Euro has gone to 5hit...

The selloff took hold after the European commission president warned that the crisis in the eurozone was threatening to engulf Italy and Spain. Fears over the health of the global economy, and predictions that America could slide back into recession, also helped to drive the latest bout of heavy selling.

Italy and Spain are fked...

Thats Sneijder to Utd done then, Cesc probably wont join Barca now...

It means no more Madrid handouts from the banks and Barcas loss leader financial clusterfcuk getting worse as we speak

Madrid doesn't need any banks, Ronaldos shirt sales functions even better than any sort of loans banks offers. And they aren't even loans.

Closed at 1.42 today. Higher than 2 days ago? What's the problem?

lol at cyberman bringer of doom and destruction

St_Nick09_of_Goal wrote:lol at cyberman bringer of doom and destruction

Nah, let him finish i think he's on to something here

Shit.

Does that mean Messi is for sale?

This should solve Sneijders wage demands for his move to us

This fks up AC Milan as well, no way can Italy need a bailout yet Berlusconi is seen pumping millions into Milan

FYI madrids shirt sales have a ridiculous production cost since its in house
Utd have a deal with Nike where we sell them our name and they keep all the merch profit, were renewing that as Utd see no value in changing models.

Spain in trouble means higher production costs and less money to for fans to pay for shirts

Is the deck of cards in Italy and Spain crashing down? The Santos president was right lol
Maybe theyll make a bid for CR7 now...

Indeed we are doomed.Most of our players were bought with Berlusconi's own money like robinho and ibra.We might have to sell some players if things get ugly...

poor man's huntsman

I was a rich mans huntsman, then i exchanged my pounds for some spanish controlled euros and now....yes...

im now a poor mans huntsman,

cyberman wrote:I was a rich mans huntsman, then i exchanged my pounds for some spanish controlled euros and now....yes...

im now a poor mans huntsman,

LOL.

So im confused though....I understand how it makes it more likely to sell

But how does this solve the problem with his wage demands?

i Guess the pound going higher than the euro?

St_Nick09_of_Goal wrote:i Guess the pound going higher than the euro?

Always has.

we're probably gonna re-invest the sneijder money in tevez or something though (equally high wages). and didn't barca just pay like 40m for sanchez

economy 101: currency value does not reflect the strength of the economy
for example Kuwait has the most expensive currency (3.3 dollars for dinar) but sure as hell they aint the best economy in the world, they're not even top 20

for the Euro, pricing higher is a problem since there product will be more expensive for non euro countries to buy

how that effects foodball ? well Berlusconi just lost 500 Million euros in a law suit so he might tighten up the belt, Inter debt problem has made them quiet in the market for the second strait season.

English teams are also not imune to the problem, they are the most in debt teams in europe and have to pay hug amounts for Interest, any dip in the merchandise sales or match day revenues and they'll be in deep shit

you also have to understand that no country inside the euro zone is safe, a collapse in italy or spain will effect the english as well, even a collapse in the states will effect europe and the rest of the world

Fail

I've got little idea what sort of implications a struggling economy will have on football, but the whole global economy is sinking deeper as we speak. Shares plunging down hard for the 2nd or 3rd day in a row, Eurozone is fckd - some countries more than others - the U.S. isn't getting anywhere with their economy and a double dip recession is looking likelier every day.

whys it a fail?

Italy and Spain arent in the 5hit because of the euro currency, the euro currency is in trouble because of the spanish and Italian economy .

I think bailouts is an excellent indicator as to the state of their relative economies lol, and Italy and Spain are about to break out their begging bowls

England will be affected, but nowhere near as our 2 big league rivals are facing, its common sense

look at this ffs

http://www.telegraphindia.com/1110801/jsp/business/story_14315427.jsp

cyberman wrote:The selloff took hold after the European commission president warned that the crisis in the eurozone was threatening to engulf Italy and Spain. Fears over the health of the global economy, and predictions that America could slide back into recession, also helped to drive the latest bout of heavy selling.

Italy and Spain are fked...

Thats Sneijder to Utd done then, Cesc probably wont join Barca now...

It means no more Madrid handouts from the banks and Barcas loss leader financial clusterfcuk getting worse as we speak

:lol!: :lol!: :lol!: @ you for mixing Spanish economy with Barça economy. Barça revenue continued to grow during the worst parts of the recession (2008-2010). Spanish economy is not getting worse now, the opposite. The problem is the public debt, which is important, but it's not "the whole economy"

omarish wrote:Madrid doesn't need any banks, Ronaldos shirt sales functions even better than any sort of loans banks offers. And they aren't even loans.

:lol!: :lol!: :lol!: @ you too for believing that Madrid earns substantial money from Ronaldo's shirt sales!

I already busted this myth many times, but I can do it again if you want.

We talk economics and politics here now? Nice.

*popcorn gif*