Technology5 mins ago
Commonwealth Games
The commonwealth games in Delhi look like they are going to go ahead despite shootings,rancid living conditions,poor water supplies,local poverty and looting.Glasgow 2014 is gonna have to up its game !!!
Discuss ;)
Discuss ;)
Answers
Best Answer
No best answer has yet been selected by Dris. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.Germany are a major net contributor to the Eurp pool.
(in fact, they must be fed up with propping up most of the EU).
If the Euro imploded, the German economy would be self sufficient. The rest of the EU, whose economies are artificially propped up by circulating Bonds and loans, would be in trouble.
Imagine if everyone lost confidence in GBP and decided to cash in their Treasury Bonds ... the Govt doesn't hold the reserves to pay out on them.
GB would be ... what's the technical term ... ?
... "screwed" ??
(in fact, they must be fed up with propping up most of the EU).
If the Euro imploded, the German economy would be self sufficient. The rest of the EU, whose economies are artificially propped up by circulating Bonds and loans, would be in trouble.
Imagine if everyone lost confidence in GBP and decided to cash in their Treasury Bonds ... the Govt doesn't hold the reserves to pay out on them.
GB would be ... what's the technical term ... ?
... "screwed" ??