I still think like I did back in late Spring that the Euro as a currency is Donald Ducked. I will be surprised if Germany and France allow this to continue into 2012.

Just seen borrowing rates for Government 10 year bonds.

Greece 31.75 Down
Ireland 8.2 Down
Italy 7.1 Down
Spain 6.61 Up
France 3.73 Up
Germany 1.78 Down

The main worry is France. They suddenly seem to be catching the Mediterranean Cold and their financial security is being eroded. Will they continue to want to bail out the Southern States and without France, Germany cannot continue on it's own.

It isn't going to work!!


The early austerity measures implemented by the Tories seem to have generated confidence within the Global market with the UK rate being about the 3% mark. That is something to be thankful for at least but now we need to see more employment growth, especially amongst the young. We need to get the Country working again now.

I see a definite North South European divide which the UK can be more of apart of but there will be a god almighty fallout with the Euro before then.