Unlikely. Have you noticed how all the useful lamp posts have been 'upgraded' to H&S friendly versions in recent years?

Take Russia Today with a pinch of salt?
Save some spoonfuls of salt for our own press, they need it far more than RT.

It's so we can have 'free' personal bank accounts.

Very interesting. Any chance of a link please?

Thank you. Very interesting.

The fact is that this is rapidly developing into the Euro Bank and currency crisis in addition to the inevitable HBAT's defaults. As we all know on PH the reality is that the Sovereign states crisis and Banking crisis are two halves of the same disaster.

Only in Euro La La land could an insolvent Sovereign state, Spain, seriously propose, rescuing the insolvent Spanish Bank Bankia, with Euro La La money from the Fairies at the ECB.

This just ensures that the ECB/Euro/Spain and Bankia are all in the brown stuff when Spain and Bankia fail. Which they will. Shortly. This really is just smoke and mirrors. There is just no real substance to these "Rescue" attempts whatsoever.

There is absolutely no future in any of this. The pathetic attempts of the IMF, ECB, EU leaders and all the other vested interests to pretend that all is well and salvation is just around the corner, just serves to underline, the abhorrent dishonesty, at the heart of all this appalling mess.

Spreading far and wide in the EU as stripy's post confirms. Layer on layer of consequences falling upon the Euro and the EU. It really is becoming difficult to establish where this will end.

I have suggested before that a Northern European grouping with Germany at the centre seems as very likely future for the EU to me. I cannot see any of the HBAT's recovering and, as DJRC reminds us, France is toast with the French Banks exposure.

I can see major changes to the entire European structure and Banking across Europe coming from this. Not a moment too soon, by the look of things on here.

Lloyd's battening down the hatches big time.

http://www.telegraph.co.uk/finance/financialcrisis...

I'm suprised that someone, somewhere has yet to see fit to carry out a bit of "retribution". I'm sure it will come.

Iceland had an exceptionally high profile amongst the Sovereign States that failed in the last banking crisis. Probably because the sheer level of unsupported debt, absumed by the country, was simply breathtaking when exposed to public view in the glaring publicity that highlighted the nonsense.

There was never any hope of a country with the tiny population and very limited resources of Iceland repaying any of this debt, created in a blind rush for mad expansion, by Icelandic Banks.

Uncontrolled Bank lending ruined Iceland. We can now`see the parallel in Greece, Spain, Portugal and Italy, exposed by the glaring publicity of the Euro crisis. The end result will be the same, for the HBAT's. Dishonest EU politicians will spin this out over a longer period. But default for ALL these states is absolutely inevitable.

That is crystal clear to all observers now. It really this has become a matter of time. And Billions of wasted Euro's, supplied in good faith by the EU taxpayers, have been thrown away by feckless EU politicians. The EU taxpayers deserve much better.

The time is approaching for the most serious realignment of the Sovereign states of Europe in the last 50 years. The consequences will be horrendous for the defaulters and seriously damaging for the rest of Europe.

I sincerely hope that the UK will come out relatively unscathed. There will be an opportunity for the UK to strengthen its position across the board of Europe. Given the children in charge of our country, I do not think we likely to take the opportunity. We can but hope.

I thought that, the first time you said this, it was unlikely that our 'leaders' would see the advantage and make the most of it. The expression involving a bucket of tits and coming out sucking ones thumb springs to mind

There are certain parts of 'Europe' that have recent history to suggest such an approach would be well within their remit. However they are not currently central to or directly involved with the problem. Should the storm come to envelope them I'm fairly sure they could set an example.