Sunday, Feb 26, 2012
Next a euro2trn firewall !
Telegraph: It may well turn out that we are watching not a Greek but a euro tragedy
"Another week, another euro "solution". According to last week's plan, by 2020 the ratio of Greek national debt to GDP will be down to 120.5pc. You don't really need to know much more to see that we are in cloud cuckoo land"...... "It is all very well building firewalls to stop financial contagion, but how do you build firewalls around the voters?" (Are we due a Valencia Spring?)
Posted by alan @ 09:42 PM (632 views) Add Comment
2 Comments
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1. alan said...
"The world's leading economic powers said they would not stump up more cash to fight Europe's debt crisis until the eurozone members increase their own contributions, in a move that piles pressure on this week's Brussels summit". says today's Telegraph
Meanwhile, IMF managing director Christine Lagarde says there may be no agreement by April from its members to raise $500bn (£378bn) to help Europe fight its debt crisis because you can't do it by "flicking your fingers".
.....Wow...What a revelation !
2. mdmick said...
Flicking your fingers?
Sounds messy