Whither the euro?

[Carolinian Super Moderator Find all posts View Profile Close Carolinian]

Would you purchase euros now for a trip to Italy for 2012 ?

No, I would get them, or whatever currency Italy may be using by then, from an ATM machine when I got there.

People where I work are dumping euros left and right. The dollar, the Swiss franc, the British pound, and if you can find them Norwegian, Danish, or Swedish kronor seem to be the currencies of choice. The exchange markups these days on buying pounds or Swiss francs is higher than I have ever seen it here, and is higher than usual for buying dollars.

If the euro does actually break up, and I saw an analyst on the BBC a few days ago say that the chances of that before the end of the year were now 50 /50. then it will really be chaotic as few if any of the euro using countries stored their withdrawn national currencies, so those would have to be reprinted, which could take months. An example might be the breakup of the Austro-Hungarian Empire into three components and major parts of two others. Their kronen banknotes were overprinted in the various jurisdictions spinning off for use as temporary local currency until new currency could be printed.

[Ryne08 Senior Member Find all posts View Profile Close Ryne08]

Thanks for information.

[Carolinian Super Moderator Find all posts View Profile Close Carolinian]

EU Trying to Borrow Its Way Out of Debt | InvestorPlace

[Ryne08 Senior Member Find all posts View Profile Close Ryne08]

Carolinian, this is a question not on the euros.

How would someone pack for a two week land visit to Italy, Egypt and Israel in the month of November.

Should a man/woman pack mostly long sleeves shirts or short sleeves shirts;
short pants/capris shorts for females or long pants ?

Will the temperatures be warm, hot, mild or cold ?

Any information would be helpful.

[bigfrank Administrator Find all posts View Profile Close bigfrank]

Carolinian, this is a question not on the euros.

How would someone pack for a two week land visit to Italy, Egypt and Israel in the month of November.

Should a man/woman pack mostly long sleeves shirts or short sleeves shirts;
short pants/capris shorts for females or long pants ?

Will the temperatures be warm, hot, mild or cold ?

Any information would be helpful.

Can you please post your question on the Europe forum so it may help otheres. This is an opt in forum and not many members want to opt into this political forum.

[Carolinian Super Moderator Find all posts View Profile Close Carolinian]

Euro Impaired as Draghi Undoing Trichet Rates Cuts Support - Bloomberg

[Carolinian Super Moderator Find all posts View Profile Close Carolinian]

The man who predicted the European debt crisis - The Washington Post

[Carolinian Super Moderator Find all posts View Profile Close Carolinian]

Euro in a tailspin: Rescue deal for single currency under threat as markets take a fright | Mail Online

[Carolinian Super Moderator Find all posts View Profile Close Carolinian]

Euro falls as dollar gains ground - Dec. 14, 2011

[Carolinian Super Moderator Find all posts View Profile Close Carolinian]

Debt crisis: Brussels accord on the verge of collapse - Telegraph

[ArtsieAng Super Moderator Find all posts View Profile Close ArtsieAng]

Not looking good for the euro.

Debt crisis: Brussels accord on the verge of collapse - Telegraph

[Jya-Ning Silver Contributor Find all posts View Profile Close Jya-Ning]

From the link

However, markets took comfort from a successful Spanish bond auction and better-than-expected economic data. The Stoxx Europe 600 index and the German Dax both gained 1pc, while the French CAC rose 0.8pc. In London the FTSE closed up 0.6pc. Madrid sold €6bn (£5bn) of debt at an average yield of 4.02pc, lower than the 5.276pc of two weeks ago.

Believe neither countries uses Euro. So they really has little reason to not fall on killing their own money if things turn worse. And it is just a choice between select job growth or reduce debt and balance one's own book. Since they are not in Euro, so the choice should be easier, although it does not mean it will be the best in the long run.

Credit agent also down grade few US big banks. Don't know if it going to have same effect as SP down grade US. But the most important indicator probably is how easy these countries and/or banks can sell their bonds.

Jya-Ning

[Jya-Ning Silver Contributor Find all posts View Profile Close Jya-Ning]

I believe this thread is under European and UK timeshares. Not political one. Sorry if my comment on the euro mislead you.

Jya-Ning

[Jya-Ning Silver Contributor Find all posts View Profile Close Jya-Ning]

Carolinian, this is a question not on the euros.

How would someone pack for a two week land visit to Italy, Egypt and Israel in the month of November.

Should a man/woman pack mostly long sleeves shirts or short sleeves shirts;
short pants/capris shorts for females or long pants ?

Will the temperatures be warm, hot, mild or cold ?

Any information would be helpful.

Can you please post your question on the Europe forum so it may help otheres. This is an opt in forum and not many members want to opt into this political forum.

This is the European forum. But it probably should be in seperate thread. I was wondering about that (what kind of cloth to bring around middle east and south euro during Nov timeframe.

Jya-Ning

[ArtsieAng Super Moderator Find all posts View Profile Close ArtsieAng]

I believe this thread is under European and UK timeshares. Not political one. Sorry if my comment on the euro mislead you.

Jya-Ning

Sorry, I didn't even realize this was not the political forum. I deleted my post.