British taxpayers to bail out euro

[TimberWolf]

British taxpayers ordered to bail out euro - Telegraph

...The deal, effectively to shore up the euro, was denounced as a “stitch-up” last night after it emerged Nicolas Sarkozy, the French President and Angela Merkel, the German Chancellor, had devised it behind closed doors and were attempting to push it through at a time when there is no clear government in Britain...

[threaded]

If it happens it looks like it'll be the last straw and trigger an election in Denmark.

[TimberWolf]

If it happens it looks like it'll be the last straw and trigger an election in Denmark.

It does sound as though we are enjoying all the disadvantages of not being in the Euro while not enjoying the advantages. Would the EU prop up the Pound or krone if they came under attack?

[TimberWolf]

And recent events also begs the question whether Brown and Darling should be making multi £billion negotiations and EU decisions.

[HairyArsedBloke]

British taxpayers to bail out euro

French and German Banks

Sminki: Wall Street Journal

[TimberWolf]

French and German Banks

Sminki: Wall Street Journal

Thank goodness Brown is no longer in power, otherwise we'd be in for a(nother) royal EU shafting

[AtW]

They'd better fix falling euro currency

[HairyArsedBloke]

They'd better fix falling euro currency

Don't worry, the euro might not be falling against everything next week. If the snot goblin is still around, the euro will be gaining against the pound.

[TimberWolf]

So if Sterling is going to be used to help prop up French and German banks, Greece, Spain, Portugal and Ireland, who are the markets going to go after instead

[OwlHoot]

So if Sterling is going to be used to help prop up French and German banks, Greece, Spain, Portugal and Ireland, who are the markets going to go after instead

It's only money, nothing to worry about.

With the UK deficit (national debt increase) currently at almost £ 500,000,000 a day, the ten billion we've been ordered to stump up is a mere three weeks more deficit.