Re: NEW BAIL OUT.

Stan

I think there are different issues here. Firstly, our chancellor wants the Bank of England to give UK banks money that can only be used for loans to UK businesses etc. This has nothing to do with Europe and is designed to stimulate our economy. This must be a good thing, the only question is how well it will work.

The second issue is the relative strength of the Euro vs the pound. If the Euro becomes very weak they cannot afford to buy our goods so any money we spend on stimulating our economy will probably be wasted as Europe is our main trading partner.

The third thing is we are not using our money to bail out Spain, that is all coming from the Euro zone, although as Spain will have to pay about 7% interest in might be worth lending them money.

Should we leave the EEC? There are a lot of reasons on both sides but, as I said before, they are our main trading partner. We can't become isolationist and support ourselves, the Commonwealth now only exists in name, and the Far East and USA are just not viable options. If we leave the EEC they might make it very difficult for us - so do we really have a choice?

Re: NEW BAIL OUT.

 we might be better being the 51st state rather than in the eu

Re: NEW BAIL OUT.

tankie63 said:

Thats it. Declare war on the USA at 12:00 mid day, then surrender at 12:01 and hold out our hands for foriegn aid from them.

tankie63.

Well we do have loads of American companies here already and all them "Americanisms" as well. Its almost like we have been annexed by the yanks anyway. And as for that "Special Relationship" between the Brits and the Yanks, what does that do for us? Nothing.

As for the original question, I dont think this money going to the banks will change a thing. Banks are being given money by the BofE at a low 5% interest and they are still offering loans to business' at around or over 20%, small business' cant afford to have loans like that.

I would agree that we need to get out of the EEC, it cost us Billions each year to be appart of it, with the payments to Brussels and everything that entails, to all the immigrants that come in the country and we cant do nothing about them except house them and give them benefits.

Re: NEW BAIL OUT.

Good points guys,but i still feel we should pull out of the EU,it has drained us in more ways than one and now Germany are not doing much,our economy is not going to recover unless cuts in tax are made for sure and lending can begin again to get the markets moving,hard times.

Re: NEW BAIL OUT.

if we drop out of the E U it will cause many ex pats a great deal of grief me and mine included i did read that the U K powers that be are making plans to recover ex pats who would probably finish up skint would that cost the country a fortune yes it would,,,,,,but a least they would be helping their own for a change instead of dishing out millions to the E U drop outs,,,,my own opinion is i dont give a dam one way or the other i will survive,,,,,my only problem is i would have to drive back because i dont fly at least they would have to pay my wife what she is owed by our D W P,,,,,but belive me we will never leave the E U the damage was done when we entered the bloody circus