Expect Portugal or Greece to pull out of the Euro and throw the EU into crisis.
If you think about it logically, what does Portugal and Greece have to manufacturer or produce to make up their debts?
Olives, Wine, but mainly tourism.
If people are in debt or trying to reduce debt, then they won't be going away on holiday will they?
Ireland is a little different. They are masters at screwing the EU for money, so they can't afford to go down the tubes. Also, RBS has an exposure of STG 50+ bln pounds and you may well ask how !! So this will reflect on the UK, so that's why it won't go down the tubes.
Watch out over the next 2 months for things to be in chaos.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment