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  2. Good job it was supposed to be the Euro to collapse, Sterling is doing a better job of it
  3. are we talking about this "the week" magazine " The Week magazine takes only the best articles from the global online and print media and expertly edits them together, giving you a balanced and concise view of the news from the past seven days. In just one hour," or is there another one with the same name?
  4. banks shares have been going up and down like a yoyo all week with shares being temporarily suspended because of shares (of various banks) going up or down too much MPS shares today were go figure I love all this doom predicted by the UK press they have been predicting the demise of the Euro etc for donkeys maybe it makes them feel better mind you Lloyd just scraped through and RBS didn't come out smelling of roses either
  5. Italy's UniCredit shares SUSPENDED as banking crisis grows
  6. That's the Remanian-supporting Londonistan Chronicle! Try: House prices defy gloomy post-Brexit forecasts Mind you I think the rest of the UK is willing a collapse in London prices too. But this won't be due to Brexit, it will simply be a return to some marginal sort of sanity.
  7. There have been talks for a while now that a revaluation of properties was going to take place it looks like it is happening indeed I went to the comune last week, finally after 4 years of asking them to recalculate my TARI tax (as they were charging me for a building I don't have) it seems we are getting somewhere with that, however I had a bit of a surprise when they told me last year I underpaid TASI (no longer in place from this year) by 76€. I said it can't be the accountant work it out. So went to the accountant to ask what happened they printed a visura catastale and it now shows my house is gone from A3 to A7. So off I went to see the geometra to see what was going on. he printed out a visura catastale storica and indeed in Nov last year (17/11/15) the catasto revalued my house from A3 to A7 without issueing any notification to the interested party the renable value has gone up from 503€ to 630€ So anyone doing their own IMU calculation make sure your property has not been revalued
  8. as I thought the wonder girl so far has only managed 1 council meeting that she had to have and surprise surprise she has to clear things with the "diretterio" before she does anything. Silly puppet or should it be muppet
  9. that's typical politicians talk things they say and don't mean Mind you if things keep going as it says in this article in 2 years time I might be able to buy back my house in London
  10. Italy PM pledges 'new friendship' with UK post-Brexit as May repeats EU migrant vow
  11. not good news
  12. The problem is that there is an European parliament, we elect MEPs but they don't have any power to legislate as heads of government make all the final decisions and that's where the problem is. The more powerful government/s will bully the doing what they want and it is in their own country best interest The EU must change how it works because sorting out whether bananas should be straight or not is no longer an option. The new structure must be like something along the lines of USA, Switzerland where some things come under "federal" but each state has its own identity and area of decision making. At the end of the day even government don't really count that much anymore the ones that dictate policies are the huge financial organisations and multinational companies.the big force behind globalisation which has lower living standards everywhere
  13. What I find despicable about Brexit it is not the right of Britain to come out of the EU etc if that had been done by supporting their case with valid arguments on the pros and cons. All I have seen of Brexit propaganda is blame foreigners for everything with a campaign that went beyond racist, all foreigners are scrounging off the UK and taking jobs away from British people. That's despicable and incidents of pure hatred, see cards left near houses where Polish people live, calling them scum go home you vermin etc etc have now started but during world war 2 the Poles were welcome when they had to put their lives on the line. The truth of the matter is that there are only 3 countries in the world that count, they are Russia, USA China everyone else is a little pawn in world politics
  14. Forgot to add pity the Tory Chancellor said that there will have to be higher taxes and cut in spending in the near future
  15. Yes it is all a bed of roses for the UK I don't have a problem with a European federal state on the line of the USA I have just heard Farage speach at the EU parliament with his usual blah blah well Mr Farage I certainly I have no interest in having a friend like you and the best reply to his verbal D was "well you are out so what are you doing here" brilliant succinct reply
  16. and the Stock Market is already recovering, " We told you earlier that the FTSE 100 had opened slightly up this morning. Well, there's some good news too for the battered FTSE 250 as well, which is 3.2% higher. The biggest riser is Marshalls, up 12.7%, with G4S up 10.6% and Redrow 9.4% higher. The FTSE 250 is made up of a broader range of companies than the largely multi-nationals which make up the FTSE 100 stocks." and the £ is now €1.20. I believe things will settle down pretty quickly. Also this from another forum: In a letter to a friend, dated 30th April 1952, from Jean Monnet, one of the 'founding fathers' of the EU:
