Is The Souths Economy in similiar state as Greece?

ang1706


Joined: 28/01/2009
Posts: 570

Message Posted:
01/05/2010 19:41

I apologise if this has been asked previously, but with Greece in a complete Economic Mess what condition is the South's in.



Are they healthy or are they being quiet and will be joining other countries?

Deniz1


Joined: 28/07/2009
Posts: 3829

Message Posted:
01/05/2010 20:03

Last week the south side were told to increase some prices that have been kept artificialy low such as petrol which would thyen have a knock on effect on other prices. Every time i go there which is not often the prices go up and up. No one will be able to afford to buy anything there soon. Then they will have to borrow money like the greeks.

Groucho



Joined: 26/04/2008
Posts: 7993

Message Posted:
01/05/2010 20:06

They are purportedly about to loan 60m Euros to mainland Greece... From this I deduce, they wouldn't appear to be in quite the mire Greece is.... Ah but is it all smoke and mirrors?

ang1706


Joined: 28/01/2009
Posts: 570

Message Posted:
01/05/2010 20:59

Thanks guys that very interesting.

AlsancakJack



Joined: 14/08/2008
Posts: 5762

Message Posted:
01/05/2010 21:02

Grouch

Did the ROC lie about their fiscal status to gain entry to the EU?

I think you already know the answer to that one and it is another potential time bomb waiting to go off.

AJ

ang1706


Joined: 28/01/2009
Posts: 570

Message Posted:
01/05/2010 21:03

Taking assumptions can be dangerous!

AlsancakJack



Joined: 14/08/2008
Posts: 5762

Message Posted:
01/05/2010 21:13

ang1706

I would much rather call them predictions rather than assumptions.