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Thread Statistics | Show CCP posts - 2 post(s) |
Othran
Brutor Tribe
Minmatar Republic
174
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Posted - 2012.04.14 10:41:00 -
[1] - Quote
UK players have been paying more than Euro players for the best part of a decade, so **** off with the "racist" crap.
CCP made UK players pay in Euros simply because that was in their interests - they bet that the Euro would be proportionally stronger than sterling.
Now they're betting that sterling will be proportionally stronger than the Euro.
Frankly that's a no-brainer as the Euro is going down the toilet this year - don't kid yourselves, things are going to be MUCH worse than last year. ECB has thrown over a trillion Euros away by trying to maintain a currency which cannot work unless there is complete political union. German taxpayers (although most are unaware of this) have committed nearly 500 BILLION Euros to firefighting the impossible and they're NEVER going to see that repaid. However that's fair enough in my book as it was the criminal behaviour of the Landesbanks (banking all those state funds in Ireland then demanding the Irish people bail out German state banks) which triggered the Euro crisis.
The Spanish banks are going to go properly bust this year and I wouldn't be at all surprised to see Spain having a revolution - 53% of all under-25s are unemployed, 60% of youth unemployed seems to be the point at which revolutions occur ("Arab Spring" for example).
Italy is a basket case - they've had useless govt for the best part of 20 years and the birthrate has fallen so low that in the next 5-10 years they will be completely unable to fund pensions or healthcare.
Greece is pretty much corrupt to the core, seems like every set of financial figures that comes from there admits to more corruption and lies, they will have to leave the Euro, no doubt about it.
Portugal is poor, always has been really. Nobody is getting money back from there.
France is heavily exposed to Greek and Italian debt, their banks will be on the brink of failing this year too.
Iceland did the right thing by telling private bondholders to go **** themselves. Hopefully Ireland will follow suit after the referendum.
tl;dr CCP would have to be clinically insane to base future revenue planning on the Euro.
Edit - the UK is a basket case too but the difference is we have the longest bonds (gilts) out of any country in Europe. Most of our debts don't need rolling over for 14 years. Spain for example has to find 300 billion in funding in the next 3 years just to rollover current debt. |
Othran
Brutor Tribe
Minmatar Republic
174
|
Posted - 2012.04.14 12:05:00 -
[2] - Quote
Pirmasis Sparagas wrote:Othran wrote:CCP would have to be clinically insane to base future revenue planning on the Euro. I agree. We should NOT pay expensive... I mean not stable Euro price. We should pay more cheaper... I mean more stable GBP, or US Dolar price
Then use someone like shattered crystal for gametime cards.
There's no way CCP is going to allow Eurozone players to pay in anything other than Euros - VAT (sales tax) is the reasoning behind that. Once you let Euro players pay in (for example) US dollars then you are going to have to increase the US dollar sub rate.
Frankly if the UK govt actually noticed CCP, they could compel CCP to pay all VAT in the UK. For those of you about to say "no they couldn't", well I'm afraid that currently you are wrong - the server, which generates pretty much ALL of CCPs revenue is in London. That makes their main business operation UK-based. They'd no doubt be able to offshore tax on profits but in terms of VAT they'd be screwed. You would have VAT on ALL subscriptions regardless of currency or country of residence.
Be careful what you wish for. |
Othran
Brutor Tribe
Minmatar Republic
175
|
Posted - 2012.04.17 14:33:00 -
[3] - Quote
Rashmika Clavain wrote:Pirmasis Sparagas wrote:
I pay in Euro, so I preserve... NOTHING
I don't mean to be harsh, but that is the irony of the Euro. Ditching your historic currency for a bit of political funny money. Gawd I am so glad we kept Pound Sterling.
Heh sterling is even more screwed than the Euro, its just going to happen a little later.
If you have a dry sense of humour you'll appreciate the following :
1) The country that owes the most (in the EU) to Spain is the UK;
2) The country that owes the most (in the EU) to the UK is France;
3) The ONLY countries who broke the Euro stability rules (apart from Greece who have lied since day 1) were France and Germany in 2003 - they didn't just break the rules, they totally ignored them. One rule for Germany & France, another for everyone else.
4) German banks are "owed" 1 trillion Euros by other EU banks.
5) The only major player in the IMF who is interested in lending Eurozone countries money is Japan, the most indebted country on the planet.
Its a mad mad world :( |
Othran
Brutor Tribe
Minmatar Republic
175
|
Posted - 2012.04.17 14:48:00 -
[4] - Quote
Pirmasis Sparagas wrote:[quote=Rashmika Clavain][quote=Pirmasis Sparagas]
My country doesn't have Euro
You have 25% VAT though and therein lies the problem with letting you pay in Crowns? Or is it krone, or is that the same thing - i forget. |
Othran
Brutor Tribe
Minmatar Republic
175
|
Posted - 2012.04.18 08:51:00 -
[5] - Quote
Pirmasis Sparagas wrote:
And UK doesn't have 25% VAT?
No, nor do most other EU countries. Denmark and Sweden are 25%, Hungary is 27%, most of the rest are around 19-23%.
While CCP charge in Euros they can pay VAT in any Eurozone country - probably Luxembourg as its only 15%.
Were they to charge in Danish Kroner they'd have to pay 25% VAT.
What they are now betting (with UK players) is that sterling will be at least 5% "stronger" than the Euro - that would mean they still make more money even though UK VAT rate is 20%. |
Othran
Brutor Tribe
Minmatar Republic
175
|
Posted - 2012.04.19 12:36:00 -
[6] - Quote
Mikal Morataya wrote:While I applaud the fact I can now pay in -ú's rather than having to convert to something else
-ú9.99 for a months subscription, yet -ú16.99 for a 30 day plex? Wut
And CCP say its not in their interest to have inflated plex in game? Yeh right
No wonder Plex is on a runaway train with pricing policies like this.
Changing the currency we sub in is about being able to do future revenue planning while minimising exposure to the ongoing trainwreck* that is the Euro.
It also helps retentions so its a win-win situation for CCP. As previously mentioned it probably does cost them slightly more in VAT
I would think PLEX is impulse buying mainly, and as such you could probably argue that its likely to be mainly unaffected. If nothing else it will give CCP the opportunity to do more bundle deals while maintaining revenue
*I note that Buba (Bundesbank) is now Gé¼646bn down the toilet in loans which have largely gone to other Euro banks via the ECB LTRO stupidity. Spanish banks have gobbled up nearly Gé¼400bn in ECB loans in the last 6 weeks just to remain viable. Merkel may want to maintain the Euro but Buba look like they've had enough and are trying to precipitate a breakup of the Euro. When Jens Weidmann (head of Buba) comes out with comments like he did yesterday (tl;dr Spain and Italy are on their own - no more money from Buba to ECB) then you have to wonder whether Buba is going to trigger another court case in Germany to have the "loans" declared illegal under Basic Law. One way or another Germany won't see that money again.
The tl;dr of that little lot is the Euro looks a LOT more screwed than last week. End-game approaches and not even the Northern Eurozone countries are unscathed - Netherlands for example looks screwed on household and state debt in the middle of a collapsing property bubble. Their household debt makes UK household debt look like we're prudent 
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