From: William Black on

"Frank F. Matthews" <frankfmatthews(a)houston.rr.com> wrote in message
news:465afefc$0$3230$4c368faf(a)roadrunner.com...
>
>
> William Black wrote:
>
>> "Mister Bartlett" <me2(a)privacy.net> wrote in message
>> news:1hytdjx.8u84u12mnmkaN%me2(a)privacy.net...
>>
>>>William Black <william.black(a)hotmail.co.uk> wrote:
>>>
>>
>>
>>>>>Yep - fear of being taxed in the UK to pay for financial mismanagement
>>>>>in, say, Greece.
>>>>
>>>>I'm afraid you're going to have to explain how a common currency will
>>>>cause
>>>>that.
>>>
>>>Because a UK Chancellor can no longer manipulate the UK economy by
>>>changing interest rates, the impact of (say) inflationary action in
>>>(say) Greece is felt directly in the UK where it can only be controlled
>>>by taxation. At present there are 2 levers on the UK economy. In
>>>Euroland there is only one.
>>
>>
>> And in what way, for example, is that making any continental country
>> worse off than the UK?
>>
>
> The usual situation is high interest rates because the over all euro
> economy is heating up when the local economy needs a boost.
>
I don't see a down-side here for me.

--
William Black


I've seen things you people wouldn't believe.
Barbeques on fire by the chalets past the castle headland
I watched the gift shops glitter in the darkness off the Newborough gate
All these moments will be lost in time, like icecream on the beach
Time for tea.




From: Geen Uitzending on
On 28 May, 22:05, m...(a)privacy.net (Mister Bartlett) wrote:
> William Black <william.bl...(a)hotmail.co.uk> wrote:
> > "Frank F. Matthews" <frankfmatth...(a)houston.rr.com> wrote in message
> >news:465afefc$0$3230$4c368faf(a)roadrunner.com...
>
> > > William Black wrote:
>
> > >> "Mister Bartlett" <m...(a)privacy.net> wrote in message
> > >>news:1hytdjx.8u84u12mnmkaN%me2(a)privacy.net...
>
> > >>>William Black <william.bl...(a)hotmail.co.uk> wrote:
>
> > >>>>>Yep - fear of being taxed in the UK to pay for financial mismanagement
> > >>>>>in, say, Greece.
>
> > >>>>I'm afraid you're going to have to explain how a common currency will
> > >>>>cause
> > >>>>that.
>
> > >>>Because a UK Chancellor can no longer manipulate the UK economy by
> > >>>changing interest rates, the impact of (say) inflationary action in
> > >>>(say) Greece is felt directly in the UK where it can only be controlled
> > >>>by taxation. At present there are 2 levers on the UK economy. In
> > >>>Euroland there is only one.
>
> > >> And in what way, for example, is that making any continental country
> > >> worse off than the UK?
>
> > > The usual situation is high interest rates because the over all euro
> > > economy is heating up when the local economy needs a boost.
> > I don't see a down-side here for me.
>
> The downside is that you don't have a job, because the economy is being
> run to suit people elsewhere in the Euro-zone, and the UK govt is
> powerless to help you because it can't set interest rates.
>
> B;
>
> --
> Encrypted e-mail address. Click to mail me:
> <http://cerbermail.com/?nKYh3qN4YG>

the UK used to be cheaper than Belgium, but now its more expensive.

From: William Black on

"Mister Bartlett" <me2(a)privacy.net> wrote in message
news:1hyufxh.1gnnxop1vaxtg7N%me2(a)privacy.net...


> The downside is that you don't have a job,

I don't have a job anyway.

I made enough money to retire.

because the economy is being
> run to suit people elsewhere in the Euro-zone, and the UK govt is
> powerless to help you because it can't set interest rates.

As far as I'm concerned the higher the interest rates the better...

--
William Black


I've seen things you people wouldn't believe.
Barbeques on fire by the chalets past the castle headland
I watched the gift shops glitter in the darkness off the Newborough gate
All these moments will be lost in time, like icecream on the beach
Time for tea.




From: d4g4h4 on
William Black <william.black(a)hotmail.co.uk> wrote:

> "Mister Bartlett" <me2(a)privacy.net> wrote in message
> news:1hyufxh.1gnnxop1vaxtg7N%me2(a)privacy.net...
>
>
> > The downside is that you don't have a job,
>
> I don't have a job anyway.
>
> I made enough money to retire.

Which perhaps explains why you prefer to moan about the cost of getting
foreign currency rather than doing some simple research to cut the cost
of it.

--
(*) ... of the royal duchy of city south and deansgate
http://www.davidhorne.net - real address on website
"Abominable, loyal, blind, apparently subservient."
Pres. Carter on Pres. Blair- May, 2007
From: William Black on

"David Horne, _the_ chancellor (*)" <d4g4h4(a)yahoo.co.uk> wrote in message
news:1hyuf49.thv1491kgyf3lN%d4g4h4(a)yahoo.co.uk...
> William Black <william.black(a)hotmail.co.uk> wrote:
>
>> "Mister Bartlett" <me2(a)privacy.net> wrote in message
>> news:1hyufxh.1gnnxop1vaxtg7N%me2(a)privacy.net...
>>
>>
>> > The downside is that you don't have a job,
>>
>> I don't have a job anyway.
>>
>> I made enough money to retire.
>
> Which perhaps explains why you prefer to moan about the cost of getting
> foreign currency rather than doing some simple research to cut the cost
> of it.

Why bother when you'll do it for me?

It's what the net is for.


--
William Black


I've seen things you people wouldn't believe.
Barbeques on fire by the chalets past the castle headland
I watched the gift shops glitter in the darkness off the Newborough gate
All these moments will be lost in time, like icecream on the beach
Time for tea.