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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 366.54+1.2%Nov 5 4:00 PM EST
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To: elmatador who wrote (60792)2/7/2010 5:11:44 AM
From: KyrosL  Read Replies (1) of 217545
 
I don't think so. Ireland may have the same deficit as Greece but has way less public debt relative to GDP and took very tough austerity measures early without much public protest. UK is in dire straights, but it's not in the Euro zone. Theoretically, they can paper over their problems by printing pounds, something Greece and Ireland can't do.

The new Greek socialist government announced right after it was elected last October, that the 2009 deficit will be 13% instead of 6%. This created a crisis of confidence. It was not that hard to see:

Message 26010982

I am sure that Greece is used as a tool to attack the Euro, but I doubt "the anglos" are responsible.
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