More Euro Bad news - 300,000 new Irish homes empty
Discussion
The EU is kicking the bad news to this weekend (IMHO)...
http://www.cnbc.com/id/36865397
The proposed "austerity measures" will never happen. Greece may get some help, but when the music stops for the next candidate State, there may not be enough chairs.
http://www.cnbc.com/id/36865397
The proposed "austerity measures" will never happen. Greece may get some help, but when the music stops for the next candidate State, there may not be enough chairs.
te back thenBusa_Rush said:
Our govt should pay the homeless people we are currently paying £300+ a week to stay in hotels and B&Bs to go to Ireland and pay a basic rent for them over there. Would be cheaper for us and help the Irish.
At least that means they spend that (our) £300 in the UK.I think we have to help our own economy which is up the creek, before we think of trying to help another country.
ErnestM said:
The EU is kicking the bad news to this weekend (IMHO)...
http://www.cnbc.com/id/36865397
The proposed "austerity measures" will never happen. Greece may get some help, but when the music stops for the next candidate State, there may not be enough chairs.
Watched the slideshow? Greece are only 16th on the list of biggest bad debtor nations according to that list.http://www.cnbc.com/id/36865397
The proposed "austerity measures" will never happen. Greece may get some help, but when the music stops for the next candidate State, there may not be enough chairs.
USA 20th
Hungary 19th
Australia 18th
Italy 17th
Greece 16th - External debt (as % of GDP): 170.5% - Gross external debt: $581.68 billion - 2009 GDP (est): $341 billion
Germany 15th
Spain 14th
Norway 13th
Finland 12th
Hong Kong 11th (don't get that one, humouring CNBC)
Portugal 10th
France 9th
Austria 8th
Sweden 7th
Denmark 6th
Belgium 5th
Netherlands 4th
Switzerland 3rd (so much for being out of Europe then)
United Kingdom 2nd - External debt (as % of GDP): 425.9% - Gross external debt: $9.15 trillion - 2009 GDP (est): $2.15 trillion
Ireland 1st - External debt (as % of GDP): 1,312% - Gross external debt: $2.32 trillion - 2009 GDP (est): $176.9 billion
FourWheelDrift said:
ErnestM said:
The EU is kicking the bad news to this weekend (IMHO)...
http://www.cnbc.com/id/36865397
The proposed "austerity measures" will never happen. Greece may get some help, but when the music stops for the next candidate State, there may not be enough chairs.
Watched the slideshow? Greece are only 16th on the list of biggest bad debtor nations according to that list.http://www.cnbc.com/id/36865397
The proposed "austerity measures" will never happen. Greece may get some help, but when the music stops for the next candidate State, there may not be enough chairs.
USA 20th
Hungary 19th
Australia 18th
Italy 17th
Greece 16th - External debt (as % of GDP): 170.5% - Gross external debt: $581.68 billion - 2009 GDP (est): $341 billion
Germany 15th
Spain 14th
Norway 13th
Finland 12th
Hong Kong 11th (don't get that one, humouring CNBC)
Portugal 10th
France 9th
Austria 8th
Sweden 7th
Denmark 6th
Belgium 5th
Netherlands 4th
Switzerland 3rd (so much for being out of Europe then)
United Kingdom 2nd - External debt (as % of GDP): 425.9% - Gross external debt: $9.15 trillion - 2009 GDP (est): $2.15 trillion
Ireland 1st - External debt (as % of GDP): 1,312% - Gross external debt: $2.32 trillion - 2009 GDP (est): $176.9 billion
- I brought that very thing up on a previous thread. The Euro is looking suspect here. IMHO, in the best of circumstances there may be devolution back to common market only without a common currency. The only thing that could possibly save the Euro would be letting the bad boys default (but that's a whole new can of worms).FourWheelDrift said:
ErnestM said:
The EU is kicking the bad news to this weekend (IMHO)...
http://www.cnbc.com/id/36865397
The proposed "austerity measures" will never happen. Greece may get some help, but when the music stops for the next candidate State, there may not be enough chairs.
Watched the slideshow? Greece are only 16th on the list of biggest bad debtor nations according to that list.http://www.cnbc.com/id/36865397
The proposed "austerity measures" will never happen. Greece may get some help, but when the music stops for the next candidate State, there may not be enough chairs.
USA 20th
Hungary 19th
Australia 18th
Italy 17th
Greece 16th - External debt (as % of GDP): 170.5% - Gross external debt: $581.68 billion - 2009 GDP (est): $341 billion
Germany 15th
Spain 14th
Norway 13th
Finland 12th
Hong 11th (don't get that one, humouring CNBC)
Portugal 10th
France 9th
Austria 8th
Sweden 7th
Denmark 6th
Belgium 5th
Netherlands 4th
Switzerland 3rd (so much for being out of Europe then)
United Kingdom 2nd - External debt (as % of GDP): 425.9% - Gross external debt: $9.15 trillion - 2009 GDP (est): $2.15 trillion
Ireland 1st - External debt (as % of GDP): 1,312% - Gross external debt: $2.32 trillion - 2009 GDP (est): $176.9 billion
I agree with Tonker. One of the things that needs to be looked at is the perceived ability for a country to pay it's debt (or at least service it). I would think that the market is looking at the upcoming UK election for that particular sign. No doubt whoever gets elected will have a tough time, but, IMHO, if new labour get another bite at the apple, I think things may go bad quickly.
Jasandjules said:
Yeast Lord said:
2nd, my god that is scary.
Did you honestly not realise what a mess the Labour scum have got this country into? And that we'll be paying for it for the next 10 years and more.
Yes, I studied business management for a while (waste of time but still) and part of the course in economics was how Winky had ended the business cycle
One of the criteria for the rating agencies is the interest payments to income ratio. And looking at the various economic scenarios base, good, serious, very serious published by the agencies, the UK will come perilously close to losing AAA even in the base scenario in 2012/2013. Not good.
Also listen to the terminology used by Brown, "halving the deficit", that only means halving the amount the UK is borrowing, not actually paying back the amount already borrowed.
Oh and just to add to the gloom, all the PFI deals are not included in the figures, the lovely off balance sheet techniques, so that little time bomb is also ticking.
Not a pleasant outlook thanks to the engineer of the "end of boom or bust" he was right, it is only completely bust now.
If this country was a private citizen, we would be declared bankrupt.
Also listen to the terminology used by Brown, "halving the deficit", that only means halving the amount the UK is borrowing, not actually paying back the amount already borrowed.
Oh and just to add to the gloom, all the PFI deals are not included in the figures, the lovely off balance sheet techniques, so that little time bomb is also ticking.
Not a pleasant outlook thanks to the engineer of the "end of boom or bust" he was right, it is only completely bust now.
If this country was a private citizen, we would be declared bankrupt.
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