Bradybunch
16-06-2011, 10:48
I previously posted a thread on the Euro asking for peoples opinions which was on the old forum. It prompted an interesting debate so I was going to re-post it but have changed it slightly to fit in with current events.
So we are bit further through the recession, apparently we have another 3 years of this pain according to Sir Mervyn King.
The Greeks are protesting at the new austerity measures put in place by their government and the Irish are pelting their bankers with eggs at share holder meetings. Portugal seems to have gone very quiet at the moment probably due to it being in the middle of the tourism season.
However, Economists are suggesting that these countries should just throw in the towel and default on the loans which is worrying considering the UK are set to bail out Greece for a second time.
So our Electricity and Gas Prices are going up AGAIN, Food prices have become ridiculous and are set to continue to rise along with inflation being twice the amount that Sir Mervyn King wants.
The country has no money but we always manage to find some to bail other countries out and I cant help but think maybe we should have taken on the Euro and then maybe we could have been bailed out instead of bailing out everyone else?
What do you think?:poke::poke::poke:
So we are bit further through the recession, apparently we have another 3 years of this pain according to Sir Mervyn King.
The Greeks are protesting at the new austerity measures put in place by their government and the Irish are pelting their bankers with eggs at share holder meetings. Portugal seems to have gone very quiet at the moment probably due to it being in the middle of the tourism season.
However, Economists are suggesting that these countries should just throw in the towel and default on the loans which is worrying considering the UK are set to bail out Greece for a second time.
So our Electricity and Gas Prices are going up AGAIN, Food prices have become ridiculous and are set to continue to rise along with inflation being twice the amount that Sir Mervyn King wants.
The country has no money but we always manage to find some to bail other countries out and I cant help but think maybe we should have taken on the Euro and then maybe we could have been bailed out instead of bailing out everyone else?
What do you think?:poke::poke::poke: