Daily Mail
"Today, as the eurozone’s leaders gather in Brussels to discuss yet another bail-out for Greece — whose borrowings are expected to reach 172 per cent of its GDP soon — they do so against the background of a stark warning from the IMF that Europe’s runaway debt crisis is now threatening a global ‘earthquake’ that could wipe £400 billion off the value of the economies of the world, including our own.
A study by the think-tank Open Europe finds that the European Central Bank alone, in charge of the euro, now faces liabilities of £444 billion — a third of the entire value of Britain’s economy.
....The truth is the politicians and the money men run around like headless chickens while Europe is on the point of being sucked down into a black hole, the depth of which no one can begin reliably to guess at."
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