Forget the PIIGS, as in life generally, its what you don't expect that finallytips the balance
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The left-field threat to Europe ...
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Why won't you be more worried about what's going to happen to UK rather than far away place that you will never visit? -
Time to introduce IQ tests for voters. Sorry to say it, but these days if you elect an idiot he won't just fook up a country, he'll fook up a whole continent or even the world. Hungary's dimwit majority (just like any other country, it has a dimwit majority) have elected a fruitloop who can hold all of Europe to ransom. Any other European country's dimwit majority could do the same.And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014Comment
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If they have got any sense they will do an Iceland. A few months and they can just starting borrowing again.
But things could be worse for them. They could be in the Euro.Comment
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Originally posted by AtW View PostWhy won't you be more worried about what's going to happen to UK rather than far away place that you will never visit?
HTHComment
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Originally posted by BrilloPad View PostUK can borrow at about 2% as opposed to 10% for Hungary.Comment
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Originally posted by AtW View PostThat's because printing presses at BoE make up for slack demand, so instead of Govt paying what's due for its own mismanagement now whole population pays it in higher inflation.
Instead of paying yields like Italy of 7%, we've elected to make the people pay the difference through QE in the form of inflation (mostly via a dead duck currency known at the £).Comment
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Originally posted by AtW View PostThat's because printing presses at BoE make up for slack demand, so instead of Govt paying what's due for its own mismanagement now whole population pays it in higher inflation.Comment
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Originally posted by DimPrawn View PostFor once AtW is spot on. Instead of paying yields like Italy of 7%, we've elected to make the people pay the difference through QE in the form of inflation (mostly via a dead duck currency known at the £).Comment
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Originally posted by sasguru View PostForget the PIIGS, as in life generally, its what you don't expect that finallytips the balanceHow fortunate for governments that the people they administer don't thinkComment
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