fact is; they don't hence why nobody is ever given a referendum on the issue, especially this country.

[Wig44.]

I think this is further proof that the monetary system simply doesn't work. Greece should not go to the IMF however, that is the worst thing they could do if they want to hold on to any assets they have.