National finance problems
Dec 27th 2009, 1:31 am
#1
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National finance problems
I noticed that an article in the Sunday Times (last weeks) stated that the PIIG countries will be next to announce an inability to repay national debts.
PIIG = Portugal, Italy, Ireland, Greece.
Greece is already in big problems and is to seek IMF assistance.
PIIG = Portugal, Italy, Ireland, Greece.
Greece is already in big problems and is to seek IMF assistance.
Dec 27th 2009, 12:02 pm
#2
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Location: Devon, UK
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Re: National finance problems
I also read the article and, although not being a religious person, it reminded me of Matthew 7:3-5. This passage of the Bible is, sadly, a very common characteristic of British media when dealing with foreign affairs. Cheers!
AP
AP
)))
Dec 27th 2009, 11:55 pm
#4
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Re: National finance problems
PIGS
Substitute Spain for Italy in the list of countries near to collapse.
regards
Substitute Spain for Italy in the list of countries near to collapse.
regards
Dec 28th 2009, 1:09 am
#5
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Location: Devon, UK
Posts: 21
Re: National finance problems
At the same time, the same periodical publishes this. What amazes me is that the last couple of years weren't enough to show these people that their financial tools and processes are a complete failure. They are worse predicting financial outcomes than the MetOffice is predicting the weather.
And the fact that they continue to use derogatory expressions like "PIGS" also means that they still think that are able to see the world from the top of their ivory towers...
AP
And the fact that they continue to use derogatory expressions like "PIGS" also means that they still think that are able to see the world from the top of their ivory towers...
AP
