Euro Futures Quotes

Every culture has a myth of decline from some golden age, and almost all peoples throughout history have been pessimists. Even today pessimism still dominates huge parts of the world. An indefinite pessimist looks out onto a bleak future, but he has no idea what to do about it. This describes Europe since the early 1970s, when the continent succumbed to undirected bureaucratic drift. Today the whole Eurozone is in slow-motion crisis, and nobody is in charge. The European Central Bank doesn’t stand for anything but improvisation: the U.S. Treasury prints “In God We Trust” on the dollar; the ECB might as well print “Kick the Can Down the Road” on the euro. Europeans just react to events as they happen and hope things don’t get worse.

The euro was born with great hopes. Reality has proven otherwise.

It’s one thing when black people aren’t discussed in world history. Fortunately, teams of dedicated historians and culture advocates have chipped away at the propaganda often functioning as history for the world’s students to eradicate that glaring error. But when, even in the imaginary future—a space where the mind can stretch beyond the Milky Way to envision routine space travel, cuddly space animals, talking apes, and time machines—people can’t fathom a person of non-Euro descent a hundred years into the future, a cosmic foot has to be put down.

Most importantly, it became clear that the name “free trade agreement” was itself a matter of deceptive advertising: it was really a managed trade agreement, managed especially for special corporate interests, particularly in the United States.

As those, for instance, in Ireland celebrate the return to growth (in 2015 it was Europe’s fastest growing economy),1 they need to remember: every (or almost every) economy recovers from a downturn.

Europe’s reaction to the UK’s referendum was dominated by the same harsh response that greeted Greece’s June 2015 ballot-box rejection of its bailout package. Herman Van Rompuy, former European Council1 president, expressed a widespread feeling when he said that Cameron’s decision to hold a referendum “was the worst policy decision in decades.” In so saying, he revealed a deep antipathy toward democratic accountability.

What counts as money (and what doesn’t) is the result of choices we make, and those choices have a profound effect on who gets more stuff and who gets less, who gets to take risks when times are good, and who gets screwed when things go bad. Our choices about money gave us the world we live in now: the world where, when a pandemic hit in the spring of 2020, central banks could create trillions of dollars and euros and yen out of thin air in an effort to fight an economic collapse. In the future we’ll make different choices, and money will change again.

Indefinite Pessimism Every culture has a myth of decline from some golden age, and almost all peoples throughout history have been pessimists. Even today pessimism still dominates huge parts of the world. An indefinite pessimist looks out onto a bleak future, but he has no idea what to do about it. This describes Europe since the early 1970s, when the continent succumbed to undirected bureaucratic drift. Today the whole Eurozone is in slow-motion crisis, and nobody is in charge. The European Central Bank doesn’t stand for anything but improvisation: the U.S. Treasury prints “In God We Trust” on the dollar; the ECB might as well print “Kick the Can Down the Road” on the euro. Europeans just react to events as they happen and hope things don’t get worse. The indefinite pessimist can’t know whether the inevitable decline will be fast or slow, catastrophic or gradual. All he can do is wait for it to happen, so he might as well eat, drink, and be merry in the meantime: hence Europe’s famous vacation mania.

...we made some calculations in the Chaos Computer Club: you get decent voice-quality storage of all German telephone calls in a year for about 30 million euros including administrative overheads, so the pure storage is about 8 million euros.

the U.S. Treasury prints “In God We Trust” on the dollar; the ECB might as well print “Kick the Can Down the Road” on the euro.

Whether they win or lose their fight with the Euro institutions, Syriza have demonstrated the power of theory. Varoufakis

I was beginning to gain a degree of notoriety in the Greek and international media as a doomsayer who believed that not only was Greece’s bankruptcy inevitable but that it was a precursor of the euro-zone’s unravelling as well. Only

According to the survey conducted by the Pew Research Center in 2012 (see the Introduction) Germany is today the only member of the EU in which most people, 59 per cent, think their country has been helped by European integration. Majorities or near majorities in most countries surveyed now believe that the economic integration of Europe has actually weakened their economies. This is the opinion in Greece (70 per cent), France (63 per cent), Britain (61 per cent), Italy (61 per cent), the Czech Republic (59 per cent), and Spain (50 per cent). The survey data also show that the crisis of the euro has triggered a full-blown crisis of public confidence: in the economy, in the future, in the benefits of European economic integration, in membership in the EU, in the euro and in the free-market system. Again, Europeans largely oppose further fiscal austerity to deal with the crisis; they are divided on bailing out indebted nations; and oppose Brussels’ oversight of national budgets. In short, the European project is a major casualty of the ongoing sovereign-debt crisis: we are witnessing the failure of the attempt to integrate Europe through a ‘positive’ law that has neither produced the promised benefits for the people, nor has it been enacted by the people itself.

Indy beware. Suddenly my books ceased to sell on Amazon and Smashwords. Checking the internet I found that they were also being sold by readabookpage,com and euro-books.net neither of which I have authorised . Worse still they claim to have had 290 four star reviews for them which would equipage to a majority of 5 X stars. Moreover, probably only 1 in 20 people , maybe more, ever write a review. So, by my sums, they have probably shifted over 5.800 books and me c.$7,000 out of pocket. Nice to know they are selling so well, sad I don't get the benefits. Unless Amazon, Smashwords, Apple Books, B and N etc.. get together to get pirate sites closed down , then there is very little future in indy books

Polish Approach” to World Cups and Euros: A theory posited by a Polish waiter in London who once told us: “We Poles always have a defined rhythm to the three group stage games we play at every major tournament in which we are inevitably eliminated. They even have ritualistic names: Match day one: “The opening game in which everything is possible.” Match day two: “The must-win game in which our team’s survival is on the line.” Match day three: “A dead rubber Game of Honor in which the result is irrelevant because the team is already eliminated.

Thirdly, German bankers drooled over the large difference between the interest rate they could charge to German customers and the going interest rate in places like Greece. The chasm between the two was a direct repercussion of the trade imbalances. A large trade surplus means that cars and washing machines flow from the surplus to the deficit country, with cash flowing the opposite way. The surplus country becomes awash with “liquidity,” with cash accumulating in proportion to the net exports pouring into its trading partners. As the supply of cash increases within the surplus nation’s banks, in Frankfurt to be precise, it becomes more readily available and therefore cheaper to borrow. In other words, its price drops. And what is the price of money? The interest rate! Thus interest rates in Germany were remaining much lower than in Greece, Spain and their equivalents, where the outflow of cash (as the Greeks and the Spanish purchased more and more Volkswagens) maintained the price of euros in Europe’s south above its equivalent in Germany.3

And so it was that politicians used to quibbling over a few million euros to be spent on pensioners, health or education gave their governments carte blanche to transfer hundreds of billions to bankers hitherto awash with liquidity. “Solidarity with bankers” helped Germany’s and France’s banks survive the collapse of their foolish derivative trades. However, another calamity beckoned: the remaining loans that bankers, like Franz, had granted to the deficit regions of the eurozone were sizeable enough to bankrupt those nations if stressed Irish, Spanish, Greek banks were to default. Before the ink of their own bailout agreements had dried, a second bank bailout was in progress: a bailout for the bankers of deficit countries whose governments could not afford to rescue them.

Both of us shook with rage at the sad fact that my signatures were guaranteeing more than 50 billion euros of private bank debt while our state could not rub together a few hundred million euros to pay for our public hospitals, our schools or Greece’s old-age pensioners.

What currency are you bringing to invest in your job, in others, and in yourself, now and in the future? I’m not talking about money denominated in USD, GBP, or Euros. I’m talking about your skills, your capabilities, your expertise, your values, your behaviors, your personal energy, your time, your loyalty. You’re the owner of this human capital, and you decide when, how, and where to invest it. You hold the key to value creation. Therefore, create value, preserve that value, and always anticipate value. The journey from success to significance begins with you.

