Could someone explain this to me?
It comes across as a total 'con' .
We're told we have to help out our neighbours to the tune of billions when they've been on a reckless spending spree.
Now we have to lose our jobs in order to save money to lend them (in the hope we get it back).
Smacks too much of the Coalition, particularly the Tories supporting our failing bankers who have invested too riskily in Ireland once again.
Why do we put up with this ?
Or could someone explain this to me?
I shall reflect on the Euro next. It seems to me that we're trying to hard to get everyone to conform.
Do we really want to become like the United States?
Is bigger . . . . better?
3 comments:
Ireland is our biggest export market - it would be disastrous for British business if they were allowed to go bust.
Also, we aren't just giving them the money; I understand it's a loan at standard IMF rates. Money that we will get back.
It's similar to the reason why China are happy to lend huge amounts of money to the West - they need America and Europe to keep buying what they produce, or all the economies involved suffer and everyone loses out.
With Ireland, there will be a lot of conditions attached to the bailout, which will be in the favour of the lenders, not the borrowers. Probably why the Irish are up in arms about it.
Thanks. I'm partly reassured.
Isn't the difficulty in getting any loan back ?
How reliable will they be ?
Say they are put out of the Euro Zone?
.
Sorry to disagree Ireland are our biggest threat, their corperation tax is the least in Europe and the only reason companies like GLAXO left Ulverston and the UK
you can see the effect on Ulverstons local economy.
They have no plans to increase this low tax at all!
Lets have the truth, help them to stuff us NO
JAK
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