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Daiwa, bye bye UK, hello Frankfurt

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    #31
    Originally posted by AtW View Post
    Yeah, and if they collapse OUTSIDE OF EU, then who'll bail them out?
    Who knows? Trade partners, like the US bailing Mexico out to the tune of $25bn in 1995, the IMF bailing South Korea out with $58.4bn in 1997. That's just two bailouts that I can think of immediately.
    The greatest trick the devil ever pulled was convincing the world that he didn't exist

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      #32
      Originally posted by LondonManc View Post
      Who knows? Trade partners, like the US bailing Mexico out to the tune of $25bn in 1995, the IMF bailing South Korea out with $58.4bn in 1997. That's just two bailouts that I can think of immediately.
      Will history repeat itself?

      The 1976 IMF Crisis was a financial crisis in the United Kingdom in 1976 which forced James Callaghan's Labour Party government to borrow $3.9 billion ($16.8 billion in 2017) from the International Monetary Fund (IMF), the largest loan ever to have been requested from the IMF.
      Brexit is having a wee in the middle of the room at a house party because nobody is talking to you, and then complaining about the smell.

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        #33
        Originally posted by darmstadt View Post
        Will history repeat itself?
        Funny that Europe didn't bail us out then, eh?
        The greatest trick the devil ever pulled was convincing the world that he didn't exist

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          #34
          Originally posted by LondonManc View Post
          Funny that Europe didn't bail us out then, eh?

          Maybe because the ECB didn't exist until 1998, eh?
          I'm perfect, in a very specific and limited way.
          Hands... out infractions
          Face... the music
          Space... between the ears

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            #35
            Originally posted by WTFH View Post
            Maybe because the ECB didn't exist until 1998, eh?
            Europe != ECB....
            The greatest trick the devil ever pulled was convincing the world that he didn't exist

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              #36
              Originally posted by LondonManc View Post
              Europe != ECB....
              Europe were involved in the bail out, but the bailout did not come solely and directly from the EU/ECB
              I'm perfect, in a very specific and limited way.
              Hands... out infractions
              Face... the music
              Space... between the ears

              Comment


                #37
                Originally posted by LondonManc View Post
                Of course, all this assumes that the EU stays together, despite the number of countries in the EU on the financial brink or disenchanted with it.
                Portugal, France, Spain, Cyprus, Italy, Greece, Poland all in danger of collapse or calling it a day.
                Has Ambrose Evans-Prichard published another article recently predicting the imminent demise of the Euro.



                The imminent demise of the Euro has been predicted since almost 20 years. The breakup of the UK is far more likely.
                I'm alright Jack

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