Sunday, 17 July 2011

Economic crisis shows no sign of letting up with yet more grim news

Daily Mail
"..The crisis over Italy’s crippling debts intensified as Rome’s announcement of a new austerity package failed to calm the markets. Many analysts now believe that Italy will soon follow Greece and Ireland in demanding an EU bailout. ....For the British taxpayer, these are worrying omens. More than two-thirds of our trade is with the EU and America, and our banking systems are so intertwined that catastrophe for them is catastrophe for us. Indeed, the European Banking Authority revealed British banks have a terrifying £200billion tied up in the five weakest eurozone economies. ....
BBC’s corrosive power
...MPs complain that the power of the Murdoch empire has been corrosive.
But hasn’t the power of the BBC juggernaut with its pro-immigration, pro-euro, pro-multiculturalism, anti-church, anti-marriage, politically correct Left-wing and anti-American agenda had a far more corrosive effect on British life? "

No comments: