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  1. #21
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    Habbo
    katie.pricejorda

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    Quote Originally Posted by entrance View Post
    The government owning the bank and the government having the highest share in the bank is different? :S

    The government owns what 75% of it doesn't mean the government owns it, if the government owns it its nationalised, which Lloyds isnt from what im aware? :s
    The government owning a private asset is nationalisation and I believe to own something you have to own 51% of it.

    About banks being safe, they're all safe cause the government has shares in them all, and own some of them. If a bank were to go bust you're covered for up to £50,000 anyway (I assume no HxF members have over £50k in a bank...)

    As for Portugal, it's a fact that you'll get less visitors this year whether you notice or not. The UK is mostly behind your tourism industry, virtually everyone in the UK has been hit by it so tourism will be hit. Portugal is part of the Euro anyway and Sterling > Euro is an awful exchange rate, most people looking for sunny holidays will go to Turkey, Egypt, Tunisia, Morocco, Bulgaria cause they're not part of the Euro.
    Last edited by Jordy; 11-03-2009 at 04:15 PM.

  2. #22
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    or anywhere else in the world that uses the £ which i think is like 2 places lol

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