The EU is phooked...

[1959_60]

If I were you I would be more worried about your own country.

Up to 35% contraction in our economy in this quarter. Normally a third of one per cent would be worrying....but a third of our entire economy is off the scale.

Unemployment estimated at 3.5 million in June....

It is hoped that it will bounce back later (if restrictions are lifted) but it is estimated that our economy will still be 15% down.

So I reckon you prophets of doom should be looking a little bit closer to home. This time we really are on our own.

[sinkov]

If I were you I would be more worried about your own country.

Up to 35% contraction in our economy in this quarter. Normally a third of one per cent would be worrying....but a third of our entire economy is off the scale.

Unemployment estimated at 3.5 million in June....

It is hoped that it will bounce back later (if restrictions are lifted) but it is estimated that our economy will still be 15% down.

So I reckon you prophets of doom should be looking a little bit closer to home. This time we really are on our own.

You've changed your tune 59, this is what you were saying two weeks ago.

"A bit of a doomsday scenario there blueheeler? Practically every country will be in the same boat, and it looks like the vast majority of our decent companies will be ready to get going again as soon as they are able. I reckon things will return to normal a lot quicker than you think."

And this is what I was saying in reply, as usual you've come round to my way of thinking, these OBR forecasts are no surprise, I was predicting them two weeks ago.

"Tend to agree with Blue more than you 59, this is bad and economically potentially catastrophic, Blue mentions the Great Depression, if it only gets as bad as that we'll have got off lightly imo, it could well be a lot worse."