  17. AAA gone too, Sterling £1/1.19€ down 10c from day before referendum joy not
  18. Well all the forecasters got the result wrong, why should they be any better at this.
  19. The UK has had its credit rating outlook downgraded to "negative" by the ratings agency Moody's after the country voted to leave the EU. Moody's said the result would herald "a prolonged period of uncertainty". Meanwhile, PM David Cameron is under pressure to speed up "divorce" talks with the EU after Brussels said exit negotiations should start immediately. EU head Jean-Claude Juncker said it was "not an amicable divorce", but it was "not a tight love affair anyway". Moody's said the referendum result would have "negative implications for the country's medium-term growth outlook", and it lowered the UK's long term issuer and debt ratings to "negative" from "stable". Tipped favourite It added: "In Moody's view, the negative effect from lower economic growth will outweigh the fiscal savings from the UK no longer having to contribute to the EU budget." It also said the UK had one of the largest budget deficits among advanced economies.
  20. I certainly don't want to go to 1/1.05 again i look forward to see this bed of roses the UK is going to turn into By the way when are the "leaving campaigners" going to keep their word and start putting £350M a week into the NHS?
  21. IF house prices fall the predicted 5% that will be great for first-time buyers, and will be great for people trading up. If you are trading down you'll hardly miss it. The market is way overheated in any event, and a fall is long overdue. Mortgages are very low and have been carefully regulated as to affordability over recent years - there's probably no one to feel sorry for. They are A LOT higher than bank rate though, so a doubling in bank rate (say from 0.5% to 1%) wouldn't have a significant impact. Inflation isn't a problem, it's the lack of inflation that's the problem - these are not normal times! The upside is that savers might get some sort of return on their money, at the moment it's derisory. Markets live: FTSE 100 finishes the week up more than 2pc after recovering from 8.7pc drop as pound falls to 7-year low 1 British Pound equals 1.23 Euro Were you panicking in 2011 and 2013 too?
  22. It is all funny money - it does not really exist! It's only worth anything because people have confidence that things will continue tomorrow much as it did today. If people stop believing in the emperor's new clothes they stop believing in the same kind of new clothes on emperors everywhere. The buzz word for this is international monetary stability. The central banks have no option, and Sterling will not go down "big time" because greed rapidly overtakes fear in markets. I'm in regular contact with a large Irish investor who had a huge windfall fairly recently, and he's just waiting for an opportunity to switch his Euro cash-pile into Sterling. He needs Sterling because he has a house in Ulster too, and his kids get a much better education at UK schools. He is one of many such investors who will try to take cash off bankers who sell Sterling short. Every pound today has exactly the same backing in national wealth as it had yesterday, all that has changed is a perception of the prospects for the UK economy. That the world's fifth largest economy (shortly to overtake the world's fourth largest) can't earn its way in the world better outside the overall control of European politicians who have failed in their home country, is an illusion that will be dispelled relatively quickly. Another Euro crisis is already brewing and the markets will switch to fretting about that. The UK will be saving going on for £400,000,000 a week in EU contributions quite soon (yes some of it comes back as rebates with huge strings attached, but it's not really UK money then), and the EU has to find most of this this money from other nations somehow. Mrs Merkel is in no position to write out a cheque for this with the AfD and others breathing down her neck, so where is this money coming from? There's also a concealed £20BN hole is the delayed EU budget, where is that money coming from? Will you be complaining when the BoE is helping to maintain confidence in the Euro?
  23. I am fuming if what I have just heard on the news is correct. Apparently the European central bank is ready to step in to help Sterling from going down big time. The vote was for out, right, out you are let the Bank of England step in to support Sterling not European money
  24. Sterling is 1.22 has not been that low in ages and the run on Sterling has not even started. I hope the bank of England has got enough reserve (given UK is not in the even in the top 10 countries) the London stock exchange is down too not much to be happy about I feel sorry for young people in UK with massive mortgages when interest rates will start to go up to keep Sterling afloat
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