Reply to: Germany backs Greek bail-out as EU creates 'economic government'

[Tarquin Farquhar]

Is there anybody who isn't being bailed out?

Oh yeah, me.

[Flashman]

Oh dear. Looks like the EU has decided Britains going to pay after all

http://www.telegraph.co.uk/finance/f...ut-Greece.html

what a surprise.

[threaded]

We don't have to do the bailing out either.

Erm, but surely all this money that is invented is mainly invented in the centres that do the most financial transactions, i.e. London.

So, the UK will be part of the bail out, and that means you as a tax payer, one way or the other.

Just like Bailout 1.0, shirley?

[DiscoStu]

We don't have to do the bailing out either.

Good job! We couldn't even afford to chuck a couple of magic beans their way...

[Doggy Styles]

Except we don't use the Euro, so aren't going to get bailed out by the EU.

We don't have to do the bailing out either.

[AtW]

Except we don't use the Euro, so aren't going to get bailed out by the EU.

Yes, but you are forgetting the advantage of controlling your own rates (now near 0)!

[DiscoStu]

PIIGGS

The other G is Great Britain

Except we don't use the Euro, so aren't going to get bailed out by the EU.

IMF anyone?

[Scary]

Seeing as there are 2 Greek threads:

This should help Greece a bunch - http://news.bbc.co.uk/2/hi/europe/8507551.stm

[TimberWolf]

PIIGGS

The other G is Great Britain

[Mich the Tester]

Oh great. Another EU stitch up in the making...

Greece begs.

Germany agrees.

Britain pays.

No, Germany pays. Britain pays a lot less into the EU and doesn't have any money anyhow. Just hope the rescue plan works in Greece; Britain might be needing something similar before long.

[AtW]

if G from PIGS is taken care of, there is still PIS
Question is , will Germany bail them out as well ?

That might not be necessary, but in any case euro zone will bail out its members.

Who will bail out sterling?

[Doggy Styles]

if G from PIGS is taken care of, there is still PIS
Question is , will Germany bail them out as well ?

PIIS

Yes, they'll all be bailed out. That is why the PIIGS like being in the Euro - authority without responsibility.

[Andy2]

Who are the markets going to go turn their attention to if Greece is being protected

if G from PIGS is taken care of, there is still PIS
Question is , will Germany bail them out as well ?

[TimberWolf]

Who are the markets going to go turn their attention to if Greece is being protected

[chef]

great, so I make plans to leave the Uk as that is f##ked and now Germany is going to "take one for the team" aswell.. AND I don't like Greek food much either, wouldn't be so bad if it was Italy, atleast they do nice food.