Money, money, money. | Pinpoint bars, businesses and whats on nightlife

Money, money, money.

Italy forced to pay record rates
Belgium credit rating downgraded
US debt talks on verge of failure
Hungarian debt downgraded to junk
Portugal debt ratings cut to 'junk' status
Irish Republic on the eurozone critical list
Spain is bust
Greek total debt: €340 billion

Headlines just in the news this week!
It's obvious the Eurozone is in trouble, apart from Germany and France, any one of the member states could go bust in the near future.
What can a country do if it comes out of the Euro? Print loads of cash in its own currency? That would work for a time but any imports would get progressivly dearer which would put unbearable pressure on their home businesses.
Can people survive without any currency? A bartering scenario would evolve but it would not be long before using gold as a substitute currency would appear commonplace.
However it is tackled, the outlook is bleak. Lets hope a solution is found!

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