EU Doom

[OwlHoot]

Interesting article, albeit a month old

The Largest Economy In The World Is Imploding Right In Front Of Our Eyes

[norrahe]

Interesting article, albeit a month old

The Largest Economy In The World Is Imploding Right In Front Of Our Eyes

I don't mind current euro rate is great for me, as I'm being paid in GBP

Though not so good on the gig front.

[Doggy Styles]

So Greece, Spain, Italy, France are at different stages of going downhill fast.

Two other European countries were in that state recently but turned it around: Ireland and Iceland.

They are both very small, agile economies. The Irish people accepted the changes that had to be made, and Iceland is not even in the EU, let alone the euro.

There is a lesson there somewhere.

[BrilloPad]

Does not matter if a month or 2 years old. Its bad, getting worse and going downhill faster.

The question is when will it explode. I was going for 2012 second half - perhaps 21st Dec. But now looks like I am wrong - how much longer can the politicians keep it afloat? And when it explode how will it occur? What will make money?

I am sure sas will be along later to give us an extra date and a full blow by blow account. Or maybe he will just call everyone a cretin....

[Doggy Styles]

Greece run out of money again at the end of November.

So it depends whether they get another bailout to kick the can into 2013.

Bit of a mixed metaphor there, sorry.

[Mich the Tester]

I'd like it to not implode this weekend.