The European single currency is facing an 'inevitable break-up' a leading French bank claimed yesterday.
Strategists at Paris-based Société Générale said that any bailout of the stricken Greek economy would only provide 'sticking plasters' to cover the deep- seated flaws in the eurozone bloc. The stark warning came as the euro slipped further on the currency markets and dire growth figures raised the prospect of a 'double-dip' recession in the embattled zone.
Meanwhile our MAN IN THE KNOW, the Business Secretary, LORD FONDLEBUM said earlier this week, "the EURO has been a remarkable success! It is in BRITAIN'S INTEREST to join as soon as possible". FUCK ME, let's hope he never gets his FINGER ON THE NUCLEAR BUTTON!
Trouble is after Greece, it will be Spain, Portugal, Ireland and then they'll COME FOR US! The only consolation is that if the EURO collapses then the whole PARASITIC MONOLITH MIGHT COME TUMBLING DOWN!
8 comments:
The only right thing Brown ever did was to keep us out of the Euro, I expect that he will have his slimey mitts on the access agreement ready to sign in the final moments before electoral gotterdammerung.
The EU won't survive if the euro goes tits-up, DL, now that really is something to look forward to! ;-)
You forgot to say Germany has nearly slipped back into recession only showing 0.1% in the last quarter. :)
Banned, I was always surprised about that. I would have thought that in 13 years they would have been bound to have taken us in. Maybe Brown knows something we don't!
Spidey, I would really hope so, but I wouldn't bet on it. There are too many bastards with their finger in the pie to let it go tits up.
Rosie, I see that. The Germans are not going to be so keen to bail out everybody else if they're economy is still bumping along the bottom. France is is the same boat. I expect to see our figures go back into negative growth for the last quarter just before the election.
DL. Maybe Gordon will call a snap election in March. That would avoid the April economic figures causing more damage, the Chicott inquiry catching him out or the 3 leadership debates making him look sad and isolated.
I see Obama has just signed off to 'allow' US debt to go to $14 trillion.
A trillion here a trillion there, evntually you're talking serious money. The debt mountain of the world could rise to infinity with all the unleveraged CDS's etc still to be paid for.
O/T did you see 'Newsnight Review' last night ? Shocking stuff. 5 Labour luvvies trashing Britain and praying for it's demise. All on license payers money. Pat Kane would have been marched out to the gallows if it had been 1910. The other 4 would have been sent to an asylum.
Timebomb, It used to be when I was a boy a million was a fantastic sum. Then a billion now they talk in trillions. If you ever see it, look at a post I did on what a trillion dollars looks like all laid out on pallets. It was suppesed to represent the Amrerican defence budget.
No I didn't see Newsnight Review but it doesn't surprise me. These Labour luvvies like Kane are really communists who are sore that Russia has imploded and they don't have their God to worship. Fuckers.
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