ARmy Rumour SErvice

Originally Posted by RoofRat

It's not irrelevant,they can lend only within strict parameters,which doesn't include propping up the fucking Euro,or any other failing currency.

If the Euro (if?),is in the shit,and needs a bit of help,there's the ECB,that's one of the reasons it exists,or maybe I've missed something ?

You have.
The IMF lends to countries, not to currencies or geo-political groups.
If the Euro has issues, it is the role of the ECB to act, if a country has issues it is under the IMF's remit if they are members.

Some countries have issues right now, the Euro does not. It really is not very hard to understand if you stay away from the BS spouted in the UK press.

Originally Posted by geezer466

Its not so much the amount or reasons the loan has been given it is the principle behind it. I am sure we can all agree in boom times we should look to 'invest' and gather a return on that investment

This Government is telling us they don't have a pot to piss in and are cutting left right and centre to try and reduce the deficit (failing miserably so far) and yet he finds £10 bill to send over there.

Now either we don't have any money and the austerity is required or we do? What the fuck is it?

Yup that's my take on it too. I'm told my pension is unaffordable and we've made loads of redundancies. Then we've money to give to foreign countries and foreign workers. I don't think we can be broke, can we?

I want a rebate on my Pastie Tax out of that 10billion.Oh and by the way 'Charity Begins at Home' so start dishing it out to us Anglo Saxon originals...

Originally Posted by tuffy52

I want a rebate on my Pastie Tax out of that 10billion.Oh and by the way 'Charity Begins at Home' so start dishing it out to us Anglo Saxon originals...

I'm afraid not, we need to be taxed more so they can give the money away.

http://www.bbc.co.uk/news/business-17804218
I just wonder where the money will be going.

Does Madame Lagarde have the right credentials to head up the IMF? The last bloke had experience in all sorts or different areas....

On a more serious note did not the previous gentlemen's behaviour demonstrate the huge gulf between the banking elite and normal people and how these people do not live by the standards of the real world?

Who else would bend a chambermaid over a chair give her a good seeing to swan off to the airport as if nothing had happened then have the ways and means to 'make it go away' after a suitable interval had elapsed!!

Wake up people there really is a 'them and us', don't let anyone tell you differently!!

Originally Posted by Alsacien

You have.
The IMF lends to countries, not to currencies or geo-political groups.
If the Euro has issues, it is the role of the ECB to act, if a country has issues it is under the IMF's remit if they are members.

Some countries have issues right now, the Euro does not. It really is not very hard to understand if you stay away from the BS spouted in the UK press.

The EURO has no issues? I find that statement absolutely staggering in the extent of it's denial of the facts.
The Eurozone countries have been up to their necks in conferences and ad hoc meetings in an effort to sort out the finances of the PIGS for at least the last couple of years. For how much longer do you reckon the Germans are going to continue to bail out these countries? Indefinitely?
Once the discussion about Osborne's latest gesture of largesse has died down the nods and winks will be exchanged and that's £10 Billion we won't be seeing again.
Lend money to an organisation that lends money to countries that are broke and expect to make a profit? Yeah Right. That'll work.

Originally Posted by donmac

Once the discussion about Osborne's latest gesture of largesse has died down the nods and winks will be exchanged and that's £10 Billion we won't be seeing again.
Lend money to an organisation that lends money to countries that are broke and expect to make a profit? Yeah Right. That'll work.

Yes it will work if IMF funding has to be used, and the IMF has a 100% track record to prove it.