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Location: United Kingdom

Saturday, 24 April 2010

CAN THE EURO SURVIVE GREEK UNORTHODOXY?

Of course the Euro cannot survive this mammoth crisis. This won't stop Brussels, however, from wasting a mountain of cash in it's support, trying to give the impression that everything in the financial garden is rosy. The 40billion + loan may only be the tip of the iceberg, we then have to consider the other member nations in trouble, Spain/Portugal/Ireland/Italy, to name the obvious ones.

When politicians refer to the global economic problems, they have a point; unfortunately they omit to explain that we didn't have to join in. We have witnessed the same problem at a personal level; individuals spending beyond their means, then blaming the banks/credit card companies for allowing us excessive credit. People have the choice of refusal. Money lending is a service, along with many other things, which is useful but best not to be abused. Unfortunately, nations have been adopting the same attitude over recent years; not only the aforementioned, but also Great Britain.

Don't expect some kind of Trojan horse ending; this is going to run and run.



JUST ANOTHER GREEK TRAGEDY.

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