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EURO PLUNGING: EUR=1.2234 USD

 
Anonymous Coward
User ID: 781636
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05/17/2010 01:54 PM
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Re: EURO PLUNGING: EUR=1.2234 USD
would love to see the euro at par.
 Quoting: Anonymous Coward 968571

u will. give it time
Quartz

User ID: 973286
Luxembourg
05/17/2010 01:55 PM
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Re: EURO PLUNGING: EUR=1.2234 USD
You've been watching too much "Jericho".
 Quoting: Anonymous Coward 851753

I'm not not American, I don't live in the US & I don't watch American synch shows here.

I don't care for Hollywood trash series but I do know where to put my €uro - converted into a more stable currency now & no, it's neither the Canadian $ nor the £ (will crash this year, too) nor in AU$.

Physical gold is better than any cash currency. The price of real gold (not papers) will continue to go up.

The '€uro' will fall to 0.80 Cts.

Last Edited by Quartz on 05/17/2010 01:58 PM
Anonymous Coward
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05/17/2010 02:00 PM
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Re: EURO PLUNGING: EUR=1.2234 USD
Houston, we have a problem.
Anonymous Coward
User ID: 851753
United States
05/17/2010 02:05 PM
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Re: EURO PLUNGING: EUR=1.2234 USD
Americans are...Were here to stay,just like are currency
Nope. Financial time-line:

June 2010.

Sovereign national debt will implode & cause a financial crash that will dwarf the one of October 2008.

This year WWIII will start.

America will get its backside burned. It won't survive the way it is now - most likely break up in four parts (N, W, S, E). That's been 'unoffical' for a long time.
 Quoting: Quartz


Like many, you really don't understand how the United States is made up. Very much like Europe, we have 50 nation states bound together by the Constitution. Now, for the last 150 years, the Federal Crooks, er, uh, Government has been trying to brainwash us and tell is that is not the case, however, the only reason we LOOK different from Europe is that we've always had one currency and one language. It is easily confused, but, we are not one country, we are 50 nation states. We were simply 200 years ahead of the Eurozone and much more cohesive because of the currency and the language.

Just think if, in Europe, everyone had spoken German and used only Deutsch Marks how things would have been different. Unfortunately, the development of European civilization was much less directed that the USA.

But, the underlying framework of the USA is very much like Europe in that the our States are really independent countries. An, lacking a cohesive federal government, will operate that way. In fact, our federal government has become too brazen and too controlling above and beyond its original charter (The Constitution). Now, it has run up debt to an astronomical level. The District of Criminals is about to be flushed down the toilet and the States will form a New Federal Government that will stick to its charter (at least for a while).

The Federal Government, its crooked and perverse mandates and the IMF tool called The Federal Reserve area about to be flushed. The inhabitants of the 50 Free Republics are tired of getting FUCKED over and over.

Somebody hit the handle. Hit it now!
Anonymous Coward
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05/17/2010 02:06 PM
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Re: EURO PLUNGING: EUR=1.2234 USD
hillary

EURO PLUNGING: EUR=1.2234 USD
Anonymous Coward
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05/17/2010 02:06 PM
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Re: EURO PLUNGING: EUR=1.2234 USD
You might also look at converting some into gold equity stocks like the Junior gold miners and gold exploration companies. (symbol "TRE") is one of this exploratory companies I anticipate will rise more percentage wise then the physical. If you get your shares direct registered in your name, it will be a safe investment. Do not leave them in "Street name" like Scottrade. Gold junior mining companies might appreciate more in value by 5 times physical gold. The good ones that are not hedged will even be paying you dividends.
Anonymous Coward
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05/17/2010 02:09 PM
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Re: EURO PLUNGING: EUR=1.2234 USD
The Federal Government, its crooked and perverse mandates and the IMF tool called The Federal Reserve area about to be flushed. The inhabitants of the 50 Free Republics are tired of getting FUCKED over and over.

Somebody hit the handle. Hit it now!
 Quoting: Anonymous Coward 851753


I certainly hope you are right. Because if the American people don't take their country back now, it's a lost cause.
Anonymous Coward
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05/17/2010 02:09 PM
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Re: EURO PLUNGING: EUR=1.2234 USD
I meant to type that gold equity companies might appreciate more percentage wise then the percentage physical gold will. If gold doubled in value, you might see the mining stocks appreciate 5 times as much as you paid or more. Some gold miners rose 1500% back during the depression.
Anonymous Coward
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United States
05/17/2010 02:10 PM
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Re: EURO PLUNGING: EUR=1.2234 USD
The US real debt hole is about $218 trillion.

