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Old 26-05-2012, 20:54   #690
Guinness
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Re: Did Graham Jones do the right thing?

Slow internet screwed my previous post, should have read....

The UK is actually making a few quid out of that deal, in simplistic terms because Ireland has a poor credit rating, the UK, along with other countries, borrowed on their behalf at a lower interest rate, gave them the money and now charge Ireland a higher interest rate than the borrowers are paying to the banks.

It's one of the reasons why the Greeks are telling the Eurozone to get stuffed, and they have a point, Germany et al, get richer by charging exorbitant rates which the population of Ireland, (and soon to be Spain), have to pay back, because they were suckered into joining the Euro and now have the financiers of these countries, (who incidentally got Ireland into the mess by promising the Earth if they joined the Euro), basically running the economy and therefore governing Ireland

I hope the Greeks stick to their guns. Go Greece! I for one am rooting for you
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