Hows the economy doing?

[Kasz216]

NJ5 said:

Kasz216 said:

TheRealMafoo said:

akuma587 said:
From a lot of the information I have looked at, the UK is actually in the best position of all the EU nations in spite of people recently freaking about government spending there as excessively wasteful.

Your kidding right?

http://en.wikipedia.org/wiki/Economy_of_the_European_Union#Economies_of_member_states

They are not the worst, but sure as hell not the best.

Actually they are one of the worst. They are one of two countries that could go bankrupt. The UK is in a much worse position then the US.

Latvia is almost going bankrupt, but they're now cutting their budget in order to qualify for EU loans which will save their asses.

 

Ok, one of three countries to go bankrupt... to be honest i've only been paying attention to the big countries.  The UK has a lot of external debt.  It's really the "trap" there in though... and shows why the UK needs to intervene.

The UK system is much more regulated... so if they fail, the UK is responsible for just about all the debt the banks have... etc.

It's a nasty situation.