Quote:
Originally Posted by Kymmy
What happens in Greece only effects the UK because we let it. I'm all for membership of the EU but it shouldn't mean that we bail out every country who can't see the mess that they put themselves in. The EU was originally a way of lowering borders to give easier travel, commerce between member countries, sorry to say that is now overshadowed by combined legislation and also support for countries that will never be in a position to ever offer us the same support.
---------- Post added at 15:23 ---------- Previous post was at 15:15 ----------
Greek MP's have now just passed the 2nd stages of Austerity laws.. Hopefully the rioters will see that they can't stop the changes as all they're doing is damaging Greece even more.
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What happens in Greece affects us all because if it all goes pear shaped it will unduly affect what little confidence is left in the banking/financial system. Lack of confidence in financial systems ultimately leads to panic and chaos.
I too have a nasty feeling that if/when our time comes to knock on the ECB's and/or IMF's doors for a bail out they'll echo the words of Liam Byrne
and say:
Dear UK "I'm afraid to tell you there's no money left".....
