Originally Posted by Beingist
Are you over there, Peter, or do you have a good line as to some specifics?
I'm in the UK so kind of yes and no. The news is changing every day and the markets are absolutely crazy.
Right now it looks like Italy/Greece are being taken over by Brussels and Germany are pulling most of the strings. Germany and the UK are locking horns over this financial transaction tax thing and everyone here is screaming to get out of the EU but our politicians won't let us vote on it.
It's a tough situation when you have one country with little debt and a very good economy and work ethic having to bail out others where they have huge corruption, a very uncompetitve economy and a very slow way of life.
The whole thing is one massive rolloercoaster at the moment and I hope they can get themselves organised soon but that is a huge project in itself which should have really been done at the beginning.
This is quite a good timeline of the crisis: BBC News - Timeline: The unfolding eurozone crisis
I think we could all do without another really bad recession..