1rof1 $218 trillion


$218 imaginary trillion dollars.

Backed by the wealth of .. um. . ur..
 Quoting: Anonymous Coward 968571


Backed by "The Full Faith And Credit Of The USA!!!"

Now *THAT* is a bad joke!!!

:lrof1: :lrof1: :lrof1: :lrof1: :lrof1: :lrof1: :lrof1:

Honestly, we laugh now but it won't be funny much longer.
Anonymous Coward
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05/17/2010 02:12 PM
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Re: EURO PLUNGING: EUR=1.2234 USD
hillary

EURO PLUNGING: EUR=1.2234 USD
 Quoting: Anonymous Coward 938403


I wish you people would stop posting that picture!

It just makes me cringe for, like, hours!
Quartz

User ID: 973286
Luxembourg
05/17/2010 02:13 PM
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Re: EURO PLUNGING: EUR=1.2234 USD
Houston, we have a problem.
 Quoting: Anonymous Coward 616767

NASA got its budget - or, should that read 'wings'? - cut by your socialist mongrel Obomber.
Anonymous Coward
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United States
05/17/2010 02:16 PM
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Re: EURO PLUNGING: EUR=1.2234 USD
The Federal Government, its crooked and perverse mandates and the IMF tool called The Federal Reserve area about to be flushed. The inhabitants of the 50 Free Republics are tired of getting FUCKED over and over.

Somebody hit the handle. Hit it now!


I certainly hope you are right. Because if the American people don't take their country back now, it's a lost cause.
 Quoting: Anonymous Coward 973301


The sooner the crash the better. The CRASH is the only thing that will save us. When the old barn finally catches fire and starts falling down, have your shotguns ready, boys! Thats when the rats will leave in droves. Target the fattest ones first. The children can chase the smaller ones with shovels. Lock and load and keep the ammo coming!

Take note Washington, District of Criminals: WE ARE COMING FOR *YOU*.

...and its not to invite you to dinner.
Anonymous Coward
User ID: 973301
United States
05/17/2010 02:21 PM
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Re: EURO PLUNGING: EUR=1.2234 USD
The sooner the crash the better. The CRASH is the only thing that will save us. When the old barn finally catches fire and starts falling down, have your shotguns ready, boys! Thats when the rats will leave in droves. Target the fattest ones first. The children can chase the smaller ones with shovels. Lock and load and keep the ammo coming!

Take note Washington, District of Criminals: WE ARE COMING FOR *YOU*.

...and its not to invite you to dinner.
 Quoting: Anonymous Coward 851753


Until recently, I thought the system was fixable. Now, with the banksters going after entire countries, I do see that collapse is not only inevitable, it's necessary.
redpill2010

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05/17/2010 02:24 PM
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Re: EURO PLUNGING: EUR=1.2234 USD
NASA got its budget - or, should that read 'wings'? - cut by your socialist mongrel Obomber.
 Quoting: Quartz


Obama is increasing NASA's budget, FYI. He cancelled the Constellation program and increased the budget. Not because he has any clue, but because that's what the Augustine Commission told him to do.
Quartz

User ID: 973286
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05/17/2010 02:49 PM
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Re: EURO PLUNGING: EUR=1.2234 USD
Like many, you really don't understand how the United States is made up.
 Quoting: Anonymous Coward 851753

Oh really? Guess what - I lived in the 'United' States which is still part of the British Commonwealth by decree of the original 13th amendment that has since been 'edited' out of the now "officially" known 'Constitution' (or should that read Constipation?).

The United States is but the economic experiment about to fall apart at the seams. And, they are still 'beholden' to the Queen of England.

Your Bill of Rights is put through the paper shredder. Your Constitution, i.e, "Constipation", began to be eroded by Bush Jr. & is now being 'exterminated' by your 'Bush' puppet in chocolate, Obummer, the cucoo who's nesting in the WH; the Worldbank as well as the IMF.

Don't teach me about "America" - you fool!

We were simply 200 years ahead of the Eurozone and much more cohesive because of the currency and the language.
 Quoting: Anonymous Coward 851753

Oh no, you werent'. I've lived in the South (yes, Atlanta before it become a buzz business centre & when CNN had just been 'born' way back in 1989).

