EU offering more money-that its members will have to supply

Discussion in 'Current Affairs, News and Analysis' started by muhandis89, Apr 11, 2010.

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  1. Oh well... at least that means the 'One Man Who Thinks He is King' won't be in any position to 'promise' more Cash from the UK Money Tree to give to the Kommie kommizzars of Bruxxelles and Strasbourg.... :toilet:

    Let's jsut hope that 'Call me Dave' has Buge Hollocks and tells those Muppets in Bruxxelles to banjo offski..... :omg:
  2. Ahhh Climate Change ... the first refuge of the scoundrel.
  3. I strangely agree......
  4. Much as I detest the Euro and Greek shenanigans, Poor Old john thinks once Greece ceases to be The International Speculators target of choice the UK will be in line.
    The comments on UK's debt doubling in the next 4 years are terrifying.
    And no Party has the faintest idea on how to deal with it.
  5. It would seem that this has been a typical EU pledge and very little actual money has been provided by doners, I wonder when this will blow up

    PS did you know that German Banks alone have around half a trillion USD of duff debt that they are only now being made to confess to?
  6. I think you´ll find that this is the fallout from the Lehman Brother´s Cluster F+ck where the German Government decided to give assurance to the banks so they wouldn´t crash and take the whole country down with them.Sadly the so-called experts in the German banks didn´t realise that the Yanks don´t have personal liability like in the rest of the world so they bought like blood crazed pirahnas!
    Before the Socialists and Greens got into power Insurance companies and Banks were forbidden to invest more than 5 % of their funds into risky bonds etc,the then Finance minister(Eichel SPD) decided the banks were doing quite well and dropped this law;As far as I know he didn´t tell many of the investors about the change so they were duped into believing that they were still protected by the old law.
    OR,as so many German politicians and ministers sit on the Board of Directors of these Banks and Insurance Companies they were just protecting their own arrses?
  7. Biped

    Biped LE Book Reviewer

    Cool. Promising to give everyone else money away without asking them first, to those who don't deserve it. How very Labour . . . a bit like the EU project.
  8. Yes but the alternative was total destruction of the German economy and that wouldn´t have helped anybody,not even the most fanatical of anti-EU protagonists.
  9. So....

    we couldn't let a small Northern building society go to the wall because of the knock-on effect
    then we couldn't let a US Insurance company go to the wall
    then a US Banking giant
    then all the rest of the US banks/lenders
    then a UK banking giant
    then an amalgamation of British banks
    then the US car companies
    then the UK car companies and any foreign ones who just happened to be building cars in the UK
    then the whole Greek economy
    Now the German banks

    Did I miss anyone out? Does anyone know when we stop bailing out or overlooking the rules, cos at some stage someone has to settle the bills?
  10. Alsacien

    Alsacien LE Moderator

    We could proably add a handful of Spanish/Portugese and Irish banks - and in turn a couple more UK ones...
    Japan - all of it.
    Some more US institutions.
    A random collection of Asian companies and institutions.
    ..and maybe Switzerland.

    Apart from that everything is fine, and I am moving to Latvia. :)
  11. Ive been saying this since we had to fess up and bail our banks out. The Europeans have been hiding their debts since it all kicked off last year.

    When the markets get going with this information the Euro will drop against the dollar and £ even more

  12. Alsacien

    Alsacien LE Moderator

    What makes you think this is new information :?
    Germany had to do a bank rescue package similiar to what the UK gov offered.
  13. Merkel hid this,so that she could get re-elected last September!!!

  14. Alsacien

    Alsacien LE Moderator

    News that the German banking industry is managed by Frau Merkel will come as a great surprise to them....... :roll:

    The Eur400 billion German government bailout package was also a secret...oh wait, somehow even that slipped out:

    For a supposed investment banker you don't seem very clued up.... 8O