Eurozone

Thank you for the link. A very interesting article, although, at this stage you do not know who is to be believed. Personally, I think that there is too much emphasis on talking about currencies, debts and market demands and very little is said about measures to estimulate the economies and create employment, which are supposed to be the real issues. We cannot expect any good news as long as the different economies are only looking at austerity measures and packages. They are just talking on the radio about creating new banks that would lend money to people as a solution to the current woes... Now, who is going to borrow money when employment is not guaranteed and businesses are closing down? It does not make any sense.

Perhaps we should be put in charge of the economy. After all, we are showing common sense... something which seems to be in short supply at the moment

Of course this is the Telegraphs favourite subject, but takes no account of the effect of a eurozone breakup on sterling, which would undoubtedly hit the British economy very hard.   Its not as though sterling would remain in its glass bubble untouched by other events!   

I fully agree with you, Ram. This kind of catastrophe would affect all economies, whether they are in the Eurozone or outside it. We are all interlinked. To believe that the UK economy or the pound could be reinforced is a fairytale.