East Europe on the brink of financial implosion

Discussion in 'Current Affairs, News and Analysis' started by armchair_jihad, Feb 19, 2009.

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  1. Its right on the edge and if/when it goes it may take a lot of the EU project with it.

    http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/4623525/Failure-to-save-East-Europe-will-lead-to-worldwide-meltdown.html


    http://business.timesonline.co.uk/tol/business/columnists/article5762544.ece


    http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/4691850/Ukraine-must-be-rescued-from-tragi-comedy-for-Europes-sake.html

    What do you think will happen next?
     
  2. The UK and the Pound Sterling are in the Poo.
    Yet the Pound has strengthened against the Euro fair comment from the Financial Speculators on both the Pound and the Euro.
    I have said for year that one day the UK must/will join the Euro, but with so many economies on divergent courses Now is not the time. Twenty or fifty years may be needed to bring National economies into line.
    The Euro was badly thought out.
    Europe is the home of failed National politicians who seem to me to be there just to strip the system bare.
    john