Turn this around then...
Discussion
Its interesting the Chancellor has chosen the very upper limit of what he can pledge without parliamentary approval, possibly to prevent another Europe argument with his own backbenchers becoming a rolling news cycle. It may be true that it doesn't change the debt and nobodies lost money lending to the IMF but I would question the wisdom of bolstering funds to bail out countries who have proven repeatedly they can't get their house in order. Even with the 'Eurozone goes bust UK suffers' arguments you have to wonder if we're just throwing money at an unsustainable unfixable problem.
Slightly OT but I would also say if we've got all these billions sat there in the 'official reserves' he can afford to scrap the 3p fuel tax increase. Knob.
Slightly OT but I would also say if we've got all these billions sat there in the 'official reserves' he can afford to scrap the 3p fuel tax increase. Knob.
Shower of 
s in charge , looks like the politicains are treating the euro problem more like pass the parcel put a bit more cash into the system so hopefully it wont go tits up on your watch no solution just a save your skin ..fk the lot of them off I say 
s in charge , looks like the politicains are treating the euro problem more like pass the parcel put a bit more cash into the system so hopefully it wont go tits up on your watch no solution just a save your skin ..fk the lot of them off I say Edited by powerstroke on Friday 20th April 22:51
0a said:
Aside from the money, we should be doing nothing to prop up a currency bloc that needs splitting up and some serious defaults (both of which will happen anyway).
It's only £10billion, thankfully we're in a position to give billions away like pennies after many years of prudent control of the economy...oh.....
It has to be the same sort of scenario as an alcoholic or a drug addict. Total denial that just one more drink will do no harm when infact it could easily kill them.
When are we going to see some politicians admit the euro is a huge failure, learn why it failed, countries are going to have to default, suffer lots of pain and then slowly start to rebuild themselves. We cannot keep throwing money at the eurozone hopiong and preying for growth which is never going to arrive.
Why do these cretins keep using our money to prop up iresponsible and dead economys - is it really as simple as a bunch of self serving populists covering their backsides?
So what's the long term scenario? My limited knowledge on this thinks..
A) Keep pumping money into a vastly bloated corrupt system to bail out deeply damaged countries that spent years spending money they never ever had creating growth that never even existed. Result when the money really does run out they will default.
B)Let them default now, save all this bailout money being wasted on nothing that will stimulate growth and find other ways to use it to get the pain over and done with and find a more stable long term strategy.
Can someone explain where this bailout money will end because I cannot see how long term it is going to prevent what to me seems obvious?
When are we going to see some politicians admit the euro is a huge failure, learn why it failed, countries are going to have to default, suffer lots of pain and then slowly start to rebuild themselves. We cannot keep throwing money at the eurozone hopiong and preying for growth which is never going to arrive.
Why do these cretins keep using our money to prop up iresponsible and dead economys - is it really as simple as a bunch of self serving populists covering their backsides?
So what's the long term scenario? My limited knowledge on this thinks..
A) Keep pumping money into a vastly bloated corrupt system to bail out deeply damaged countries that spent years spending money they never ever had creating growth that never even existed. Result when the money really does run out they will default.
B)Let them default now, save all this bailout money being wasted on nothing that will stimulate growth and find other ways to use it to get the pain over and done with and find a more stable long term strategy.
Can someone explain where this bailout money will end because I cannot see how long term it is going to prevent what to me seems obvious?
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