What affect is is having on the EU?
The latest Financial crisis is having a big effect on the EU, what do you think people feel like if this is happening?
- In my opinion, I think they would feel very stressed and this is having a BIG impact on others, people are getting stressed and drinking alchohol, taking drugs etc to get the stress away.
Personal debt levels are at record highs and our banks are fast disappearing from the high street.
Low interest rate have left savers enduring a decade of paltry returns, but it's never been cheaper for mortgage borrowers.
House prices depend on what HOUSE you buy, some even go up to 10,000,000. Some are just 8,000.
Ten years ago you could get 5% on instant access savings, more than 6% on a one-year bond and 7% on a five-year bond from well-known established high street names.
In my opinion, I would like to find out how much money was taken away during the Financial crisis.
The response in Europe was largely one of increased government borrowing, offset by packages of tax rises and spending cuts. The approaches in France, Germany, Ireland, Italy, Spain and the United Kingdom have been in some ways similar, but important differences in the balance of taxes and cuts.
In the years before 2007/2008, Ireland and Spain appeared to have the healthiest fiscal positions.
Why do YOU think these happen?
Tell me your prediction why these might happen in the comments below!