A thought on Islam

As a very fast growing religion in Europe I wonder if women are happy with the following:
+Women are considered worth less than men
+Women have to cover their hair as it's provocative
+Women must cover themselves when in public
+Women cannot vote
+It's ok for men to beat their wife
+A man can take 3 wives
+A man can divorce his wife by saying 'I divorce you' 3 times
+Women are segregated from other men even if with non-close relatives
+Music is not allowed
+Humour against Islam is not allowed
+A husband can drop his wife and cast her out
+Woman in some countries cannot work or can only work in certain areas like hospitals
+Prayers 5 times a day with the first about 5.30am depending where you live

All of this I have experienced living and working in the Middle East for 15 years.

Wikileaks

There can be all kinds of back tracking and excuses that things were said over lunch, but it does go to show that:
+The Americans can't trust anyone, even the Brits
+The UK Royal Family parasites can't keep their mouths shut
+No one can trust the Americans
+The Americans can tap and phone bug whoever they want
+European leaders are naive
+The Middle East can't stand the Iranians but want other people to do their dirty work, eventhough they hike oil prices.
+Hilary Clinton is as bad as any American senator trying to hack into people emails etc

Actually what people are not thinking about are:
=The American email system etc is not safe and is hacked into regularly
=Americans are willing to give away secrets because they don't agree with policies.
=They can shout and jail loads of people but they wont be able to stop it.

Ireland angry over interest charge on Euro 85 bln

Why is Ireland angry at 6.7% interest on their collapse.
As a Business I am charged 17% for overdraft which is authorized and on a loan Barclays is charging me 19.95% if I wanted one. Ireland should thank their lucky stars and all the others about to be bailed out.
Credit cards are being charged at anything between 22-35% unless you get a loan from a company called WONGA in which case they charge 2,230% yes this is not a mistake (two thousand, two hundred and thirty %).
The banks and Finance companies just love Credit crisis' and make record profits !!

Pakistan just says what it's all about Muslims vs Christians

A woman is sentence to the Death sentence in Pakistan, because she is a Christian, with a trumped up tale against her.
This is what it's coming to and very very soon, the powder keg will explode and the backlash from Christians, will
start and Crusades will begin again !! This clear as day if you have any common sense.
But of course Pakistan isn't harbouring the Taliban nor Al Qaeda !!!!

Goldman senior partner talks about the Euro

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/8164914/Jim-ONeill-says-the-euro-faces-black-swan-moment.html

In fact I would go further then the suggested over valuation of the Euro to say it's over valued by at least 25%.
We may never know the true debt and trouble the Euro is in, because the EU Central bank and parliament will hide the true state!!

Hypocritical UK

1. A girl puts a video onto Facebook showing her burning the Qurun.
2. A Muslim School preaches hatred and death to the infidel

RESULT:
1. Girl get arrested for racial hatred
2. An investigation but nothing happens and it continues!!!!

What a joke we are in the UK

Reply to my blog-Why Muslims like UK

One of my blog followers sent this to me, saying that nothing much has changed

CHURCHILL'S  SPEECH:

"How dreadful are the curses which Mohammedanism lays on its votaries." Besides the fanatical frenzy, which is as dangerous in a man as hydrophobia in a dog, there is this fearful fatalistic apathy.

The effects are apparent in many countries, improvident habits, slovenly systems of agriculture, sluggish methods of commerce, and insecurity of property exist wherever the followers of the Prophet rule or live. A degraded sensualism deprives this life of its grace and refinement the next of its dignity and sanctity.

The fact that in Mohammedan law every woman must belong to some man as his absolute property, either as a child, a wife, or a concubine, must delay the final extinction of slavery until the faith of Islam has ceased to be a great power among men.

Individual Moslems may show splendid qualities, but the influence of the religion paralyses the social development of those who follow it.

No stronger retrograde force exists in the world ` Far from being moribund, Mohammedanism is a militant and proselytizing faith. It has already spread throughout Central Africa, raising fearless warriors at every step; and were it not that Christianity is sheltered in the strong arms of science, the science against which it had vainly struggled, the civilization of modern Europe might fall, as fell the civilization of ancient Rome . "

Sir Winston Churchill

Irish bail out and the UK may have more to pay out

Well what a surprise.
The UK Chancellor is now saying what I have been saying for weeks.
The Irish bail out is only the start!
The British are powerless to say 'No' and apparently after the previous Chancellor Alastair Darling we will have to pay an 8th of all debt bailouts plus we cannot opt out of the EU until 2013 at which time we could be bankrupt!!!
I reckon we will need to fund the EU by another STG 100bn.

