Tuesday, 27 September 2011

100 Words for Grownups Week 12

The prompt for this week's 100 Words for Grownups is ... euro meltdown fear... written in a journalistic style. My fear was so great I nearly did not have a go. Today, I got brave and had a go - here it is.

UK not to blame!

Europe stands petrified as the euro meltdown fear creeps across it like volcanic lava and UK financial gurus can sigh with relief. Whatever happens about Greece, or indeed Ireland, the fact that the UK did not join the Euro is to be applauded.  Undoubtedly as billions of euros are poured onto the terminal embers of the Greek economy, the rest of Europe wonders how it will end.  The money has to come from somewhere, but does the reservoir of the European Central Bank contain sufficient to prevent the fires of insolvency from spreading further and further? Only time will tell.