In Europe, a consortium of microelectronics companies, the Euro Pact for Skills, is devoting €2 billion to train current and future employees on electronic components and systems.

Germany is the key to Europe’s future, as it has been, one way or another, for at least a century. (Timothy Garton Ash, 2012)

Their differences were evident in the Treaty of Versailles of 1919, which Germany knew very well how to exploit to recover its economic and geopolitical strength in a relatively short period of time. France wanted to teach Germany a lesson, prevent its economic recovery and eradicate any pretensions of future political or military domination at all costs. The United States and Britain, on the other hand, considered that Germany should retain sufficient, though modest, strength to continue acting as a buffer against the Russian, now Soviet, threat, at the same time preventing any future dictatorial, warlike or expansionist drift. Faithful to their democratic liberal traditions, those two countries considered that the best antidote against such radical tendencies was to support the implementation of liberal democracy in Germany and to re-educate the German people in the values of Western civilisation.

The failures and consequent political costs of devaluing the franc brought the French leadership to the conviction that subsuming their national currency within the project of a common European currency was the way to elude those devaluation costs in the future. Knowing that the battle between the franc and the deutschmark had been lost, France saw in the euro the opportunity to regain control of its monetary affairs. She believed, naively, that she was going to have political control over the new common currency while taking advantage of the strength conferred by an ECB conceived as a carbon copy of the reputable German Central Bank. This nationalistic vision of the currency is the frame of reference for understanding the almost obsessive determination of France, from the time of General de Gaulle onward, to neutralise the monetary hegemony of the US dollar.

Whether they win or lose their fight with the Euro institutions, Syriza have demonstrated the power of theory. Varoufakis predicted the catastrophic end of the Greek bonanza, the unsustainability of leveraged finance and the fragmentation of the eurozone – even while the theories acceptable to the Wall Street Journal and Financial Times said the opposite. He also told his advisers, from the very beginning, that they could expect a deal with Europe only at ‘one minute past midnight’. That is, he theorized the potential accidental outcomes of the crisis too. That’s what gives this book both its power and its poignancy. We don’t know how the fight between Syriza and the eurozone will end – but we can be certain it will involve compromise. Politicians live in the world of compromise; theorists do not. But by the end of it, the radical left will know what it means to fight for a new, fairer kind of capitalism, in the teeth of resistance from the old kind. Paul Mason, 28 March 2015

An indefinite pessimist looks out onto a bleak future, but he has no idea what to do about it. This describes Europe since the early 1970s, when the continent succumbed to undirected bureaucratic drift. Today the whole Eurozone is in slow-motion crisis, and nobody is in charge. The European Central Bank doesn’t stand for anything but improvisation: the U.S. Treasury prints “In God We Trust” on the dollar; the ECB might as well print “Kick the Can Down the Road” on the euro. Europeans just react to events as they happen and hope things don’t get worse. The indefinite pessimist can’t know whether the inevitable decline will be fast or slow, catastrophic or gradual. All he can do is wait for it to happen, so he might as well eat, drink, and be merry in the meantime: hence Europe’s famous vacation mania.

The reason Greece became the first eurozone country to go manifestly bankrupt was simple enough. From the moment it looked likely that the drachma was history and Greece’s place in the euro was safe, bankers like Franz went into a frenzy of lending for the reason he explained to me so eloquently as we were flying to New York.

By allowing for new shares to be issued at prices well below those that the Greek state had paid (during the injection of almost 40 billion euros into the banks), and at once banning the state from buying into these shares, the state’s shares lost value and its equity in the banks was diluted substantially. In short, the public was shortchanged, in ways not dissimilar to those that transpired in Ireland that very same week, when the Irish central bank was forced to unload the Irish government bonds it had received for its promissory notes. And what was the common thread between these fresh assaults on the Irish and the Greek people? Europe’s custodian of the euro, the defender of the monetary realm, the pursuer of Europe’s common interest: the European Central Bank.

