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France's P M Says U K Must Help Save The Euro


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http://uk.finance.yahoo.com/news/France-Fillon-says-UK-must-reuters_molt-3001276955.html?x=0

France's Fillon says UK must help save euro - report
8:08, Thursday 13 January 2011
LONDON (Reuters) - Europe (news) needs to move towards greater integration in order to save the common currency, French Prime Minister Francois Fillon said in a newspaper interview on Thursday, urging the government to back its efforts.
In an interview with the Times ahead of his visit to London on Thursday, the French premier said it would be "a catastrophe" for Britain if the euro failed because it is so closely tied to the European Union's internal market.

But we all thought it was contained? Portugal--no worries. Spain are fine and Germany just had their best year EVER. So what are you on about Mssr.?

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In an interview with the Times ahead of his visit to London on Thursday, the French premier said it would be "a catastrophe" for Britain if the euro failed because it is so closely tied to the European Union's internal market.

Nothing like a dose of fear to keep one bankrupt nation buying the debt of another load of bankrupt nations.

It will all end in tears, mark my words.

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We just lent gave ROI £7 billion, not enough for ya. Ungrateful gits.

to be serious for a moment:

all this money is to keep banks afloat. If we give 7 billion to Ireland, we get some of it back if Irish banks owe English banks money.

Since I take it all the big banks are bankrupt, there will come a moment when banks take money from others, but then refuse to pay their own debts (thus keeping the money). No one wants to be first to default on their monthly installments, and thus lose their job, as long as they can get the government to pay (and give themselves another bonus)

IMO the best we can do as a nation is get our own house in order: reduce debt. Go bank on the gold standard. Problem is, we have no gold, and (I reckon) about 40% of the population is more or less unable to service their debt, let alone pay it off.

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I think he's just repeating the message that if the Euro goes down, it will hurt the City massively. Maybe not the UK as such, but the City would take a big hit. All those City firms holding euros and Eurozone debt would take a haircut.

A collapse of the euro would also hit the likes of Ryanair, who have quite a lot of their earnings in euros. Hey, maybe not such a bad idea after all........ :lol:

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I think he's just repeating the message that if the Euro goes down, it will hurt the City massively. Maybe not the UK as such, but the City would take a big hit. All those City firms holding euros and Eurozone debt would take a haircut.

A collapse of the euro would also hit the likes of Ryanair, who have quite a lot of their earnings in euros. Hey, maybe not such a bad idea after all........ :lol:

A collapse of the euro might also help Ryanair because people would be able to afford to go on cheap foreign holidays again.

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So what are you on about Mssr.?

Just trying it on. Nothing to lose by asking.

Excepting the usual arses in railway stations, banks & restaurants, the individual French people I have met over the years - maybe 20-30 of various ages, backgrounds, have been quite delightful - funny, kind etc.

The French nation however. Yuk!!

To be fair, they probably feel exactly the same about Britons/The British.

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A collapse of the euro might also help Ryanair because people would be able to afford to go on cheap foreign holidays again.

I rather like the sound of it hitting the City hard too. Hence the REAL reason why Dave will get the cheque book out of course. Can't harm the City! laugh.gif

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How exactly, can the UK save the Euro anyway?

The huge stresses in the system are the results of huge borrowing by certain nation's governments, who took advantage of low interest rates to succour favour from their electorates, or just to help bankers rob the people of their nations.

What is the UK supposed to do to put this right? Should we invade said sovereign nations and install some UK style democracy, and give all their benefit claimants free homes and tax their hard working young until the pips squeek?

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http://uk.finance.yahoo.com/news/France-says-EU-pondering-reuters_molt-613019464.html?x=0

Daniel "Danny Boy" Flynn and Leigh "Lee" Thomas, 12:18, Friday 14 January 2011
PARIS (Reuters) - European governments are considering increasing the size of their rescue fund as part of a package of measures to tackle the debt crisis in the euro zone, France said on Friday.
French Economy Minister Christine Lagarde said ministers would also discuss whether European stabilisation funds should be allowed to purchase sovereign debt of the bloc's weaker members on the secondary market.

If FR can get the UK to help save the Euro by throwing in a few billion for a bigger bail out fund it will all be contained, again.

We know it makes sense.

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http://uk.finance.ya...019464.html?x=0

Daniel "Danny Boy" Flynn and Leigh "Lee" Thomas
, 12:18, Friday 14 January 2011
PARIS (Reuters) - European governments are considering increasing the size of their rescue fund as part of a package of measures to tackle the debt crisis in the euro zone, France said on Friday.
French Economy Minister Christine Lagarde said ministers would also discuss whether European stabilisation funds should be allowed to purchase sovereign debt of the bloc's weaker members on the secondary market.

If FR can get the UK to help save the Euro by throwing in a few billion for a bigger bail out fund it will all be contained, again.

We know it makes sense.

:lol: to names RB

Is Osborne going to be a 'good neighbour' again?

How much this time Osborne old chap? £10bn? £20bn? £50bn? £100bn? How much of a 'good neighbour' do you intend to be to les Frogs?

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