March 30th, 2017 - The official two year countdown to the best UK/EU trade deal ever.

[chopper]

Boing! Time to get out. 56 PMI

Eurozone booms as economy shows signs of overcoming its long crisis

Even without Brexit, that would mean nothing to us. It is just a combined rating for Germany, France, Italy, Spain, the Netherlands, Austria, the Republic of Ireland and Greece - you see some Euro nations beef it up (e.g. Germany on 58.3) and some drag it down (Greece on 47.7).

Euro Area Manufacturing PMI | 2007-2017 | Data | Chart | Calendar

Germany has a strong economy which is dependent on the Euro to allow the piss poor nations to drag the value of the Euro down.

[BlasterBates]

Not just Germany

Italy Manufacturing PMI | 2012-2017 | Data | Chart | Calendar | Forecast

Italy even doing well.

[sasguru]

It's funny, Brexiters moan about what the Euro is doing to Portugal, Spain, Greece etc.

Ignoring the facts that:

1) they are still much better off than when they were impoverished, second world, banana-republic-like countries pre EU
2) which is why none of them wants to leave the EU and
3) this is my opinion, but the fiscal discipline/austerity imposed on them by Germany over the last few hard years was absolutely necessary to get them in some form of economic shape - as opposed to spending money they didn't have.
It should have happened here too, but we had fake austerity instead.

I have no doubt the next few years will be good for Euroland.

Greece is the one country that doesn't belong and should be kicked out.

[northernladyuk]

It's funny, Brexiters moan about what the Euro is doing to Portugal, Spain, Greece etc.

Ignoring the facts that:

1) they are still much better off than when they were impoverished, second world, banana-republic-like countries pre EU
2) which is why none of them wants to leave the EU and
3) this is my opinion, but the fiscal discipline/austerity imposed on them by Germany over the last few hard years was absolutely necessary to get them in some form of economic shape - as opposed to spending money they didn't have.
It should have happened here too, but we had fake austerity instead.

I have no doubt the next few years will be good for Euroland.

Greece is the one country that doesn't belong and should be kicked out.

The countries are better off than immediately post-WWII, but I think that is due to the EU, not the Euro. The Euro locked them in at an effective fixed exchange rate that has left them unable to compete with Northern European countries, as they cannot devalue to restore competitiveness.

[Platypus]

What I find shocking about tripe like this is that some people actually believe it.

[Bee]

The part of not be in Euro and in Schengen make me laugh.

[sasguru]

The countries are better off than immediately post-WWII, but I think that is due to the EU, not the Euro. The Euro locked them in at an effective fixed exchange rate that has left them unable to compete with Northern European countries, as they cannot devalue to restore competitiveness.

There is a school of thought that that is not a long term fix.
If they can learn to be competitive within the Euro, they will be much better off - whether that is possible remains to be seen, but Spain now has the highest growth rate in Europe at 3%.

[sasguru]

What I find shocking about tripe like this is that some people actually believe it.

Which part do you disagree with?

[northernladyuk]

Which part do you disagree with?

It's just a vague and general kind of disagreement, nothing specific.

[darmstadt]

What I find shocking about tripe like this is that some people actually believe it.

Please explain? If you can give me good reasons as to why it isn't true then I've vote Brexit