Into the Euro

Let's say that the Euro was at 2 to the pound. If you are in credit brilliant for every 10,000 you would get 20,000 but for a debtor, not so good your debt would be 20,000 for every 10,000.

However, devalue the pound your credit balance 10,000 would equal 10,000 but for debtor the 10,000 would equal 10,000 rather than 20,000.

So, QED if in debt, like the UKis, then to go into the Euro would be brilliant the lower the excahnge rate. Guess what the UK is hugely in debt so what would you do.

Answers on a postcard, but anybody care to disagree Nick, go on put it in writing. Funnily enough I don't expect too many actually having the guts to dent me.