MercoPress. South Atlantic News Agency
Bank of England stand-by on optimism over a solution to the Euro debt crisis
The Bank of England has resisted injecting further emergency liquidity to the UK economy as optimism over finding a solution to the Euro zone debt crisis grew. Read full article
Comments
Disclaimer & comment rulesits our money,
Jun 08th, 2012 - 10:47 pm - Link - Report abuse 0and the germans want it, pumpt into us, now, and it slowly leaks to them,
soddy offy,
we can have it, when we are out of the euro gravy train.
The UK banks will never take the losses, cause the population will pay through more austerity. Oh and cameron and osborne are tools of the banks. Who hasn't figured that out yet is a moron. Keep printing mr SIR Merv the perv.
Jun 09th, 2012 - 02:17 am - Link - Report abuse 0http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9312513/UK-banks-sitting-on-40bn-of-undeclared-losses.html
The car market soaring and its irrational behaviours might not indicate of where the Economy is going.
Jun 09th, 2012 - 09:33 am - Link - Report abuse 0Mervyn King has never held a job in the real world, he is a product of the university system from the time of leaving school until he went to head the BoE.
Jun 09th, 2012 - 09:52 pm - Link - Report abuse 0The cnut Brown, the unelected Prime Minister (our sytem allows this charade) the 'Man Who Saved The World' but didn't, re-appointed King when it was obvious to everyone else he was a Wanker of the First Order .
And a PM who has never held a job in the real world except in his fathers company (in the P.R. department) and inherited the proceeds from it to put to his (already) millions: and who is this person, David Cameron, aka Camoron.
I voted conservative all my life until the muppet Cameron and I just couldn't stomach it even tjhough I had voted for John Major!. He was so obviously a 'Bad Un' that the Conservatives deserve everything that is coming to them.
I have come to the view that the reason no solution to the EuroCrisis has been found yet is because there isn't one.
Jun 10th, 2012 - 07:51 am - Link - Report abuse 0The Germans are the key to 'solving' this .They have been happy building up large trade surpluses with their European partners based on a typically efficient German industrial machine and typically inefficient southern Eurozone economies (including France to a certain extent).They have had an approximately inbuilt 30% cost advantage over the southern Eurozone.
Until the 'Crunch' they were quite happy recycling the money to the southern Europeans (and Irish) who largely decided to put the money in property.Thus Ireland ends up building more new homes per annum than Britain with a population 13 times the size and Spain ends up with more empty properties than the whole of the USA.
The Germans , as the key players ,have a choice ;either let the PIIGS go bust in which case they lose out on their previous large profits from selling BMWs ,Audis and Mercs to them or else subsidise them add infinitum or until they become as efficient as the Germans (which is never).
To my mind the best analogy is a horse race; the Germans are the sleek race winning thoroughbred with excellent past form, the British and the French are carthorses with some chance of completing the race and maybe ending in the top three. The PIIGS are little donkeys with no chance of completing the race and a good chance of dropping dead from exhaustion halfway through the race.
It all seems so obvious now and some of the founders of the Eurozone are coming out of the woodwork saying they had their doubts.Short of catastrophic wars this looks like it is going to inflict more harm on the Eurozone,Europe and the world than anything in living history.
It is very apt that hubris is a Greek word ( coming from the founders of western civilisation) as this is beginning to look like it may be the end of it !
UKout
Jun 10th, 2012 - 08:08 pm - Link - Report abuse 0CAMARON out
CONSERVATIVES out
UKIP in,
they cant do any worse,
but mayby just a bit better,
go on give em a try,
6 briton
Jun 11th, 2012 - 07:52 pm - Link - Report abuse 0I must admit I do like Nigel Farage and the way he puts his views to the 'Gods of Brussels'.
But where would UKIP be if not for him? A good personal friend of mine has been trying to get himself elected for UKIP: 10 years and still not in!
And why? He tells me it may be because they are seen as a one-trick pony.
Who can say? :o)
7 ChrisR
Jun 11th, 2012 - 08:34 pm - Link - Report abuse 0You may well be right,
What we need is an alternative to labour and conservative,
And its either lib/dem, or ukip,
The way I see it, [and its simple]
Both parties, in opposition and in power, both promised,
1, euro referendum,
2, with drawls of the EHRI
3, control of immigration
4, and the return /rebuild of our forces,
,,,,,,,,,,,,,,,,,,,,,,,,,,,
Both parties have failed miserably, and sadly lib/dem, are anti, British , military,
Anti nuke,,, pro EU , pro EU and pro EU,
, so we are left with UKIP,
They need if poss., to push and fight all out, to prove to the public, that they are NOT a one click party,, if they fail to do this, then we are stuck with these idiots,
As I think we both agree,
It is better to have it , and not use it, rather than not have it, and badly need it,
And all the euro crap, yes it does effect us badly in the short term, but in the long term, we can only benefit, and grow again, being a maritime nation,
After all, if we help save this euro, and it became strong and powerful, how long before some bent politician , says, lets join,
Just my opinion.
.i dont particualy follow any partie, just who i think at the time is offering the best for the UK .
8 briton
Jun 12th, 2012 - 06:20 pm - Link - Report abuse 0I agree the present two + New Labour are just beyond the pale and you may be correct in what you say about UKIP.
But how the hell do you convince the 'masses' to vote for them?
That is the million dollar question,
Jun 12th, 2012 - 06:25 pm - Link - Report abuse 0Is it not.
We will just have to wait until 2015, unless Cameron falls sooner .
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