Zis is ze plan........
20 December 2011, 09:58 AM
#1
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Zis is ze plan........
To help sort out the Euro.
A few of the EC zone countries including Germany, France, Italy and Spain (but not UK) pass the hat around with plan to pass $200 billion to the IMF in case IMF decide to give it back to struggling countries in Euro land. Well times are tough and they only raised $150 billion.
So the countries that are probably going down the pan are loaning money which they can ill afford to an overseas operation who may give it back??
You know it makes sense
dl
A few of the EC zone countries including Germany, France, Italy and Spain (but not UK) pass the hat around with plan to pass $200 billion to the IMF in case IMF decide to give it back to struggling countries in Euro land. Well times are tough and they only raised $150 billion.
So the countries that are probably going down the pan are loaning money which they can ill afford to an overseas operation who may give it back??
You know it makes sense
dl
20 December 2011, 10:20 AM
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http://www.economicvoice.com/eu-want...#axzz1h4KXaNFn
The problem for the UK is that it will also be expected to contribute, despite the protestation from the Prime Minister, David Cameron that the UK would not give any more money to the EU or to the IMF to be given to the EU.
The amount that the UK will be expected to stump up will be in the region of £25 billion. No small amount in itself, but when you consider that it will equal France’s own contribution and therefore be the second equal largest payment behind Germany the scale of it hits home.
And this comes scant hours after French politicians and bankers were saying that the UK’s economic position was worse than France’s, to the extent that the UK should lose its AAA credit rating before France does.
The US has already refused to add any more to the IMF but China and Brazil have said they may.
AJA/AP reports that of the non Eurozone countries Poland is willing to put in €6 billion, Denmark another €5.4 billion and Sweden an undisclosed sum. Whilst Hungary Romania and Bulgaria have followed the UK and so far refused.
But this only adds a relatively small amount to the stop the Euro going bust war chest. That particular fund would grow in size to about a mere €1 trillion, when many economists expect the true requirement to be over €3 trillion.
Read more: http://www.economicvoice.com/eu-want...#ixzz1h4M4I4Y3
The problem for the UK is that it will also be expected to contribute, despite the protestation from the Prime Minister, David Cameron that the UK would not give any more money to the EU or to the IMF to be given to the EU.
The amount that the UK will be expected to stump up will be in the region of £25 billion. No small amount in itself, but when you consider that it will equal France’s own contribution and therefore be the second equal largest payment behind Germany the scale of it hits home.
And this comes scant hours after French politicians and bankers were saying that the UK’s economic position was worse than France’s, to the extent that the UK should lose its AAA credit rating before France does.
The US has already refused to add any more to the IMF but China and Brazil have said they may.
AJA/AP reports that of the non Eurozone countries Poland is willing to put in €6 billion, Denmark another €5.4 billion and Sweden an undisclosed sum. Whilst Hungary Romania and Bulgaria have followed the UK and so far refused.
But this only adds a relatively small amount to the stop the Euro going bust war chest. That particular fund would grow in size to about a mere €1 trillion, when many economists expect the true requirement to be over €3 trillion.
Read more: http://www.economicvoice.com/eu-want...#ixzz1h4M4I4Y3
Last edited by The Zohan; 20 December 2011 at 10:25 AM.
20 December 2011, 11:14 AM
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It's certainly starting to sound like Germany & France (more so France) would like Britain to lose it's AAA rating.
In fact I suspect Germany and France would love Britain to lose it's AAA rating and then some. That way they can force Britain to agree that the EU can tax our banks the way they'd like to.
Each year the Tax would rise and rise to bail out the Euro.
Lets just hope DC hold firm and give a good 2 fingered salute to the IMF fund.
Just a shame most people won't appreciate what the Torries are doing here. Then come the elections, Labour will be straight back in, and licking the ***** of Europe.
In fact I suspect Germany and France would love Britain to lose it's AAA rating and then some. That way they can force Britain to agree that the EU can tax our banks the way they'd like to.
Each year the Tax would rise and rise to bail out the Euro.
Lets just hope DC hold firm and give a good 2 fingered salute to the IMF fund.
Just a shame most people won't appreciate what the Torries are doing here. Then come the elections, Labour will be straight back in, and licking the ***** of Europe.
20 December 2011, 12:34 PM
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THe fact is that they want to get their hands on our money so that they can keep the EU alive and then they will be able to control all the Eu countries finances as well as the laws etc and they will be able to continue living like pigs in ****!
Les
Les
20 December 2011, 12:47 PM
#5
Guys, guys, correct me if I'm wrong, but unless Cameron can find a way out, aren't we tied into helping support the Euro, no matter what, courtesy of one Alastair Darling?
All the rhetoric in the world isn't going to protect us, whether on here or from DC.
So far, he hasn't given any salutes, two fingered or otherwise, all he HAS done is walk out of a meeting in which he was refused concessions.........
All the rhetoric in the world isn't going to protect us, whether on here or from DC.
So far, he hasn't given any salutes, two fingered or otherwise, all he HAS done is walk out of a meeting in which he was refused concessions.........
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