Hi Loulou
That's why I said, if they are kicked out of the EU, they could devalue, I understand they can't do it while they are in it.
Anyway, it will not happen as the european taxpayers will come to the rescue, so keep working!!
Mr. Mike.
Message posted by openside on 15 December 2009 at 4:47pm - IP Logged
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The UK govt has revenues of approx £600b and is next year borrowing £230b, the premium paid on UK gilts mean effectively that its has had its AAA credit rating downgraded to AA and if all govt liabilities like public service pensions and PFI wernt miraculously excluded from the national balance sheet our debt to GDP ratio would be way way higher than Greece's paltry 120%
The old adage of 'out of debt out of danger' springs to mind
Still musnt grumble :-)
Message posted by Powerbladder on 15 December 2009 at 7:27pm - IP Logged
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Please accept my apologies for interupting (as I haven't been on here for a long time). What will be the effect of all this economic business likely to cause the tourism market to do in 2010? If Greece's finances worsen, what would general prices be like next year to those going there for a holiday etc?
Message posted by NIGEL on 24 December 2009 at 11:30am - IP Logged
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Interesting reading Bruce; I was always told not to believe everything your read in the tabloids but sadly this isnt going to go away.
Well the good news is its FRIDAY.
There is a nip in the air and snow forecasted for feb so unlike Davos where the Forum is being held the uk will probably come to a grinding holt.
I have been to Davos quite a few times and it is a stunning journey; arrive in Zurich; connect within mins of leaving airport to train station in the centre of Zurich; within minutes connect with fast double decker train (resembling a rocket) for about an hour; off the train and connect with snow train within three minutes to take you up to Davos travelling through the heavy snow laden trees and villages and guess what arriving bang on time. PERFECT.
Have a good weekend
Message posted by NIGEL on 03 February 2010 at 11:19am - IP Logged
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