Doomed! - The worst shock to the European economy is yet to happen

[sasguru]

Let's face it. Greece cannot pay back its debts without growth and rather than growing it has contracted by 25% in the last 5 years. Depression stylee figures.
So the question is what happens next and when.
And waiting in the wings are Spain, Portugal and Italy.

I don't know what will happen but I am convinced the biggest shock is yet to come, simply because Greece is bust and absolutely nothing can change that.

[Robinho]

We're nowhere near rock bottom, that should be fairly obvious.

[DodgyAgent]

We're nowhere near rock bottom, that should be fairly obvious.

Have you applied for the Bank of England governor job yet?

[suityou01]

Let's face it. Greece cannot pay back its debts without growth and rather than growing it has contracted by 25% in the last 5 years. Depression stylee figures.
So the question is what happens next and when.
And waiting in the wings are Spain, Portugal and Italy.

I don't know what will happen but I am convinced the biggest shock is yet to come, simply because Greece is bust and absolutely nothing can change that.

Nothing new here. Why such a pointless post? Anyone spice it up with some facts, graphs etc?

[alreadypacked]

Let's face it. Greece cannot pay back its debts without growth and rather than growing it has contracted by 25% in the last 5 years. Depression stylee figures.
So the question is what happens next and when.
And waiting in the wings are Spain, Portugal and Italy.

I don't know what will happen but I am convinced the biggest shock is yet to come, simply because Greece is bust and absolutely nothing can change that.

We had a depression like this in Ireland, economy reduced and reduced. Irish answer was mass emigration until the economy could support thoes that were left. Same is happening in Spain, they are arriving in Ireland at the moment, lots going to South America I have been told.

Greeks have two option, get out or stay and fight. Stay and fight requires an idology to follow, communisum and any current politics has failed. Unless something new turns up

[suityou01]

Here you go

London: Britain’s Business Secretary Vince Cable has warned that Europe could be plunged into war if the eurozone crisis results in the collapse of the currency

[sasguru]

Have you applied for the Bank of England governor job yet?

He did, but was declined on the grounds that, in spite of his obvious genius, he was too short and wouldn't llok good in pictures with other central bankers.

[Robinho]

Here you go

London: Britain’s Business Secretary Vince Cable has warned that Europe could be plunged into war if the eurozone crisis results in the collapse of the currency

Poor Vince, he still believes in the Euro.

[suityou01]

He did, but was declined on the grounds that, in spite of his obvious genius, he was too short and wouldn't llok good in pictures with other central bankers.

ok can someone hand the Sasguru login back to MF please, this is tedious.

[eek]

Here you go

London: Britain’s Business Secretary Vince Cable has warned that Europe could be plunged into war if the eurozone crisis results in the collapse of the currency

but that was in response to the EU getting the nobel peace price last Friday.

As was stated before nothing new, nothing to see here.