Humphrey Appleby Posted October 15, 2016 Report Share Posted October 15, 2016 When the eu expanded greece should not have been allowed to join it Greece joined the EEC in 1981 - not long after the UK in fact - and before the EU existed. I think you're confusing the EU and the euro. Quote Link to comment Share on other sites More sharing options...
A ORLOV Posted October 15, 2016 Report Share Posted October 15, 2016 (edited) Greece joined the EEC in 1981 - not long after the UK in fact - and before the EU existed. I think you're confusing the EU and the euro. Alright the eec, but it should have still not been allowed to join the eec or take up the euro when the euro was created. Edited October 15, 2016 by A ORLOV Quote Link to comment Share on other sites More sharing options...
PHILIPRISING Posted October 15, 2016 Report Share Posted October 15, 2016 Which is why the euro is the second most traded currency in the world, is the second most widely held reserve currency, and has increased 20% in value against the pound in the past year. Yes, it clearly doesn't work... ASK the Germans if they like sharing a currency with Greece for example or vice versa 1 Quote Link to comment Share on other sites More sharing options...
BluPanther Posted October 15, 2016 Report Share Posted October 15, 2016 ASK the Germans if they like sharing a currency with Greece for example or vice versa I know what the Dutch think of it, but forum rules won't allow me to express their views... Quote Link to comment Share on other sites More sharing options...
TonyE Posted October 15, 2016 Report Share Posted October 15, 2016 Which is why the euro is the second most traded currency in the world, is the second most widely held reserve currency, and has increased 20% in value against the pound in the past year. Yes, it clearly doesn't work... Agreed - it clearly doesn't work for some of the countries using it as they have no flexibility in terms interest/exchange rate manipulation to correct imbalances in their own economies. Quote Link to comment Share on other sites More sharing options...
A ORLOV Posted October 15, 2016 Report Share Posted October 15, 2016 Agreed - it clearly doesn't work for some of the countries using it as they have no flexibility in terms interest/exchange rate manipulation to correct imbalances in their own economies. That is exactly the issue, when a certain interest rate is correct for one country it is not right for others, so ultimately it will not optimise what can be the best for all. Quote Link to comment Share on other sites More sharing options...
The Voice Of Reason Posted October 15, 2016 Report Share Posted October 15, 2016 As I said on an earlier post, the queen didn't pay any tax for over 50 years. 'Greek influence' maybe? 2 Quote Link to comment Share on other sites More sharing options...
Deano Posted October 15, 2016 Report Share Posted October 15, 2016 As I said on an earlier post, the queen didn't pay any tax for over 50 years. 'Greek influence' maybe? still waiting for all that information you said you had. Quote Link to comment Share on other sites More sharing options...
The Voice Of Reason Posted October 15, 2016 Report Share Posted October 15, 2016 still waiting for all that information you said you had. And as I have offered (twice) as soon as someone justifies this "they bring a lot of money through tourism" BS with substantial evidence to prove their case then, rest assured, your wait will be over. Quote Link to comment Share on other sites More sharing options...
waiheke1 Posted October 15, 2016 Report Share Posted October 15, 2016 British tourism agency estimates the royal family generates 500 million pounds per year. The most detailed info I can find suggests net revenue generated of 1.1 billion per year. Though conversely I see a body called "republic" claiming net annual deficit of 350m though I suspect they are not unbiased. Suspect the truth lies somewhere in the middle. Though if you were to liquidate the 50b of crown assets I can see the uk would be better off even with a modest 5% return. But if you were to seize those estates it surely undermines the whole basis on which the free market is based. Quote Link to comment Share on other sites More sharing options...
