EU demands £25bn lifeline from the UK

Printable View

19-12-2011, 01:05 PM
Chippiewill

EU demands £25bn lifeline from the UK

Quote:

European finance ministers will aim to agree a new €200 billion (£167.7 billion) loan to the International Monetary Fund as part of a deal to save the single currency.
Three quarters of the money is expected to come from eurozone members, but Britain will also be asked to provide funds.
Figures suggest European Union officials expect British taxpayers to be the second largest contributor. The Prime Minister has repeatedly promised not to provide any extra funding for the IMF for the specific purpose of saving the euro and Britain is already liable for £12 billion of loans and guarantees to Ireland, Greece and Portugal.
Earlier this month, EU countries set today as the deadline to raise up to €200 billion in new loans for the IMF to deal with the eurozone crisis.
Finance ministers will hold a conference call in an attempt to reach agreement on the war chest.

http://www.telegraph.co.uk/news/worl...om-the-UK.html

For those wondering that's around 15% of the entire thing, with only Germany paying more and france equal. We are being bullied into paying a bill that isn't ours. Thoughts?
19-12-2011, 01:08 PM
-:Undertaker:-

Dave will probably cough it up being the weak man he is.
19-12-2011, 01:12 PM
Chippiewill

I'm inclined to agree with you there, but I hope for our sake that he has the sense to not pay the full amount.
19-12-2011, 01:31 PM
Ajthedragon

Live in hope that he won't.

I'd love to see it flop. :P
19-12-2011, 01:34 PM
-:Undertaker:-

Quote:

Originally Posted by Ajthedragon

Live in hope that he won't.

I'd love to see it flop. :P

It will anyway, its just how much of our money will they waste before it does.
21-12-2011, 12:48 AM
Chippiewill

Just an update this, it seems that "Dave" did indeed stay to his word and refused to pay up the 30bn euros.
21-12-2011, 12:53 AM
Mathew

Impressive! Is this helping his poll figures out of interest? :)
21-12-2011, 01:04 AM
Chippiewill

Quote:

Originally Posted by Mathew

Impressive! Is this helping his poll figures out of interest? :)

It wasn't mentioned much by the media, the B EUBC didn't even talk about it.
21-12-2011, 05:23 PM
GommeInc

Quote:

Originally Posted by Chippiewill

It wasn't mentioned much by the media, the B EUBC didn't even talk about it.

An article on the Android BBC app appeared to talk about it, and was strangely neutral as things go. It was sometime yesterday afternoon the article appeared, but I can't for the life of me remember what it was called :S

EDIT: Found it:
http://www.bbc.co.uk/news/world-europe-16259150

It goes straight into about how Osbourne believes the IMF is to support countries and not currencies, and then talks about how the President of the ECB(?) believes the Euro can survive.