Dingdongler

http://shareprices.com/news/ftse-tum...unk-status-998

Who will be next? Spain, Portugal? Or the UK unless the Conservatives win a clear majority and sort the national debt out

dpb

why conservatives ?

Dingdongler

Because it is only they who agree with the IMF etc that the debt needs to be tackled right NOW. It is also only them that have the political will to make the cuts needed to prevent such an issue happening.

Labour want to spend us out of the problem with the burden then falling on raising taxes for the wealth creators, Lib Dems just don't have a clue

dpb

oh really

dpb

Dont for a second let this sort of cowardy talk put you off siblings

..its time for a change , a proper change

Simon C

Yeah, approx 1500lbs of HE in the house of commons.

The Zohan

Conservatives seem the best of a bad buch really - IMHO

Luminous

iTrader: (3)

Personally I prefer the hung parliament party

I hate scare tactics. If that is the best the conservatives have to offer, I can do without them.

Snazy

Greeces credit rating was downgraded along with Portugal. Already they are being used as an example at the daily party conferences.

alcazar

iTrader: (2)

What does it actually MEAN? I mean to Mr and Mrs Papadopoulos walking down Athens High Street?

The Zohan

I wonder how much hosting the olympics 2 years ago contributed to the economy or even this problem?

ronjeramy

iTrader: (1)

Hmmmmm I wonder what's happening in London in 2 yeas time

Martin2005

I know my geography is pants, but is Beijing really in Greece?

hodgy0_2

there you go again, why are you always contesting the facts in any given argument

The Zohan

LOL, the Beijing citizens might well club together and buy Greece as a holiday resort or such.

I did mean the 2004 )lympics - honest. Are the loans paid back, did it make the country end up better off

alcazar

iTrader: (2)

Anyone?

Dingdongler

It will have a big impact mate. Greek govt will now have to pay much higher interest rates to borrow money to fund the country, this will have to be passed onto the public in the form of higher interest rates and taxes.

The IMF may well have to bail the country out, but they will lay down strict criteria as a condition ie the country must make huge and real cuts in its pubilic services to bring down costs. Greece, like the UK, has a huge public sector so this will mean 100s of 1000s of job losses as well as pay freezes or cuts for police,nurses, teachers etc and the same for their pensions.

Portugal has also been hit.

Some say Spain could go the same way.

If they all have to be bailed out by the central european bank the euro will tank and the German's are going to have a cow!

f1_fan

iTrader: (9)

If Greece go **** up it won't matter whether your beloved Tories are in power or not... we'll be f**ked!

dpb

I actually quite fancy a greek island or.... two

Dingdongler

It has gone **** up and no we won't be.

dpb

oh , cos as if by magic overnight weve escaped the eurozone and even the imf

f1_fan

iTrader: (9)

No mate it hasn't. It is still paying it's debts albeit with IMF help. If it is unable to furnish its debts with the IMF help the EU will probably step in and prop it up, but that will suck huge resources out of the EU countries including us and if it eventually collapses anyway Spain, Portugal and us could follow suit very quickly especially as we (the Eurozone) will be a sitting duck in the world economy.

Petem95

Spain has been in a big hole for some time - the official unemployment rate is 22%, so god knows what the real rate is if you include economically inactive, disability etc!

I honestly fail to see an easy way out for countries whose economies are in dire straights, like Greece, Spain, Portugal, Ireland & UK as well to an extent. Are we all going to start manufacturing goods on a large scale and undercut China/India etc? I think not. Selling repackaged debt?... nope not anymore. Where will the growth come from?..

alcazar

iTrader: (2)

If there is so much uncertainty about Greece, Spain, Portugal etc, why is the £ not rising against the € like we were promised it would last Autumn?

hodgy0_2

the traditional response to this sort of thing was to devalue the currency - an option not available in the Euro Zone

the deep structural differences between the economies, meant this was bound to happen sooner or later

a German worker is about 6 times more productive than and Italian or Greek one

an unsustainable state of affairs with a common currency

dpb

im guessing its cos everybody knows were equally in the ****e , would be nice tho

Its what happens against the dollar that will be more intresting , no ?

alcazar

iTrader: (2)

Well, yes, since THEY are in the same sh*te as us.........

kingofturds

iTrader: (1)

Greece should never have been allowed to join the Euro in the first place, it was only by by some smoke and mirror economics that they ended up being able to join.
Europeans have been having a free lunch for too long, soon we will all be in sweatshops making clothes for people in the BRICS

Leslie

They are the only party in recent history which has improved the country's economy. Labour has always wrecked it by the end of their tenure and it has always been the Conservatives who have dragged it out of failure into a position of strength.

If we carry on as we are we shall eventually be asking Greece for a loan!

Les

vindaloo

Do what the yanks do... Imprison people and pay them 25c a day for their work.