I've also been to the NYSE (yes, Wall Street) & saw the 'beehive' it was back in the mid-90s when the first boom bubble was building up (dot.com anyone?). America was still 'recovering' from Michael Milken - the junk bond Savings & Loan king who ended up like Bernie Madoff did not too long ago. Oh yes, and there was the small & 'minor' aberration that was ENRON & Bush Jr.'s "good friends".

Just think if, in Europe, everyone had spoken German and used only Deutsch Marks how things would have been different. Unfortunately, the development of European civilization was much less directed that the USA.
 Quoting: Anonymous Coward 851753

Say, do you not have a headache yet? The dollar is a fiat currency & has not been backed by gold since 1975.

If we would have been like the United States Europe would have sunk a lot sooner - it's only because the ECB has adopted the same ridiculous US approach of printing toilet paper, that we are in this mess now. And, no the DM over all of Europe would not ever have been 'accepted' (the way it was by the fast asleep moronic & dumbed down masses in the US by too much tv, video & Hollywood trash & too many easily available chemical drugs in the US).

In case you have not understood - the US was an economic experiment by the European monarchy. It was never considered as apart from the Mother ship (yes, that's Europe for you).

The District of Criminals is about to be flushed down the toilet and the States will form a New Federal Government that will stick to its charter (at least for a while).
 Quoting: Anonymous Coward 851753

You obviously 'believe' that myth, hm? Tell you what, I lived in LA, CA from 2000-2003 & I tell you now that this won't happen.

Keep dreaming but it's not part of the world elite's plans. America will self-destruct through its constant war machinery. It's become a virus on the planet - that's why I have no compassion whatsoever for what's happening in the Gulf with the BP oil leak.

Call it karma but this is what happens when a 'nation's' greed is running the show & is exemplary of the US's deliberate exploitation & letting it happen.

Obomber 'agreed' to allow BP to exploit the ocean before screaming at the 'damage' the way he always does - faggot that he is. America's relentless hunting & greed for oil (to ensure the "American way of life" based on nothing but hot air & no substance) & resources at the expense of other people's survival, their right for a dignified existence is finally hitting its own shores.

You get what you deserve.

And, if people hate my guts for this, I am more appalled at the accumulated corporate greed called "The United States" the best democ-RATS-y money can buy - which, is, as a matter of fact, a corporation, not a nation - than any oil spill could ever make up for.

The American empire is a plague & a disgrace on the face of this earth, despicable & utterly plastic. Like your CC, your Hollywood industry, your Federal Reserve & $$$&Cts & your rotten ethics & distorted morale, corrupted right into the marrow of your bones.

You do no longer know human values. Your whole mentality has been distorted by $$$$, more $$$ and more $$$. All plastic worthless pieces of paper.

America is mentally ill & psychologically destroyed. The soldiers are left outside with no support - they come back from all these horrible blood-drenched wars & all you think is that 'America' should survive solely by 'flushing' the corrupt banking industry down the toilet?

You don't even know how to live without your fake bills anymore so how can you even begin to "sign" this without having any real options?

America is too divided to ever come together as a real nation.

It's over.

Last Edited by Quartz on 05/17/2010 02:56 PM
Anonymous Coward
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05/17/2010 03:09 PM
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Re: EURO PLUNGING: EUR=1.2234 USD
oh fuck off.
Anonymous Coward
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United Kingdom
05/17/2010 03:10 PM
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Re: EURO PLUNGING: EUR=1.2234 USD
You might also look at converting some into gold equity stocks like the Junior gold miners and gold exploration companies. (symbol "TRE") is one of this exploratory companies I anticipate will rise more percentage wise then the physical. If you get your shares direct registered in your name, it will be a safe investment. Do not leave them in "Street name" like Scottrade. Gold junior mining companies might appreciate more in value by 5 times physical gold. The good ones that are not hedged will even be paying you dividends.
 Quoting: Anonymous Coward 973339


Two friends of mine bought Centamin Egypt (CEY.L) at 12p 3 years ago, 15k sterling each. We all laughed at them down the bar as they bought on the strength of hearing a conversation down the squash club, they are now trading at £1.60. That's a return somewhere around £180k sterling (albeit paper profit)not bad for a guy on a salary of £55k.

Have to agree though physical gold is worth holding. I read in Moneyweek that they advocate holding 10% - 15% of your worth in physical precious metal to protect against any eventuality. If I only I could afford to lol
bed
Netizen Ribbonmind

User ID: 960117
United States
05/17/2010 03:11 PM

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feels good.
"The earth is mother of us all, for she is just; but you, because you are unjust have pretended that she is your mother alone; and if you do not stop, I will not permit you to remain upon her."

