What is the mood in Britain concerning bailing out Greece, Spain, etc?
And you thought you were done bailing out your neighbor on his mortgage because he was irresponsible and in way over his head! And you thought you were done forking over money to millions of people to buy new cars when you still drive your clunker! And you thought you were done buying new appliances for the whole country when yours are wheezing along due to your frugality and spendthrift, responsible ways. Thank you for your responsible lifestyle. If you like, I can loan you my shirt:
The mood in Britain that I have come across is similar to the German model: i.e. ‘don’t bail those parasites out’.
Fortunately we are somewhat insulated from it because we don’t use the Euro. We have a fair amount of sovereign debt riding on the line , especially to Ireland, but our currency isn’t getting scragged by this. We can afford to point and laugh at the Greeks.
Britain is probably thanking their lucky stars they didn't join the EMU, a receipt for disaster. LOL!