British banks withdraw billions from Europe as Mario Monti criticises Germans

[Old Greg]

Old Greg and you are like mirror opposites if each other.

But like mirror images there are some things we would say that are the same. We would both have always been against the Euro and against the EU as they are the tools of an undemocratic political élite.

But in some ways the mirror does create opposites: DA is a cretin and modesty forbids me from completing the comparison.

[BrilloPad]

About time we withdrew them. We need the money over here. Maybe create a few factories?

[DodgyAgent]

B: DA is a cretin and modesty forbids me from completing the comparison.

First time I have been called a cretin! and I am an agent! The irony is that I expected it to come from SAS!

[Old Greg]

First time I have been called a cretin! and I am an agent! The irony is that I expected it to come from SAS!

Make it twice, cretin.

[Old Greg]

About time we withdrew them. We need the money over here. Maybe create a few factories?

Bennite industrial democracy - that's more like it!

[AllezFrance]

First time I have been called a cretin! and I am an agent! The irony is that I expected it to come from SAS!

x3+

[TimberWolf]

All a bit bizarre when indebted countries contribute to the debt fund, borrowing from that same fund to do so.

Italy, which has a massive national debt that has prompted market turmoil in recent weeks, was last night reported to have committed 23 billion euros to the IMF scheme.

There were claims the European Financial Stability Fund (EFSF), an existing EU bailout fund, may have to lend money to Italy so it can give money to the IMF which it in turn will give to EFSF and to Italy.

Eurozone crisis: David Cameron's defiance rewarded as Merkel's man snubs Sarkozy | Mail Online

While the UK is also busy borrowing (and printing) and lending out borrowed money, presumably which will never be seen again. Does anyone realistically expect to see their money back?

Allegedly, creditors pay in the end, whoever they may be.

[BrilloPad]

Does anyone realistically expect to see their money back?

Yes. But I still believe in Santa. And that the Chinese will keep bailing the West out. Today's Alex cartoon in the Telegraph illustrates this quite nicely.