U.K Similar to Iceland Now !!!

luvpump

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/4299883/UK-cannot-take-Icelands-soft-option.html

To me this makes Scary reading !!! :shocked:

neas

indeed....

smartn

luvpump wrote: »

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/4299883/UK-cannot-take-Icelands-soft-option.html

To me this makes Scary reading !!! :shocked:

Usual headline grabbing stuff but the following taken from the article doesn't sound to bad to me :-

"In a worst-case scenario we estimate the cost of recapitalising the UK banking system to be in the region of £83bn (5.7pc of GDP)," he said. "

So why they insist in talking in terms of trillions I don't know.

Rochdale_Pioneers

And we're not the only country whose banks owe uncounted trillions from their part in the collapsed pyramid scheme. Perhaps what us, America, Germany etc need to be discussing is a debt write-off. We all default on these banks together and run our banking sectors via the banks that each government now owns.

alared

U.K Similar to Iceland Now !!!

Yea,including the weather

stevetodd

alared wrote: »

U.K Similar to Iceland Now !!!

Yea,including the weather

No it's completely different they only have one bad football team but we have 3 plus one that's not too bad (but often lets us down just when we begin to hope)

mardatha

In that article it says around half a dozen countries are not at risk -or words to that effect. Competely safe. Can I ask those of you in the know, which countries they are ? Which countries are least affected by this ?

Cissi

Ok, off to start writing my own sign [strike]:xmassign:[/strike] Helvitis fokking fokk!

(tried to strikethrough the sign, but that didn't work! Oh well, you get the idea!)

luvpump

smartn wrote: »

Usual headline grabbing stuff but the following taken from the article doesn't sound to bad to me :-

"In a worst-case scenario we estimate the cost of recapitalising the UK banking system to be in the region of £83bn (5.7pc of GDP)," he said. "

So why they insist in talking in terms of trillions I don't know.

I am hopeing that it is just a Sensational article, but this isn't The Sun, so who knows !... Maybee it really is going to get that bad !

scousethife

http://www.guardian.co.uk/commentisfree/2009/jan/21/iceland-globalrecession

luvpump

scousethife wrote: »

http://www.guardian.co.uk/commentisfree/2009/jan/21/iceland-globalrecession

And to think less than two years ago this country was being hailed as a wonder economy ... u.k to go the same way ?? .. Its a possibilty..