So as riots engulf the Irish capital yesterday, the picture emerges.

British banks have debt to Irish banks of between STG 88-150 bn
Th EU has ordered us to pay for a start STG 7 bn.
The Irish Total National debt is 76 bn.

So on this alone Ireland has spent between STG 164-226 bn more than their revenues.
Eh!!! something seems wrong here the numbers don't add up and are crazy!!

Yes and now wait until SPAIN and PORTUGAL announce they need help.

Look to the magix STG1 Trillion of bail outs for the EU to be found by mainly 8 countries which incl:
Germany
France
UK
Netherlands

So about STG 120bn in total for each.

Wonga loan sharks

Blackpool football club have a sponsor called WONGA.
They very proudly announce that their APR is 2689%

Now as far as I know the government was supposed to be against this with the banks.
So as this is a loan shark why are they not acting on this company
So for a STG 1000 for one year it will cost you interest of STG 26,890 for one year.

This should be outlawed and how does the F.A. allow this????

Digging Eire out of the financial mire and digging the UK into it more!

So Ireland has finally admitted that it's in a financial crisis.
So again. not only is RBS in the mire to the tune of about STG 50bn
but the UK MUST help find STG7bn more to the EU.
This of course is to the taxpayer and another taxation issue.
What they don't mention of course is the interest as well.
Based on Ireland saying they want a 4 year loan this will cost STG 1.550 bn in interest alone.
I doubt that we will get the interest from Ireland but it will cost this to cover the loan by the UK in Gilts.

This will of course multiply when the other countries want the funding i.e. Spain, Portugal etc

So let me get this straight!
UK is in financial problems, as well as France, Germany and Holland.
But they are expected to fund those countries that are already net takers from the EU.

So just by using common sense, you can appreciate that this cannot continue.
What will happen is that UK, Germany, France and Holland will fund this and then they are in deep trouble and there is no one to bail them out. However, the likes of Greece and Ireland will be in better shape 'cos they have taken their money out of EU

William Hague raises doubts about future of the euro

At last the penny is about to Fall after my many warnings over the past few years and my more vehement comments over past year.

http://www.telegraph.co.uk/finance/financetopics/financialcrisis/8148505/William-Hague-raises-doubts-about-future-of-the-euro.html

Greece are off the wall!!

The Greeks have told the Irish to get their finances in order!!
What a classic when the Greeks are still under administration!

Now the countries that are basically 3rd world in the EU are beginning to argue amongst themselves!!

UK should pull out and let them bicker amongst themselves.

Nato must continue operations 'beyond our borders'

Anders Fogh Rasmussen said alliance members must be willing and able to exercise military power "beyond our borders" to combat threats such as terrorism and missile attacks.


I want to know who is Mr Anders Fogh Rasmussen?
Well I can tell you he is Danish and was the Prime Minister of Denmark from November 27, 2001 to April 5, 2009
and that is about it!


What I can say from my personal experience is:
NATO hates conflict
NATO doesn't breach borders i.e. British guys kidnapped in Kuwait from soldiers in Iraq and NATO soldiers looked and stared while it happened!
NATO only retaliates when in danger.
Germany doesn't like conflict after the WW2
Italians are still in retreat
French still can't organize or command anything
Dutch only go to places where it's sunny and they can have time off (personal knowledge)
English forces cut to shreds by cut backs
Americans will normally land where they are not supposed to be
Belgiums are neutrals and will collaberate with whomever is around


And it goes on!
So I am not understanding what this guy is stating!
I suspect he is wanting to expand his empire and his expenses!!!

Coalition spends more than £200million on consultants, PR and marketing

The Coalition has spent more than £200million in just five months on consultants, PR and marketing, new figures show.

The first ever full release of Government spending figures lays bare how civil servants have spent millions of pounds on hotels and mobile phones.

http://www.telegraph.co.uk/news/newstopics/politics/8143897/Coalition-spends-more-than-200million-on-consultants-PR-and-marketing.html

This is proposterous. They tell us and make us take the pain and then do this.

