IMF Report (Don't read if your British!)

[Mega]

http://www.spectator.co.uk/coffeehou...-verdict.thtmlMike

[tragoudistis]

Re: IMF Report (Don't read if your British!)

Bad news for British. What is your opinion about Greek economy?
Are we better,because have euro?
Or that is bad for Germany?

[gwynedd1]

Re: IMF Report (Don't read if your British!)

Bad news for British. What is your opinion about Greek economy?
Are we better,because have euro?
Or that is bad for Germany?

Hi tragoudistis,

I would say Britain has an advantage on the pound Sterling. Even if the international demand is low Britain has a local currency where at least Britain can buy from Britain. Ireland on the other hand cannot even buy from themselves. Germany is also a winner, relatively speaking, since the money will flow to safety in the Eurozone and that seems like Germany.

[Chris]

Re: IMF Report (Don't read if your British!)

Don't worry about that Mega. We've got more pressing issues to worry about - like deflation. If you read the UK press they're all touting the deflation story provided to the hacks by some Treasury minister or another. So much for independent reporting.

When RPI was going through the roof, suddenly CPI was the official measure of inflation. Now that CPI is still high but RPI has collapsed, RPI becomes the measure of deflation.

Thank god for iTulip (or thank nobody if you're atheist )! At least I can come here for a few hours a day and escape the mad, mad world we're currently living in.