Deano Posted October 15, 2016 Report Share Posted October 15, 2016 (edited) And as I have offered (twice) as soon as someone justifies this "they bring a lot of money through tourism" BS with substantial evidence to prove their case then, rest assured, your wait will be over. Ok. They are worth £44bn to UK PLC of which annually approx £26bn goes into the UK's GDP. £18.1bn of tangable assets. £34bn of tourism, merchandise, Royal warrants etc. -£7.6bn cost ie civil list, maintenance, security, cost to councils, https://fullfact.org/sites/fullfact.org/files/3_2.jpg https://fullfact.org/sites/fullfact.org/files/2_5.jpg Edit: I found Royalist and Republican sites invariably different, this site seemed the most balanced. Full report https://fullfact.org/news/royal-family-are-we-getting-our-moneys-worth/ Edited October 15, 2016 by Deano Quote Link to comment Share on other sites More sharing options...
waiheke1 Posted October 16, 2016 Report Share Posted October 16, 2016 Deano reading that report seems the 26bn is not an annual value, but npv of the long term income generated. Nonetheless that us a significant positive contribution Quote Link to comment Share on other sites More sharing options...
Deano Posted October 16, 2016 Report Share Posted October 16, 2016 Deano reading that report seems the 26bn is not an annual value, but npv of the long term income generated. Nonetheless that us a significant positive contribution Thanks, I'm not a financial wizard myself. The numbers also looked bigger than I expected, so it would make sense. I think that they are worth having and in these times of politicians not really understanding their electorate, it makes me wonder if an elected head of state would be any better or even the right thing. Just think if it was Tony Blair or some other past Prime Minister... 1 Quote Link to comment Share on other sites More sharing options...
BluPanther Posted October 16, 2016 Report Share Posted October 16, 2016 What's all this got to do with The Collapse Of The Pound And The Effect On The El Answers on a postcard to................... Quote Link to comment Share on other sites More sharing options...
TonyE Posted October 16, 2016 Report Share Posted October 16, 2016 Not a lot but interesting nevertheless! Quote Link to comment Share on other sites More sharing options...
Nobblytriers Posted October 16, 2016 Report Share Posted October 16, 2016 Hi all, I've not read all of this thread so apologies if this stuff has already been covered. If the Remainers here are worried about the fall of the pound due to Brexit, maybe this link here will go some way towards showing you that's not necessarily true ... http://www.dailymail.co.uk/debate/article-3840202/PETER-HITCHENS-falling-pound-freedom.html To take this a bit further, the link below shows a graph of the pounds performance since the early 1900's http://www.miketodd.net/encyc/dollhist.htm The graph shows the instability of the pound since the early 70's, funnily enough, the same time as the UK went into the EEC. It looks like a seismograph printout. There's some interesting reading in the four pages of the article. Quote Link to comment Share on other sites More sharing options...
orion Posted October 16, 2016 Report Share Posted October 16, 2016 Hi all, I've not read all of this thread so apologies if this stuff has already been covered. If the Remainers here are worried about the fall of the pound due to Brexit, maybe this link here will go some way towards showing you that's not necessarily true ... http://www.dailymail.co.uk/debate/article-3840202/PETER-HITCHENS-falling-pound-freedom.html A link to the Daily Mail about the truth ....my irony meter has hit the roof 6 Quote Link to comment Share on other sites More sharing options...
E I Addio Posted October 17, 2016 Report Share Posted October 17, 2016 (edited) A link to the Daily Mail about the truth ....my irony meter has hit the roof Are you saying it is untrue that the country has massive state and personal debts and a disastrous balance of payments ? Are you saying it is untrue that Osborne pumped over £400 billion of funny money into the economy ? Edited October 17, 2016 by E I Addio Quote Link to comment Share on other sites More sharing options...
arnieg Posted October 17, 2016 Report Share Posted October 17, 2016 Are you saying it is untrue that Osborne pumped over £400 billion of funny money into the economy ? Monetary policy is not the responsibility of the Chancellor, it rests with the BoE's Monetary Policy Committee. http://www.bankofengland.co.uk/monetarypolicy/Pages/qe/qe_faqs.aspx 3 Quote Link to comment Share on other sites More sharing options...
orion Posted October 17, 2016 Report Share Posted October 17, 2016 Are you saying it is untrue that the country has massive state and personal debts and a disastrous balance of payments ? Are you saying it is untrue that Osborne pumped over £400 billion of funny money into the economy ? Anything with the Daily mail tends to be untrue ..thou the saps still take it in.. not read the link myself but by the looks of the post by arnieg it looks like he already found a lie about it already ...not really a shock Quote Link to comment Share on other sites More sharing options...
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