Where will the Greek growth come from to bring down their debts. There are plans to change many internal things, but there is huge resistance. Some Greek government assets may have to be sold off, but all of this will take time.

The Greek government have told the people that they face a choice of leaving the euro and face chaos and/or catastrophe. Or accept austerity. The Greek people have largely accepted that argument. But staying in the euro will ultimately bring years of hardship and social tension. Some people, the ones with money and skills will and are emigrating. Their is alredy poverty everywhere, homelessness and social break down.

It should not be taken for granted that the Greek people will accept all of this. This Greek crisis is far from over . . .

We have undertaken a review of affiliate activity on the V_ _ g _ n programme and have noticed that your website has not driven any applications for at least 3 months.

As your activity has been minimal on this product, we are advising that you will be removed from the programme with effect from Monday 20th February, so please ensure that you remove any details of this product from your website.

Should you wish to promote the programme in the future, please contact us with your proposals of how you plan to promote the product along with forecast volumes. With this information we can then consider reapproving you on to the programme.

Should you have any questions please contact us at the above email address.

SARCASTIC AFFILIATE REPLY:

Dear Mike,

I have recently undertaken a review of V _ _ g _ n activity on the television and other media and have noticed that Richard B _ _ _ _ _ _ is now a black man. I am confused by this and so are many of my website visitors, they seem to have shunned V _ _ g _ n adds over the last 3 months.

As the activity has been minimal on their product, I am advising you that I want to be removed from the programme with effect from Monday 20th February, so please ensure that you remove me from your V _ _ g _ n programme list.

Should you wish to use my website to promote the programme in the future, please contact me with your proposals of how much incentive you plan to give me along with a forecast of possible commissions. With this information I can then consider weather I want to promote this product on my Google UK number 1 Finance Directory. Should you have any apologies please contact me at the above email address.

………………………………………………………………………………………………

OK, I wasn’t going to send this to you at first, but I thought that it might help to make your emails a little more friendly in future.

Thanks,

DOWNTRODDEN AFFILIATE

The United Kingdom’s FTSE 100 fell 5.6 per cent in 2011, while France saw stock falls of 18 per cent and German stocks fell 15 per cent as fears for the survival of the euro bit. But United States stocks ended 2011 up. The euro has ended 2011 close to a 15-month low against the US dollar.

The crises in the eurozone has had a huge impact on world markets, as investors await a plan to ensure that Italy’s government can continue to support its mounting debts. The United States and Europe, including the United Kingdom, have had to accept that it may be many years before their debt ridden economies get back to normal.

Also in 2011 the United States lost its AAA credit rating, following deadlock in Congress over raising the country’s debt ceiling - or the legal limit on the federal government’s total borrowing.

But 2011 has been dominated by the euro crisis and the euro ended the year close to a 15-month low against the dollar after it shed more than 3 per cent last week. Many analysts suggest that it could drop even further in 2012.

France and Germany could bear the brunt of any bailout costs for the southern European states - and this has been reflected in the performance of their equity markets.

France’s Cac 40 dropped 17.5 per cent and Germany’s Dax fell 14.7 per cent in 2011. The United Kingdom’s FTSE 100 index is 5.6 per cent lower on the year, worries over the impact of the eurozone crisis did most of the damage.

Will 2012 be any better?

All of this money will go to the banks because supposedly that is the best way for the money to filter into the economy. But I am sure that it would be better to give everybody in the country about £4,000 to spend how they wish. For example they could spend it on upgrading their bathroom or buying a new TV, which would all help the economy in a different sort of way. This is much better than seeing the banks get it and sit on it, and still not even lending to small businesses.

In October 2008, the world’s financial system was on the brink of collapse. Even with the announcement of a multi-million pound bail-out, major British banks were about to go bust.  Gordon Brown came up with a plan which was at the time heralded as saving the European banking system. The government bailed out the faltering banks. But here we are again in the same situation.

Moody’s has just downgraded the credit rating of twelve financial firms in the UK including RBS, Lloyds TSB, Santander UK and Nationwide. The sticking plasters seem to have all fallen off and the culprits have taken all the credit and moved on, leaving an even bigger mess.

Is this the end of Capitalism?