Reply to: Let's not send £350M to the NHS for 125 weeks

[BrilloPad]

Give it a while, and that £44 billion will be €4.27

I think it was €50bn. Which soon will be £1 trillion.....

[meridian]

The answer’s quite simple, HMG should set up a crowdfunding page and ask all of those that still want to Brexit to cough up. If they get the full 50bn then we’re out.

Presumably, all the Brexiteers will put their money where their mouth is?

[BrilloPad]

Trouble is too many thick people voted for brexit because they thought

I disagree with that. It was just a relex reaction.

[darmstadt]

Let them eat cake, no downside at all, they should have done this years ago.

The Tories have actually updated this:

As Marie Antoinette said of the poor, “let them eat cake” – the modern equivalent being “let them eat chlorinated chicken”.

[northernladyuk]

Trouble is too many thick people voted for brexit because they thought:-

1. We'd leave EU immediately and there'd be nothing to sort out.
2. All the foreigners would be kicked out immediately.
3. We'd immediately have loads of spare dosh which would go straight to the nhs. (I argued with some campaigner guy in the street who was telling people this).

Its a bit like being married, having kids, knobbing the next door neighbour and then thinking you can pack your bags and leave with nothing to sort out the next day.

How did you vote?

[psychocandy]

Trouble is too many thick people voted for brexit because they thought:-

1. We'd leave EU immediately and there'd be nothing to sort out.
2. All the foreigners would be kicked out immediately.
3. We'd immediately have loads of spare dosh which would go straight to the nhs. (I argued with some campaigner guy in the street who was telling people this).

Its a bit like being married, having kids, knobbing the next door neighbour and then thinking you can pack your bags and leave with nothing to sort out the next day.

[darmstadt]

Link




And another (from 2015)

And you still don't think the EU are behaving like crooks at every opportunity? Words fail me...

No figures there, nor any mention of Spain or Italy. Now if you want figures of how much the UK paid you will find it is here:

The Greek debt crisis story in numbers - BBC News

More for you to digest:

The UK has provided a total of €6.5bn (£5bn) via the EU for two bailouts: €3bn for Ireland in November 2010 and €3.5bn for Portugal in May 2011.
With both Ireland and Portugal now out of their bailout programmes, the UK has not lost any money supporting them at the peak of the crisis.
The UK has not made a contribution via the EU for the other eurozone bailouts: the three Greek ones, in 2010, 2012 and 2015 and for the Spain and Cyprus bailouts in 2012.
The UK has made further contributions, not because it was forced to do so by the EU, but because the IMF too provided loans for some of the bailouts. The UK's share of whatever the IMF provides is around 4.5% of the total. It amounts to around €4.5bn for all seven bailout mentioned.
In addition, in 2010, the UK provided €3.9bn in bilateral bailout loans to its neighbour and important trading partner - Ireland.
...
In 2011 the EU leaders agreed that the UK and other EU countries which are not in the eurozone, should not be part of any future eurozone bailouts.
The eurozone has subsequently established a new bailout fund, paid for by, and benefiting, eurozone countries only.
In 2015, when the third Greek bailout was agreed, Greece was also given a short term bridging loan of €7bn from an EU-wide fund which can provide loans to any EU country in financial difficulty. The fund is financed by borrowing against the EU Budget. The UK would have been indirectly liable for around €855 million (£598m) of the loan, through its share in the EU Budget.
But the UK government agreed a deal with the EU under which the European Central Bank - i.e. eurozone countries only - would cover any liabilities that would have fallen to the UK or other non-eurozone countries. This meant that the UK and other non-eurozone countries were exempted from any risk of losing money in this emergency loan to Greece.

[AtW]

I don't think the IMF are too keen if it means propping up the Eurozone. That's the ECB's job.

World Bank is skint too



Head of World Bank Wears Socks with Giant Holes! - Neatorama

AtW in "GreenLake" mode!

[Mordac]

Weren't they bailed out by the Eurozone of which the UK is not a part of or could you provide some figures of how much the UK paid out?

Link

Disregarding strong objections from British ministers, the European Commission on Wednesday proposed using a mothballed EU-wide rescue fund — the European Financial Stability Mechanism — to give Greece the €7bn it needs to cover debt repayments on Monday.

Aides say the British prime minister was “frustrated” by Brussels’ attempt to pull the UK into the Greece bailout, a possibility he thought he had closed down in 2010 after an agreement with all other EU leaders. Mr Cameron had boasted in the Conservative election manifesto: “We took Britain out of eurozone bailouts, including for Greece — the first ever return of power from Brussels.”

And another (from 2015)

And you still don't think the EU are behaving like crooks at every opportunity? Words fail me...

[Mordac]

Same amount as it is now or after Brexit - UK is on the hook via membership of IMF, where as members of EuroZone would pick up the rest of the tab.

I don't think the IMF are too keen if it means propping up the Eurozone. That's the ECB's job.
This is from last year:
https://www.theguardian.com/business...ce-debt-relief

Fund’s debt assessment calls for ‘upfront and unconditional’ debt relief for Athens or it will refuse to part-fund latest bailout

The Fund admitted its proposals for easing Greece’s debt burden would not be easy for some countries to accept, because it would involve member states making a commitment to compensate the European Stability Mechanism – Europe’s bailout fund – for any losses occurred from fixing interest rates at 1.5%.

“This would clearly be highly controversial among member states in view of the constraints – political and legal – on such commitments within the currency union,” the report said.

etc. etc.

EU politics will always trump reason, and that is why we should be nowhere near when the really messy brown stuff hits the fan.

[NotAllThere]

Divorce bill £44 billion
This is what the Brexidiots voted for
Brexit: UK divorce bill offer worth up to 50bn euros - BBC News

Give it a while, and that £44 billion will be €4.27

[AtW]

So would being in the EU negate what we would have to pay for being in the IMF or would we essentially 'pay' twice?

Being in EU won't negate responsibilities that come with IMF membership.

[darmstadt]

More's the pity.
How much do you think we'd have been in for if Italy/Spain/Greece etc needed bailing out (again)?
£45bn, much as it sickens me to be sending them what basically amounts to a ransom demand, in the long run will seem very cheap indeed.

Weren't they bailed out by the Eurozone of which the UK is not a part of or could you provide some figures of how much the UK paid out?

[original PM]

Same amount as it is now or after Brexit - UK is on the hook via membership of IMF, where as members of EuroZone would pick up the rest of the tab.

So would being in the EU negate what we would have to pay for being in the IMF or would we essentially 'pay' twice?

[AtW]

How much do you think we'd have been in for if Italy/Spain/Greece etc needed bailing out (again)?

Same amount as it is now or after Brexit - UK is on the hook via membership of IMF, where as members of EuroZone would pick up the rest of the tab.