Re: Take a Good Hard Look in the Mirror Remoaners!
Originally Posted by
Tedc
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It costs them a lot.
Also they could have all the trade, after leaving, as can we.
How long will they prop up the ones who are in debit?
IMHO Ted, it doesn't cost Germany anything to bailout the the ones
" in debit" as you call it , in Greece's case the money owed was
liable for interest which had to be payed BEFORE any capital was
debited from the loan owed to the GERMAN BANKS that loaned it
to the Greeks in the first place!! This turned out to be impossible
for Greece so the debt kept being rolled over for many years despite
drastic measures being applied to the Greek population to try to
scrape the payments together each year !!!
The debt kept rolling over despite the capital amount being paid
for several times over, in other words it was an evermore debt !!
I believe last year the banks wrote off the "debt"
Since then the German banks have been replaced by the ECB but
Imo the same methods are being used to keep the newer members
of the EU in their place !
Donkeyman! 🤔🤔