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    If everyone were to take Philip's advice then you really would precipitate a crisis. There is no doubt that we have a serious situation but there is no need to flap around and panic like some demented parrot.

    We have a crisis cause by too much irresponsible government tax, spending and borrowing added to a mad currency experiment.

    The currency experiment needs to be dismantled and governments must cut back spending (in the UK as well as the Eurozone) while deregulating business and in particular the labour market to help tackle unemployment. Politicians do know what needs to be done but some (many) are held back by their ideology and crazy belief in themselves and big government.

    As for the comment about equity markets, these are in for a lot of wild swings and no-one should take short-term bets.

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