The left-field threat to Europe ...

[sasguru]

Forget the PIIGS, as in life generally, its what you don't expect that finallytips the balance

[AtW]

Why won't you be more worried about what's going to happen to UK rather than far away place that you will never visit?

[Mich the Tester]

Time to introduce IQ tests for voters. Sorry to say it, but these days if you elect an idiot he won't just fook up a country, he'll fook up a whole continent or even the world. Hungary's dimwit majority (just like any other country, it has a dimwit majority) have elected a fruitloop who can hold all of Europe to ransom. Any other European country's dimwit majority could do the same.

[BrilloPad]

If they have got any sense they will do an Iceland. A few months and they can just starting borrowing again.

But things could be worse for them. They could be in the Euro.

[BrilloPad]

Why won't you be more worried about what's going to happen to UK rather than far away place that you will never visit?

UK can borrow at about 2% as opposed to 10% for Hungary.

HTH

[AtW]

UK can borrow at about 2% as opposed to 10% for Hungary.

That's because printing presses at BoE make up for slack demand, so instead of Govt paying what's due for its own mismanagement now whole population pays it in higher inflation.

[DimPrawn]

That's because printing presses at BoE make up for slack demand, so instead of Govt paying what's due for its own mismanagement now whole population pays it in higher inflation.

For once AtW is spot on.

Instead of paying yields like Italy of 7%, we've elected to make the people pay the difference through QE in the form of inflation (mostly via a dead duck currency known at the £).

[BrilloPad]

That's because printing presses at BoE make up for slack demand, so instead of Govt paying what's due for its own mismanagement now whole population pays it in higher inflation.

The old pay alot more than the young. Which seems about right.

[AtW]

For once AtW is spot on. Instead of paying yields like Italy of 7%, we've elected to make the people pay the difference through QE in the form of inflation (mostly via a dead duck currency known at the £).

The key difference is that Italy pays 7% on some bonds they sell now, where as inflation affects everything - prices won't be going down after it and index linked pay raises for public sector will increase costs even further.

[Troll]

Forget the PIIGS, as in life generally, its what you don't expect that finallytips the balance

Should we be worried about rise of the far right in Hungary ?