italy to fall

LabR@t · 9 Nov 2011 at 23:17

The economic tsunami gathers pace and looks like Italy will require a bailout and who will be next France? Ireland?

Are you worried what 2012 will bring ? we are on the precipice of economic collapse the only way out I see is a major war as this has always followed these types of collapse.

I am concerned to say the least.

cm1179 · 9 Nov 2011 at 23:17

yay! go eurozone

JayMax · 9 Nov 2011 at 23:27

A major war? Are the Germans at it again?

rz30 · 9 Nov 2011 at 23:29

It doesn't worry me, at the end of the day we can write off all the debt we want and just start fresh, did it to africa, the only country that's going to say anything is china, they will moan and demand that our credit ratings are lowered, but that's it. It's all just funny money anyway.

pingwing · 9 Nov 2011 at 23:30

Dont mention ze war!

No1newts · 9 Nov 2011 at 23:30

Ireland have already went plop.

Eurozone is going one way, can only pray it doesnt take us with it!

cm1179 · 9 Nov 2011 at 23:30

rz30 said:
It doesn't worry me, at the end of the day we can write off all the debt we want and just start fresh, did it to africa, the only country that's going to say anything is china, they will moan and demand that our credit ratings are lowered, but that's it. It's all really funny money anyway.

aren't china going to bail you out?

Strife212 · 9 Nov 2011 at 23:31

Ireland is bust, Greece is bust, Italy is going down

http://www.guardian.co.uk/business/2011/nov/09/european-debt-crisis-eurozone-breakup

They let too many bankrupt and corrupt states into the euro and now it's come to haunt them.

Nerusy · 9 Nov 2011 at 23:33

You can't bail Italy it's too big.

Don't worry no war is coming.

Calm down, go to your nearest corner, crawl into a fetus position and quietly weep.

Vanilla · 9 Nov 2011 at 23:33

So I guess it's a great thing that we didn't actually join the Euro currency?

Still gonna hurt but maybe not as bad as it could be

Westyfield2 · 9 Nov 2011 at 23:34

If it wasn't for the fact that it'll be bad for us I'd say I want the Euro to go bust!

Go back a few decades and when suggesting the idea of the Euro anyone would have gone "LOL, be in an economic and monetary union with Italy? Who in their right mind would do that? They're corrupt!"... yet somehow they did.

kibblerok · 9 Nov 2011 at 23:40

Italy can't go - if it does the whole lot will fall as it's too big to bail.

There's just not enough money, too much debt and the only thing that seems to be being done is the debt being shifted around by means of the ECB which won't be able to help to the extend that's needed or the IMF - that other countries create debt themselves to fund.

LizardKing · 9 Nov 2011 at 23:47

Cheap Italian holidays here i come

Dolph · 9 Nov 2011 at 23:59

politics can never trump economics, that is why the euro has always been destined to fail.

Mickie · 10 Nov 2011 at 00:07

inequality it seems has caused a lot world debt..

people getting into a lot of debt they cant pay back to survive in the world at the moment.

i guess most of it is due to high house prices as this is the biggest thing anyone will ever buy in there life time.

nikeair94 · 10 Nov 2011 at 00:13

The bookies should take odds on who will be next.

Globul · 10 Nov 2011 at 00:14

I don't understand this very well, apart from we can't pull out cause a lot of our money from imports and exports come from Europe?

digipeep · 10 Nov 2011 at 00:33

France will rule the world, trust me, they want it so bad.

rz30 · 10 Nov 2011 at 00:42

digipeep said:
France will rule the world, trust me, they want it so bad.

Actually from what i read they think france will be next to go. Basically germany are the powerhouses.

Mickie · 10 Nov 2011 at 00:50

nikeair94 said:
The bookies should take odds on who will be next.

banks, hopefully