Home |
Search |
Today's Posts |
|
London Transport (uk.transport.london) Discussion of all forms of transport in London. |
|
LinkBack | Thread Tools | Display Modes |
#9
|
|||
|
|||
"Crossrail budget may be slashed by a third"
On Thu, 27 May 2010 09:02:34 -0700 (PDT), allantracy
wrote: Over in Ireland, they've already reached the point of closure proposals. The poor Irish. They were the first Euro zone country to hit severe problems as a result of the credit crunch. Their courageous government brought in a severe austerity programme with massive cuts in public spending and huge rises in taxes. This stabilised their economy which is just seeing a return to growth and beginning to climb out of recession. Then along came Greece, whose economy was in an even worse state. But the Greek government did almost nothing, continued to borrow more and more, and eventually got to the point of no return. Then the whole of the Euro zone got together and gave Greece a very generous bail-out package. Poor Ireland, who had already gone through hell to put their own economy back into shape, could only look on in amazement as Greece got major hand-outs from other Euro member states. Ireland got no help at all. And, to add insult to injury, Ireland had to pay some of the bill to bail out Greece! The joys of Euro membership ... |
Thread Tools | Search this Thread |
Display Modes | |
|
|
Similar Threads | ||||
Thread | Forum | |||
"Transport for London cuts £7.6bn from budget" | London Transport | |||
Major Watford projects face axe as spending slashed | London Transport | |||
Fwd: Planets Gather on May 5 and May 17, 2000 | London Transport | |||
"The Olympics will be late and over budget" | London Transport |