Now we have to bail out the Euro

[itsnotoutthere]

NOW WE HAVE TO BAIL OUT THE EURO

BRITISH taxpayers could be forced to pay up to £3.5billion a year towards bailing out the crisis-hit Greek economy, it emerged last night.

European Union chiefs were yesterday discussing plans for all member states to contribute towards a financial rescue.

The relief package would be designed to ease Greece’s colossal debt burden and save the troubled euro single currency.

Gordon Brown, who is in Brussels today for an EU economic summit, repeatedly refused to rule out British cash being used.

A £3.5billion contribution would be equivalent to putting an extra penny on the basic rate of income tax. It could cost the average household more than £140 a year.

link :- http://www.dailyexpress.co.uk/posts/view/157446

So, let me get this straight, even though we're not in the 'Eurozone' & despite the fact that this is illegal under the rules of the Maastricht Treaty & despite the fact that we are economically on our knees ourselves.........need I go on.

I wonder what would happen if we were in the same position......."but you're not in the Eurozone...bugger off"

Some irate Greeks, not so happy to be in the E.U. :-

Edited February 11, 2010 by itsnotoutthere

[chaoszerg]

oh joy

[chemical-licker]

i could do an hour or two overtime will this pay it off?

[danielost]

remember once that 3.5 billion is paid the new tax won't go away

[Siara]

I didn't realize the world's economy could get as messed up as it is now. I'm sorry to hear that you guys are experiencing it too.

In a way the world's economic collapse seems kind of like the twin blizzards we've just gotten here. I look outside and see three and a half feet of snow in a place that, most winters, OCCASIONALLY gets three inches. My jaw drops. It's so far off the hook that I'm speechless. How could we deviate this far from the norm? (the problem with my metaphor is that the snow's pretty and recessions are definitely not)

[itsnotoutthere]

I didn't realize the world's economy could get as messed up as it is now. I'm sorry to hear that you guys are experiencing it too.

In a way the world's economic collapse seems kind of like the twin blizzards we've just gotten here. I look outside and see three and a half feet of snow in a place that, most winters, OCCASIONALLY gets three inches. My jaw drops. It's so far off the hook that I'm speechless. How could we deviate this far from the norm? (the problem with my metaphor is that the snow's pretty and recessions are definitely not)

Yes, that would be due to global warming...oops sorry i mean climate change.

Like me, are you staring to think that the 'experts' aren't as expert as they would like us to believe. (economic & environmental)

[itsnotoutthere]

Yes, that would be due to global warming...oops sorry i mean climate change.

Like me, are you starting to think that the 'experts' aren't as expert as they would like us to believe. (economic & environmental)

[ExpandMyMind]

i thought it was just going to be france and germany that bailed them out.

Franco-German bailout of Athens expected to avert euro collapse

http://www.guardian.co.uk/world/2010/feb/10/greece-france-germany-euro

[gozap]

I guess you mean that euro deal Germany had as an ultimatum when they joined the euro when you speak of the Maastricht Treaty? O_o

[Admiral Danger]

i think its time to pull out of the EU

[Corp]

i thought it was just going to be france and germany that bailed them out.

Franco-German bailout of Athens expected to avert euro collapse

http://www.guardian.co.uk/world/2010/feb/10/greece-france-germany-euro

http://news.bbc.co.uk/2/hi/europe/8508688.stm

That's what it says here too. While British aid hasn't been completely ruled out from the sounds of it other countries are taking the lead on this issue.

[keithisco]

It's only Eurozone members that MIGHT be asked to help Greece. This does not affect the UK in any way, shape, or form. No nation even within the eurozone can actually be forced to pay to bail - out the Greek economy

[ExpandMyMind]

http://news.bbc.co.uk/2/hi/europe/8508688.stm

That's what it says here too. While British aid hasn't been completely ruled out from the sounds of it other countries are taking the lead on this issue.

i guess some british papers have jumped on the bandwagon a bit then.

knowing brown though, i wouldn't be surprised if we did give them the billions the OP claims.

