Jun 19th by Ian under Miscellaneous
http://www.bbc.co.uk/iplayer/console/b0120dm1
This link to Newsweek Scotland woke me from the reverie of warm downy cosiness, minute 18 to 36 is the poignant part. Nothing less than the downfall of the euro zone. The reason I bring it to your attention it is that I believe it, and I am not so sure why, perhaps it is because I believe politicians (in general) do not understand economics. The non control of the banking system is testimony to even the monetary erudite Mr Brown’s failure to understand the system, he understood how to fix it, just as well. But what this 18 minute interview does is explain the teetering domino that is Greece. And do not forget if the Ireland domino defaults (after Greece) our major banks will fail due to the debt held, and not repaid.


