Monday, August 4, 2008

Worcester to accept euros?

OK! I may as well start by saying that everything I say is to be taken as lightly or as seriously as your own imagination steers you. I can write angry when I am perfectly calm and certainly can appear calm when I am angry.

My brain's a bit mush as we(a group of friends) just came back from 3 days in Worcester as one of us(not me) is getting hitched in a couple of weeks. The Bars of Worcester certainly offered us the delights we were seeking and the ladies of the town were not too disturbed by our attempts of social intercourse. Apologies to the Barges that parked up by ours as we may have woken one or two up as we were dropped back at about 2am! Oh and to the fisherman that was slightly upset when we took our speed upto a notch above 5mph for a moment just to see what this baby could do ;-)

The Euro! well I dont really have a mind small enough to be swayed by all this loss of sovereignty babble to not be smitten by the idea of not having to faff with all these exchanges when buy and selling across the continent etc. My business would certainly suffer less with it.

So my view would be to get in there right now. Why? because we are at approx 80p to one Euro and our interest rates are not a million miles apart. This perfect for the long term prospects of the UK.
1. Our exports to them would be pegged at this level for a while and hence cheaper and more attractive. Yes the long term would mean we stabilise as we would be buying parts from them and hence it would eventually mean less.
2. The interest rates thing means we wont suffer and economic 'jump' as we are almost there anyway!
3. It is about time we were steering Europe economically rather than on the outside pissing into their wind! The one good thing about our economy has been the target of keeping an inflation band. This means we will always focus on growth rather than just keeping inflation as low as possible. We could get the Eurozone to adopt the same policy and we would then all prosper more sensibly and more readily. No one want the manic instability of the US economy where they put up and take down rates every time the wind blows up their skirts.

Now about the young ladies of Worcester! ;-)

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