UK to lend £7 Billion to Ireland

willk · 21 November 2010, 23:18

Clicky

What can we say?

Thanks!

And we'll pay ye back. Honest!

Zubenelgenubi · 22 November 2010, 00:22

New RIB's for all!!!!

Bigmuz7 · 22 November 2010, 06:49

And the quote of choice for me was

"Of course this will be money we have to borrow ourselves, because we don't have any money”

John Redwood Conservative MP

Erin · 22 November 2010, 14:57

What's the deal then, repayment in 2 years with new Redbays?

Mollers · 22 November 2010, 17:05

Feckin' shoite! Those boys have been 'avin' it large for years on EU money.

Now here's a bit more as you've blown the lot.

willk · 22 November 2010, 17:45

Quote:

Originally Posted by Mollers

Feckin' shoite! Those boys have been 'avin' it large for years on EU money.

Now here's a bit more as you've blown the lot.

In layman's terms, that's about it.

Too much money
Rampant Clientelism
Poor Government and no Oversight in Banking
Corruption that would bring a blush to a West African despot's cheek

On the bright side - we have the current lot of politicians on the run - I don't think that they'll last the week.

Hopefully people will be more level headed for the next decade at least.

Leaderscharter · 22 November 2010, 18:25

Quote:

Originally Posted by willk

In layman's terms, that's about it.

Too much money
Rampant Clientelism
Poor Government and no Oversight in Banking
Corruption that would bring a blush to a West African despot's cheek

On the bright side - we have the current lot of politicians on the run - I don't think that they'll last the week.

Hopefully people will be more level headed for the next decade at least.

Too True.
As far as having the current crop of politicians on the run goes, I dont fancy the big fellas chances if it comes to a foot race...!

willk · 22 November 2010, 19:43

Quote:

Originally Posted by Leaderscharter

I dont fancy the big fellas chances if it comes to a foot race...!

He'll be fairly shweatin' when I go to cast the first stone, I mean vote, on Thursday!

Mollers · 23 November 2010, 22:31

willk · 23 November 2010, 22:50

Quote:

Originally Posted by MichaelO'Leary-Ryanair

Useless Gobshites

He said it first

HUMBER P4VWL · 24 November 2010, 09:34

I'm more than happy to lend it them, why the uproar?!!

Their economy is only marginally more screwed than ours. However we can borrow money at 1.5% on the markets and they struggle to get anything at below 5%. They will pay us a proposed 5%! 3.5% profit on that loan is not to be sniffed at.

Either we let them sink which could send shockwaves everywhere and stuff us up ultimately, or profit from their circumstance and reduce our debt! No brainer.

Point to note, Sweden has offered money at 3% which has meant the UK by peer pressure may drop to that figure out of guilt. Idiots. Feck em, they did it to themselves!

Mollers · 24 November 2010, 11:21

Quote:

Originally Posted by HUMBER P4VWL

They will pay us a proposed 5%! 3.5% profit on that loan is not to be sniffed at.

How and when is that likely to happen?

Mollers · 24 November 2010, 11:33

I wonder how much and for how long the Krauts are prepared to keep chucking their taxpayers cash at this Euro dream? Greece, Ireland, Spain, Portugal.

kerny · 24 November 2010, 11:48

I don't think it will be long before the French and Germans lead the way to reverting back to their former currencies . Most of these euro mp's have fleeced enough to set themselves up with nice little nest eggs to retire on .

Bigmuz7 · 24 November 2010, 12:00

I agree, essentially the problem is that Ireland needs to get out of the one size fits all euro straight jacket .. that would fix the problem, when they could control their own interest rates again, instead of having all the cash thrown at them .. although that might be necessary in the short term ...

Maximus · 24 November 2010, 14:19

Quote:

Originally Posted by Mollers

I wonder how much and for how long the Krauts are prepared to keep chucking their taxpayers cash at this Euro dream? Greece, Ireland, Spain, Portugal.

18 months....MAX! And after Gordon Brown banished ''Boom and Bust'' for everyone too!

tinker · 25 November 2010, 09:53

Bet France and Germany both wish they had stayed well clear of the Euro, in fact all the nations involved should wish the same.

The implications of any Euro collapse would be catastrophic to us all, we have no choice than to bail any European nation out, remember we are all European and thats a fact.

Rib T · 25 November 2010, 17:42

we are only european if they need a loan.

markg · 25 November 2010, 21:43

at least its a loan and repayable unlike the 25 billion or so a year that we give to the eu. since blair traded our rebate to aid his chances of becoming eu president
the eu has turned from a trade group to a socialist wealth redistribution scheme, socialism nearly always ends in failure, hopefully it will all fall apart before many more billions have been peed up the wall