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Previously on "EU DOOM"
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The UK did pay anything at all. They borrowed like a drunk with a credit card on the international markets and they've just splurged a whole lot more. Guess it was for the EU leaving party.Originally posted by Andy2 View PostFTFY
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God this EU place sounds wonderful, I so wish we were part of the gang, all the free freshly printed money....
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If the UK were in the EU... then the UK could enjoy some of this newly created money on projects you know Westminster will never spend money on.
Hey ho.
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EU DOOM
“ EU sovereign bonds can reshape the bloc’s future
Almost exactly 70 years before the EU agreed its recovery fund package, the bloc was taking its first steps towards monetary union. Chronically short of dollars, the international reserve currency under the Bretton Woods arrangement, and having to resort to barter in order to trade with each other, the war-torn countries of western Europe banded together into the European Payments Union, allowing them to trade on credit and delay dollar payments until the end of the month.”
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