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Wasn`t expecting this - Austria about to implode

tirano
tirano Posts: 111 Forumite
in Debate House Prices & the Economy
Seems the Austrian Banks have been pumping billions into East Europe, its all gone wrong and its payback time

http://www.telegraph.co.uk/finance/4691108/EU-mulls-action-as-Ukraine-crumble-triggers-contagion-fears-for-Europe.html
«134

Comments

  • Jennifer_Jane
    Jennifer_Jane Posts: 3,237 Forumite
    1,000 Posts Combo Breaker
    Best to start learning Russian!
  • ad44downey
    ad44downey Posts: 2,246 Forumite
    At least one country then is going to go bankrupt before us. That'll cheer Gordon Clown up a bit no doubt.
    Krusty & Phil Madoff, 1990 - 2007:
    "Buy now because house prices only ever go UP, UP, UP."
  • mewbie_2
    mewbie_2 Posts: 6,058 Forumite
    1,000 Posts Combo Breaker
    "The political risks in Ukraine are huge. The country has a large Russian minority, much of it living in oblasts near Russia's frontier, creating an open door for the Kremlin to intervene if the crisis leads to civil disorder. "

    Sometimes the problems of UK house prices don't seem as urgent anymore.
  • Masomnia
    Masomnia Posts: 19,506 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    ad44downey wrote: »
    At least one country then is going to go bankrupt before us. That'll cheer Gordon Clown up a bit no doubt.

    Our credit rating is still AAA; Spain and Greece have been downgraded. Hungary is BBB and about to be downgraded, same for Czech Republic and Poland it said on Bloomberg today.

    Remember Iceland?
    “I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Masomnia wrote: »
    Our credit rating is still AAA; Spain and Greece have been downgraded. Hungary is BBB and about to be downgraded, same for Czech Republic and Poland it said on Bloomberg today.

    Remember Iceland?

    Maybe those Polish that are said to have returned home will be doing an about turn :eek:
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • sabretoothtigger
    sabretoothtigger Posts: 10,036 Forumite
    Part of the Furniture 10,000 Posts Photogenic Combo Breaker
    ad44downey wrote: »
    At least one country then is going to go bankrupt before us. That'll cheer Gordon Clown up a bit no doubt.

    except their collapse would make our fortunes worse I think
  • mr.broderick
    mr.broderick Posts: 3,778 Forumite
    1,000 Posts Combo Breaker
    mewbie wrote: »
    "The political risks in Ukraine are huge. The country has a large Russian minority, much of it living in oblasts near Russia's frontier, creating an open door for the Kremlin to intervene if the crisis leads to civil disorder. "

    Sometimes the problems of UK house prices don't seem as urgent anymore.


    Nice post mewbs. Can't get my head round the highlighted ...
  • Any
    Any Posts: 7,959 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    mewbie wrote: »
    "The political risks in Ukraine are huge. The country has a large Russian minority, much of it living in oblasts near Russia's frontier, creating an open door for the Kremlin to intervene if the crisis leads to civil disorder. "

    Sometimes the problems of UK house prices don't seem as urgent anymore.

    Yep, and half of the people from Ukraine is in the Czech Republic... :eek:
  • sabretoothtigger
    sabretoothtigger Posts: 10,036 Forumite
    Part of the Furniture 10,000 Posts Photogenic Combo Breaker
    Isnt Austria in the Euro



    http://en.wikipedia.org/wiki/Austrian_School_of_Economics :o
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    tirano wrote: »
    Seems the Austrian Banks have been pumping billions into East Europe, its all gone wrong and its payback time

    http://www.telegraph.co.uk/finance/4691108/EU-mulls-action-as-Ukraine-crumble-triggers-contagion-fears-for-Europe.html

    another country going bust - i'm still waiting for the Wilsons and Ireland to go bust...
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