Member Info for TheFarEnd

The celebration of the Greek Revolution of 1821 takes place today, it's a public holiday.

I fear there is not a lot for them to celebrate.
They won't have true independence until they unshackle themselves from this experiment that is called the European Union.
Alas it will be years/decades before the EU will let them go, especially as member states have accumulated most of their valuable assets.

However it may be a lot shorter if, no not if, when this experiment disintegrates.

After QE we have the new kid on the block MMT being touted as the answer to weak growth and low inflation.
Another wheez, instead of purchasing public and private bonds this in effect is a Jeremy Corbyn type policy, printing money to spend directly on say infrastructure projects etc.
Alas this can't work in the Eurozone as the ECB prevents individual countries from printing their own money.
IMO In the long term this is worse than QE, but WTFDIK.

Bruce there's no denying the effect QE has had on the gilt market but final salary pension schemes were in decline long before QE started.
Just saying.

It's amazing how the remoaners have changed their tact. It used to be leaving the EU will never happen, now as realty sets in they are quoting no deal / hard Brexit will never happen.

Make your mind up you losers.

For the last two and a half years it's the moaners who have been dreaming, now as they realise they back the wrong side and their vote will never be upheld, one way or another the UK will be leaving, get used to it.

Tell you what, why not try joining the losers march you can all commiserate together PMSL.

I bear no malice, just face reality.

ps: you gotta laugh, we have as much influence as those poor deluded souls marching today ZILCH.

It's not a question of doing something different, and I never advocated an alternative.
We've had QE, that's us, the UK, some would say manageable, it might come back to bite us who knows, but it certainly done its job for the liquidity of the UK banks.
Why wouldn't UK banks take advantage of cheap money offered by the ECB? You say it as though we shouldn't have taken it.
My comment was directed at the eurozone and Dragi's tenure having 6 months to go.

As for Europe.
I posted this last January -
Now don't get me wrong but haven't we been here before?
This is how it started, a brief ECB history of the struggle since

2010 - SMP (Securities Markets Programme) Introduced to ease credit conditions, equal to 2.2% of the Eurozone GDP.

2011 - LTRO - (Long Term Refinancing Operation) At least two goes at this. First one 489b Euro then an extra 529b 3 months later.

2012 - OMT ( Outright Monetary Transactions) This was Draghi’s ‘’whatever it takes to save the Euro moment.

2014 - TLTRO (Targeted Long Term.. ) This time the ECB declined to say how much debt it will purchase. I guess they were running out of acronyms, lol.

Then we had another ‘Big Bazooka’ QE that went on for a bit, just winding up now, but it appears its now restating the 2014 programme TLTRO.
Like I said haven't we been here before.

And so it goes on, the fragmented eurozone were IMO too slow to act after 2007/08. The UK started QE during 2009 the eurozone didn't start until 2015, It was a half hearted affair beforehand. But the key word here is fragmented, It might be one currency but it ain't one country, and therein lies the problem.
It may have increased the banks financial wellbeing but it hasn't increased lending. If it don't work its way through the banking system into the wider economy then quite simply it ain't working.
Just one look at some European banks will tell you that it ain't working.
They have been preoccupied with boosting capital and the longer it goes on the less effect it has. Any talk of stopping QE in Europe has the effect of making the crisis worse. Now what happens is anyone's guess (Wids has a few ideas).

Just more reasons to leave this failing experiment.
Crowcast, you would obviously be happy for the UK to be a north western province of a federal US of Europe. It may cure their woes, but personally I don't want to be part of it, and neither do the majority who voted in the referendum.

I'll answer tomorrow CC just lost my reply, cant be arsed this time of the night, bloody tablet.

Thought I'd posted that hours ago, this site has been down all night.

Yes that bazooka has been going on for a few years now, he ain't bothered, what's he got left another 6 months, then it's someone else's problem.

“Within our mandate, the ECB is ready to do whatever it takes to preserve the euro. And believe me, it will be enough.”
MARIO DRAGHI JULY 26TH 2012

He’s not Super Mario. He’s just another in a long line of clueless shysters who have reached the end of their scam.
(Taken from an earlier link provided by Wids, very appropriate)

I warned peeps last year about debating Brexit on here last year, and how it can quickly get out of hand with the country so divided. You only have to visit the Lloyds BB to see that.

The majority of posters on here are very familiar with each other after all this time and quite small in numbers. It would be a pity if Brexit swamped news flow now we are hopefully so near to the decision we have been waiting for.

FYI pastyc, just to clarify that garbage you talk about.

The path to stopping Brexit is fraught with legal uncertainty and political controversy. Although it’s possible, it remains a highly uncertain prospect.
May’s deal could pass, perhaps in a third vote if it gets the chance.

No deal still remains the default outcome, and so cannot be ruled out. Crucially, the UK will automatically leave the EU on March 29, 2019, with or without a deal, unless Article 50 is extended or revoked.

Amid the uncertainty, what’s clear is that stopping Brexit requires a majority in parliament to change the law, force a second referendum or general election, and revoke Article 50. It also requires a cooperative and patient EU, to allow for an extension of Article 50. Finally, it requires a willing public, which is probably the biggest obstacle on the tumultuous path to stopping Brexit.

With more remoaners appearing on here (even mick-b is back.....hi mick) and just when they thought remain was going to pluck victory from the 17.4 million the speaker put a spanner in the works.
The HOC is frantically looking for away round this impasse, I expect they will find one.

Meanwhile is the extension in jeopardy?
Maybe Italy will veto it anyway.
You know what that means.

Either way we are leaving the EU, better get use to it.
FTSE up nearly 1%, the market knows.

No meaningful vote, Berko put the mokkers on it.
Is Mays deal finished?

Remain going well lads, more popcorn.

Nah, harvesting leeks is too much like hard work. Got some time off until the asparagus season starts, they're a lot easier Suzy.

85p will do for me maddog, but there's some way to go yet, bit like BEM I fear.

If you want a Brexit debate may I suggest the lloyd's BB, I even saw Eric on there last week.

Anyway Suzy, I thought you were going to 'rest your case.'

Now I know why you have been labelled remoaners.
Good entertaining evening, laugh a minute.

I wouldn't be crowing about Juncker's political past CC, you know full well it was mired in controversy from start to finish, which at the end he had to resign pretty quick to avoid litigation.

Before you argue with someone, ask yourself, is that person even mentally mature enough to grasp the concept of a different perspective.
Because if not, there's absolutely no point.
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You know who you are! Just saying. :-))

Time to make yer mind up.

The European Union will tell the U.K. that if it wants the option of delaying Brexit for more than three months it must hold European Parliament elections, or risk a perilous new cliff-edge in July.
If the U.K. requests an extension of the exit deadline beyond June 30, it’s obligatory that it carries out European elections.

So we will know in advance, just watch all the remoaners clamouring for EU elections and a long extension, this should sort it. Subject to an extension being granted of course.

Just thought I'd say I'm still up LTI :-))
Having a laugh watching 'this week,' that Dominic Grieve is a slippery git, our Nigel is busy over in Brussels trying to whip up a few vetoes, good luck with that one.

Yes it doesn't appear anyone is in control, it's a good job the law is in place to make it happen.