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Kudos for keeping vigil on the currency markets.
We are D E L I G H T E D with the recent action in the Euro/Dollar... we are leaving for Rome and Bucina (Tuscany) in a couple of weeks, and our hotel reservations are all payable at check-out!
Over the past few weeks we have gained about 8% more purchasing power with our dollars; we are hoping for a little more volatility over the next few weeks as we plan to make our physical currency exchange prior to the trip. It sucks that the stock market is in the tank, but those are "tomorrow" dollars... right now we will settle for maximizing the dollars we will be spending this month.
PS - our Italy adventure is NON TS. We are part of a co-op type of arrangement in Tuscany where some friends of ours rent an entire villa for two weeks and fill it reservations in their circle of friends. Doesn't $500 (US Dollars) per couple for a week sound like a bargain?
..and that was prior to the drop in the Euro because that part was payable in advance. We are so excited to be going back to Italy again!
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It is hard to find good value for currency exchange in the US. The best bet is using ATM's on arrival and using a debit card from someone like CapOne or a credit union that doesn't pop you for the extra fees that most big banks do.
Originally posted by singlemalt_18 View PostKudos for keeping vigil on the currency markets.
We are D E L I G H T E D with the recent action in the Euro/Dollar... we are leaving for Rome and Bucina (Tuscany) in a couple of weeks, and our hotel reservations are all payable at check-out!
Over the past few weeks we have gained about 8% more purchasing power with our dollars; we are hoping for a little more volatility over the next few weeks as we plan to make our physical currency exchange prior to the trip. It sucks that the stock market is in the tank, but those are "tomorrow" dollars... right now we will settle for maximizing the dollars we will be spending this month.
PS - our Italy adventure is NON TS. We are part of a co-op type of arrangement in Tuscany where some friends of ours rent an entire villa for two weeks and fill it reservations in their circle of friends. Doesn't $500 (US Dollars) per couple for a week sound like a bargain? ..and that was prior to the drop in the Euro because that part was payable in advance. We are so excited to be going back to Italy again!Comment
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This makes sense, Germany is what is keeping the Euro where it is at. You take away it's core and it will deflate the euro but not pop it. But yet your German currency will flourish. BTW I think this is my fourth post in this forumOriginally posted by Carolinian View PostTimeshareforums Shirts and Mugs on sale now! http://www.cafepress.com/ts4msComment
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Cypress is next.......Cyprus could ask for bailout within days
Eurozone member Cyprus has strongly hinted that it may have to apply for an international bailout before the end of this month, both for its banks and its general coffers.
"The issue is urgent. We know the recapitalisation of the [island's] banks must be completed by June 30, and there are a few days left," Finance Minister Vassos Shiarly told journalists.
Cyprus is under growing pressure to apply for aid to salvage its second-largest lender Cyprus Popular Bank, bowed by its exposure to debt-crippled Greece, ahead of a regulatory deadline of June 30.
It assumes the rotating EU presidency for six months the following day.
Responding to a question on whether any potential bid for aid would be focused on support for its banks, Shiarly said in his view it would be a comprehensive package, based on existing practice.
"When one applies to the support mechanism you take into account all the facts, including needs which may arise in coming periods. Consequently it would be a comprehensive request covering not only present circumstances and the recapitalisation of the banks but also future needs," he said.
The cash-strapped country, shut out of financial markets for a year and running deficits, will need the equivalent of 10pc of its gross domestic product just to prop up Popular, which is looking for an investor willing to fill a €1.8bn regulatory shortfall, or the government must come to its aid.
Shiarly said he could not say how much a potential aid request could total. Cyprus has just over €2bn in short-term debt maturing next year.
Timings wise, and because bailouts typically occur over weekends to minimise disruption to markets, Cyprus would in theory have a slot to make any application next weekend, when the focus will be on the Greek election on June 17, or the weekend of June 23-24.
Yet the island, representing 0.2pc of the eurozone's economy, has so far shown reluctance to take the plunge, spooked at the experience of Greece and worried that pressure could be applied to change its tax regime, which is one of the lowest in the EU.
As potential leverage, it is negotiating separately with a third country in the hope that it could secure better bailout terms from its EU partners.
That country has not been named, but it is widely thought to be China. Cyprus received a €2.5bn bilateral loan from Russia late last year, sidestepping its EU partners.
Earlier, Shiarly told lawmakers in Cyprus's parliament that he had anticipated some conclusion to discussions at the end of May, but that he now expected news "very soon".Angela
If you change the way you look at things, the things you look at change.
BTW, I'm still keeping track of how many times you annoy me.
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Lol....You're smart for not posting in the political forums.Originally posted by bigfrank View Post
Angela
If you change the way you look at things, the things you look at change.
BTW, I'm still keeping track of how many times you annoy me.
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Oh wait....I forgot this isn't the political forum. For some reason, I can't help thinking of this thread as political. Oh well.Originally posted by ArtsieAng View PostLol....You're smart for not posting in the political forums.
Angela
If you change the way you look at things, the things you look at change.
BTW, I'm still keeping track of how many times you annoy me.
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Originally posted by ArtsieAng View PostLol....You're smart for not posting in the political forums.Originally posted by bigfrank View PostOK it got me as well. I thought it was in the Political forumOriginally posted by ArtsieAng View PostOh wait....I forgot this isn't the political forum. For some reason, I can't help thinking of this thread as political. Oh well.Timeshareforums Shirts and Mugs on sale now! http://www.cafepress.com/ts4msComment
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Germany now export a lot of stuff and also set up a lot of factory in cheaper country so exiting the Euro would have huge implication in terms of trade.
uhmm seems the ones calling for Germany to step up and do whatever it takes seem to have a large banking sector with exposure to more speculative debts....Traveling Broadens the mind and I want to do more
French Quarter Fest in New Orleans is my favourite festivalComment
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