This is deceit at it's highest level!!!

An Apology on behalf of Lord Young

The Conservatives stepped in quick !!!!
================================================

Lord Young 'profoundly' apologises for 'never had it so good' comments

A senior adviser to David Cameron, Lord Young, has been forced to offer his "profound" apologies after declaring that the vast majority of Britons have "never had it so good" because of the low interest rates during the recession.

The Prime Minister's enterprise adviser said a drop in mortgage rates "since this so-called recession" had left most people better off.

http://www.telegraph.co.uk/news/newstopics/politics/conservative/8144803/Lord-Young-profoundly-apologises-for-never-had-it-so-good-comments.html

Lord Young is an Imbecile

The vast majority of Britons have “never had it so good” because of the low interest rates during the recession, a senior adviser to David Cameron has declared.

Lord Young, the Prime Minister’s enterprise adviser, said a drop in mortgage rates “since this so-called recession” had left most people better off.

===================================================================================

The guy really isn't in the real world and must have Alzheimer's.

The reason for such low rates is because everything has gone very bad!

He should try and get out on the streets of England and find out what is REALLY happening!

Although unemployment was down a little from the official figures, what he isn't looking at is the UNOFFICIAL figures!

How about taking the numbers of youngsters at college or training from ages 17-23.

The so called apprenticeship schemes send youngsters to college to keep them off the unemployment list and jobseekers allowance. This would add at least 250,000 more unemployed.

He also doesn't take into account the pensioners that are on the poverty line because they are caught in a hole.

It doesn't take into account that 95% of all new jobs are taken by immigrants from Poland, Lithuania etc because they are cheaper.

So basically, Lord Young is a bungling idiot who should keep his mouth tightly closed while he is taking money from the House of Lords for doing nothing!!!

China Hijacks Internet messages

http://www.telegraph.co.uk/news/worldnews/asia/china/8142267/China-hijacks-15-per-cent-of-worlds-internet-traffic.html

I MADE THIS PREDICTION 2 weeks ago without knowing !!!!!
With the Chinese buying EDF this allows them access to the National Gridd

BE WARNED !

EU is broke and falling like a pack of cards

I have depressed myself this morning thinking about the current Ireland situation.
1. UK is exposed by STG 153 bln
2. RBS is exposed by STG50+ bln and this is most probably 'cos they own Ulster Bank
3. UK has to pay STG 7bln to the EU to help Ireland eventhough we have a huge exposure
4. Ireland was the best at getting money out of the EU and that's why they have the best Road system in Europe.
5. What comes out of Ireland as far as industry or any real product? They have graduates and builders.
6. There is no central control or Risk Management in the EU so what are other banks are exposed and how much is the EU exposed to Ireland.
7. How on earth is Ireland to repay this debt.

There are 4.6 million inhabitants so that means that for each person the government has taken from the UK banks STG 33,000 approx.
Salaries in Ireland are low and the tax is high, so payback was years.
This doesn't take into account the borrowings from the EU, Other banks in different countries.
Ireland's average male age is 34 years old.
The population growth is only 1% per year, so it's likely that the adult population is too slow to pay it all back in time.
GDP is in decline by 7% per year.
These are facts from the CIA in USA.
======================================================================
Other countries yet to detail their debt:
Spain
Portugal

Again net takes and large amounts.
Not to mention:
Romania
Poland
Lithuania
Latvia
Bulgaria etc
======================================================================
So my realization after all of this, is that the EU is BUST. Also, it's a realization that we cannot get out of this debt mountain.
The only option for the UK is to pull out of the EU.

Questions:
Why are we being asked to fund a HQ for lawyers and interpretors in Luxembourg?
Why will it cost STG 850 million and we all know it's likely to be STG 1.2-1.6 bln and how can this be justified.
Why is it being built in Luxembourg another Benelux country.

Answers:
Belgium is always nearly broke
Belgium and Luxembourg are one of the biggest areas for Fraud and Money Laundering.
Brussels is where the HO for the EU is and look at their expense claims etc
Luxembourg still has a banking industry which is secretative and therefore ideal for laundering.

It's all down for greed and not being accountable to anyone.

In a new building of course you need offices and furniture etc for the inhabitants.
Then you need their support staff.
Then you need apartments
Then you need family
Then you need to have a good life
I can just go on !!

