I think we can look a little closer to home and see some very serious problems, how long before house price falls in the UK equal or even overtake Spain?
Have to say it makes my blood boil to hear the Labour Government taking the credit for a decade of stable economics when really the world economy was so benign even the lib-dems would have done a good job, now its all turned sour it seems its a global issue, of course we all know it is but the double standards are tough to swallow. Still at least Gordon saved a bit for a rainy day, oh no he forget! pity because it seems that the mother of all storms is coming and he cant even afford an umberella.
Globalisation is great in the good times, but we are now all so close together that when one falls we all go down like a row of dominoes