Originally Posted by Peterw
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..
Thanks for the update and for the link.
I'm often looked at askew around here for saying stuff like this, but I still think it's all due to the venture into printed currency. Bankers are still greedy, and no one benefits from such a venture as they do. Now, they're finally running the show, as no doubt they'd prefer. The problem is, so much greed and concentrated wealth can only lead to inflation and devaluation and, as is currently seen, debt bubbles made insurmountable through monetization.
I know the world doesn't need any more economic difficulties. It's just that I don't see how it can be avoided, as long as the bankers continue to just keep printing money.