L
Lincsbodger
25 of 32 leading economist interviewed by Mori dont think the Euro will last another 5 years. Its currently going down faster than a tarts knickers at a pop festival.
Furthermore, the greek debt crisis hasnt even begun, They owe 115% of there GDP, in a years time it will be 150% of there GDP. And Hungary it woudl appear is about to show its hand, and its in an even worse state.
Several of the economist questioned think not only will Greece fall out the euro, so will Portugal, Spain, Hungary, and Ireland, and Greece may even have a revolution as a consequence.
The German people are ****ed off there government wants to shell out bags of german dosh to bail all the other countries out, and France isnt too keen either.
So, with a bit of luck the knobs will fall completely off and we can bury the United States of Europe and German Imperial Expansionism By The Back Door, once and for all.
Furthermore, the greek debt crisis hasnt even begun, They owe 115% of there GDP, in a years time it will be 150% of there GDP. And Hungary it woudl appear is about to show its hand, and its in an even worse state.
Several of the economist questioned think not only will Greece fall out the euro, so will Portugal, Spain, Hungary, and Ireland, and Greece may even have a revolution as a consequence.
The German people are ****ed off there government wants to shell out bags of german dosh to bail all the other countries out, and France isnt too keen either.
So, with a bit of luck the knobs will fall completely off and we can bury the United States of Europe and German Imperial Expansionism By The Back Door, once and for all.
The comments on the euro's precarious position will not go down well in the City.
It has been taking the view that the £691billion emergency bailout package had for the moment solved the sovereign debt crisis equation.
But Jeremy Batstone-Carr, global economic strategist at broker Charles Stanley, said: 'This is categorically not the case'.
'Greek debt will rise aggressively as a result of the IMF/EU bailout programme. The IMF itself estimates that Greece will owe 150pc of gross domestic product by 2015, up from 115pc, currently forecast.
'Net indebtedness will rise, again according to the IMF, by €110bn. The bottom line is that the Greek sovereign debt crisis has not gone away. In fact it has hardly even begun. '