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Euro Prediction Thread

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because whats keeping central london prices high is rich investors are using it as a hedge. if the euro breaks up london will most likely see a rise in prices as even more rich investors use it as a safe haven for their wealth. What will happen then is once the other euro nations currencies have been greatly devalued there will be nothing to keep the money in london and it will be re-invested in a land grab elsewhere in the EU for greater longterm gains.

really rich are still coming
http://www.guardian.co.uk/uk/2012/jun/10/concierge-services-boom-super-rich-london

by living here doesn't stop them investing elsewhere too when there's blood in the streets and prices as low as can be as that's what 'they' do

many reasons why rich come here
for the uber rich it's to stay alive in some cases and to raise their profile so they can't be just popped off
it's often why the rich russians come here
like abramovich etc

england is very safe if you're rich
not too safe for the poor
if you live on the worst estates in nottingham or south london or wherever then things are bleak
 

Not a done deal yet, by any means...

11.25am: More retractions on the use of bailout funds to buy up bonds, reported in the Guardian, FT, Telegraph and many more.

The European Commission has said there has been no formal request to relieve tension in the bond markets using bailout funds. It also came up with the rather nice metaphor that such a mechanism would only be 'financial paracetamol'.

http://www.guardian.co.uk/business/2012/jun/20/eurozone-crisis-live-g20-bid-to-cut-borrowing-costs
 
Well we'll see what happens here in Greece now, they have a new parliament. Thank god the new democracy were the majority, I was worried in case any of those right wing nutbars got in.

They just showed some farmers here handing out boxes of food they'd grown to try and help folk, yet this coming month Greece has to cut another 11bn Euros from the budget.

Anyway I'm thinking of writing to Merkel and applying for a bailout myself. Everyone else is getting them, and my national debt is higher than my GDP, and the banks are losing confidence in me.
 
Anyway I'm thinking of writing to Merkel and applying for a bailout myself. Everyone else is getting them, and my national debt is higher than my GDP, and the banks are losing confidence in me.

Was about to LOL at this but wasn't sure if youre being srs.
 
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