If you talk to the serious men – not the stupid, empty politicians and their media claque, they will tell you of their concerns ... and you can see it in their eyes. They know full well that the collapse of a currency is a life-changing event and, for many, will become a life-ending one.

Now, those concerns are beginning to leak to the surface – nothing that any intelligent observer could not have worked out for themselves, and the thrust of much of what we have been saying. When the collapse comes, this is not going to contained.

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Storm clouds, yes storm clouds and they are all pretending the forecast will be sunshine.

The EU tent will be blown away, and no one here will regret that, but there will be real casualties, little people caught up in the high winds of change.

Odds on the media et al blaming the problem on Greece and co not being sufficiently "European" in their outlook? I can almost hear the narrative being generated: they were too capitalistic, too greedy, they didn't listen to the wise men of the EU, they didn't want to play "fair". They'll say anything to avoid admitting that the Euro and the EU caused this, even if it means throwing half of Europe under the bus.

Perhaps the new carrier will be built just in time to sit off the Greek coast and enforce a no fly zone.

The Turks will do that! Free of charge.

Yes, we shall all get hurt when the maeltrom hits, with the exception, of course, of those responsible for precipitating it...although folk might have correctly learned at whom to direct their ire & retribution. (Knitters, keep busy please)
I have my doubts that the catharsis will be beneficial.
When it is all over we shall pick up the pieces and start over...and then make the same stupid mistakes we made in 1945...or maybe not?

Storm clouds indeed, we know where our leaders will be, anywhere but effin Britain - that's an absolute - AND?!?...................We the plebs? Well who cares two fs about us?

They don't give a tinkers or care now, they certainly won't when the Euro goes down and yes - a Winston is required but - there is no one of his calibre about.

For a while [months], I fear it will be good men standing firm, whilst all around is a tempest, until some sort of civil order can be forcibly emplaced - the Army, the police will have skedaddled long since.

And dont forget Portugal are no strangers to the odd coup d'état

Can we just send Cheryl Cole to Portugal/Greece do their X Factor shows to cheer them up ?

True ... and may yet have cause to remind themselves.

http://blog.p2pfoundation.net/spain-is- ... 2011/05/29 looks optimistic.

Sounds like one from the Met Office. Summer GDP is forecast to be Barbecue and Chief forecaster Michael Fish says 'Don't be silly, that is not a hurricane forming over the Atlantic'.

If Barbara Tuchman had been alive she would have had the opportunity to add another chapter to her book "The March of Folly".

No, I am not an economist, I am not an expert on geopolitics and national economics, but it was sooo obvious that the Euro adventure would end up in tears. That's one of the reasons we fought so hard to win our referendum. (The other one that as long as you are not ecenomically bound to the EU the ropes hodling you tied to that monster is still relatively easy to untie.)

Given the caveat above I still think there is one not too difficult way to reduce the pain of the Euro breakup; Germany should leave the Euro and get itself a new D-Mark. However, that is a solution that will not even be considered. The reason is the now entrenched belief that Germany and France will start a new war as soon as they have their own currencies.

So, instead we will have Greece default. Of course Greece cannot leave the Euro without defaulting, but likewise a default without a devaluation will only prolong the pain - a coup by the generals may not be such a bad idea. That would cause an immediate expulsion of Greece from the EU and the Eurozone. A good idea for Greece that is.....

And some more bad news: Europe Goes From Worse To Horrible: Ireland Broker Than Expected, Greece Mulls Splitting Up Into "Good" And "Bad" Greece

Nooooooo! We've got enough problems without that!

Some more news from Greece: Record turnout for 'Indignant' protesters in Athens



Not too bad for a movement that began on Wednesday, though l'ancien regime is not impressed:



And then we receive these good news: IMF rejects report about Greece missing targets



An apparatchik from Brezhnev's Soviet couldn't have said it better. But unfortunately we know better now, don't we. The Jok... sorry, the Juncker has told us how much we can trust what our politicans are saying. And talking of Jean-Claude Juncker this is what he said on Thursday: Juncker says IMF could deny Greece next tranche of aid



Of course not, but one should be careful with those double negatives Herr Juncker.

This is getting hairy ... sooner than expected ... we are seeing history being made.