| tombi123 said: Ireland and Greece are in the shit. Haven't heard about Portugal... The big three (Germany, France and the UK) seem to be out of recession and growing again. |
Not really, when theyre talking about austerity, 5 countries are usually always mentioned: Greece, Portugal, Spain, Ireland and the UK, because they all have massive budget deposits. Greece and Ireland have already accepted bailouts, Portugal and Spain could but Im not very knowledgeable about their situation.
The Government in the UK wont accept one and there would major repercussions if they did (although I figure anyone from the other 4 countries would say the same, and look what happened in Greece). The difference being the UK is the most Eurospectic country in the EU and does not use the Euro.
