Wednesday, Feb 10, 2010
Bwaaahaaaahaaaaa!!!!!!
The Telegraph: Britain may be forced to bail out Greece
Britain could be forced to help bail-out some of Europe’s crisis-hit economies with tens of billions of pounds, it is feared.
Gordon Brown is under mounting pressure from MPs on all sides to ensure that only eurozone countries contribute to a bail-out of Greece, whose economy is teetering on the brink of collapse.
The Prime Minister will this morning arrive in Brussels for a crucial European leaders’ summit amid fears that the UK could get dragged into a full European Union bail out plan.
Mr Brown - when challenged in the Commons over Britain’s position - was unable to rule out Britain's involvement in a a Greek rescue package.
Posted by devo @ 10:33 PM (1961 views) Add Comment
28 Comments
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1. devo said...
the world you thought you knew is changing at an ever-increasing pace
2. devo said...
i see it as a spun coin coming to rest
where is the physics to explain this phenomenon
3. cat and canary said...
Telegraph title should be
"British taxpayer may be forced to bailout Greece"
4. devo said...
or alternatively... bankrupt forced to pay £billions in costs
it's academic
5. drewster said...
Or alternatively: "British taxpayers may be forced to pay for Greek civil servants' two-hour lunch breaks and fat juicy pensions"
6. devo said...
@drewster
red herring
no one thinks it's 'as you were'
7. cat and canary said...
quote from Guardian,
"As well as battling a budget deficit nudging 13% of GDP, Greece owes nearly €300bn (£264bn) to foreign banks. With French and German banks the biggest lenders, exposed to around one third of the total, Berlin and Paris appear to be reaching the conclusion that helping Athens would be helping themselves, as they would be among the biggest victims of a Greek default."
first bailing out banks, now bailing out countries! You couldnt make this up!
8. mander said...
We are all bankrupt in the end, if Britain would be in Greece position then help from the rest of European countries would be welcome.
9. cat and canary said...
four points to consider/refute though..
1) greek government fiddled their debt figures, now its too late and they have to come clean
2) british taxpayer alone (whats left of us) could each pay several hundred quid to sort this mess out
3) where is my right to refuse? this is more bailing out the feckless against my will
4) we are STILL saving the banks...because if greece defaults on its debt, the banks lose the most
10. devo said...
stop the bailouts
stop the stimulus
let market forces do what they will
let's see what happens
11. freemanphil said...
If this doesn't wake the sheople up and get us onto the damn streets, get us running for election, get us involved, to not just be consumers but citizens and soveriegn individuals, then what will. A F*&king disgrace, I don't want ANY of my money going to prop up a stupid socialist government in a far flung hell hole where they don't know how to add up and do sums. Go to hell, world government and global socialism sucks.
12. rumble said...
Freeman, hear, hear.
The answer the sheople come to is: more government intervention. Well, now we're bailing out entire fkn countries - is that enough yet?
People on the streets? In a country where everyone wants the government to do everything for them?
"A F*&king disgrace .... a stupid socialist government .... Go to hell, world government and global socialism sucks." -- yip.
13. Ndg said...
Bailing out Greece, regrdless of how this is done = feeding the GS squid. GS has undermined (infiltrated with imaginary debt) the whole system.
Point is this this is a GS engineered collapse and we do not get to see the big picture blueprint. Although it seems obvious to me that what is really at stake (for us regular human beans) is the credibility of currency. By transferring this 'imaginary' debt from the banks to sovereign governments GS may now influence a whole lot more than currency exchange rates and currency 'values'.
What is the benefit (in bailing out Greece) when subsequent riots and unrest ensue as the Greek people struggle to combat what is, in cause and effect, GS enforced austerity? Complete irony. Bankruptcy is a better option. Stop feeding the squid.
14. This comment has been removed as it was found to be in breach of our Blog Policies.
15. a saver said...
'Britain contributes 20 per cent of the EU budget '
How can that be right? And if so who agreed to it (academic I know)?
16. Crunchy said...
11.
Agree, but this is small potatoes to what we are being force fed. Will an alternative truely independent party that doesn't agree with the GLOBAL agenda emerge?
It really has to come from America first. Are there any politicians out there brave enough to go against all those 'nodding heads.'
If so, will the people of America realise that such a party is there only real choice?
We have people that actually like the direction our world is headed. Excuse me whilst I puke.
17. mrflibble said...
A bankrupt Britain may be forced to bailout a bankrupt Greece, excellent, guessing Merv will be firing up the printing press again.
And some people think this 'credit crunch' is coming to an end - it hasn't even started yet.
18. Brightonrentfodder said...
Well said mrfibble, the recession hasn't even begun, only delayed, wait until after the election, then we'll see a real houseprice crash, starting with the flats no doubt.
19. Eternal Sceptic said...
All the chickens are slowly coming home to roost - a shame all the local foxes are in the hen coop. Harsh reality beckons!
20. the number cruncher said...
freemanphil
Global socialism - rubbish
we have global capitalism - and capitalism has always allowed the powerful to make up the rules to suit themselves.
21. d'oh said...
What's even worse is that the giant vampire squid sold derivatives that aided and abetted Greece in hiding the true extent of its disasterous finances.
22. braindeed said...
Is it just me.......or is the King b*llock naked?
Tin hat time, gentlemen
23. braindeed said...
Queen Angela and King Nicholas sit at the Breakfast table
King: Erm , zer ees a problem at ze treasurey , my Angel
Queen: Und why is that?
King : well its euro….
Queen: Euro?
King : Yes Euro, the turtle with the head of a calf …sentimental and self-absorb d little thing….It wants a loan to buy polish to polish it’s own turds.
Queen…..Zo?
King: it’s Caterpillar… he says the Rabbit has all our money……but he’s spent it….but not to worry because he has an ‘old Kabbage auntie and Frog Uncle who dote on him.
Queen : Lovely - Don’t vorry then – soon ve will be paid back
King: Lovely – more tea?
24. hpwatcher said...
Queen Angela and King Nicholas sit at the Breakfast table
Inane rot as usual....
25. braindeed said...
24. hpwatcher said...
Queen Angela and King Nicholas sit at the Breakfast table
Inane rot as usual....
Henceforth know as the Knave o' Farts
26. rumble said...
NC, "we have global capitalism"
Capitalism requires capital, capital <> fake money conjured up at the will of central banks.
Global socialism ("Progressives"!) will deliver "economic justice": The Robbing Hoodwinker tax is exactly that. And, increasing reach, an opportunity for a long term strategic move - dear people of the world get comfortable with this idea - you think it stops here? Increased tax = increased government, increased central authority, central planners, individuals surrendering their money to the government = surrendering choice, power, control of government. Tax is socialisation. Socialisation = moral hazard in corporations, apathy in individuals.
"For the good of the people, especially the needy" - you buy that tripe?
27. freemanphil said...
the number cruncher said... "we have global capitalism - and capitalism has always allowed the powerful to make up the rules to suit themselves."
EXCUSE ME, but the redistribution of wealth by government to the people or to other governments is SOCIALISM, the redistribution of wealth to corporations by government is FASCISM.
Capitalism hasn't graced these shores since before World War II.
28. alan_540 said...
I'm sure Brown will think nothing of throwing yet more billions of our childrens' and grandchildrens' future tax revenue at Greece in order to garner a little kudos from Germany & France. The election is just round the corner, and "Every little helps!".