Reply to: British taxpayers to bail out euro

[The Wikir Man]

NL will be punished by the voters because Gordon would not fall on his sword

Nice to see the CUK crystal ball working so effectively these days....

[ratewhore]

More money for those bastards in the City to play with.

Someone is going to make tuliploads!

Speaking of the City, I suggest pulling out of the EU and making the City an offshore tax haven.

Given I only thought of this in the last 60 seconds, are there any issues I may have overlooked?

[Churchill]

More money for those bastards in the City to play with.

Someone is going to make tuliploads!

[TimberWolf]

11'th hour EU stability package in place, Pound up, Euro up, gold down, PIGS saved, crisis over

[shaunbhoy]

Then LibDems will go to Liebor who are desperate to offer all they can to stay in power, and Cameron personally will lose his job for certain.

Utter rubbish. If the Lib Dems go over to the NL camp then they will barely have a majority, even if many of the small parties rally to their cause.
The resultant coalition will be a completely ineffectual shambles and we will be facing another election in a few months. NL will be punished by the voters because Gordon would not fall on his sword, and SuperCleggy will be ditched for siding with the losers instead of coming to a working agreement with the Tories. This will ultimately result in a working Tory majority with Cameron at the helm.

[Gonzo]

Next week (starting in an hour [and Australia at 11 p.m BST?]) has all the making of being an interesting week. Glad I'm not holding too much Sterling. Or Euro.

Markets are open.

I am by no means an expert in chart interpretation but it looks like there is a bit of selling of GBP but nothing to tulip yourselves over.

[AtW]

I think that Cameron should say, "Agree before 10pm so we can announce it before the open of the markets, or you can shove it forever".

Then LibDems will go to Liebor who are desperate to offer all they can to stay in power, and Cameron personally will lose his job for certain.

[SueEllen]

Until there is a new government, then the current one has to govern.

A fact unfortunately lots of people and the newspapers don't realise.

[HairyArsedBloke]

If after all this time and facing the markets the Conservatives could not get any form of agreement with the LibDems the I think that Cameron should say, "Agree before 10pm so we can announce it before the open of the markets, or you can shove it forever".

[TimberWolf]

Market in Asia and electronic trading in the west start in one hour at 10pm London time.

We have a supposed euro 'stabilisation fund' that nobody has a fracking clue what it means and no sign of any sort of government in the UK.


Ya gotta larf.

Next week (starting in an hour [and Australia at 11 p.m BST?]) has all the making of being an interesting week. Glad I'm not holding too much Sterling. Or Euro.

[HairyArsedBloke]

Market in Asia and electronic trading in the west start in one hour at 10pm London time.

We have a supposed euro 'stabilisation fund' that nobody has a fracking clue what it means and no sign of any sort of government in the UK.


Ya gotta larf.

[The Wikir Man]

And recent events also begs the question whether Brown and Darling should be making multi £billion negotiations and EU decisions.

Until there is a new government, then the current one has to govern.

[TimberWolf]

Britain rejects Eurozone bailout fund

European Union finance ministers meeting to consider ways to prevent the Greek debt crisis from spreading across Europe have hit a roadblock, with Britain announcing they will refuse to underwrite a bailout fund worth some $60 billion.

EU leaders are worried that financial markets will continue to lack confidence in countries with high deficits.

Officials and diplomats in Brussels hope that a stabilisation mechanism will calm the international markets' fears about default in Europe.

But the loan guarantees are too much for the UK to swallow, and the UK Treasury will have nothing to do with them. Without the UK onboard the package looks pretty thin.

Britain rejects Eurozone bailout fund - ABC News (Australian Broadcasting Corporation)

[Flashman]

British taxpayers ordered to bail out euro - Telegraph

After the oh_so_important uk general election it's good to see our real government at work in Brussels.

The sad thing is if Dave Cameron had given us the eu referendum he promised he'd be looking at having 20 more Conservative MP's and none of this would matter.

[HairyArsedBloke]

So GBP is all right then and EUR is doomed?

Nope, both fracked. Just the relative amouts of frackedness will vary over time.