Basically, someone needs to stand up and so NO MORE, out we go !!

A legal duty forcing public bodies to help reduce inequality caused by class disadvantage is to be scrapped.

The first of many I hope!

Harriet Harman in her last office produced so much rubbish that it wasn't effective and a complete waste of time and money.
This would in essence mean that for instance, JPMorgan Chase should employ people or move office to the North of England or the Midlands where it was a deprived area to try and equalize jobs and pay etc.
Harman's Law and many more was a way for her to stay in the Cabinet of Gordon Brown, but no one knew where to put her.
Anyway, let's hope alot of this waste is erased and we get back to some real politics and not trying to create more votes in Labour heartlands.

EU new HQ

The EU at the time they are telling everyone to make cuts, are going to spend STG 850 million on a new HQ in Luxembourg!
This is to house Lawyers and Translators.
It wouldn't be because the Benelux have the highest number of translators and lawyers will it?
It means that MEP's will have to travel between Luxembourg and Brussels. A few hours drive, but what's the betting that there will be new apartments sold and of course flights or BMW's along the road.

It's an absolute rip off for the crooks of EU!

The Early Learning Centre faux pas

The Early Learning Centre has removed pigs from their Farmhouse toys.
Why?
'Cos it may upset the Jews and Muslims!

1.There is a healthy amount of pig eaten in Israel these days, led by top chefs
2. It's always about muslims !

I want to know where is the tolerance that the Quran says?
It's all Politically Correct rubbish.

The UK is Christian and NOT Muslim, we do what we want to do for our kids and ourselves.
For Godsake let's bring some sanity and morals back to our pathetic country!!

Otherwise we will be worse than Holland that has 20% Muslims

Ireland is Bust and so are we all in the UK

the past number of days the Irish have been saying that they are not bust!
We all knew differently!!
The problem from the UK point of view is:
1. We are being asked to finance them by at least Stg 10 bn when we are trying to dig a hole ourselves
2. RBS is open to STG 53 bn in loans of which STG 40 bn is backed by the UK tax payer.

This a is a double whammy and it just carries on!!

What people fail to see is that the whole global regulatory structure is seriously flawed and useless.
Also, the UK government has absolutely no idea how much more we are open to.

Believe me first stop is Interest at 10pct, especially when I was offered a business loan last week from Barclays at 19.95%

Bailing out Ireland of debt

Ireland for weeks has denied what we all knew. It's bust!
What isn't so good for the UK is the following:

Hajj crooks

What amazes me is that for Hajj Muslims should:
1. Pay off all debts
2. treat everyone with respect
3. Never think Ill things
4. Never do bad things

These are just 4 items.
Here is the reality:
1. Nice clothing is knicked in Mecca ( friends of mine had experience)
2. Money gets stolen ( friends of mine had experience)
3. People are killed (in the press)
4. In the UK muslims are stealing from others by taking money to go to Hajj but they are conmen (in the news this weekend)

So they are no holier than the Christians, just bigger hypocrits!

Karzai criticizes the Allies

1. I have said in the past about Karzai being a crook.
2. He is taking money from everyone in the West (how else does his family continue to buy property)
3. He is in cahoots with the Al Qaeda and Taliban
4. The West keep him in power and now he wants night incursions reduced! Why would he want this?
5. Aft he has been de-throned we will hear how much he has ripped everyone off!

Basically, the allies shouldn't listen to him and if the Al Qaeda execute him for not stopping it, then so be it!

How corrupt is the EU? - VERY!

The EU have been telling countries that they have to cut their bills drastically.
But it's been announced that they are to receive a raise in salaries!!!
The EU said that they would take a cut a few weeks ago but in a U-turn they have decided they should earn more and again without any announcement or accountability.
They have also announced that we tax payers will pay more to their pensions and that they pay less!

On October 4 there was a document called ' What is the situation for 2011?' This was official!
Then they have sneaked out another document ' a salary increase +.4% in Brussels and Luxembourg.

This is disgusting for the euro parasites and jobs for the boys brigade.
I again point out what happens when people get to the EU and who else follows:
Ex-Labour leader Neil Kinnock
Glynis Kinnock
Son
Daughter-in-Law

So 4 members of the same family on at least STg 150k a year plus all the expenses they could possibly want.
Then of course there is the huge pension for life they all get!!

They are all crooks who nothing of note to enrich the UK.

