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Eurozone in recession as U.K. recovers.


Keith-M

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BBC News - Eurozone falls back into recession

Make no mistake, the U.K. has a long way to go to make up for the years of Labour mismanagement, but right now they are the shining light in Europe, while the Eurozone continues to drag most of mainland Europe (and Ireland) down. Should we now be looking to ditch the Euro and reestablish the sterling link?
 

Mossy Heneberry

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China's not in recession. Maybe we should ditch the Euro and adopt the Renminbi...
They will be shortly. Their crash will be spectacular.There are something like 64million properties that remain unsold just for a start.
 

PO'Neill

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BBC News - Eurozone falls back into recession

Make no mistake, the U.K. has a long way to go to make up for the years of Labour mismanagement, but right now they are the shining light in Europe, while the Eurozone continues to drag most of mainland Europe (and Ireland) down. Should we now be looking to ditch the Euro and reestablish the sterling link?
Keith-M living in his unionist bubble as always. The UK is far from been the shining light in Europe matey - " UniCredit has alerted investors in a client note that Britain is at serious risk of a bond market and sterling debacle and faces even more intractable budget woes than Greece "

Europe's banks brace for UK debt crisis - Telegraph
 

thegregster

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Keith-M living in his unionist bubble as always. The UK is far from been the shining light in Europe matey - " UniCredit has alerted investors in a client note that Britain is at serious risk of a bond market and sterling debacle and faces even more intractable budget woes than Greece "

Europe's banks brace for UK debt crisis - Telegraph
What a clown you really are. That article is two and a half years old. I think you will find that the UK hasnt been half as bad as the EU since then.

Another example of your cutting edge economic ability.

From the link:

Yields on 10-year gilts have already crept up to 4.14pc, compared to 3.94pc for Italian bonds, 3.48pc for French bonds, and 3.19pc for German Bunds, though part of this reflects worries about higher inflation in Britain.
Please tell us what the figures are today the way we can have a good laugh at your economic illiteracy. Did you miss what has been happening in the last two years in Europe?

:lol: :lol::lol:
 

Garza

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BBC News - Eurozone falls back into recession

Make no mistake, the U.K. has a long way to go to make up for the years of Labour mismanagement, but right now they are the shining light in Europe, while the Eurozone continues to drag most of mainland Europe (and Ireland) down. Should we now be looking to ditch the Euro and reestablish the sterling link?
Says alot about the state of Europe when we in the UK (we are just keeping our heads above water) are considered the shining light of Europe.

The EZ better not drag us down into recession again I swear!
 

Mackers

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Did this report come on the same news that stated that unemployment had fallen but more people were signing on? Damn lies and statistics where are you?:cry:
 

thegregster

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BBC News - Eurozone falls back into recession

Make no mistake, the U.K. has a long way to go to make up for the years of Labour mismanagement, but right now they are the shining light in Europe, while the Eurozone continues to drag most of mainland Europe (and Ireland) down. Should we now be looking to ditch the Euro and reestablish the sterling link?
They are not the "shinning light in Europe" . Plenty of EU countries are doing better-even some Eurozone ones. The UK is ahead of the likes of Greece,Spain,Italy,Ireland,France.

Countries like Germany, Belgium ,Denmark,Holland, Luxembourg, are doing much better.

The UK is far from the mess but its not a shining light. Its somewhere in the middle.
 

TheWexfordInn

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They are not the "shinning light in Europe" . Plenty of EU countries are doing better-even some Eurozone ones. The UK is ahead of the likes of Greece,Spain,Italy,Ireland,France.

Countries like Germany, Belgium ,Denmark, Holland, Luxembourg, are doing much better.

The UK is far from the mess but its not a shining light. Its somewhere in the middle.
Eh? In the Returns report of today's figures Netherlands and Belgium don't look that healthy
* France, Germany rise 0.2 but Netherlands, Spain, Italy fall

* Belgium stagnates, Austria also contracts
They dont mention Denmark in that article but Bloomberg had an article on Denmark 3 days ago
Denmark’s gross domestic product contracted 0.4 percent in the second quarter from the first, the statistics agency estimates. According to the Confederation of Danish Industry, the nation is probably in the grip of its second recession in less than a year.
 

PO'Neill

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What a clown you really are. That article is two and a half years old. I think you will find that the UK hasnt been half as bad as the EU since then.

Another example of your cutting edge economic ability.

From the link:



Please tell us what the figures are today the way we can have a good laugh at your economic illiteracy. Did you miss what has been happening in the last two years in Europe?

:lol: :lol::lol:
Ok, I didn't bother reading the date of the article as I was in a rush. Anyway, Cruimh, terrible events since we last bitched, that poor prison officer in Lisburn :)
 

thegregster

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Ok, I didn't bother reading the date of the article as I was in a rush. Anyway, Cruimh, terrible events since we last bitched, that poor prison officer in Lisburn :)
No its because you are clueless. You are economically illiterate if you couldnt clearly see that the issues raised in the piece were completely outdated.

So you support dissidents now?

I though PSF/PIRA give that all up when you handed over your weapons at the behest of the British governments,Ulster unionists,SDLP and Irish governments.

Even Deputy First Minister Martin McGuinness has unreservedly condemned the murder of prison officer David Black, saying; "I want to make it absolutely clear that there was no point whatsoever served by this killing. What they can't kill is the peace process and we are the proof of that."
 
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thegregster

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Eh? In the Returns report of today's figures Netherlands and Belgium don't look that healthy

They dont mention Denmark in that article but Bloomberg had an article on Denmark 3 days ago
Growth isnt the only measure. Their rates of unemployment are much less than the UK.
 

blokesbloke

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The UK isn't really doing any better than the eurozone - unemployment might be a bit better but inflation is going up.

The truth is the whole of the EU is pretty much in a mess and I can't see it getting better any time soon.
 

Howya

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So the UK had a decent 3rd quarter and you think they are the shining light in Europe? (and a lot of commentary has put the 3rd quarter bounce down to the Olympic affect).

The only thing the UK has to get out of the mess is its own currency and its own central bank that can print money.
 

TheWexfordInn

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The only thing the UK has to get out of the mess is its own currency and its own central bank that can print money.
Precisely so, and this just goes to prove how right all the people campaigning against the UK joining the Euro were.
 

seabhcan

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Should we now be looking to ditch the Euro and reestablish the sterling link?
Sterling crisis looms as UK current account deficit balloons - Telegraph

Almost unbelievably, Britain has not enjoyed a trade surplus in goods since 1981, or more than 30 years ago.

What’s more, it is happening at a time when current account deficits in the eurozone periphery are fast correcting. In the second quarter of last year, Britain recorded a higher current account deficit than Spain, Italy, Portugal and even Greece, according to comparative data from Eurostat. Austerity-engulfed Ireland, meanwhile, achieved a surplus of an impressive 7.8pc.
 

TheWexfordInn

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Then again maybe the UK isnt is as bad shape as that article suggests, heres another article published today with a rather more positive view. Guess papers have to produce articles each day with something in them, its up to the reader to decide which articles to take notice of.

Business leaders went some way to allay fears of a triple-dip recession today after a survey revealed firms have grown more optimistic over Britain’s economic outlook.

The poll of business leaders in the British Chambers of Commerce’s (BCC) quarterly survey also pointed to stronger output from the manufacturing and service sectors in the final quarter of 2012.

BCC chief economist David Kern said fears the economy had contracted in the fourth quarter were not supported by the survey, which showed business confidence rose significantly in this period.
Outlook for the economy may not be so bad after all: business optimism grows and retailers boosted by bumper online sales | This is Money
 
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