It certainly looks like it at the moment. With Greece on it's knees and no way back, it seems that it needs to be further backed up. a bit like throwing fuel on a fire, it looks great for a short time, but then nothing. But what to do with the place? It can't escape as it's bound hand and foot. Germany can't afford to let it go. It's said that if Greece can somehow escape the clutches of the EU, it will be tantamount to declaring fiscal war on Germany. So Greece has to stay. But if it's debts are virtually wiped, then Ireland, Spain, Portugal and the likes, will quickly expose their own shortcomings. It's only prudent to do so. For they will also want their debts slashed as well. This forces France's AAA rating into the toilet. Get the picture? Ticking time bomb or what?
fed up hearing about it. hopefully the euro drops to about 5p and we can all go to spain on a jolly for £50
If Greece fail then that can be absorbed, but if Italy goes down then it will be like a black hole. Spain and Portugal would follow. French banks seem to have a lot of stake in these countries, so they could end up completely destroying Frances economy. Germany would then be left to create one massive country and start a push towards Russia and China. May I be the first to welcome our new German masters, and remind them that I could be useful in rounding up the resistant people. please log in to view this image
Then we'll have this: ---- The European Union commissioners have announced that agreement has been reached to adopt English as the preferred language for European communications, rather than German, which was the other possibility. As part of the negotiations, Her Majesty's Government conceded that English spelling had some room for improvement and has accepted a five-year phased plan for what will be known as EuroEnglish (Euro for short). In the first year, "s" will be used instead of the soft "c." Sertainly, sivil servants will resieve this news with joy. Also, the hard "c" will be replaced with "k". Not only will this klear up konfusion, but typewriters kan have one less letter. There will be growing publik emthusiasm in the sekond year, when the troublesome "ph" will be replaced by "f". This will make words like fotograf" 20 persent shorter. In the third year, publik akseptanse of the new spelling kan be expekted to reach the stage where more komplikated changes are possible. Governments will enkorage the removal of double letters, which have always ben a deterent to akurate speling. Also, al wil agre that the horible mes of silent "e"s in the languag is disgrasful, and they would go. By the fourth year, peopl wil be reseptiv to steps such as replasing "th" by "z" and "w" by " v". During ze fifz year, ze unesesary "o" kan be dropd from vords kontaining "ou", and similar changes vud of kors be aplid to ozer kombinations of leters. After zis fifz yer, ve vil hav a reli sensibl riten styl. Zer vil be no mor trubls or difikultis and evrivun vil find it ezi tu understand ech ozer. Ze drem vil finali kum tru.
In all seriousness, the way wee Sarkozy and Merkel are interfering in other countries politics would suggest they are trying to create a United States of Europe. Gutted Silvio has been forced out, he was always up for a laugh.
It might all seem a bit of a joke, and it probably won't have too much of an effect on me personally, but it won't be pretty for a **** loads of people. As far as I can see, a collapse has to happen. There isn't a country in Europe that can withstand the crunch, Germany included.
I'm currently hoarding buttons and shark teeth, they'll be the currency in a few months and I'll be a millionaire
Just read that so far, Ireland has had to pump 63 billion Euros of State funds into the banks to keep them solvent.
