Accrington Web - View Single Post - Borrowing by the UK and Eurozone countries

Mancie · 12-06-2012, 21:34

I know there must be a complicated system of borrowing by the UK and most countries in the world but here's a simple question hoping I don't appear dumb....who do we "borrow" this money from and who do we have to pay back our debts too?..is there a wharehouse full of cash somewhere in the world?
Spain has just been loaned 100 billion to prop up failing banks.. the UK has given (not loaned) untold billions to prop up British banks...if the banks are so skint how can they be lending money to the government?..

12-06-2012, 21:34	#1
Mancie God Member Join Date: Feb 2006 Location: In the corner Posts: 5,946 Liked: 3 times Rep Power: 10742	Borrowing by the UK and Eurozone countries I know there must be a complicated system of borrowing by the UK and most countries in the world but here's a simple question hoping I don't appear dumb....who do we "borrow" this money from and who do we have to pay back our debts too?..is there a wharehouse full of cash somewhere in the world? Spain has just been loaned 100 billion to prop up failing banks.. the UK has given (not loaned) untold billions to prop up British banks...if the banks are so skint how can they be lending money to the government?.. Last edited by Mancie; 12-06-2012 at 21:36.