Eurozone will collapse... - Page 12

**Damien** · 05-11-2011, 19:56

Quote:

Originally Posted by Maggy J

Really? A vacillating PM hardly seems something to be cheerful about.

Means they will likely take the bailout, which means they don't default on their debts, which means no domino effect where banks badly exposed to Greek debt also go under. For now.

**Maggy** · 05-11-2011, 21:27

Quote:

Originally Posted by Damien

Means they will likely take the bailout, which means they don't default on their debts, which means no domino effect where banks badly exposed to Greek debt also go under. For now.

All under a PM whom doesn't seem to have much of a backbone..Not a very comforting thought.

denphone · 06-11-2011, 08:48

http://www.telegraph.co.uk/news/worl...ne-caucus.html

Quote:

Britain will be marooned inside a "permanent minority" in European Union decision making in just three years' times after rule changes kick in on member states' voting powers, according to a new report.

http://www.independent.co.uk/news/wo...t-6258010.html

Quote:

Tomorrow, the markets will start to place their bets on the likelihood of Silvio Berlusconi stopping the eurozone debt contagion spreading beyond Greece to lands that are too big to be rescued. Italy will begin, under International Monetary Fund supervision, to see if his government can rein in the spending that has already seen its debts reach 120 per cent of its entire GDP.

Quote:

Thus will the stability of the eurozone be handed into the care of Europe's flakiest leader. It was not reassuring when, even after effectively being placed on probation by the IMF, Mr Berlusconi told Italian television: "Life in Italy is good. The restaurants are full. It's difficult to get a seat on a plane they're so busy; holidays are all booked up." At least in Athens yesterday there was a genuine sense of crisis, with solemnity to match.

Talking of PMs well here is a even worse one.

Sirius · 06-11-2011, 11:41

Quote:

Originally Posted by denphone

http://www.telegraph.co.uk/news/worl...ne-caucus.html.

Good then why dont they just kick us out, Or will they lose the vast amount of money they get from us.

denphone · 06-11-2011, 17:25

Quote:

Originally Posted by Sirius

Good then why dont they just kick us out, Or will they lose the vast amount of money they get from us.

Exactly.

**Maggy** · 06-11-2011, 23:48

http://www.bbc.co.uk/news/world-europe-15614883

Quote:

Greek leaders at crisis talks in Athens have agreed to form a new national unity government, the president's office says.
Beleaguered Prime Minister George Papandreou will step aside and his successor will be chosen on Monday, the statement said.
He and main opposition leader Antonis Samaras attended Sunday's talks, hosted by President Karolos Papoulias.
The announcement follows a week of turmoil over Greece's debt crisis.

A coalition government..I wonder if that will work?

denphone · 07-11-2011, 05:27

Quote:

Originally Posted by Maggy J

http://www.bbc.co.uk/news/world-europe-15614883

A coalition government..I wonder if that will work?

Well if the experience of other coalition governments is to go by then the answer is no.

**Hugh** · 07-11-2011, 06:50

Strange you should say that - the markets think the UK Coalition Government is following the right fiscal path....

denphone · 07-11-2011, 08:45

Quote:

Originally Posted by Hugh

Strange you should say that - the markets think the UK Coalition Government is following the right fiscal path....

Ah the markets the bible and bastian of The Great Transformation.

Ignitionnet · 07-11-2011, 09:17

Coalitions come as standard in many countries with proportional representation.

Dai · 07-11-2011, 11:28

Has anyone read any Michael Lewis stuff? I'm working my way through "Boomerang - Travels in the new Third World" at the moment. He makes the financial games relatively easy to understand and thus even more frightening..