Sunday, Jun 26, 2011

Debts growing, part 1

Daily Telegraph: Profligate Britain risks suffering its own Greek tragedy

Despite increased tax revenues, Government deficit is growing... dangerously

Posted by stuartking @ 01:09 AM (1792 views) Add Comment


1. miken said...

"An unravelling of the eurozone and its related constructs, then, would make a lot of politicians look stupid while forcing thousands of eurocrats to look for a proper job.". Yes the wrong incompetent people are in charge of our banks and EU. Remember if the banks lend it to you (or a country) without checking properly if the money can be paid back then it is the banks fault and the bank should be forced into an orderly default.

The key for this government is to follow up on their idea to make sure private money held in deposit accounts is a separate business completely from all this Greek gambling. I would hate to think my own savings is being used by my bank in Greek bond that pays 25% and me personally carry any sort of risk of losing my money.

Sunday, June 26, 2011 09:32AM Report Comment

2. Leedel20 said...

Reports of what is going on eurozone, dont work well for Government and the bombing of libya.
People just want to know how much money has been squandered, through payments to the EU.

Sunday, June 26, 2011 01:20PM Report Comment

3. general congreve said...

Did anyone think it would be any different? Tick, Tock.

Sunday, June 26, 2011 01:20PM Report Comment

4. miken said...

I was just reading this article again. The most popular comments are quite interesting.
Such as:

"The indebted West is headed into a serious Depression and in this period of 'feral economics' the banksters and global rich are converting their fiat holdings to tangible assets whilst we taxpayers are being dumped with the IOUs "

Can this explain why house prices are still not crashing? I wonder what proportion of banksters have chosen houses as assets which are protected during a financial meltdown?

Sunday, June 26, 2011 09:27PM Report Comment

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