Eurogeddon Approaches - Aussie Stock Forums

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  1. #1
    Garpal Gumnut's Avatar
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    Jan 2006
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    Default Eurogeddon Approaches

    There is a rather good summary of the Euro's problems in two articles in the Telegraph UK, and how it may pan out for the countries in the eurozone, should Italy or Spain default.




    As the Italian government struggled to borrow and Spain considered seeking an international bail-out, British ministers privately warned that the break-up of the euro, once almost unthinkable, is now increasingly plausible.
    Diplomats are preparing to help Britons abroad through a banking collapse and even riots arising from the debt crisis.
    The Treasury confirmed earlier this month that contingency planning for a collapse is now under way.
    A senior minister has now revealed the extent of the Government’s concern, saying that Britain is now planning on the basis that a euro collapse is now just a matter of time.
    “It’s in our interests that they keep playing for time because that gives us more time to prepare,” the minister told the Daily Telegraph.
    It does not sound too good.

    "I refuse to join any club that would have me as a member." Quote Groucho Marx
    Je suis Charlie

  2. #2

    Default Re: Eurogeddon Approaches

    I got a bit of a laugh out of this today:

    Telling it how it is.


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