Re: Not going too well for Brexit!!!
Originally Posted by
itsme
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I know you are always polite sw and I hope you did not think I was being so, and you may be right that I don't understand how Sovereign Finances work, but hey! that goes for bankers as well nes pas?
My point mainly was that it wasn't just Germany who had it's fingers in the pie. If the Greek banks had been left to take the hit as you say, would not the situation have gravely worse as in our own bailing out of our banks which has cost this country something like £1 Trillion.
Hi
After the Financial Crash, which as you say has cost us a mint, the EU, and others, changed the system to prevent Governments having to bail out the Banks again.
Germany should have, under this agreement, let it's Banks take the hit, they did not and used EU Central Bank Funds to protect them.
Greek Pensioners have taken the hit, not German ones.
I must declare a personal interest here.
I absolutely loathe Juncker.
Recently he was asked why he had taken no action against France for breaking EU Rules on Finances., specifically Budget Deficits.
His reply was because it is France.
To balance the equation, I also loathe Theresa May.
They are both Control Freaks.