[link to www.livius.org]
Anonymous Coward
User ID: 687755
United States
05/17/2010 03:11 PM
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Re: EURO PLUNGING: EUR=1.2234 USD
So does this mean it will be cheaper for me to travel there this summer since Im converting USD to the EURO?
Anonymous Coward
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05/17/2010 03:12 PM
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Re: EURO PLUNGING: EUR=1.2234 USD
So does this mean it will be cheaper for me to travel there this summer since Im converting USD to the EURO?
 Quoting: Anonymous Coward 687755


yes.

the euro is doomed.
Nailer45

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05/17/2010 03:12 PM
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Re: EURO PLUNGING: EUR=1.2234 USD
The US real debt hole is about $218 trillion.

1rof1 $218 trillion
 Quoting: jarha





just the medicare liabilty for the USA at this time is $75 Trillion.

[link to www.usdebtclock.org]
Experience hath shewn, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny.
Thomas Jefferson
Anonymous Coward
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United Kingdom
05/17/2010 03:14 PM
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Re: EURO PLUNGING: EUR=1.2234 USD
So does this mean it will be cheaper for me to travel there this summer since Im converting USD to the EURO?
 Quoting: Anonymous Coward 687755


Yep it sure does but if that equation was too tough to work out on your own, you shouldn't be trusted with a passport!

iamwith
Anonymous Coward
User ID: 973437
Switzerland
05/17/2010 03:18 PM
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Re: EURO PLUNGING: EUR=1.2234 USD
You don't even know how to live without your fake bills anymore so how can you even begin to "sign" this without having any real options?

America is too divided to ever come together as a real nation.

It's over.



Hmmm, if the Germans pulled all the undeclared money out of Luxembourg you would end up on the fields again harvesting your carrots and what not!
Dash Riprock

User ID: 725839
United States
05/17/2010 03:19 PM
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Re: EURO PLUNGING: EUR=1.2234 USD
Like many, you really don't understand how the United States is made up.
Oh really? Guess what - I lived in the 'United' States which is still part of the British Commonwealth by decree of the original 13th amendment that has since been 'edited' out of the now "officially" known 'Constitution' (or should that read Constipation?).

The United States is but the economic experiment about to fall apart at the seams. And, they are still 'beholden' to the Queen of England.

Your Bill of Rights is put through the paper shredder. Your Constitution, i.e, "Constipation", began to be eroded by Bush Jr. & is now being 'exterminated' by your 'Bush' puppet in chocolate, Obummer, the cucoo who's nesting in the WH; the Worldbank as well as the IMF.

Don't teach me about "America" - you fool!

We were simply 200 years ahead of the Eurozone and much more cohesive because of the currency and the language.
Oh no, you werent'. I've lived in the South (yes, Atlanta before it become a buzz business centre & when CNN had just been 'born' way back in 1989).

I've also been to the NYSE (yes, Wall Street) & saw the 'beehive' it was back in the mid-90s when the first boom bubble was building up (dot.com anyone?). America was still 'recovering' from Michael Milken - the junk bond Savings & Loan king who ended up like Bernie Madoff did not too long ago. Oh yes, and there was the small & 'minor' aberration that was ENRON & Bush Jr.'s "good friends".

Just think if, in Europe, everyone had spoken German and used only Deutsch Marks how things would have been different. Unfortunately, the development of European civilization was much less directed that the USA.
Say, do you not have a headache yet? The dollar is a fiat currency & has not been backed by gold since 1975.

If we would have been like the United States Europe would have sunk a lot sooner - it's only because the ECB has adopted the same ridiculous US approach of printing toilet paper, that we are in this mess now. And, no the DM over all of Europe would not ever have been 'accepted' (the way it was by the fast asleep moronic & dumbed down masses in the US by too much tv, video & Hollywood trash & too many easily available chemical drugs in the US).

In case you have not understood - the US was an economic experiment by the European monarchy. It was never considered as apart from the Mother ship (yes, that's Europe for you).

The District of Criminals is about to be flushed down the toilet and the States will form a New Federal Government that will stick to its charter (at least for a while).
You obviously 'believe' that myth, hm? Tell you what, I lived in LA, CA from 2000-2003 & I tell you now that this won't happen.

