The 60 Bn the PBR didn't mention...

[Scary]

Yes, but when it all goes tits-up, a Euro will cost about £100, so they will get flip all back.

1. Build up enormous debt.
2. Go bust.
3. Destroy your currency.
4. Join the Euro.


Result, your debt is now tiny, sorted!

You think there'll still be a Euro? Germany is going to bail out Greece, Spain, Portugal, Ireland etc? The Eurozone is still deferring its crisis.

[ThomasSoerensen]

Yes, but when it all goes tits-up, a Euro will cost about £100, so they will get flip all back.

1. Build up enormous debt.
2. Go bust.
3. Destroy your currency.
4. Apply to Join the Euro.
5. Hope old creditors will let you join the good club
6. Run country on a balanced for the next 25 years.


Result, your debt is now tiny, sorted!

Fixed that for you

[milanbenes]

Thomas,

how are things looking for you at Chocolate factory.

Milan.

[TimberWolf]

So what's a safer bet in the short term (a year or two) Sterling or Euro's?

[DimPrawn]

So what's a safer bet in the short term (a year or two) Sterling or Euro's?

Short term both will be fine.

Longer term, sterling is going to go kapput, so Euro is safer.

IMHO.

[milanbenes]

that's why Dim sold all his Euros before the first devaluation of the £



Milan.

[DimPrawn]

that's why Dim sold all his Euros before the first devaluation of the £



Milan.

Hindsight is a wonderful thing.

[AtW]

Hindsight is a wonderful thing.

Diversification and hedging ....

[Scary]

So what's a safer bet in the short term (a year or two) Sterling or Euro's?

Sterling (well not really sterling silver, but normal silver bullion).

[Andy2]

that's why Dim sold all his Euros before the first devaluation of the £



Milan.

and bought shedload of gold at the peak price of $1200