- 17-05-2012, 09:42 #4271
- 17-05-2012, 11:11 #4272
Of course there is a risk, better to have the masses looking at Europe rather than the precarious position of the UK right now......works on you.
You would probably be very surprised if you actually knew what Cameron and Osbourne are actually asking for behind the rhetoric......
- 17-05-2012, 11:17 #4273
I think you need to spend a bit of time getting a basic understanding the respective roles, responsibilities and dynamics of central banking at national and Eurozone level, and national governments and the EU.
- 17-05-2012, 11:21 #4274
- Join Date
- Jun 2004
- 17-05-2012, 11:25 #4275
Which is not a point of view I subscribe to, as it may appear to be a quick fix, but it is not actually needed or wanted.
- 17-05-2012, 11:47 #4276
- 17-05-2012, 11:59 #4277
From the Telegraph Debt Crisis Live Page.....
11.13 Shares in Bankia are plunging today, down 21.87pc. And this comes after an 11pc fall yesterday. In fact, if it ends in the red today it will be the tenth negative trading session for the government-backed lender. This morning we heard that customers had pulled €1bn from the bank in the last week alone.
The Spanish Government have already nationalised 45% of it. I wonder if they realised they would be stepping in again so soon....
- 17-05-2012, 12:08 #4278
The Spanish banks are still in need of an Irish style reality check. I suspect they were optimistically hoping that things would get better externally and drive up demand - won't happen quick enough.
They should lop another 20% off the balance sheets and see what is viable and what is not, the government is perfectly capable of sorting the problem if it gets a grip.
- 17-05-2012, 12:26 #4279
- Join Date
- Oct 2005
Bloomberg is reporting that the ECB has stopped lending to some Greek banks:
ECB Stops Loans to Some Greek Banks as Draghi Talks Exit - Bloomberg
I can imagine the queues forming as I type - and then there will be a run on mattresses!
- 17-05-2012, 12:46 #4280