Today will be a truly of nailbiting and interesting day in European politics. I switched on the news this morning to find David Cameron has pulled out of the Eurozone rescue talks due to unacceptable demands which would place the city at risk. He is right to protect our financial services industry, as much as it galls me to say it – we need the bankers to stay in the city of London. We are now in what appears an isolated position and the markets will duly decide if that is a position of strength or weakness. The strain on the coalition will be interesting to observe given the Lib-dems euro stance.
On our high streets the carnage continues with Barratts going in to administation – I have never seen my local supermarkets so deserted a week before schools finish for Christmas – whether things will pick up next week we shall see – I’d say more shoppers on our high street is more likely than a resolution to the eurozone crisis though !
My tightly budgeted Christmas shopping is done and all the talk of financial meltdown makes me glad that we tackled our finances head on two years ago – it is our second Christmas where everything is paid for without credit so we can enjoy what we have without worrying about paying for it in the new year – its a shame the euro crisis can’t be solved as easily as stopping using credit!