Ireland

It's interesting that the Tories who in opposition wouldn't support bailing out British banks,are now more than happy to support bailing out Irish banks.

It's also interesting to note that for a country that's supposed to be skint, and yet can suddenly find 7 Billion to support foreign banks.
 
If the costs for min wage n unemployment benefits are owt to go on then no wonder they are skint. That is without an influx of 2 legged odds n sods as well.
 
It's interesting that the Tories who in opposition wouldn't support bailing out British banks,are now more than happy to support bailing out Irish banks.

It's also interesting to note that for a country that's supposed to be skint, and yet can suddenly find 7 Billion to support foreign banks.
When a bank owned by the Taxpayer has all its asset sunk in Irish banks makes perfectly good sense to me, if the Irish go tits up so does RBS and all the money used by Brown to shore it up, but common sense was never your strong suit was Bernard;)
 
When a bank owned by the Taxpayer has all its asset sunk in Irish banks makes perfectly good sense to me, if the Irish go tits up so does RBS and all the money used by Brown to shore it up, but common sense was never your strong suit was Bernard;)

The Royal Bank of Scotland has interests in most countries in the European Union To suggest that it has all it's assets in Ireland is ridiculous.Why would it have?
 
The Royal Bank of Scotland has interests in most countries in the European Union To suggest that it has all it's assets in Ireland is ridiculous.Why would it have?
Was listening to one of Britain's top economist at lunchtime and it was he who said where RBS had all their dosh, plus many many more companies and organisations
 
Was listening to one of Britain's top economist at lunchtime and it was he who said where RBS had all their dosh, plus many many more companies and organisations

I would appear that we have been listening to different economist. But as they say put two economists in a room and you will get two different opinions.
 
But as stated elsewhere, the Country is getting hammered from all sides in an effort to save spending, Defence, Health & Welfare are having the screws turned ever tighter & yet they can find the cash to support foreign aid & Ireland in a bail out ! Incredulous, if the money's there it should be used to sort our own out first & foremost.

No, it seems that the present coalition isn't doing itself any favours here & carrying on as they are, it won't be long before they are regarded by those who supported them initially with the same derision & contempt as Labour was towards its last few years in power.

Something is drastically wrong with this system.
 
It appears that Georgie Boy ain't as reckless as I first thought, it appears that the Royal Bank of Scotland of which 80% is owned by the British tax payer, plus other companies have literally billions of pound invest in the Irish Banks, if they went tits up it would create havoc with the UK economy

I listen to Radio 4 (cos I hate TV) and after 10 pm the politicians and other learned scholars had a debate on the Irish predicament.

They must have been listening to jaysay because that is more or less what was said.
They have got us by the short and curlies to put it bluntly. I am off to the barbers (lady preferred).
 
so this means gordon brown was right to pump money into the british economy and the tories who are saying labour bankrupt britain are wrong because it was a global recession hey ye i was right all along;):hothothot
 
I listen to Radio 4 (cos I hate TV) and after 10 pm the politicians and other learned scholars had a debate on the Irish predicament.

They must have been listening to jaysay because that is more or less what was said.
They have got us by the short and curlies to put it bluntly. I am off to the barbers (lady preferred).


There are major British investments in Ireland. Corporation Tax is low in Ireland. But is that is a justifiable reason for handing over 7 billion pounds of taxpayers money.

What happens also if other Eurozone countries go the same way as Ireland. Do we bail them out as well.
 
so this means gordon brown was right to pump money into the british economy and the tories who are saying labour bankrupt britain are wrong because it was a global recession hey ye i was right all along;):hothothot
Of course Brown was right and the tories knew it..no government can stand back and let the life savings of British people go by the wayside..but now it seems this government are more interested in funding Irish banks.
 
It appears that Georgie Boy ain't as reckless as I first thought, it appears that the Royal Bank of Scotland of which 80% is owned by the British tax payer, plus other companies have literally billions of pound invest in the Irish Banks, if they went tits up it would create havoc with the UK economy


Well that just about sums it up.. how stupid could we be to even ask questions on cuts in this country while giving loans to Ireland?.. the tory tea bloke tells us George Osbourne is some sort of shrewd player.. and this goverment are doing the right thing...:rolleyes:
 
According to BBC News, we are lending Ireland 7 billion at 5% and borrowing it at 1 1/2%. So we make 25 million per year as long as it remains unpaid.

It doesn't mention any payment protection insurance, though. So if it goes unpaid, we will have no comeback, other than taking Ireland to court and getting a county court judgement.

And they will probably be told to pay it back at a pound a week. :(
 
Well that just about sums it up.. how stupid could we be to even ask questions on cuts in this country while giving loans to Ireland?.. the tory tea bloke tells us George Osbourne is some sort of shrewd player.. and this goverment are doing the right thing...:rolleyes:
By loaning £7 Billion you in fact saves British investment of £100s of billions seems to make sense to people who haven't an axe to grind with the Government or more likely the Tories
 
By loaning £7 Billion you in fact saves British investment of £100s of billions seems to make sense to people who haven't an axe to grind with the Government or more likely the Tories
OK.. and that makes sense to us numbskulls who don't know whats going on.. some bloke on telly told you it's all good business and you feel the need to proclaim his views on here.. well bless us all.
 
Last edited:
OK.. and that makes sense to us numbskulls who don't know whats going on.. some bloke on telly told you it's all good business and you feel the need to proclaim his views on here.. well bless us all.
Well its a sight better than your drunken prattling:p
 
"Shouldn't we expect that the rich and powerful organise things in their own interests. It's called capitalism."

Sir William Harcourt , the Liberal Chancellor of the Exchequer , said in 1894 : " We are all socialists now " .

Today it seems that we are all capitalists now , global capitalists at that .

Even China is included, even though it is still labelled as a Communist state . Why I don't know . Granted it is still totalitarian , but the gap between the rich and poor is growing , and its economy is going at break-neck speed down the capitalist road .

As someone has said : " We are all in it together ."
 
Back
Top