England to give ireland 6 billion pound?

[Catzsy]

The evidence is there loud and clear if you look at government debt;

Without the banking crisis government expenditure was still at levels that were unaffordable and like the Irish government now and the British government now, it is continuing to spend at levels which means a deficit forms. The banks do not add to the yearly deficit, they add to the overall debt (see above). The reason why smaller nations such as Ireland and Greece are collapsing first is because, coupled with the monetary problems and debt problems they can no longer secure loans big enough to keep themselves afloat which is essentially what we are doing now along with the US. At some point in time *UNLESS we cut back state spending dramatically* the same will happen to the UK and the US.

It's the tipping point, where people don't lend to you anymore because they feel you cannot pay it back.

Dan, the British economy was fine until the global financial crisis. It's the idealogy we disagree with. State v capitalism. Nobody has pointed out that Britain was the root of the crisis. It effected everybody worldwide so has nothing to do with this argument really.

[GommeInc]

Are we personally paying, or are the EU paying it out using the money the individual countries within the EU have given? Because it should be the latter, not the former.

[-:Undertaker:-]

Dan, the British economy was fine until the global financial crisis. It's the idealogy we disagree with. State v capitalism. Nobody has pointed out that Britain was the root of the crisis. It effected everybody worldwide so has nothing to do with this argument really.

But you can see it was not all fine, it was all on borrowed money. I could take out a £900,000 loan tommorow and live the high life - but one day that bill will arrive with the added interest, and our government and the western world has been funded via borrowed money.

I don't view it as idealogical, its reality - plain and simple economics.

Are we personally paying, or are the EU paying it out using the money the individual countries within the EU have given? Because it should be the latter, not the former.

Well we pay into the IMF and the EU as it is, so if those two are providing funds also then we are paying three times over.

[Special]

england arn't good at many things but giving money away (literally) is one of them

[Rapidshare]

england arn't good at many things but giving money away (literally) is one of them

Agreed.

[Phil]

THANKS GUYS XOXOXOXOX

Yeah I hope this work. It's about time the IMF have stepped in. We've actually gone to the dogs. Unfortunately we have to makes things worse to make things better. I can see them making it worse and not doing anything about it for a very long time.

[Casanova]

This is our own fault, we tossed our hat in the ring for giving ireland the money--ireland didn't ask for it.

It's unfair we as a british tax payer are doing so, but what you must remember is that during our 'boom', ireland had a giant boom too which a lot of money was invested by british based banks. This means, us giving 7 billion to ireland will guarantee what's invested by our banks.

It's unfair that this has happened. It was said during the EU and the development of the euro that this will happen. Once one falls other follows, the domino's are falling and you can only watch. greece then ireland. next up... spain?

[Josh]

Well it wouldn't be any better if they didn't get anything would it?

[Dean]

I thought we (the UK) were in debt? Since when did we have 6 billion to give out? :S

[GommeInc]

Well we pay into the IMF and the EU as it is, so if those two are providing funds also then we are paying three times over.

So in short, it's not our problem - the EU should be dealing with it It's pretty disrespectful the EU didn't immediately come in to sort out the problem, they have enough money afterall. It does support that the EU must be hiding something, with these unseen accounts which I believe you yourself have pointed out.