Friday, January 02, 2009

The euro is in trouble!

"The greatest problems, in the short term at least, are in the four Mediterranean economies known as the PIGS - Portugal, Italy, Greece and Spain.
For each of these countries, the euro has already proved a disaster. Put simply, most of the PIGS are so heavily indebted that the market no longer believes they will be able to repay their borrowings.
Normally, if a country falls into too much debt, it can devalue its currency, essentially devaluing its debt burden - this is exactly what Britain has done over the past few months. In the euro-zone, however, the currency's value is set centrally. "

Peter Oborne.

If just ONE of these nations quits the euro, the whole house of cards will tumble!

Christian teaching in our schools.

  The UK Supreme Court has ruled that Christian teaching in our schools is a human rights violation. If this stands, it could be used to era...