Calis Beach and Fethiye Turkey Discussion Forum

General Topics => All things that have nothing to do with Turkey => Topic started by: Highlander on January 14, 2012, 10:44:30 AM

Title: The Euro
Post by: Highlander on January 14, 2012, 10:44:30 AM

(http://i137.photobucket.com/albums/q214/highlander_010/photo1.png)

Title: The Euro
Post by: scot on January 14, 2012, 15:47:48 PM

Very good

Title: The Euro
Post by: Highlander on January 14, 2012, 17:40:54 PM

Yes - I thought it a very clever merge of two topical news stories :)

Title: The Euro
Post by: KKOB on January 14, 2012, 18:23:19 PM

Who rates Standard & Poors ?

Title: The Euro
Post by: Highlander on January 14, 2012, 18:29:35 PM

I don't understand it KKOB the power these people is astonishing. They seem to be able to influence monetary ploicy in a country more than the elected government of that country.

Title: The Euro
Post by: Ovacikpeedoff on January 14, 2012, 19:15:13 PM

The rating agents must take a fair share of the blame for the financialmess that the world is in. Investmentsmade by banks are done on the basis of ratings provided by these agencies. The same agents that were giving American sub prime lending a AAA rating.

From personal exerience of dealing with these agencies it did not take much to get a AAA rating.

Title: The Euro
Post by: FrankStanley on January 14, 2012, 21:10:39 PM

are they taking the p..s?

Title: The Euro
Post by: kenkay on January 14, 2012, 23:37:36 PM

The Frogs and the Krauts then tell the rating agents that they should look at the UK [:(!] W*****S [:(!]

Title: The Euro
Post by: Ovacikpeedoff on January 15, 2012, 09:17:14 AM

The UK should not get too smug. If the Eurozone problems were to continue or even get worse the UK will almost certainly be downgraded as well. There is this impression that because we are not in the Euro that we are somehow exempt from the impact of the problems. We operate in a global market and whatever impacts on the largest trading block will also have a major impact on the UK.

By the end of this year unemployment could be in excess of 3 million people. If the Euro was to fail this figure would increase significantly more.  Rather than silly stupid point scoring countries should be working together to resolve this problem as quickly as possible.

Title: The Euro
Post by: peter16 on January 15, 2012, 09:50:15 AM

Unfortunately OPD, people are operating/governing on the lines of political dogma and cheap points scoring:( sooner than what's good for the people of the country[:(!].

Title: The Euro
Post by: GordonA on January 15, 2012, 14:14:12 PM

There is probably one of the "Monopolies Commissions" involved somewhere, Oh, sorry, I forgot, the Monopolies Commission has a Monopoly on Monopolies Commissions, hasn't it ?? Or is it just all a game ??  ;): :)