Greek debt

[Jog On]

If 3 go down, wouldn't that bring the others tumbling after? The premise being that richer economies borrow money at say 3% and lend to poorer ones at say 8% or so and rising, which is a neat trick if you can get away with it, and in the case of defaults, not only don't the richer economies get their loovely interest payments, but their original money is gone and they still have to pay back their own debt, perhaps with increased interest rates too.

Makes sense. perhaps the EURO will fall apart as well - we'll have to wait and see.

[Mason Boyne]

One thing is for certain, there's someone out there make f*qloads of money on this. I don't mean DimPrawn either, think DimPrawn * DimPrawn * DimPrawn * DimPrawn.

They're ******* about with countries and it will end in tears.

[Doggy Styles]

"As I understand it, this is the situation we are in:

The next 20 years will be nothing like the last 50, which have seen an ever-increasing level of wealth and prosperity in the capitalist West."

At least HMG have kicked off those 20 years in the UK by starting to do something about it.

Which I'd have thought is better than putting it off and making it worse.

It's a pity that the EU doesn't give the same lead, instead of trying to up their (unauditable) budget by 9% next year.