Wednesday, August 1, 2012

South Euro leaving the Euro would give them a chance to their currency / new currency to devalue .... TRUE and this will benefit their export and their GPD will got high sky! Unemployment in those countries will be drastically reduced. The opposite would happen to Germany whose new currency would increase value and ... BOOM! A new nation of unemployed people will come to life! Where would ***those*** (North Europe) unemployed go?? UK is the country i Europe with the highest private debt. Many people in the UK are very poor and live with social aids. These people are NOT considered unemployed while they are considered such in other countries! The UK government is running out of money and that's one of the reasons why we have a horrible NHS service. Many here in the UK are full of debt while in other Southern European countries they still have plenty founds in the banks. When those poor go abroad they *seems* to be rich but that's just an illusion created by a strong currency. True there are many wealthy people in the UK but they represent a minority and they are mainly concentrated in London. Most people living in Southern European countries are home owners while this can't be said for many Northern European countries. France is having HUGE problems at the moment --- Have a look to the REAL situation at http://markosun.wordpress.com/... ... and see where is the UK its real Total Debt (PUBLIC + PRIVATE) ratio is ... 398% of the GDP!!!
Italy has a 124%, Spain 157%, Germany 143%.
True the UK is a very powerful country but don't forget Italy is part
of the G7 and never asked/needed any help.
Japan has GDP/PUBLIC DEPT ratio of 220%, which is the highest in the world, about double of Italy and 3.5 times more than Spain.
In conclusion ... everyone can think what they want but ...when you make your considerations get first the full picture of the situation.
Remember also that Germany is playing a dirty game with Southern European countries. Germany is happy to have a weak Euro as it helps their export. At the same time they want to keep the bond market separate to the other countries. Very selfish. Final but not last .... the UK has been struggling with unemployment. Think to what it will happen here when the Olympic bubble will be gone in few weeks time ....
Having said this ... I really hope the best for our beautiful UK but the future is getting darker.

1 comment:

Anonymous said...

Francois Hollande was the latest to pledge eurozone leaders would do “everything possible” to save the euro following a