Europe Economy  

I think the economy over there is well on its way to collapse. They have so many entitlement programs that they can't afford to fund them all and Greece is a prime example. In Greece, the people are not willing to sacrifice anything to restore their country to economic health and thus they are rioting-have been for a couple of weeks now. All those programs are great--short work days, great health insurance, long vacations, high pay and early retirement at full salary--but unsustainable for any country unless they have a huge export capacity.

Just my opinion, of course.

Here in UK, people say they are broke and that times are so bad. They pubs and restaurants are still busy, life goes on

all the best urban

The economic collapse of Greece will have deep impact on the surrounding countries. Not only greece facing such problem, Ireland, Portugual, Italy and Spain are facing the imminent problem too. So, watch out your investments in Europe, and keep your information updated about the current situation.

I am not so keen about Europe right now. But last two years ago when I was there particularly in Spain the business is just alright but I really dont know how good it is. But like in any other country the economy is somewhat not in good terms.