The stupid German leadership ...

[BlasterBates]

I find it amusing how in the UK they talk about it being a Euro problem and then fret about it.
If this is a Euro problem why does the UK have to fret, they aren't in the Euro?

[AtW]

The Germans and French created this mess by creating a currency that was unfit for purpose. France can't fix it.

Can you fit it?

[sasguru]

I find it amusing how in the UK they talk about it being a Euro problem and then fret about it.
If this is a Euro problem why does the UK have to fret, they aren't in the Euro?

This question just demonstrates how really cretinous you are.

[BlasterBates]

This question just demonstrates how really cretinous you are.

Could it be because this isn't a Euro crisis at all, but a debt crisis?

Would have happened anyway, the West's debt has been increasing for the last 20 years, that it would come to a head was simply inevtiable.

The Eurozone will sort it's debts out now, because they're peering into the abyss, but the UK won't, not when Labour get back in. The Uk has "control" of it's destiny, which basically means it has carte blanche to drive up inflation, wipe out everybody's savings, and spend spend spend until they're finally driven into bankruptcy.

[Paddy]

If the world wanted to be saved, everyone would chip in. Why do the Germans have to try to conquer Europe single handedly again?

[sasguru]

Could it be because this isn't a Euro crisis at all, but a debt crisis?

Would have happened anyway, the West's debt has been increasing for the last 20 years, that it would come to a head was simply inevtiable.

The Eurozone will sort it's debts out now, but the UK won't, not when Labour get back in.

You're levels of magnitude worse than AtW when it comes to economics ( or anything else I suspect since you simply don't have the intellectual firepower to analyse anything).

As Greek debt is denominated in Euros, mainly lent by French banks, this becomes a Euro crisis. As is the debt held by the other PIIGS.

Labour won't be relelected, Ed Milliband has taken them leftward and no one trusts him, not even the unions.

The UK has a track record of implementing radical economic change, EUroland hasn't

[amcdonald]

Can you fit it?

No but Bob the polish builder can probably bodge it if you pay cash in hand

[Doggy Styles]

Could it be because this isn't a Euro crisis at all, but a debt crisis?

Would have happened anyway, the West's debt has been increasing for the last 20 years, that it would come to a head was simply inevtiable.

The Eurozone will sort it's debts out now, because they're peering into the abyss, but the UK won't, not when Labour get back in. The Uk has "control" of it's destiny, which basically means it has carte blanche to drive up inflation, wipe out everybody's savings, and spend spend spend until they're finally driven into bankruptcy.

Blaster, you are right, there is a wider debt crisis. That is why the UK has elected a new government to put its own house in order.

However, the euro crisis is more serious that ours for at least two reasons.

1. A member nation of the eurozone finds it very difficult to correct its own problems because its primary currency is out of its hands.

2. Nations can be tempted to abrogate their budgetary responsibilities secure in the knowledge that someone else in the eurozone must pick up the tab, such as French banks and German taxpayers.

[TimberWolf]

I've heard reports of it getting ugly in Greece. Maybe some there are still doing well (high public sector salary, early retirement, regular strikes, etc) while others are feeling the brunt. Anyway, the latter can all move over here to Blighty, and we aren't even in the Euro.

[Mich the Tester]

I've heard reports of it getting ugly in Greece. Maybe some there are still doing well (high public sector salary, early retirement, regular strikes, etc) while others are feeling the brunt. Anyway, the latter can all move over here to Blighty, and we aren't even in the Euro.

NOOOO!!!!!

Send them to Holland and they can improve the service in restaurants!