For The Future Of The Euro

   Divide things up a bit - The euro is not affected by what happens to a larger company. Yes, it's important, but it's not that important. Americans often slap foreign carmakers to protect their home production, and there was a big power struggle at VW, most likely even one of the owners betrayed them ... this will be resolved like the Siemens scandal or BP in about 1 year, and people will not buy fewer cars because of it - it is not, after all, an important issue for the consumer's life such as the accusations about Toyota pedals (false, by the way). The Japanese, on the other hand, have been periodically hit by Americans with such "scandals" since the 1980s, not to mention how much tin they have eaten and still exist. The problems with the Euro are deeper. Greece is a concern, from which we bought peace of mind for another 2 years, but most likely after 2 years they will be spit out if the weather is favorable. It just obviously takes those years to stabilize the really important economies of Spain and Italy. We have a two-speed Europe and that is the problem, but in time it will be solved - it is only a matter of time before Germany goes through a period of crisis, Italy and Spain get better and things get better. Ireland is already on its feet and even Portugal is well on its way. What worries me more is France, which refuses to make reforms, but they are stable for now, and the elections can bring about change. A good period is coming for Bulgaria. We have managed to restructure the economy again in our crisis, and we will typically rise, and then boom at a higher level than before. The next 5 years, however, we will be in Rise and most likely in the Boom phase, which only God knows how long it will last. The good thing about our economy is that it is linked to the cheap euro - this makes our goods profitable both for the Eurozone and abroad. If we were pegged to the dollar, there would be a problem, but that's great for us. Greece is not an important economy - it will save the banks that are important, of course, Spain will get out and Europe as a whole, and then Greece will be restarted with a drachma. . It will be difficult for them for 5 years and they will recover - we have gone through worse and I do not understand why they scream so much and make such dramas. There will be a Euro, but not for them. Bulgaria and other countries like it will most likely give up the Euro, but not Schengen. The cancellation will not be direct, but with a postponement for an unknown period of time. The biggest threat to the world economy at the moment does not come from the Eurozone, but from China. Like the Tiger States, the Chinese economy is starting to cool down, the BRICS countries have not lived up to the world's expectations for them. Wars are coming, which will revive the economies as a whole - war always means economic recovery. The United States, for example, without WWII, would never be the force it is today. The war becomes very probable in conditions like today's, which will bring very high economic growth for the countries that are fighting on foreign territory. For Bulgaria in particular, there are risks (China) but also very positive chances - many European manufacturers are already willing to move their factories to Eastern Europe, because China is expensive for them, and transport, corruption and other problems are already driving them from there, separately have human rights problems and possible fines for child labor and poor conditions in general. Separately, Bulgaria has managed to clear its agricultural land and is suitable for new sectors with high added value such as organic production, animal husbandry - we have still unexplored resources, but also a lot of untapped human potential. We lack capital, and with the current development such will be released and will look for new directions. It is up to us whether we will be able to attract these capital flows or not. In short - an interesting situation, but not tragic or who knows how risky. However, I expect a cooling in Germany soon, and it is possible that political changes will take place there, which may be positive for Europe, even in economic terms. Specifically for the Euro - I think the worst is over. It will stabilize at these levels or a little lower, but I do not expect shocks. The euro has a future because there is no way out of it - that is the situation. I wonder what will happen to Britain. They are booming at the moment, but quite fragile and not making reforms. There is no talk about it, but more than half of their GDP depends on the financial sector, and it will go into a deep crisis because of the problems with China and the BRICS countries in general. Britain has failed to restructure its economy and get a healthier mix, bring industry back to the country, for example, and they will suffer in the medium term, and in the long run it will calm down - if the financial sector weakens, it will drag them down very quickly. I would not keep money in pounds and gold, which has already lost 30-50% of its value, and oil is not for comment at all. In general, the resource market has collapsed and even the price of coffee has halved ... the conflict in Ukraine no longer plays a role and there is also a lot of grain. It will be interesting by the end of the year on all exchanges, and DAX will stabilize at 9000 points, but will not fall below whatever happens to VW and the German economy in the future, which is actually a good level and at least 1100 points better than before the crisis and the ensuing boom, at least in Germany. However, China can pull everyone in, but maybe the war will make up for that - interesting, very interesting.

   If the euro goes down, Bulgarian goods will become cheaper abroad and this could have a positive effect on exports.

   n1, you are greatly mistaken! As always, by the way!

   I think carmakers deserve it. More and more are artificially reducing the life of engines, spare parts are becoming more expensive and cars more and more shoddy. A Mercedes manufactured 30 years ago can easily drive a million kilometers without major repairs. Today's costs are 300,000, but I don't even need them to go bankrupt.

   For about 3-4 years we have been oriented for the same reasons to invest in real estate, plots or built-up areas. We are not in Bulgaria. From now on, one has to adjust one's investment to the political situation in the country, to climate change, to monitor the forecasts for at least the next 5 years and to act with great prudence. This, no matter what type of investment we are talking about, even a small food business. goods must comply with these changes. Money is no longer kept in the bank, but not at home either. It is better to "spin" in something. We are seriously preparing a home with all the amenities for withdrawal from society. Maximum discreet and maximum solitude. It goes to a very ... very bad situation. We read and learn at the time of land cultivation, just in case, for our own consumption if necessary. And I was the most optimistic,

   I have a different view of the "humanitarian crisis". I see hundreds of thousands working in factories, below the minimum wage, without rights, for fear of deportation to their devastated countries. This will be good for business, and I believe that if we can do it, like people, we will have long-term economic benefits.

   4 - Dude, take it seriously. Which car brand they care about, what happens to their products in the tertiary market, after 25 years. Every solvent person rarely drives a car for more than 4-5 years, after which he takes the new model ... well, because it is new.

   "It's better to" spin "in something." - I've heard this since I was 30 and to this day I never understand what this spin is. Some people keep talking about it, and I keep watching them, walking in cheap shoes and living in two-room panels.

   H 8, you're right, at the moment I'm right in my one-bedroom apartment, although it's not a panel. And for the cheap shoes you are right, in fact they are flip flops, because THIS apartment of mine is on a sunny island, where I don't even need shoes. And what can I tell you, that's how I am, with the cheap flip-flops, whether in this apartment or another ... well, I "turn" them, but I don't usually speak, and here I didn't mean to get involved in general, because I know, although , I answer directly to the author, there are always those without an apartment and without shoes, but with a lot of wisdom for "giving". Cheers!