Jeffrey Shaw Posted July 12, 2011 Share Posted July 12, 2011 BBC Radio 4 reports this evening sound like that may be on the way! Link to comment Share on other sites More sharing options...
Fareast Posted July 12, 2011 Share Posted July 12, 2011 No big surprise. Any of the countries [ including our own ] that has spent billions of Euros [ or Pounds ] on paying a vast army of non-productive pen-pushers very good salaries and pensions over the last 2 or 3 decades is almost bound to fail one way or another. Add to that ---expensive, rather pointless wars and propping up a ' feel good ' factor with the electorate by elastic-style credit ; also add on financing the whole overblown bureaucratic edifice of ' Plan Europe '.......and it 's a perfect recipe for winding up skint. The only real surprise is that so many of our ' experts ' and pundits genuinely couldn 't see it coming. Are they paid to be stupid.....or really stupid ? Link to comment Share on other sites More sharing options...
Mecky Posted July 12, 2011 Share Posted July 12, 2011 Italy relies heavily on tourism but it has other things going for it Link to comment Share on other sites More sharing options...
TeaFan Posted July 12, 2011 Share Posted July 12, 2011 Crikey, that Gordon Brown was busy wasn't he? Link to comment Share on other sites More sharing options...
Mecky Posted July 12, 2011 Share Posted July 12, 2011 Crikey, that Gordon Brown was busy wasn't he? Would you care to explain? Link to comment Share on other sites More sharing options...
alex3659 Posted July 12, 2011 Share Posted July 12, 2011 Will this put the price of pizza's up?. Link to comment Share on other sites More sharing options...
Mecky Posted July 12, 2011 Share Posted July 12, 2011 Will this put the price of pizza's up?. I'm not sure pizzas are Italian just like spaghetti isn't Italian Link to comment Share on other sites More sharing options...
andyofborg Posted July 12, 2011 Share Posted July 12, 2011 the italian economy will only fail if it allows the speculators to succeed. the italian should take immediate action against them by passing legislation to declare all bonds issued by the italian government under italian law null and void this may cause some short term liquidity problems amongst some banks, if it does then national governments can either rescue or liquidate any failed bank under their jurisdiction directly rather than funnelling money through italy while at the same time dismantling the italian economy (like they have done to greece) Link to comment Share on other sites More sharing options...
Jeffrey Shaw Posted July 12, 2011 Author Share Posted July 12, 2011 Will this put the price of pizza's up?. No, but bread may rise. Link to comment Share on other sites More sharing options...
Jeffrey Shaw Posted July 12, 2011 Author Share Posted July 12, 2011 the italian economy will only fail if it allows the speculators to succeed. the italian should take immediate action against them by passing legislation to declare all bonds issued by the italian government under italian law null and void this may cause some short term liquidity problems amongst some banks, if it does then national governments can either rescue or liquidate any failed bank under their jurisdiction directly rather than funnelling money through italy while at the same time dismantling the italian economy (like they have done to greece) But the mugs (= UK taxpayers, and other countries') have to pay-up. No EU funds are sufficiently large to cover Italy/Spain's debts. Glad to be in EU? They are; we're not! Link to comment Share on other sites More sharing options...
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