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FootballFan on 28 April 2010
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kowenicki said:

As I have predicted on here many times before... the failings of the EU common fiscal policy (one interest rate and one currency) are coming home to roost in a big way today

We have the ridiulous situation where a country's debt is now rated as junk bond status. As a result Greece is in a world of trouble, Portugal could well suffer the same fate very soon and Spain is looking very dodgy.

Meanwhile Germany is stalling on agreeing to the bail out of 50bn Euros for Greece, who can blame them, as it fears it is bad money after good and public opinion is VERY far from supportive of the move. The question on germa tax-payers list is why should the German tax payer bail out Greece? Good question.... why?

Walls coming tumbling down.... ?

In many ways greece is indicative of what the EU is all about... 40% of GDP is generated by the state!? and 25% of all the employed in Greece work for the government!?  Doing what exactly? Presumably deciding where to spend all of that EU aid?

My god I'm glad we didnt fully integrate into that mess.


What's costing us 45million £ per day then?