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[Lizzie_Zoom]

So the UK has had to plan significant cuts in our running costs as we have no cash to spare, coming close to bankrupcy only a short time ago........................so much so that we can now offer help to Ireland, a foriegn country, in the form of a £7 billion (or £10 billion, depending on who you listen to!) loan!!!

http://www.bbc.co.uk/news/uk-politics-11807769


It is all mad!!!

[TheBoy]

Thats a very 'BBC' trash view on things, and surprising from you, Ms Zoom

[Field Marshal Dr. Opti]

.....and the next country requiring a bailout will be......................................................................................................................................................................................................................................................................................................................................................................

[Mysteryman]

.....and the next country requiring a bailout will be......................................................................................................................................................................................................................................................................................................................................................................

USA

[Welung666]

.....and the next country requiring a bailout will be......................................................................................................................................................................................................................................................................................................................................................................

My money is on Greece 

[Mysteryman]

Well the man on the telly said there's a one trillion euro fund so, theoretically, we could see another eight.

[Banjax]

.....and the next country requiring a bailout will be......................................................................................................................................................................................................................................................................................................................................................................

that is an ssue Opti - Ireland are OK 'cos we'll back them to the hilt not only as neighbours but theyre a massive market for us and also if they go under the umpteen hundred billion the RBS (ie us) is owed will disappear 

the problem is the next country to be in trouble wont be bailed so readily 

[Lizzie_Zoom]

Thats a very 'BBC' trash view on things, and surprising from you, Ms Zoom

No TB it is my view

Ireland is a) a foriegn country;  b) a member of the Euro club, and  c)  Britain is borrowing money per day to keep going, and yet  d) Britain can afford to loan £7-10 Billion whilst e) important services in Britain are being cut, costing f) tens of thousands of British jobs!

So we feel that Britain should help out a near neighbour................imagine if the country concerned had been France............!!!

[Banjax]

Thats a very 'BBC' trash view on things, and surprising from you, Ms Zoom

No TB it is my view

Ireland is a) a foriegn country;  b) a member of the Euro club, and  c)  Britain is borrowing money per day to keep going, and yet  d) Britain can afford to loan £7-10 Billion whilst e) important services in Britain are being cut, costing f) tens of thousands of British jobs!

So we feel that Britain should help out a near neighbour................imagine if the country concerned had been France............!!!

yep...it's almost like all these "desperately needed cuts" were ideological rather than fiscal after all - my suspicion all along 

[TheBoy]

Thats a very 'BBC' trash view on things, and surprising from you, Ms Zoom

No TB it is my view

Ireland is a) a foriegn country;  b) a member of the Euro club, and  c)  Britain is borrowing money per day to keep going, and yet  d) Britain can afford to loan £7-10 Billion whilst e) important services in Britain are being cut, costing f) tens of thousands of British jobs!

So we feel that Britain should help out a near neighbour................imagine if the country concerned had been France............!!!

We (taxpayers) pay a fortune for the Royal Family. But we know the ROI is always going to be good.

The ROI to the ROI (!!) is going to be good, considering the amount they put in to the UK economy

[Varche]

I think you have all missed a point here. Yes it sounds a lot of money but it is a loan not actual money.

Remember the Youtube  clip MarksDTM posted 3 pages ago?

We lend them a load of imaginary money and they pay us back imaginary money plus real interest at rate x%.  We in the meantime taking imaginary loans at hopefully y% interest where y is less than x..................The beauty of banking exposed.  The actual monetary figures are quite small especially compared to the supposed value of our exports to what -our fifth biggest customer.

Lizzie, I agree with your sentiment it all does seem rather curious and as Banjaxx says maybe the Condem cuts were another agenda.

[Lizzie_Zoom]

I think you have all missed a point here. Yes it sounds a lot of money but it is a loan not actual money.

Remember the Youtube  clip MarksDTM posted 3 pages ago?

We lend them a load of imaginary money and they pay us back imaginary money plus real interest at rate x%.  We in the meantime taking imaginary loans at hopefully y% interest where y is less than x..................The beauty of banking exposed.  The actual monetary figures are quite small especially compared to the supposed value of our exports to what -our fifth biggest customer.

Lizzie, I agree with your sentiment it all does seem rather curious and as Banjaxx says maybe the Condem cuts were another agenda.

Indeed it is a loan Varche, but what I would like to know is how much interest will the UK charge Ireland on a loan of, say, £10 billion? when the UK debt interest payments are currently £42 Billion per year?

So the UK pays interest on the money we loan Ireland over years................and in the immediate future cuts are being made in public expenditure to limit our borrowing to avoid it escalating so that the UK pays £70 Billion per year in interest payments!

Would you do that personally; would anyone? :-/ :-/

The British public are being taken for fools here, and I am a Conservative saying that!

[millwall]

.....and the next country requiring a bailout will be......................................................................................................................................................................................................................................................................................................................................................................

anyone who knows we are mug enough to keep helping out

[aaronjb]

But if we don't try to keep everybody afloat with all this (imaginary) money, then sooner or later everyone collapses..

There's no manufacturing industry here, because we priced ourselves out of the market, there'd be no manufacturing elsewhere, nobody making cars, computers, toys, anything..

There's little farming here (not enough to support the population) and there'd be no farming overseas..

I guess we'd end up 'resetting' the world - everyone would be left with the land they're sitting on and that's it (and/or the banks would own everything).

I suppose if you want to live in a Mad Max dystopia, not bailing anyone out is a good idea (Personally I think that'd be a laugh, as long as I can have the last of the V8 Interceptors.)

[Varche]

But if we don't try to keep everybody afloat with all this (imaginary) money, then sooner or later everyone collapses..

There's no manufacturing industry here, because we priced ourselves out of the market, there'd be no manufacturing elsewhere, nobody making cars, computers, toys, anything..There's little farming here (not enough to support the population) and there'd be no farming overseas..

I guess we'd end up 'resetting' the world - everyone would be left with the land they're sitting on and that's it (and/or the banks would own everything).

I suppose if you want to live in a Mad Max dystopia, not bailing anyone out is a good idea (Personally I think that'd be a laugh, as long as I can have the last of the V8 Interceptors.)

But there is (apparently) I am reasonably certain that ireland is our fifth biggest export market and less certain certain thait is worth £39billion presumably a year. Just what it is beats me . maybe Scotch whisky and Exmoor venison?!