EU gaining power without referendum

Powers to the EU means that the UK government can transfer power to the EU without a referendum.
This is strictly against the Conservative election sales pitch.
Cameron is failing his people and it will end in tears!
Time for me to go to the electional roll, I can't be any worse but at least I would stand up to the politicians and listen to the people!!!

Foreign criminals offered Stg 1,500 to go home

Again, what is the Home Office thinking of?
1. It is known that sending them home means they pocket the dosh and return for more
2. We are incapable of stopping them returning
3. We should kick them out of Britain with nothing!
4. They have cost us money to jail them so it's more cost
5. Jail the idiot who agreed this in the Civil Service and government!!

Debt ridden UK

It's nice to know, that after about 9 months PwC one of the big five accounting companies has decided to agree with my comments about Interest Rates and Debt etc.

http://www.telegraph.co.uk/finance/economics/8118467/UKs-total-debt-forecast-to-hit-10-trillion-by-2015.html

However, as with all of these companies they come out with comments late and far in excess of what really happens.
So before you slit your throat, I would sit back and think for yourself.
Personally, I have known it's bad, but not as bad as they say.
The models these companies use, have a  certain amount of assumptions in place, but are generally floored for extremes. What they don't take into account are things like conflicts and the need for China to continue to expand and that will mean eventually prices coming down and their use of oil and power.

Also what these models are not saying is that there are cycles, and these are normally 15 years for the trough and 7 years for the peaks. According to many companies we have been in the trough for a while. I still things coming up better at end 2013 and beginning 2014. Until then it will be miserable.

A Iraqi taxi driver in Amsterdam

Today I was driven by an Iraqi taxi driver who is a Christian.
He of course was telling me that the Christians in Iraq are being killed and driven out by the Muslims.
He also said the same is happening in Amsterdam. If he gets a Muslim in his cab i.e. 1 in 5 approx in Holland are Muslim, then he has to hide his cross because they then abuse him.

Surely this isn't right in a strong Christian country is it?

I warn you, there is trouble brewing and it's very BIG!!!

Chain gang for the long term benefit takers

So the government thinks that long term unemployed are likely to get back to work if they chain gang them into picking up litter for 30 hours a week!
what a load of tosh!!!!
1. The government is cutting staff so who will organize and control these chain gangs
2. If the government can't arrange jobs and apprenticeships what are people to do
3. It will cost a fortune to organize this and implement
4. The Government employers will just check people off because they don't have the motivation to implement it
5. it would be more constructive to implement National Service
6. Most long term unemployed don't want to work, so if they have no benefits for 3 months how will the government treat their families. Most likely more children's credit

It's about time someone actually sat back and thought about these things before advertising them.

UK PLC

With the government selling utility companies to foreigners one of the big companies for electricity has just been sold from EDF (French) to a large Chinese company for STG 6bn. I think EDF made about STG 4bn on this and it all goes back to frogland !!!!

Now if I know the Chinese (having been there on business):
1. all profits will go back for sure
2. they will have the infrastructure to squeeze the UK
3. they will have the infrastructure for spying because they will control cabling pipelines, electricity and be able to tap into exchanges etc

Enuf said!!!! The politicians thought they were so clever in selling of UK PLC

History is written by winners...that's why the France's is blank!

THIS week we have been hit by the brain-pummelling news that the mightiest armed forces in the world (ours) are to cooperate and share stuff with definitely not the mightiest armed forces in the world (France).

As I look at the facts now, through the haze of a four-day drink-it-to-forget-it bender, I still don't believe it.

After all, while times were tight under New Labour (who seemed to want to scrap with anyone who so much as looked at Tony Blair's wife - and let's be honest, no one did if they could help it) our Boys and Girls were able to make a little go a long way.

Their boots might have been melting in the heat but still the Army marched on. The RAF dominated the skies with their four jets and six working helicopters (five actually flying, one up on bricks for spares) which, for my money, is taking the idea of The Few a bit literally.

The Navy patrolled the seas in some of the mightiest dinghies the world has ever seen. The message was 'Give us some of the kit but maybe not all of it and we can do it'.

But now the Coalition have got in, things have taken a bonkers turn.

Don't get me wrong, I understand cuts have to be made, but our reputation is such that they shouldn't matter.

