Telegraph Live: Reports that the move by the US/UK/EU and other Central Banks to loan to Banks recalls the move after the credit crunch of 2008. The problem is folks we still have the PIIGS out there, they are still in debt, they promise reform but the political costs are to high, in Greece the Government in Athens has been very slow to follow through with its austerity package, when your have riots on the streets of Athens, the birthplace of Democracy, and Rome once the greatest Empire in the World you have problems. The big problem is still Greece, how ever deep Government cuts the fact is that Greece will not be able to payback its loans or its debt. The only way for the EU and the Euro to go forward is for the PIIGS to get out, then bail them out, otherwise its turning good money in to toilet money, and it will end in tears folks.
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