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European woes
With Greece and Ireland having received multi-billion euro-loans to bolster their economies, and amidst much concern about Portugal’s ability to cope without assistance, many fear there could be even worse to come – especially if Spain’s troubles worsen.
Economist Intelligence Unit
“The European crisis is yet another source of concern for us,” says Mr Meir, and Mr Ward agrees.“Spain is the really big one, and it is really sick as well,” he says.
“If Spain wobbles and collapses, it’ll be very bad news for everyone, not just in Europe but all over the world,” reasoning that it could result in the collapse of the euro.
“If the euro did collapse, it would make Lehman Brothers look like a tea party.“It could tip the eurozone into a depression.”
A year of austerity
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Robert Ward
ive always been anti europe
we dont need to be in it
it was there to promote trade between us all and were told if we wernt part of it it would be a disaster in trade terms
china isnt in europe but manages to sell mountains of crap to us all
the bottom line is if we make decent products at a decent price we will sell them world wide
we dont need to be part of a euro click to do this
we pump billions in to europe
we apply all their stupid laws
and what do we get from itill tell you thousands of europeans with the right to come here and take advantage of our benifit system,health service and education
lets hope europe collapses soon
we might even get back to cheap holidays in europe
more jobs for british workers and no more stupid euro lawsWell I’m not sure what the effect the collapse of the Euro would have on us, no-one knows.
Lots of people have intimated a domino effect though which means that Sterling could be the next victim some even suggesting that the mighty dollar is not immune either. Its all very scary, I think its because no-one knows what would happen makes it even scarier.
Gaz might be happy though as its a step nearer to his break down in our present social system. Who knows?
Teapot :?
I agree with Thin – we should never have joined in the first place – so much for the election – reckon it was rigged!
The UK should pull out and stand on its own – reckon it would be ok if it were brave enough!
Having said that, apparently they are thinking about merging with France now ffs! BIG mistake!
ps. now that would be interesting……………burkhas?!!!!!!
@anc wrote:
I agree with Thin – we should never have joined in the first place – so much for the election – reckon it was rigged!
The UK should pull out and stand on its own – reckon it would be ok if it were brave enough!
Having said that, apparently they are thinking about merging with France now ffs! BIG mistake!
ps. now that would be interesting……………burkhas?!!!!!!
Helping out France?
Nothing new there then!
@panda12 wrote:
@anc wrote:
I agree with Thin – we should never have joined in the first place – so much for the election – reckon it was rigged!
The UK should pull out and stand on its own – reckon it would be ok if it were brave enough!
Having said that, apparently they are thinking about merging with France now ffs! BIG mistake!
ps. now that would be interesting……………burkhas?!!!!!!
Helping out France?
Nothing new there then!
No, you should watch the news more carefully, it is mutual! Oddly enough, I tend to read the French ‘and’ the UK news!!
Barclays chairman Marcus Agius resigned (Before the shove came and he was disgraced) and also tendered his resignation as chairman of the BBA (Can’t imagine why!!!)
Mr Diamond said in a letter to staff that he would “get to the bottom” of what happened
The Serious Fraud Office (OH Dear we are deep in the doo doo’s now branch of our fragile legal system) considered whether to bring criminal charges against bankers who tried to manipulate the inter-bank lending rate (Dont think about it DO IT!!!)
Prime Minister Cameron (Who doesn’t know the price of a pint of milk) announced a parliamentary review of the banking sector (Stand by your beds for another tax funded Leveson enquiry) to be headed by the chairman of the Treasury Committee, Andrew Tyrie (Gazza’s favourite pub crawl location). The review should ensure that the UK had the “toughest and most transparent rules of any major financial sector (And on that exceedingly huge steaming pile of cow dung I shall go and sit) said Mr Cameron.Someone needs to get a grip of this financial mess and sweep it up! :lol:
Would be good if the Financial Services Authority and the Serious Fraud Office could nail these b*stards.
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