Going Off Greece Rapidly

Once high on my list of favourite Holiday destinations Greece is rapidly falling out of favour! Talk about a country living

Custom USB Jenga

beyond its means and then expecting eveyone else to pick up the pieces.

I know its small beer (or is that small Ouzo) but the downgrading of Greece's debt by Standard and Poor today has seen the pound (GBP - £) fall dramatically against the USB ($) and net result of which is that its now much tougher for me to sell branded memory sticks to my customers because we buy them in dollars and the price is now several percentage points higher than they were yesterday!

OK I know trivial but multiply this effect across all the businesses in the UK and Europe who were about to pay for products from China and the impact is huge - throw into this mix the amount of money Europe is now going to have to spend to bail out Greece and you get a feel for the level of frustation. Ironic then that the Greeks themselves are protesting on the streets at the level of cut-backs they face to try and reduce their debt levels.

Now find me some plates to throw at someone to work off my angst!

Comments

[Giancarlo Rosso]

EU was built on money, no solid foundations. This is what happens when things are "on the easy side".