Why So Much Coverage ?

[Canary42]

Why are we getting so much coverage on "the Greek crisis" ?

It's a small country a long way from GB, and we aren't in the Eurozone ourselves so why oh why does it take prime slot and at great length in our News bulletins.

[Hymie]

They owe you & me 10 billion euros.

[Buenchico]

1. Greece owes €9.4 billion to the UK. If they failed to pay what they owe our own economy would suffer.

2. A Greek default could lead to a massive fall in the value of the Euro. That would hit business confidence and share prices worldwide, probably plunging many major economies into depression. (That's why the US authorities are particularly keen to see a deal done. While Greece only owes the USA €6.4 billion, the collapse of the Euro could have major knock-on effects to the US economy).

[Canary42]

Thanks H & B for that - I feel less annoyed now :-)

[Clanad]

As Chris relates, we've already seen a great deal of wobbling of the stock and interelad currency markets here all due to the uncertainty of what happens in Greece.

[mikey4444]

Canary....its a far away country, of which we know little .......

Now where have I heard that before !

[bazwillrun]

€9.4 billion

we give the eussr more than that each and every year !

[Svejk]

^And bongo-bongo land.

[bazwillrun]

Yup, that we do...in fact we seem pretty damn efficient at giving money away...

[ichkeria]

Funnily enough I have wondered the same thing.
I am pretty damn sure it's not because they owe us money as I have barely heard it mentioned. I think it's simply that we all like a good crisis :-)
And the weather is quite nice there

[anotheoldgit]

Perhaps it is because the EU expect the UK to come up with £1 Billion bill for emergency loans.

http://www.dailymail.co.uk/news/article-3159806/British-taxpayers-liable-1BILLION-emergency-loans-Greece.html