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Originally Posted by Stuart
Our economy is not directly linked to the Euro (which is one of the few good decisions Normal Lamont made as chancellor). Problems in the Euro zone may still affect our economy, but they are just as likely to if we leave. As a result, our government may still have to help bail out Eurozone economies, purely to stop them causing problems in our.
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So the problems in Greece do not effect our fiscal policy?
Quote:
Originally Posted by Stuart
Remember, the last recession was caused by problems in the US Economy.
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No, it was our under regulated financial institutions (banks) entering the sub prime market in the US, they were after making fast money and bonuses (which they held onto) at the expense of their customers investments.