Jump to content
House Price Crash Forum
Sign in to follow this  
Lord Blackadder

Fall Of The Euro?

Recommended Posts

http://business.timesonline.co.uk/article/...1726064,00.html

"a decision by the Italian Government to withdraw from the euro — or even a perception by investors that such a decision might conceivably be threatened by the Italian Government some time in the not-too-distant future — would trigger a financial crisis of monstrous proportions. not only (or even mainly) in Italy but throughout the eurozone".

I'm not a huge fan of Kaletsky (in fact no fan at all) but I've been reading quite a few snippets that Italy's in the crap and thinking the unthinkable.

SO WHAT WILL HAPPEN TO DEBT AND WHAT WILL HAPPEN TO SAVINGS IF IT ALL GOES BREASTS UP?

"holders of Italy’s € 1.5 trillion public debt would face enormous losses, big enough to endanger the solvency of many non-Italian banks".

Views please I'm starting to wonder wonder whether owning the odd brick or too is not the safest place to be.

Share this post


Link to post
Share on other sites
http://business.timesonline.co.uk/article/...1726064,00.html

"a decision by the Italian Government to withdraw from the euro — or even a perception by investors that such a decision might conceivably be threatened by the Italian Government some time in the not-too-distant future — would trigger a financial crisis of monstrous proportions. not only (or even mainly) in Italy but throughout the eurozone".

I'm not a huge fan of Kaletsky (in fact no fan at all) but I've been reading quite a few snippets that Italy's in the crap and thinking the unthinkable.

SO WHAT WILL HAPPEN TO DEBT AND WHAT WILL HAPPEN TO SAVINGS IF IT ALL GOES BREASTS UP?

"holders of Italy’s € 1.5 trillion public debt would face enormous losses, big enough to endanger the solvency of many non-Italian banks".

Views please I'm starting to wonder wonder whether owning the odd brick or too is not the safest place to be.

In times of uncertaintanty - probably gold, thats DrBubbs patch though not mine.

Share this post


Link to post
Share on other sites

The banks will find it a lot easier to claw back debt from indiviual UK debtors than froma mafia backed govt.

However, I suspect italy's talk of leaving the Euro is just vote winning stuff - they know that if they leave the country is bankrupt.

ABB

Share this post


Link to post
Share on other sites

Sorry these articles are crap. Banging on about how the European Central Bank wont reduce interest rates and stifling the economy.

Please, they're already 2%, not exactly high. You can't complain 2% extortionate rates are strangling the Italian economy.

Share this post


Link to post
Share on other sites

no talk of reducing government expenditure, sacking swathes of superfluous government workers and slashing pensions and trying to pay back some of the debt. That would be too un-italian

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.