UK's AAA credit rating threatened by 'formidable challenges'

[doodab]

I'm in. We should draw up an itinerary.

[eek]

I'm in. We should draw up an itinerary.

Any german theme based stag parties we could attach him to.

[TimberWolf]

Public transport will be an eye-opener.

[AtW]

What about roads - do German local councils fix potholes quickly? After last winter here in a locality where local leader of the council lives it took like 5-6 months to fix potholes in central road.

[TimberWolf]

Public transport will be an eye-opener.

As would a German sauna

[Doggy Styles]

Oh dear...

Debt crisis: live - Telegraph

If you'd carried on reading that article instead of leaping to put the headline in front of us, you'll see that Moody's reaffirmed the UK's sovereign rating but said: "the country's large budget deficit, slow growth and euro area exposure have reduced its "ability to absorb further shocks without rating implications". "

Moody's go on to say that: "Risks emanating from the euro area are further complicating matters. However, the competitive economy, strong institutions such as the Bank of England, and ability to control monetary policy all set the UK apart from the Continent. You must have missed that.

I'm not laughing at the situation however. Everyone is suffering thanks to the failure of the eurozone and inability of its members to run the finances of a whelk stall.

[Arturo Bassick]

As would a German sauna

FKK all the way!

[DodgyAgent]

It seems that my rather extreme metaphor has stirred up exactly the group I wanted to stir up (let us call it for simplicity the "CUK Collaborator group"). Following through with the logic of the comments I think it is reasonable to assume that had we given way to the Germans in WW2 we would now be part of a greater Germany living the high life ? I rather think that had we allowed Germany to run our economy (and therefore our country) we would have been a slave country producing cheap food and goods in order to embellish the lifestyle of the Germans. Or am I wrong?

[sasguru]

If you'd carried on reading that article instead of leaping to put the headline in front of us, you'll see that Moody's reaffirmed the UK's sovereign rating but said: "the country's large budget deficit, slow growth and euro area exposure have reduced its "ability to absorb further shocks without rating implications". "

Moody's go on to say that: "Risks emanating from the euro area are further complicating matters. However, the competitive economy, strong institutions such as the Bank of England, and ability to control monetary policy all set the UK apart from the Continent. You must have missed that.

I'm not laughing at the situation however. Everyone is suffering thanks to the failure of the eurozone and inability of its members to run the finances of a whelk stall.

Quite. And the reason why France is in more doo-doo than we are is that its banks are far more exposed to Greek debt, while the French fiscal and monetary position does not let it recapitalise the banks should it need to do so.

[TimberWolf]

It seems that my rather extreme metaphor has stirred up exactly the group I wanted to stir up (let us call it for simplicity the "CUK Collaborator group"). Following through with the logic of the comments I think it is reasonable to assume that had we given way to the Germans in WW2 we would now be part of a greater Germany living the high life ? I rather think that had we allowed Germany to run our economy (and therefore our country) we would have been a slave country producing cheap food and goods in order to embellish the lifestyle of the Germans. Or am I wrong?

What's the point in continuing World War II when we've been invaded by millions of Polish, anyone else from Europe can come here and unlimited Bobs are welcome too? For us, the var ist over mein Freund.