[deepinthewoods]

so what do you make of the new trillion euro bail out, nothing to do with intergalactic hitch hiking i may add.

[RUSTYME]

I think it is all bollox , and it will still all go tits up after they have screwed a few more trillion out of all of us . It is like them trying to stop a dam from leaking when it is made of chicken wire !
Sadly most will accept the shite ' they ' spew out , and continue to throw money at the black hole   .

[deepinthewoods]

i think its quite interesting to note that if you had bought shares in rbs recently, and sold them today youd have made a 10% profit, other banks were up as well, one (i dont remember which) 18%.. thats alot of money from nowhere, based on  political underwriting.
 it does add weight to the argument that market forces are running the world, rather than politics, and in our case our democracy.
 i dont abstain from voting, im personally of the 'youve got to be in it to win it' camp.
 

[ShaunP]

All this current situation does is stick another plaster over the mouldy leg that needs to be amputated!!! As someone has said on a BBC news website. The problem with Greece is you could wipe out ALL thier debt and in 5 years they would be back to square 1, In the Euro their economy does not work !

This has just kicked the can further down the road for now.

Until Goverments realise you cannot spend more than you raise in tax this soap opera continues. The Greek haircut of 50% does not include loans made in the current "bail out" or debt owed to the ECB. It removes around 28% of there debt not 50% as the headline figure. As always the elected manage to use bullshit and smoke to try to hid the truth behind anything they do!!!!

I am not religious, but Thank God we are not in the Euro and Thank God we are an Island next to Euro land and not firmly in it!!!

[deepinthewoods]

i dont think it makes much difference.
all our major trading partners are european, we contribute to the imf, our not being in the euro doesnt matter.

[ShaunP]

It still means we have a degree of control over our fiscal policies. I have always thought the Euro is a diaster waiting to happen. The $ worked in the US because it united for Independance. It does not have the differing history and culture that exists in Europe which mean getting agreement on anything is almost impossible.

We will be hurting as the Eurozone encomy fails but do we really think anyone in Germany is really prepared to throw there hard earned cash at the Greeks and the other failing economies for much longer.

We need to get our own house in order. If we have goods and services that Euroland still require they will trade with us.

[Rosemary]

I think it's a real shame the way it's turned out. The idea of having a common market that made trade easier was a good idea but it seems to have morphed into something else - the EU seems to have become an end rather than a means to an end. The corruption seems to be endless.

I can't see how you can have rules that suit 27 countries as difference from each other as, say, Greece and Denmark or Portugal and Romania.

It's like an out-of-control monster. I'd vote for out - I agree that is we have goods and services worth buying, they'll be bought.

[deepinthewoods]

the thing is, that we dont have anyhting to export, apart from financial services. hence our slavery to the banks.

[Rosemary]

We export lamb. There must be other stuff. There's loads of horses we could sell to the French.

[bazzais]

The only thing more disappointing than realising that most people dont vote -is coming to the conclusion that if they did, they would vote against you.

'globalisation' will never work, let the eu be an example.

- in the same sentence 'localisation' doesnt work either - whats the answer?

Baz

[deepinthewoods]

not borrowing money is the answer.
particularly not 1 trillion euros from china.

[robert waddell]

there you go china making euros now          it used to be plastic soldiers

[RUSTYME]

The localisation that i hear about is basically camerons cover version of the big society , which in reallity is just his way to get all the services that taxes pay for , done for nothing ,and then they put up taxes even more ! wtf ?
 The insane globalisation idea will never work as long as people exist !
Nor will the eu , no matter how much they lie to us .
  What comes when these insane ideas fail ?, perhaps we go back to normal ! , but what is that ?
 Or maybe the new world order takes control ? The one proported by the bildabergers (sp) . The evil group that intends to cut the world population by 80% ! The group that all the top mp's belong to . 
Whatever you think , the future is at best very bleak ! , at worst ?

[Plantoid]

Mandy, I absolutely agree. The system might not be perfect but people all over the world are prepared, still, to fight and die to achieve it, as our ancestors did.

I think in Australia you can be fined for not voting.

 According to several of my Ozzies pals  you're fined for not attending the voting place and getting your name ticked off if you have not got one of the allowed get off cards / reasons   .
.
 They say ......Only a moron would not then vote having been in the station but like most countries Oz has its shate of numpties just like UK.

In the booth you can pick your nose instead and shove a blank or messed up  sheet into the slot without any come back whatsoever.

[tizaala]

In the early sixties before Ireland joined the EU you could buy a  cottage with 5-6 acres of land for less than ten thousand £ , then they joined and everything went  mad, the same cottage would then cost you £500,000. Irish farmers were millionairs overnight with all the subsidies they were suddenly entitled to, the road system was all updated , they joined the euro snake financialy so the currency went up and down with inflation,  they thought europe was heaven. Now look at the mess they are in.
Now all the old Eastern block countries will be in the same boat, like kids in a sweet shop, I want- can I have- gimme..........
Again early sixties , Harrold Wilson had to devalue the pound because it got too strong , we were making stuff then that the world wanted but could not afford, We had factories and work. Then Ted Heath took us into Europe and the rot set in.
The only way forwards is to manufacture goods that the rest of the world wants and can afford.
We must also consider ourselves lucky that Africa has not joined..............yet.