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I like the way Labour committed the UK to help pay for eurozone bail-outs just as they were leaving office.
Or rather I don't like it at all.
I was reading that Darling phoned Osborne to ask what he though of this just before he signed it, Osborne said don't commit the UK to anything, allegedly.
Don't panic....the Irish will, after much hand wringing, agree to the IMF that will put them into poverty for a generation or two, or at least until they've paid off the 80 billion (isn't that a million per head?), and we get to keep our stock portfolios intact.
If they default or leave the Euro that'll put everyone else in the "poo" as well. Will probably trigger a mass European bankruptcy
Last edited by BlasterBates; 23 November 2010, 17:30.
Don't panic....the Irish will, after much hand wringing, agree to the IMF that will put them into poverty for a generation or two, or at least until they've paid off the 80 billion (isn't that a million per head?), and we get to keep our stock portfolios intact.
If they default or leave the Euro that'll put everyone else in the "poo" as well. Will probably trigger a mass European bankruptcy
One should always read the local media, to get their perspective on events..
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