rafikiphoto

http://www.bbc.co.uk/news/business-18438044

bobd22

Don't worry the EU Ministers have a plan????

agoreira

Ah that´s alright then, they have all worked so well so far!

Fredbargate

They also have Offshore bank accounts in numerous jurisdictions

rafikiphoto

In last weeks 'Have I Got News For You' when Kirsty Young asked 'What has happened in the Eurozone this week?' Paul Merton hit the nail on the head with: 'More of the same!'. Spot on.

jackytoo

At 7% Spain will have to borrow just to pay the interest rate

rafikiphoto

Yes, and not only Spain. I posted elsewhere a quote from Moneycorp's Daily Briefing that Italy will have to contribute about a fifth of Spain's 100bn€ 'loan'. Italy will have to borrow that money at 6% to lend to Spain at 3-4%! This Eurozone is going to bring down the world! Forget about terrorism these Euro bods will do a much better job of it!

Pecora Nera

Is that true? Barking mad

rafikiphoto

Bottom of third paragraph...

http://link.coremotivesmarketing.com...28d4decdc09c23

Barking mad? Yes, that's the Eurozone for you

Pecora Nera

Mad,

they will put up the price of petrol again and again..

rafikiphoto

We'll all be lucky if there is any fuel to buy!

amideislas

Just a year ago, I seem to remember anyone making these kinds of predictions being labeled some sort of wacko-right-wing-racist-Euro-skeptic-troll. Funny, now, it's all a foregone conclusion.

Wow, what a difference a year makes.

rafikiphoto

We have had plenty of experience of shortages in a bankrupt country. We lived in Tanzania in the early eighties when benign socialist President Julius Nyrere was inflicting his social experiment on the population. No food in shops, no fuel in service stations, beer very hard to come by (I was lucky, I worked for the Brewery ), potholes a metre deep in the roads in the towns. Everyone carried wads of currency with them. So if you saw a queue you joined it. When you got to the counter you bought as much as they would sell you. If it was too much for your needs you could sell it on to friends at the club. Fortunately we were able to get hunting licenses so we could get some meat now and again. We survived by going to local markets for all the basics. Strangely it was one of the happiest times of our lives.

And then there was Uganda - pre Museveni!

Oh, and Zambia under Kaunda...

Oh and the currency black market!!!

Oh and then Nyrere's crackdown on hoarders - one guy was arrested for having a box of a dozen golf balls! I had over £1000 in notes I wasn't allowed to have. I was bricking it for a while. Those guys were serious, if extremely misguided!

rugbymatt

Slightly off topic but along the same lines, I heard today through a Landshare scheme I am involved with that Greek farmers are renting out big chunks of land to citizens to grow their own food. Now, I know the horror story is that the Greek people are suffering shortages but for me this is a blessing that unfortunately greedy, gadget hungry Britain will never listen to, its a reconnection with the land, a re engagement with who we are and where we come from and I for one hope it sweeps Europe. Even busy people gan grow their own food but Europe is so addicted to consumerism that this crisis will never be over.

rafikiphoto

Now that's something I've been meaning to do - buy a selection of vegetable seeds. We have a small plot next to our house where I park the car. There is just short of 100 sq metres that I need to dig and start planting.