• ARRSE have partnered with Armadillo Merino to bring you an ARRSE exclusive, generous discount offer on their full price range.
    To keep you warm with the best of Merino gear, visit www.armadillomerino.co.uk and use the code: NEWARRSE40 at the checkout to get 40% off!
    This superb deal has been generously offered to us by Armadillo Merino and is valid until midnight on the the 28th of February.

Who owes what to whom!

#3
so how much is the UK in total owed? Does seem it would be huge. Be interesting to relate that to our overall figure that we owe globally.
According to that and roughly added up the UK is owed 1561 Billion and owes 1730 Billion to other countries

So we are about 2 billion in the red.
 
#5
Going by that, everyone owes money to everyone else would it not be simpler to write that off and whatever is left over that is what each country owes. Very simplistic I know but look at the hassle it would save.
 
#6
Going by that, everyone owes money to everyone else would it not be simpler to write that off and whatever is left over that is what each country owes. Very simplistic I know but look at the hassle it would save.
I keep wondering this, and not being educated in economics don't understand why not. We owe France 209, France owe us 227. So why not call it 18 billion to us and call it even?
 
#7
Going by that, everyone owes money to everyone else would it not be simpler to write that off and whatever is left over that is what each country owes. Very simplistic I know but look at the hassle it would save.
I suppose if this was purely goverment to government debts it might be made to work but I would assume that at least some of the 1.7 Trillion is owed to individuals in the end and would you be happy if you heard that you aren't getting paid this week but that is ok because Fred Bloggs down the road doesn't have to pay for his new Japanese motor.
 
#10
Going by that, everyone owes money to everyone else would it not be simpler to write that off and whatever is left over that is what each country owes. Very simplistic I know but look at the hassle it would save.
It's not owned to countries, only banks, the bailout was to pay banks so they could pay their investors(banks)!
At the time I thought it was an ok'ish idea, however with 20/20 hindsight it should've been allowed to fall on it's arse, picked up the banks for pennies and started again.
 

Latest Threads