Euro
Top British Economists met secretly with foreign counterparts from France, Germany and Switzerland in Brussels to discuss the ailing problems of the Euro.
Apparently, in due response to a 30 basis point rise in the US Treasury, inflation soon will hit Europe. Already prices on food and other com
modities have been noticeable by daily consumers.
The British revealed a comprehensive study, showing that the Greek, Spanish and even Italian economies have been performing completely on falsified numbers and cannot even afford to pay interest on loans from Germany.
Greece is not expected to make it through the summer. With Italy and Spain failing before year's end. Possible solutions in Spain involve certain communities using pesetas in regular use Over 700 million Spanish Pesetas are still unaccounted for. Should these return, the Spanish economy will in fact weather the storm, but inflation will still see commodities spike in price.
Correspondent Ibrahim Abu al-Naggar reports
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