Jump to content
House Price Crash Forum
Sign in to follow this  
FrozenOut

The Eu Bailout Funds

Recommended Posts

I was just thinking, since we've contributed nothing to the latest EU Bailout packages (Direct loands to Ireland to one side) if we were to get in to trouble ourselves (The UK) is it fair to assume, nobody will come to our aid?

If that being the case, then surely the only option is massive cuts, that we've yet to see in reality yet - despite knowing about their requirements for at least a year?

Share this post


Link to post
Share on other sites

We control our own currency so we can simply print. As we aren't part of a currency union we can just default.

Plus the UK is too big to bail. If the EU cannot afford to bailout Spain their is no hope anyone can afford to help the UK.

Funny money or default are the only options open to the UK.

Share this post


Link to post
Share on other sites

We control our own currency so we can simply print. As we aren't part of a currency union we can just default.

Plus the UK is too big to bail. If the EU cannot afford to bailout Spain their is no hope anyone can afford to help the UK.

Funny money or default are the only options open to the UK.

Balancing the budget, and maybe even repaying some of the debt, is still an option, albeit one unlikely to be chosen.

Share this post


Link to post
Share on other sites

We control our own currency so we can simply print. As we aren't part of a currency union we can just default.

Plus the UK is too big to bail. If the EU cannot afford to bailout Spain their is no hope anyone can afford to help the UK.

Funny money or default are the only options open to the UK.

And as I've said before - The fact that these are our only options will stop the markets putting pressure on us to choose.

tim

Share this post


Link to post
Share on other sites
Guest spp

Balancing the budget, and maybe even repaying some of the debt, is still an option, albeit one unlikely to be chosen.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.