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FarCenter

(19,429 posts)

5. Not vast, just in London

Reply to cthulu2016 (Reply #2)

Fri May 18, 2012, 08:15 PM

May 2012

The rest of the world might then free itself from the US/UK financial model.

When the news reads "country X sovereign bonds credit ratings are lowered" or "bank Y requires new capital injections to compensate for lowered credit ratings", where do you think those statements are coming from?

Where do you think the hedge funds manipulating derivatives to cause runs on banks and countries are located?

London and New York.

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Highlight:

British economy may 'never quite recover' from a severe Euro collapse [View all] FarCenter May 2012 OP

Y'all recovered just fine from WWs one and two... DCKit May 2012 #1

Yet another OP hoping for vast human misery cthulu2016 May 2012 #2

The great majority of the population will suffer horribly, Swede May 2012 #3

You have a plan to avoid vast human misery or even proof that generational austerity will turn out TheKentuckian May 2012 #4

What are you talking about? cthulu2016 May 2012 #7

I'm against breaking up the eurozone, but they probably have to chuck out the Greeks FarCenter May 2012 #9

The EU is going to have to have some control over member nations debt. Both the EU and North RB TexLa May 2012 #10

There are no other choices available at this time and none will present themselves TheKentuckian May 2012 #11

Not vast, just in London FarCenter May 2012 #5

good point BOG PERSON May 2012 #6

And the Brits were cheeky enough to think there would be no pay back for their coalition_unwilling May 2012 #8