Wednesday, January 18, 2012

Europe and UK again !!

As I wrote some time ago it seems that the IMF will be approaching the UK for more funds. So this will be above a possible Stg 37-40 bln that is our ceiling according to the IMF agreement.
I explained months ago that the UK will end up bailing out Europe.

I also said that the effect to the average family was at least Stg 5000 a year for the austerity package and the bail out.
This now has to rise to Stg 7500.
Don't let the government fool you, it will cost us at least this for the next 5 years.

Expect more unrest in the UK with strikes becoming more often and unemployment rising hasn't stopped yet!
2013 will be a little easier for unemployment and the economy.


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