dockingtrade
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Why the 5.8%, surely the eu know that this will more than likely lead to a default as we'll have little or know growth and the repayments just wont be affordable and the reserves will be gone. The EU wont want a default because of the knock on hysterical effect around europe.
Or is this a way for the EU to force the govt to impose the 20-30% cuts in SW and the PS as the 5.8% will give them no option but to cut to this extent.
Or is this a way for the EU to force the govt to impose the 20-30% cuts in SW and the PS as the 5.8% will give them no option but to cut to this extent.