Keep dreaming but it's not part of the world elite's plans. America will self-destruct through its constant war machinery. It's become a virus on the planet - that's why I have no compassion whatsoever for what's happening in the Gulf with the BP oil leak.

Call it karma but this is what happens when a 'nation's' greed is running the show & is exemplary of the US's deliberate exploitation & letting it happen.

Obomber 'agreed' to allow BP to exploit the ocean before screaming at the 'damage' the way he always does - faggot that he is. America's relentless hunting & greed for oil (to ensure the "American way of life" based on nothing but hot air & no substance) & resources at the expense of other people's survival, their right for a dignified existence is finally hitting its own shores.

You get what you deserve.

And, if people hate my guts for this, I am more appalled at the accumulated corporate greed called "The United States" the best democ-RATS-y money can buy - which, is, as a matter of fact, a corporation, not a nation - than any oil spill could ever make up for.

The American empire is a plague & a disgrace on the face of this earth, despicable & utterly plastic. Like your CC, your Hollywood industry, your Federal Reserve & $$$&Cts & your rotten ethics & distorted morale, corrupted right into the marrow of your bones.

You do no longer know human values. Your whole mentality has been distorted by $$$$, more $$$ and more $$$. All plastic worthless pieces of paper.

America is mentally ill & psychologically destroyed. The soldiers are left outside with no support - they come back from all these horrible blood-drenched wars & all you think is that 'America' should survive solely by 'flushing' the corrupt banking industry down the toilet?

You don't even know how to live without your fake bills anymore so how can you even begin to "sign" this without having any real options?

America is too divided to ever come together as a real nation.

It's over.
 Quoting: Quartz


I won't argue with any of the above...except one thing...On the whole, America still has the greatest collection of individuals ever assembled. Period.

Yes, the current criminal paradigm is collapsing.

And, yes, the U.S. may balkanize into sympathetic regions.

But still, there is no place in the world that I'd rather start the rebuilding process than right where I'm at, because I know what the "little guys" of this nation are made of.

You stay in Europe. Good fucking luck to you. You will need it.

Last Edited by Cognitive Dissonance on 05/17/2010 03:22 PM
Anonymous Coward
User ID: 970856
United Kingdom
05/17/2010 03:20 PM
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Re: EURO PLUNGING: EUR=1.2234 USD
You don't even know how to live without your fake bills anymore so how can you even begin to "sign" this without having any real options?

America is too divided to ever come together as a real nation.

It's over.



Hmmm, if the Germans pulled all the undeclared money out of Luxembourg you would end up on the fields again harvesting your carrots and what not!
 Quoting: Anonymous Coward 973437


LOL @ the Lux Jibe that's told you Luxy Boy!
Anonymous Coward
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United States
05/17/2010 03:22 PM
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Re: EURO PLUNGING: EUR=1.2234 USD
I can't argue with any of the above...except one thing...On the whole, America still has the greatest collection of individuals ever assembled. Period.


 Quoting: Dash Riprock



You obviously live where there isn't a Wally World nearby.... we are sheep to the core!
Ron
User ID: 618453
Netherlands
05/17/2010 03:34 PM
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Re: EURO PLUNGING: EUR=1.2234 USD
Like many, you really don't understand how the United States is made up.
Oh really? Guess what - I lived in the 'United' States which is still part of the British Commonwealth by decree of the original 13th amendment that has since been 'edited' out of the now "officially" known 'Constitution' (or should that read Constipation?).

The United States is but the economic experiment about to fall apart at the seams. And, they are still 'beholden' to the Queen of England.

Your Bill of Rights is put through the paper shredder. Your Constitution, i.e, "Constipation", began to be eroded by Bush Jr. & is now being 'exterminated' by your 'Bush' puppet in chocolate, Obummer, the cucoo who's nesting in the WH; the Worldbank as well as the IMF.

Don't teach me about "America" - you fool!

We were simply 200 years ahead of the Eurozone and much more cohesive because of the currency and the language.
Oh no, you werent'. I've lived in the South (yes, Atlanta before it become a buzz business centre & when CNN had just been 'born' way back in 1989).

I've also been to the NYSE (yes, Wall Street) & saw the 'beehive' it was back in the mid-90s when the first boom bubble was building up (dot.com anyone?). America was still 'recovering' from Michael Milken - the junk bond Savings & Loan king who ended up like Bernie Madoff did not too long ago. Oh yes, and there was the small & 'minor' aberration that was ENRON & Bush Jr.'s "good friends".

