Germany backs Greek bail-out as EU creates 'economic government'

[Mich the Tester]

Oh great. Another EU stitch up in the making...

Greece begs.

Germany agrees.

Britain pays.

No, Germany pays. Britain pays a lot less into the EU and doesn't have any money anyhow. Just hope the rescue plan works in Greece; Britain might be needing something similar before long.

[TimberWolf]

PIIGGS

The other G is Great Britain

[Scary]

Seeing as there are 2 Greek threads:

This should help Greece a bunch - http://news.bbc.co.uk/2/hi/europe/8507551.stm

[DiscoStu]

PIIGGS

The other G is Great Britain

Except we don't use the Euro, so aren't going to get bailed out by the EU.

IMF anyone?

[AtW]

Except we don't use the Euro, so aren't going to get bailed out by the EU.

Yes, but you are forgetting the advantage of controlling your own rates (now near 0)!

[Doggy Styles]

Except we don't use the Euro, so aren't going to get bailed out by the EU.

We don't have to do the bailing out either.

[DiscoStu]

We don't have to do the bailing out either.

Good job! We couldn't even afford to chuck a couple of magic beans their way...

[threaded]

We don't have to do the bailing out either.

Erm, but surely all this money that is invented is mainly invented in the centres that do the most financial transactions, i.e. London.

So, the UK will be part of the bail out, and that means you as a tax payer, one way or the other.

Just like Bailout 1.0, shirley?

[Flashman]

Oh dear. Looks like the EU has decided Britains going to pay after all

http://www.telegraph.co.uk/finance/f...ut-Greece.html

what a surprise.

[Tarquin Farquhar]

Is there anybody who isn't being bailed out?

Oh yeah, me.