Ya see, there yer go again, don't recall writing that I don't like the current interest rates, more bluster. Read the comments and answer accordingly, instead of asking questions. The whole point of my original post is that the Eurozone is ill equipped to deal with the impending downturn. That's why I asked/wondered what Lagarde's course of action will be. Very difficult I'd say with a one size fits all rate, you know it ain't gonna work, but you seem blind to the obvious.
The irony is that with the Eurozone on the brink of recession the present BOE governor Carney could if moved to the IMF call on the UK to bail em out again. You'll never admit to the frailties of the Eurozone set-up so this debate is pointless. As nobody has been abusive I can see you are finding it difficult to filter anybody, so from myself I'll end this now............. unless you post something else outrageous. Have a good evening.
Crowcast l wrote about what Lagarde is gonna do. "Carry on with liquidity injections and negative rates stagnating the economy or back to normal monetary policy and end the current artificial low rates." Your reply was typical, a load of bluster about interest rates not only in Europe but US and world wide. You then concluded by asking me what I would do. I'm not in charge of the ECB, she is going to be in charge of European rates, not US not Japanese not even the Swedish rate who set their own. Although they are obligated to join the Eurozone when they meet the necessary conditions, but as you know they're in no hurry with that one lol, wonder why. All of your reply has absolutely nothing to do with my statement about Christine Lagarde. Also don't recall mentioning tariffs which was more diversion to admit that Europe is woefully ill equipped to deal with the forthcoming downturn. More so than other global area's as their interest rates now are ZERO, and their banks haven't even recovered since 2008. Instead of asking me, seems you have all the answers, so over to you. Please read the posts and reply accordingly that is if want to reply, it would help greatly for all concerned.
OK, what's Lagarde gonna do? Carry on with liquidity injections and negative rates stagnating the economy or back to normal monetary policy and end the current artificial low rates. She won't do 'whatever it takes' she will do as she is told by her European masters.
OBR has reported that the public finances COULD be worse off to the tune of £30 billion in the event of a no deal. No mention of the savings then, more project fear. Also I wonder what the hit will be if Corbyn got elected.
When the government actually start to "prioritise" and anything meaningful is discussed between the various agencies. You can be sure that the SP will start to move in the relevant direction, depending which way the discussion is heading. There will be a leak and we will be the last to hear about it.
I wrote this a couple of weeks ago I see nothing has changed BoomerBower, there aren't many on here who have not been filtered by Crowcast. I don't know if he actually filters anyone, if he does he forgets, but it's his way of ending the debate. you know how he likes to have the last word lol.
Just replying to your post CC as I always do until you decide that the discussion is finished. As you know it usually ends with you filtering peeps who you don't agree with or have lost the debate.
RE: New Zealand have their own FDA's16 Jul 2019 18:06
Precisely Mick, but it used to be 30%. Before the UK joined the EEC in January 1973, it was the destination for 30% of New Zealand exports, amounting to 8% of the country's economic activity or GDP. But from that point, New Zealand exporters faced the EEC's common external tariff. You see it's the protectionist EU with their external tariff that buggered it. But the farmers adapted. When we break free from the EU's shackles, all will be fine. Klefitko anyone!
RE: New Zealand have their own FDA's16 Jul 2019 17:11
I still get New Zealand lamb if I want it, where does that come from, oh yeah New Zealand lol. I only mention New Zealand because we sort of dumped them when we joined the EU, they were very fearful but talk to them now and it was a lot of fuss about nothing. Just like we're going through now with Brexit. You adapt or die.
40 % of the EU budget is set aside for farmers, the majority of which goes to the richest farmers with the largest farms. Wouldn't you rear up if there's a chance that all these payments could cease, and the rich have the louder voices. Agriculture in the EU only accounts for 1% of GDP, explain that? The CAP is the biggest misuse of tax payers money and we are charged more than 15% higher food prices than the rest of the world for the privilege. It's a rip off and you're trying to defend it Crowcast. Have a look at how New Zealand's farmers coped when we left them on their own after we joined the EU. Nobody likes change least of all the farmers with their cosy set up, they will have to adapt but they don't want to.