Just think if, in Europe, everyone had spoken German and used only Deutsch Marks how things would have been different. Unfortunately, the development of European civilization was much less directed that the USA.
Say, do you not have a headache yet? The dollar is a fiat currency & has not been backed by gold since 1975.

If we would have been like the United States Europe would have sunk a lot sooner - it's only because the ECB has adopted the same ridiculous US approach of printing toilet paper, that we are in this mess now. And, no the DM over all of Europe would not ever have been 'accepted' (the way it was by the fast asleep moronic & dumbed down masses in the US by too much tv, video & Hollywood trash & too many easily available chemical drugs in the US).

In case you have not understood - the US was an economic experiment by the European monarchy. It was never considered as apart from the Mother ship (yes, that's Europe for you).

The District of Criminals is about to be flushed down the toilet and the States will form a New Federal Government that will stick to its charter (at least for a while).
You obviously 'believe' that myth, hm? Tell you what, I lived in LA, CA from 2000-2003 & I tell you now that this won't happen.

Keep dreaming but it's not part of the world elite's plans. America will self-destruct through its constant war machinery. It's become a virus on the planet - that's why I have no compassion whatsoever for what's happening in the Gulf with the BP oil leak.

Call it karma but this is what happens when a 'nation's' greed is running the show & is exemplary of the US's deliberate exploitation & letting it happen.

Obomber 'agreed' to allow BP to exploit the ocean before screaming at the 'damage' the way he always does - faggot that he is. America's relentless hunting & greed for oil (to ensure the "American way of life" based on nothing but hot air & no substance) & resources at the expense of other people's survival, their right for a dignified existence is finally hitting its own shores.

You get what you deserve.

And, if people hate my guts for this, I am more appalled at the accumulated corporate greed called "The United States" the best democ-RATS-y money can buy - which, is, as a matter of fact, a corporation, not a nation - than any oil spill could ever make up for.

The American empire is a plague & a disgrace on the face of this earth, despicable & utterly plastic. Like your CC, your Hollywood industry, your Federal Reserve & $$$&Cts & your rotten ethics & distorted morale, corrupted right into the marrow of your bones.

You do no longer know human values. Your whole mentality has been distorted by $$$$, more $$$ and more $$$. All plastic worthless pieces of paper.

America is mentally ill & psychologically destroyed. The soldiers are left outside with no support - they come back from all these horrible blood-drenched wars & all you think is that 'America' should survive solely by 'flushing' the corrupt banking industry down the toilet?

You don't even know how to live without your fake bills anymore so how can you even begin to "sign" this without having any real options?

America is too divided to ever come together as a real nation.

It's over.
 Quoting: Quartz


Damn...That's not just a simple post...
That's literature...!
applause2
Anonymous Coward
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United States
05/17/2010 03:39 PM
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Re: EURO PLUNGING: EUR=1.2234 USD

At Par, 1 euro = 1 USD, they will Peg. After they peg they will become 1's and 0's.

Your gold will be outlawed and

all transactions will be taxed.
Quartz

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Luxembourg
05/17/2010 03:39 PM
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Re: EURO PLUNGING: EUR=1.2234 USD
Hmmm, if the Germans pulled all the undeclared money out of Luxembourg you would end up on the fields again harvesting your carrots and what not!
 Quoting: Anonymous Coward 970856

You missed that I have converted my €uro tra$h into CHFs. Before it goes completely south.

LOL @ the Lux Jibe that's told you Luxy Boy!
 Quoting: Anonymous Coward 970856

Darling, I'm a woman.
Anonymous Coward
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United Kingdom
05/17/2010 03:42 PM
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Re: EURO PLUNGING: EUR=1.2234 USD
[link to www.dailymail.co.uk]

Labour's gross mismanagement of the economy was laid bare today after it was revealed a former minister left his successor a note that said 'there was no money left'.
In a stark message left in a Treasury desk, outgoing chief secretary to the Treasury Liam Byrne wrote simply: 'I'm afraid to tell you there's no money left.'
His astonishing admission came as George Osborne announced that he will deliver his first emergency Budget on June 22, exactly six weeks after the new coalition Government took office.
Mr Osborne said that he would also be setting out next week details of the £6 billion of spending cuts to be made this year as latest figures from the Institute for Fiscal Studies calculated for the Guardian suggested public debt could double from £890bn to £1,790bn.

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