Nicholas Brody Posted August 3, 2011 Share Posted August 3, 2011 http://www.bbc.co.uk/news/business-14385636 Any KB'ers give some insight into what effect this could have on the eurozone, and Britain if they need some sort of bailout? Or even if they will need/can get a bailout. Link to comment Share on other sites More sharing options...
Rand Paul's Ray Bans Posted August 3, 2011 Share Posted August 3, 2011 3rd biggest economy in the Eurozone, they're probably too big for a bailout. Greece, Portugal and Ireland are nothing compared to the Italian debt problem. If Italy falls, it would be catastrophic. But they are in a better position than most to tackle the government debt - as this Economist (okay I own up, I have a subscription) Daily Chart shows http://www.economist.com/blogs/dailychart/2011/07/government-debt The parliament passed austerity measures recently, but the main worry is that it won't be implemented properly. Silvio is too inept to do it properly. Link to comment Share on other sites More sharing options...
kingantti1874 Posted August 3, 2011 Share Posted August 3, 2011 the eurozone will collapese IMO, well done to our previous goverment for keeping us out of that shitheap.... these countries with tiny economies spending as if they were germany... the euro was never going to work with seperate monetary policy across nations... Link to comment Share on other sites More sharing options...
Geoff Kilpatrick Posted August 3, 2011 Share Posted August 3, 2011 Fiscal union and sod democracy! That is what the politicians want. Link to comment Share on other sites More sharing options...
Geoff Kilpatrick Posted August 3, 2011 Share Posted August 3, 2011 BTW, I still can't recommend this blog highly enough. http://golemxiv-credo.blogspot.com/ Link to comment Share on other sites More sharing options...
Rand Paul's Ray Bans Posted August 3, 2011 Share Posted August 3, 2011 Fiscal union and sod democracy! That is what the politicians want. Couldn't agree with you more. Link to comment Share on other sites More sharing options...
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