Tell you what we give them £7B they give us Dublin.
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I thought we were in massive debt?
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Originally posted by vetran View PostTell you what we give them £7B they give us Dublin.
I say give them 7 billion on the condition they take that bloody NI off our hands.And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014Comment
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That might work
we would save a fortune not subsidising their politicians.Always forgive your enemies; nothing annoys them so much.Comment
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Originally posted by Mich the Tester View Post
I say give them 7 billion on the condition they take that bloody NI off our hands.Comment
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Originally posted by DimPrawn View PostUK pledges £7bn to help bail Ireland out of debt crisis - Telegraph
So, let's get this straight. We MUST cut our own public spending becuase of a record breaking deficit. UK citizens must suffer the pain.
But hey, the Irish, who have been having a whale of a time speculating on property are worthy of £7bn of money we don't have?
You couldn't make this tulip up.Originally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishingComment
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It makes sense to do it - should Ireland fall then it would affect interest payments paid by Govt and BoE would have to print more money. Considering amount of "QE" already done and in pipeline this £7 bln is peanuts.
At least Ireland and Greece actually CUT public sector proper - real cuts in salaries.Comment
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Originally posted by AtW View PostIt makes sense to do it - should Ireland fall then it would affect interest payments paid by Govt and BoE would have to print more money.How fortunate for governments that the people they administer don't thinkComment
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Originally posted by vetran View PostTell you what we give them £7B they give us Dublin.
Mmmmm.. cheeseComment
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Originally posted by Troll View PostPlease explain the logic behind that statement
Source: UK National Debt — Economics Blog
So £7 bln is around 2 months worth of UKs interest debt payments. If Ireland falls and its bond holders register losses then it would reduce demand for Govt debt apart from safe heavens (UK isn't one of them - USA might still qualify), so you'd sell less gilts at higher interest rate and also will have to print money to buy unsold gilts from Govt.
Now what EU should do is tell Ireland in certain terms to stop being a legit offshore and increase tax rates for things like corp tax (12% I think) - something like 15-18% would be closer to fair deal and UK should reduce their own to the same level that should be common across all Europe (plus minuse few percentage points).Comment
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Originally posted by Mich the Tester View PostWTF do you want Dublin for? It's got some good pubs, two decent universities and one or two nice buildings, but an awful lot of sink estates too.
I say give them 7 billion on the condition they take that bloody NI off our hands.Fiscal nomad it's legal.Comment
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