So what does everyone think about the current Greek crisis?  Scary times that could spill over to the rest of us, or do you think this will remain a mainly Eurozone problem? Interesting league table of countries exposed to Greeks debt below at the bottom of the BBC article, France and Germany expecting to have the biggest impact, but still potential fall out for the UK and US. BBC News - Greece: Eurozone ministers delay decision on vital loan
Well there is a lot of press about Greece but I actually think that the bigger problem is the US - its economy is running on borrowed money and there is very little sign of real attempts to reign it in - its also probably 1,000's of times the size of Greece. That said - best thing is for Greece to go bust - like Argentina did in the 1980's get all the pain out of the way - bring their debts down to a manageable level and move on. All these attempts to lend them ever more and more is only going to prolong the problem. highlandspring
“That said - best thing is for Greece to go bust - like Argentina did in the 1980's get all the pain out of the way - bring their debts down to a manageable level and move on.” I guess everyone is scared of any associated fall out if they did go bust, as most of the world seems a bit wobbly at the moment
Phew close call then for Greece... The Greek government has won a critical vote of confidence as it struggles to win support for extra austerity measures and avoid a debt default. Prime Minister George Papandreou's new cabinet was approved in parliament by 155 votes to 143, with two abstentions. MPs will now be asked to approve 28bn euros (
yeah, it's quite a bad situation and like Steve said, The whole world is in a pretty bad state at the moment I hope their economy recovers after that.  mainly because it's a very nice country and I would love to holiday there  and 155 to 143? close ! |
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