Hi Brian

Not a bad statement.Sadly enough you and me live in the wrong country or State now.Like I said before the debt need to be payed or someone has to take the loss on his account.Now thaty government are running out of tools to push things ahead of them the sad story is neering which means everyone living in those affected countries or States need to be prepared for higher taxation etc..But on the other hand the most hidden sector is the financial one but so far we don't hear much of other sectors doing bad so far besides that companies here has put large amounts of money by the ECB instead of making investments.

But supposing prices will go up by inflation does that mean economy will struggle.The real thing is government wallets are empty but not those from their citiziens .Don't know the situation in the US or elswhere but here people are far from poor guys .They have lots of saving money at the bank or have properties etc..and I guess this is also so in many other Eurozone countries .Even the Greek people are not so bad as assumed but of course their government is forced to take very severe action which can cost them to much money.If taxations or not in an amount that we really need to shorten the belt things can go less difficult like some have in mind.

The only thing we need in Europe is a common handling of the problems instead of protecting the own country .That's the difficulty of the Eurozone compared to the US.We don't feel Europeans.We think to much at the own country and it will never come to a State like the USA where patriotism is common.If we in Belgium in such a tiny country have problems to found sollutions for the Dutch and French part how should Europe act as one.The only benefit we have is the Euro as currency which can protect attacks on one country currency like it was before but that's all.

I think CLL will survive .What we see now is a lot of emotion swings in the markets.Yesterday Dexia bank here tumbled more then 33 % .I didn't look to CLL's sp for a long time .I only read here sometimes how much it is .It's not CLL which is down look for example to some big Eurozone banks.Some are nearing levels below 1 €.

Nothing is safe these days.At the end sometimes if you have money left it's better you buy something with it you like and enjoy it instead of buying shares these days and having headache or stomach problems.