[Admiral Danger]

i guess some british papers have jumped on the bandwagon a bit then.

knowing brown though, i wouldn't be surprised if we did give them the billions the OP claims.

if he does then i will be p***ed off that he didnt try to keep cadbury british

[MARAB0D]

Well, if such Titanic as Euro sinks, there must be plenty of the waves around from this! The problem is that EU is not one state and the members have their own crises one at a time. What if it is, say, Spain after Greece?

[ExpandMyMind]

Well, if such Titanic as Euro sinks, there must be plenty of the waves around from this! The problem is that EU is not one state and the members have their own crises one at a time. What if it is, say, Spain after Greece?

it probably will be. spain or portugal is my guess. of course, britain may collapse before either of them do. can we get bailed out too? pleeeaase?

[Bill Hill]

I just found a 3.5 billion euros that someone forgot,

It's days like this that put me over the brink.

[MARAB0D]

it probably will be. spain or portugal is my guess. of course, britain may collapse before either of them do. can we get bailed out too? pleeeaase?

Iceland can always give UK a hand for all past favours! Hahaha, at least the herrings would be in abundance.

Edited February 11, 2010 by marabod

[keithisco]

it probably will be. spain or portugal is my guess. of course, britain may collapse before either of them do. can we get bailed out too? pleeeaase?

Ah..... no sorry mate, our "best friend" the USofA would never contemplate such a thing. Lifes a beach

[stevewinn]

am over the moon, anything which damages the euro is a good thing in my eyes, it highlights the problems to the masses here in the UK - how foolish it is to think one currency can work across numerous countries.

its a shame Greece is forbidden by the EU, to take the action needed to avert this crisis, by devaluing its currency or allowed to set its own interest rates. an expert on Newsnight said the German government only use money printed in Germany. (each euro has a bar code and a letter which shows which eurozone country it was printed in) so much for the euro dream.

Spain will be next followed by Portugal, Italy lets hope its the beginning of the end.

but being realistic, Germany and France will have to bail them out. no other option if they want to keep the dream alive.

I hope our incompetent government keep our money in our pockets. lets not reward failure.

Edited February 11, 2010 by stevewinn

[chaoszerg]

I hope our incompetent government keep our money in our pockets. lets not reward failure.

Spotted Gordon Brown on the news on about it, seemed like he was saying its not our problem.

[MARAB0D]

Interesting! Germany and France are expected to bail out the rest of EU... For what reason? Can it be connected with Germany insisting on the common army? United Europe under the leadership of strong Germany... Then it would be a proper 4th Reich it seems. And of course France here on the laps.

[stevewinn]

Spotted Gordon Brown on the news on about it, seemed like he was saying its not our problem.

and for once i agree with the one eyed ****. But we know what will happen, the EU ministers will get Gordon alone and tell him how good he was at saving the world, and Gordon the gopher will fall for it, get all misty eyed or eye, and get the cheque book out.

the poor ex-pats in the eurozone. who get their money wired over from the UK are losing out. shame. swings and roundabouts.

Interesting! Germany and France are expected to bail out the rest of EU... For what reason? Can it be connected with Germany insisting on the common army? United Europe under the leadership of strong Germany... Then it would be a proper 4th Reich it seems. And of course France here on the laps.

The German people are not happy about bailing out Greece, and the French people aren't overly keen.

listening to German radio, Lord Haw Haw - the people phoning in are saying let Greece fail. Germany should sort out its own problems like the 8.4% unemployment.

Edited February 11, 2010 by stevewinn

[MARAB0D]

Steve, if Greece fails, these 4 Mistral helicopter carriers which France sells to Russia, would be moored in Gibraltar and Sicily. Greece is unsinkable, EU must bail it out no matter what.

[stevewinn]

Steve, if Greece fails, these 4 Mistral helicopter carriers which France sells to Russia, would be moored in Gibraltar and Sicily. Greece is unsinkable, EU must bail it out no matter what.

i know. its a damn shame the eurozone going pete tong would have been a excellent start to 2010