The eurozone was flawed at birth.

Jean-Claude Juncker, the proud architect of Luxembourg’s massive corporate tax-avoidance schemes and now the head of the European Commission, has taken a hard line—perhaps understandably, given that he may go down in history as the person on whose watch the dissolution of the EU began.

Greece's bailout, then Ireland's, then Portgual's, then Spain's were primarily rescue packages for French and German banks.

But Dutch and other European milk producers would like to increase sales by having their milk, transported over long distances, appear to be as fresh as the local product. In 2014 the Troika forced Greece to drop the label “fresh” on its truly fresh milk and extend allowable shelf life.

the newly elected government was told in effect that they had no choice: accept the conditions or your banking system will be destroyed, your economy will be devastated, and you will have to leave the euro. What does it mean to be a democracy, where the citizens seemingly have no say over the issues about which they care the most, or the way their economy is run?

While GDP is the standard measure of economic performance,2 there are other indicators, and in virtually every one, the eurozone’s overall performance is dismal, and that of the crisis countries, disastrous: unemployment is very high; youth unemployment is very, very high; and output per capita is lower than before the crisis for the eurozone as a whole, much lower for some of the crisis countries.

On every criterion by which performance is usually measured, the eurozone has been failing. Its performance has been poor relative to the United States, from which the crisis originated, and relative to non-eurozone Europe. Even Germany could not escape.

Note: The first incident happened after the arrest by the Netherlands police in May 1980. I suffered from that, which destroyed my career, future, health, and life. I tried and tried to investigate that, but the police didn't even register the first information report (FIR). It stayed, refusing since 1980 until now, which creates suspicious questions about what the reasons are for not filing the case. It mirrors whether the Netherlands government victimised me or whether the hired ones of the international intelligence agencies have been a hindrance or the criminal groups. - The second incident happened in the shape of uncurable cancer; it was a deliberate mistake and ignorance of the Netherlands Urologists, who did not follow even the primary medical borderlines for the checkup during one year from 2016 to 2017. After the diagnosis, they are hiding the reality, and they still do not take it seriously. I still hope that the Netherlands' neutral and free media will awaken to help me investigate the incident. It will save millions of lives around the world. In God's name, take it seriously to protect me and others. I feel suspicious elements around me. I cry and pray day and night for God's protection since I do not exclude the Qadeyanis witches and magicians, who keep doing black magic continuously that the West does not understand. My Real Story In A Poem *** I never thought I would suffer from cancer The metastatic prostate gland I still cannot decide that It is natural or human-made Since everything is possible In the medical-criminal world How it happened in Western society; Civilized urologists ignored it deliberately From 2016 to 2017 Telling that nothing was wrong Whereas I was suffering from Bleeding, burning, and pain During urinating I begged urologists for a wide-scale checkup With MRI scans and other new technologies But urologists stayed rejecting; Whereas I was paying insurance for that Consequently, at the beginning of 2017 The diagnosis became a time bomb that I had metastatic prostate gland cancer, Which was not curable, They listed me on the death list, Treating for longer life expectancy However, they do tell not the truth And stay suspicious It confuses me and creates grave fear Since then I am bearing terrible side effects Factually, I became victimized twice By criminals, Intelligence Agencies And underground-mafias Which I am unable to trace alone In this regard, I approached Western Media, Ministries, police, courts, Euro Union Unfortunately, none of those responded Even my motherland media cruelly ignored It seems as if I am in the grip of the demon And The Prisoner Of The Hague Everyone has left me alone in pain, Stress, fear, depression Even my children don't care And realize my tears Where resides sympathy, empathy, And humanity? I feel death before death It is a silent cruelty Ah, where should I ask and beg For justice, help, and investigation That civilized world should know An innocent is under victimization I believe God will help and protect And someone from somewhere Appear to hold my hands To eliminate all criminals and demons My cancer will be curable With a longer life expectancy, in some ways Amen, O' merciful God amen.