Re: Eurozone failure?
 

wasnt that Tom Cruise ??

thought Brown was the Martian leader
:confused:

Re: Eurozone failure?
 

Getting back to the Eurozone there were some TV interviews this morning with ppl living in Greece.

It seems the whole attitude of this fairly relaxed easy going Nation is being transformed with the stress and worry of unpaid bills and debt.
Disputes and arguements between previously convivial folk are now every day occurances, possibly as a result of some being much harder hit than others.

Let's just hope and pray it doesn't get that bad in Spain.

Re: Eurozone failure?
 

I was following the Greek news today and wondered at the pointless rioting until I heard that public (state) pensions had been cut by 20%.

Now what if that happened in the UK, as it easily could?

Re: Eurozone failure?
 

but don't their pensions click in at 55 ??

Re: Eurozone failure?
 

It could even be at 50, but does it matter? Greece needs to borrow eight billion in October just to pay its people, and it may not get it,

If a country goes bankrupt, nobody gets paid. We're not immune in the UK, just slightly better off than Greece.

Re: Eurozone failure?
 

I don't know where the people think the money is going to come from, if it isnt there, it isnt there.

it is all a house of cards.

was listening on R4 to a guy from Argentina that was involved in their going bust a few years ago - must read up on that..........

Re: Eurozone failure?
 

The lessons from history are already there. Germany printed its own money in the past, just as the UK and the US are doing right now. It cost thousands of Reichmarks just to buy a loaf of bread, and a week's wages to buy butter to put on the bread.

And after that . . .

Re: Eurozone failure?
 

wheelbarrow manufacturers retired early after having made a fortune.

Re: Eurozone failure?
 

Attachment 103143
just like that !

Re: Eurozone failure?
 

Christ, they've even wheeled out the leader of the World Bank, he's on all the English news channels right now, nervously sipping water while he tries to steady the markets. I don't think they're listening.

Re: Eurozone failure?
 

then just shoot the people who are doing the rabble rousing,
such things cannot be resolved overnight or by you lending me a fiver to clear my debts
these things take time, time, time.
a country and its economoy are like a supertanker, turning circle of 5miles and stopping distance of 4 miles.

this sounds like another Black Wednesday moment when George Soros made billions out of speculating on the movement of the £.
these cretins will bet on anything if they can make a profit but they are gambling with other people's lives - just like playing russian roulette but asking someone else to put the gun to their head.

Re: Eurozone failure?
 

The only ones who won't feel the pinch are those on state benefits.

Re: Eurozone failure?
 

I think this says it all, coupled with the fact that hardly anyone seems to pay taxes, just loads of bungs flying around everywhere. We complain that we have too many civil servants, seemingly Greece has six times as many, per head of population.

Re: Eurozone failure?
 

If Greece has only the same services as the UK then that is shocking.

However, its possible for a large civil service to be very productive, for example if the utilities are state owned (as they should be imo) rather than private. Some countries still have state owned mines, steelworks, agriculture, banks etc and Southern European countries tend to be more socialist than up North.

Not saying this is the case with Greece though, but just a note that privatising everything isnt the answer, in fact it is part of the problem of this whole crisis!

Re: Eurozone failure?
 

no because they are already numb from being pinched