General forum: The euro is falling...

14 replies. Last post: 2012-07-14
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The euro is falling... 2012-05-25 unique now seems a good time to purchase a membership :) 2012-05-26 MRFvR BWAHAHAHAHAHA 2012-05-26 Ingo Althofer Hi unique, > now seems a good time to purchase a membership :) saw that you are playing on 38 correspondence chess sites. Did you always choose “cheap currency” moments when becoming member on such a site? If so, what can you tell newbies about best currency entering strategies? Cheers, Ingo. 2012-05-26 MRFvR > saw that you are playing on 38 correspondence chess sites. That’s far from unique... 8-) 2012-05-26 unique I’m down to 33 now. Actually I have not used the “cheap currency” method myself...yet. Generally the strategy is to get in before the currency starts rising. Of course this presumes the euro doesn’t dissolve altogether. 2012-07-12 unique The euro is below $1.22 Hurry before it hits a trampoline! 2012-07-13 Hjallti The euro won’t dissolve I only didn’t grasp yet why Germany wants the euro to be low. They have the key to restore it and are not using it.... that should have a reason to do so. 2012-07-13 MarleysGhost ★ While a low Euro (if $1.22 is low; in 2004 it was $0.77.) makes LG memberships cheaper for those of us on the dollar, it doesn’t help all the LG players whose currency is the Euro. 2012-07-13 unique $0.77 HOLY CARP! 2012-07-13 Dustin Barring total collapse, a weak euro benefits Germany: they can borrow money for free (they are even getting NEGATIVE interest rates) and it boosts exports – a huge portion of their economy. Paying off the other countries' debts would be shooting themselves in the foot twice. Once for the money they give away and once for the hit to their own economy that would follow. 2012-07-13 Dvd Avins Other countries' debts = German banks, more or less. They take a hit either way. 2012-07-14 YHW Give us that profit ! I think we’ll need a lot of money in future – our 80 billion euro safety for greece (or other euro-states) are definitely away. That’s much more than we safe at the moment. It’s paid by everyone in Germany, paid by all the people who had to accept hard social cuts in the last 8 years to be more competitive on the worlwide market – and it worked. But now, It’s hard to understand why we should pay for others, after these hard cuts, for countries that are not willing to reform their social systems, but OK, we still do so, but I’m wondering why (e.g.) France wants to send their people 2 years later to retirement now what corresponds to a pension increase – France is similar bankrupt like we are, is that a joke? We are all close to a K.O., it’s only a question of time that Moody’s will also decrease our rating. The EURO will live as long as one country can still guarantee for it. If we are the last country, we will get the highest bill at the end... I wish we would have such an influence on the Euro as you think. Our chief of the german national bank was not accepted as president of the central european bank. They are now driving their own way for one year,..but what should they do? The chinese are keeping their currency very low, america is printing money to keep the dollar low to be more competitive and to decrease their debts in China. Would the EURO rise or be constant, we would have much more problems in europe, Germany is not the only exporting country and I wonder which EURO-state is interested in a strong EURO at the moment? 2012-07-14 ypercube "It’s paid by everyone in Germany, paid by all the people who had to accept hard social cuts in the last 8 years to be more competitive on the worlwide market – and it worked." It also worked because the weak south economies, like Portugal and Greece were allowed to enter the Euro zone in the first plcae – by Germany and the other countries with strong economies – and were allowed (and encouraged) to borrow too much cash, which they were spending, buying German cars, machinery and submarines among other things. 2012-07-14 YHW Greece and Portugal are two different stories. Greece tricked all others before they got the euro, The people in Europe were buying german products also before the euro came – except of the fact, like you said, that the states with a weaker economics got suddenly so cheap money like never before. But the chinese and the american industry got also their profits from that. And now, it looks so that the other euro states have to pay their own products which the greek people have purchased in the last 10 years as well as the products from non-euro states. That’s really crazy!

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