A Friend in Need

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Doggy Styles replied

22 November 2010, 14:22
'I told you so' is not much of an economic policy.

Fair point.
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Doggy Styles replied

22 November 2010, 14:20
Originally posted by Troll View Post

I thought we wos skint - does this mean we have to print more wonga?

We are, but if we don't help, apparently we'll be even more skinter.
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Mich the Tester replied

22 November 2010, 13:15
Originally posted by thunderlizard View Post

It's a bit like being the oldest-looking of a bunch of 14-year-old boys, and going into the off licence to buy cider to sell to the younger-looking ones.

More like two drunks trying to hold each other up.
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thunderlizard replied

22 November 2010, 13:06
Originally posted by Troll View Post

I thought we wos skint - does this mean we have to print more wonga?

No. Britain is up to its nostrils in debt but still manages to borrow quite easily. So we borrow the billions and lend them straight to Ireland, which nobody else will lend to.

It's a bit like being the oldest-looking of a bunch of 14-year-old boys, and going into the off licence to buy cider to sell to the younger-looking ones.
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Troll replied

22 November 2010, 12:53
Originally posted by BdP View Post

This is more to do with an indirect 2nd bail out of RBS and other UK banks exposed to Ireland. A "mess" indeed ...

I thought we wos skint - does this mean we have to print more wonga?
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BdP replied

22 November 2010, 12:14
Originally posted by shaunbhoy View Post

BBC News - Irish Republic offered loan of 'around £7bn' by UK

Well said that man!

And with the Queen set to make her first trip to Ireland next year, expect Irish morale to reach an all-time high in 2011.

This is more to do with an indirect 2nd bail out of RBS and other UK banks exposed to Ireland. A "mess" indeed ...
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DimPrawn replied

22 November 2010, 11:03
With the £7bn of our money, I expect the first thing the Irish will do is put it down as a deposit on a few million BTL's.

Property only ever goes up it price, so it's a no brainer.

Or perhaps they could order some more Mercedes cars?

Still, we can afford it. Fire up the printers Merv!
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Mich the Tester replied

22 November 2010, 10:50
What a bloody mess.
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shaunbhoy started a topic A Friend in Need

22 November 2010, 09:52
A Friend in Need

BBC News - Irish Republic offered loan of 'around £7bn' by UK

Mr Osborne said he had been among those to oppose Britain's entry into the euro but added: "'I told you so' is not much of an economic policy. We've got to deal with the situation as we find it and it is in Britain's interests that we get some stability in Ireland, it's in Britain's interest that we are good neighbours."

Well said that man!

And with the Queen set to make her first trip to Ireland next year, expect Irish morale to reach an all-time high in 2011.
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