Daiwa, bye bye UK, hello Frankfurt

[LondonManc]

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.

[darmstadt]

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.

[LondonManc]

Will history repeat itself?

Funny that Europe didn't bail us out then, eh?

[WTFH]

Funny that Europe didn't bail us out then, eh?

Maybe because the ECB didn't exist until 1998, eh?

[LondonManc]

Maybe because the ECB didn't exist until 1998, eh?

Europe != ECB....

[WTFH]

Europe != ECB....

Europe were involved in the bail out, but the bailout did not come solely and directly from the EU/ECB

[BlasterBates]

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.