News, personal thoughts and other stuff that I am interested in. Served as an elected Regional Finance Convenor for London Unison. Accredited rep. Employee Relations practitioner with 28 years of on the job experience. Support Water Aid.
nick venedi
Saturday, 5 November 2011
Euro survives until Italian spagetti hits the fan..
The euro has survived the first round of the fight with reality but the Greek crisis has shown us how weak the entire euro project is. The Greek economy is around 4% of the entire volume of the EU whereas the Italian share is much near the 10 r 12 % if a country with a 4% stake can bring the euro down Buddha knows what the affect of the pending Italian collapse will have on it. So when the spaghetti hits the fan we will all be saying goodbye to the euro...
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