Which other country could have an aircraft carrier without aircraft? The enemy would see that and panic. 'Wow, they're so good they don't even need the planes' is what the Argies might say. Our submarines can be parked on a beach for all to see as if to say, 'Look, we're this confident, we don't need to hide underwater'.

But the Coalition have gone merger mad - and just as Nick Clegg as deputy dawg was unthinkable before May, so the prospect of Anglo-French military cooperation was beyond belief. But it's happened.

I suppose this is one time we should be grateful they don't teach history properly in schools any more, because for those of us who know any it's going to need a complete rewrite.

History is written by the winners: French history books are blank from cover to cover.

But, it can be argued, history all depends on how you look at things.

The Hundred Years' War was actually a prolonged training exercise. Agincourt was an archery practice session that the French army tragically blundered into, one of the worst friendly fire incidents of the Middle Ages.

The Battle Of Waterloo was the decider in a glorified railway station naming competition. The Battle Of Trafalgar wasn't a battle at all, it was radical downsizing in preparation for a merger.

When the French armies collapsed in 1940 they were simply suckering the Germans into thinking they had won World War Two, and handing over to us, the experts. The French not turning up for Iraq was a subtle hint that it might be a bad idea.

But there is another way of looking at it - finally, after a millennium of struggle, the French work for us now. We're the Daddy, Britannia rules les vagues.

And at least it's not the Germans - not sure how I'd explain that one away.

Article from 'The publandlord' Al Murray in The Sun newspaper 5/11/10

Islamists allowed to demo in UK

http://www.thesun.co.uk/sol/homepage/news/3211242/Old-Bailey-Islamic-fanatics-are-enemies-of-Britain.html

The police allowed bigots to demo in the UK.
What on earth is the Home Office thinking of.
Kick them out of the UK and practice this kind of thing in a country that doesn't give them benefits etc.

If you haven't heard of him so far look up Geert Wilders in Google!!!

This is now becoming a crusade and the governments of Europe had better take note, before it's too late.
As I mentioned earlier 20% of Holland is now muslim, which in itself is not a crime. However, Angela Merkel of Germany is saying that integration hasn't worked so now we are seriously near to a partition in each European country.

Prisoners to get the vote for the first time-EU says so!!

Here we go, we are now being dictated by the EU.
Prisoners must have a vote!

Why? they are misfits and many without a brain and interest in politics, so WHY WOULD they vote?

The main point is the EU dictatorship beginning to encroach on UK law and order.
It will get worse, mark my words !!

Falklands are doomed in the new agreement with France

I just can't help highlighting that the UK is now fundamentally flawed and we have idiots governing!

A new agreement today, which is to be signed, means that UK and France will share war ships and Nuclear secrets! Which is a bit of an oxymoron, because it can't be a secret anymore, especially the way the French lose secrets and seem to publish them.
What this means is 2 things:
1. We end up giving part of the Oil revenue away to the lazy French.
2. They can block any conflict we want to go to.

The French have just announced that they are going into Iraq for commercial activities, as they did with Libya and Iran after their conflict with the U.S.
I bet they won't include UK even if they want our ships off Iraq!!

Of course we won't mention the war when they surrendered more easily than putting your hand up to be served in a cafe!!

I think it's now official, we are a third world tiny country of insignificance. I hope the politicians are very proud of themselves.

Professor David Nutt, the government's former chief drug adviser.

Well he lives up to his name !!!

He is saying that Alcohol is more dangerous than Crack Cocaine.!!!


Mmmmm let me see Cocaine you can get addicted to after one use
Cocaine can cause hepatitus
Cocaine can give you Aids
Cocaine is sold on streets
Cocaine is in hiding
Cocaine is into stealing
Cocaine is directed by Drug barons and mafias
Cocaine is into Slavery
Cocaine is in Prostitution

Alcohol is mainly self inflicted over time
Alcohol is sold in the shops
Alcohol is initially social and open
Alcohol doesnt need stealing
and not necessarily the rest.

So why is it more dangerious?

Cos some Nutt says so!!!

Merkel has spoken on my behalf!

Germany has had enough of bailing our EU countries.
Angela Merkel is now suggesting that if they can't meet the goals then they go in 'orderly' bankruptcy!!

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/8100412/Angela-Merkel-consigns-Ireland-Portugal-and-Spain-to-their-fate.html

I rest my case again!!!