Quote:
Originally Posted by Osem
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".....  |
Yes definitely if financial confidence goes then as you say the domino effect could then effect us all even though we are not in the Euro.
http://news.bbc.co.uk/1/hi/business/8508136.stm