keithisco, on 29 January 2013 - 05:04 PM, said:
Then perhaps the ECB shouldn´t have handed over 37,4 Billion Euros of bailout money to UK Banks.
Yes but lets tell people the fully story, this 37.4 Billion to UK banks the loans never come to UK mainland, the loans from the ECB are for the exposure to the British banks, with operations in mainland Europe. they applied for the loan which was to cover their operations in Europe.
British Banks NEVER loaned money for their UK operations. - people could and will confuse the two, because it looks like the ECB were bailing out the UK, which is simply not true and why i feel i have to point this out- in short the British banks who operate in Europe received ECB money to cover their exposure and operations in european countries and eurozone areas only. - i bet that as burst some peoples bubbles.
Again. the banks who borrowed the ECB money done so to cover their exposure in Spain, Portugal, Ireland, Netherlands etc...........Not the UK. i hope Keith and Questionmark never thought they were bailing out the UK. easy mistake to make when your off the boil.