02-12-2016, 09:29 AM
12
Re: FRExit looms
Originally Posted by Realist
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This is BS and just kidology using terminology.If I belong to a collective, say Hastings Car Insurance then as a member I suffer directly from anything that the collective suffers from.
So if some teenage scrote crashes his car, nothing to do with me, the collective, Hastings, bails him out, i.e. pays his costs.
I may not personally have bailed him out being a member of Hastings but I sure as hell will get penalised indirectly by premium hikes and other ways.
The UK has had to help bail out other countries in the past. It paid £5bn via the EU for the bailouts of Ireland in 2010 and Portugal in 2011.
The UK did not made a contribution via the EU for the other eurozone bailouts: the three Greek ones, in 2010, 2012 and 2015 and for the Spain and Cyprus bailouts in 2012.
However . . .
The UK has made further contributions, not because it was forced to do so by the EU, but because the IMF too provided loans for some of the bailouts. The UK's share of whatever the IMF provides is around 4.5% of the total. It amounts to around €4.5bn for all seven bailout mentioned.
In addition, in 2010, the UK provided €3.9bn in bilateral bailout loans to its neighbour and important trading partner - Ireland.
Really it's just common sense. Where TF do people think the money will come from to bail out successive EU failures? Will Junker magic it out of thin air?
No. The bail-out money comes from individual bodies like the IMF and others and if you are a part of the EU club, then you have to pay your share of the subs.
Directly or indirectly the UK has paid billions to bail out EU failures and will continue to do so.
I SAID they were not liable or that the UK got the money back.
https://infacts.org/mythbusts/britai...t-bail-greece/
and the UK volunteered to help Ireland.
02-12-2016, 10:40 AM
16
Re: FRExit looms
Originally Posted by Flicker
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I didn't say they didn't chip in.I SAID they were not liable or that the UK got the money back.
Getting the money back is NOT the end of the story. The bail-out money HAS to come from somewhere as you most assuredly know. It isn't materialised out of thin air. The money comes from bodies like the IMF who provide the loans to the failed EU member states. Where does IMF get that money from? From the payments made to it by the member states which of course includes the UK.
The UK funds 4.5% of the IMF. So every time there is a bail-out the UK's 4.5% will represent a bigger number, hence we end up paying BILLIONS for these disasters. It's not just the IMF but that's the easiest example.
Quit trying to mislead people by suggesting these bail-outs don't affect the UK because "they get the money back".
02-12-2016, 12:34 PM
17
Re: FRExit looms
OIC!!You want to pull out of the IMF as well!!
Before you do here is a short description of some of what they do.
http://www.imf.org/en/About/Factshee...orted-Programs
Now how in all that do you know that the pounds the UK sent actually were spent in Greece?? or indeed how much?? or even better how much you will get back when the interest is due on Greek recovery?
and further are you seriously suggesting that the UK does not belong to the IMF anymore??
Can you really be that insular?
02-12-2016, 01:18 PM
18
Re: FRExit looms
lols. You really do come straight out of a comic bookHonestly you are fooling no-one at all with this pretence that the EU and all these associated bodies are good Samaritan organisations focused on humanity. It's laughable.
The IMF - Loan Sharks
http://www.globalexchange.org/resources/wbimf/oppose
"Since the debt crisis of the 1980's, the IMF has assumed the role of bailing out countries during financial crises (caused in large part by currency speculation in the global casino economy) with emergency loan packages tied to certain conditions, often referred to as structural adjustment policies (SAPs). The IMF now acts like a global loan shark, exerting enormous leverage over the economies of more than 60 countries. These countries have to follow the IMF's policies to get loans, international assistance, and even debt relief. Thus, the IMF decides how much debtor countries can spend on education, health care, and environmental protection. The IMF is one of the most powerful institutions on Earth -- yet few know how it works."
02-12-2016, 05:12 PM
19
Re: FRExit looms
Originally Posted by Flicker
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Do you know the difference between an objective conversation and a personal one?
Yes now why don't you tell us why you hate the UK so much ?
So much that you consistently sneer mock and belittle the uk ( and by association anyone who doesn't agree with your incredibly biased opinions.
02-12-2016, 05:18 PM
20
Re: FRExit looms
Originally Posted by Flicker
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Do you know the difference between an objective conversation and a personal one?
Thanks.
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