A solution to the Greek crisis

[SupremeSpod]

Its quite a large export market for us.
Also Euros will switch into Sterling making all our exports more expensive.

However, IMO, its worth it to have a jolly good laugh at those Europeans. They should have joined the Empire when they had a chance.

Nobody "joins" the empire, they are conquered and assimilated on bended knee! FFS, didn't you go to "Tyrant and Megalomaniac" lessons?

[original PM]

but I thought the uk did not have much manufacturing and as such not much in the way of exports..????

or do they really have a hankering for baked beans???

[BrilloPad]

Nobody "joins" the empire, they are conquered and assimilated on bended knee! FFS, didn't you go to "Tyrant and Megalomaniac" lessons?

Sounds like my courtship with Mrs BP.

but I thought the uk did not have much manufacturing and as such not much in the way of exports..????

or do they really have a hankering for baked beans???

https://www.cia.gov/library/publicat...k/geos/uk.html

11th in the world - $495.4 billion - US 11.4%, Germany 11.2%, Netherlands 8.5%, France 7.7%, Ireland 6.8%, Belgium 5.4%

[russell]

Its quite a large export market for us.
Also Euros will switch into Sterling making all our exports more expensive.

However, IMO, its worth it to have a jolly good laugh at those Europeans. They should have joined the Empire when they had a chance.

That's a tiny part of it, the biggest danger is the contagion effect on the banks.

[BrilloPad]

That's a tiny part of it, the biggest danger is the contagion effect on the banks.

Its a good point. UK banks are already in bad enough shape thast they cannot force non-paying mortgagues out of their houses. As it would crystalize the losses.

[original PM]

Greece does not seem to figure?????

[gingerjedi]

Greece does not seem to figure?????

I see Spain is no longer importing HP sauce and PG tips.

[petergriffin]

If Greece exit the Euro it could bring down the while financial system, hundreds of billions will be lost. I think bailing them out and ditching the tough austerity will be much cheaper. Peston has a program tonight at 9pm that is going to explain the whole thing.

Peston's program was a whole load of crap. I don't know if that geek is thick on his own or on Goldman Sucks's payroll.

Greek banks will go under, French banks will go under due to exposure to Greek banks, UK Banks will go under due to exposure to French banks

HTH

Greek, French and British have gone down already in 2008 and have been repeatedly bailed out at taxpayers' expense (ah, ok, maybe you don't pay tax in which case I apologize). In my view Greece, Portugal and Ireland defaulting would be a catastophe for the banks but a godsend for the taxpayer, whoever it is.

[Sysman]

Here's a solution:



[courtesy of Matt of The Telegraph]

[Diver]

I see Spain is no longer importing HP sauce and PG tips.

Just CHAVS, Lager Louts and pensioners these days and this does little for the trade deficit