Well said Nigel Farage

Like him or not, he's got the guts to speak out
 
His views certainly don't represent mine. So it's all a load of hot air as far as I'm concerned.
 
I don't see how that is helping anyone.
But Nigel would want everyone to leave if he could have his way.
 
Terrywoodenpic said:
I don't see how that is helping anyone.
But Nigel would want everyone to leave if he could have his way.
Click to expand...

Where do you get that from.. he has consistantly said he wants the spongers to leave only...

I like a lot of what he says.. but i wouldn't want him leading the country... looney that he is :)
 
KIPAX said:
Where do you get that from.. he has consistantly said he wants the spongers to leave only...
Click to expand...

i think he meant leave the eu, not leave britain
 
also Tsipras's problem isnt that he isnt in control of his country - its that hes got no money , he could do with leaving the euro so that he can prop up his shaky economy by devaluing the drachma , but leaving the EU would be fundamentally stupid as it would mean no more access to bail out funding and EU money in general - especially as greece are a net recipient , rather than a net contributor (like what we are)
 
I don't want them to leave as it will cause carnage but there debts are huge and can never be paid back he is just going to ask for a massive write off and I don't think the EU can allow it....hummmmm
 
Can't believe I'm going to say this :eek:, but he talked a lot of sense there :clap:
 
to be honest germany might as well write it off as they are never going to see their money anyway - but the key lesson is not to then lend them a load more.

Perhaps America would like to buy Cyprus - in order to secure the future of military bases in the Med :lol:
 
Tsipras looks as though he is thinking "with a friend like this I don't need no enemies".
 
Naive question, what would happen if every country had its debt cancelled, what would change ?
 
Mikechappers said:
Naive question, what would happen if every country had its debt cancelled, what would change ?
Click to expand...

the countries that lend it would be a lot worse off , and the countries that need to borrow because they are spending more than they make would be f***ed (as presumably once debt is cancelled the lender will not then lend a load more )
 
big soft moose said:
the countries that lend it would be a lot worse off , and the countries that need to borrow because they are spending more than they make would be f***ed (as presumably once debt is cancelled the lender will not then lend a load more )
Click to expand...


See now that is what I do not get, its not as if it exists anyway, it only exists on some computer somewhere, its just digits, farmers would still produce food, factories would still manufacture.
 
Last edited:
mark richards said:
well said!!! :clap::clap: the only person who doesn't walk around, with his head up his arse..
Click to expand...
Ohh his head is a long long way up his arse so far up its come back out of his neck but you can tell by the sh!t he spouts
 
Last edited:
Cobra said:
Just call it compensation for all the s*** they went through in the war ;)
Click to expand...

I think the greeks have already tried that line of reasoning, but germany pretty much told them to do one (probably worried about precedent)
 
Mikechappers said:
See now that is what I do not get, its not as if it exists anyway, it only exists on some computer somewhere, its just digits, farmers would still produce food, factories would still manufacture.
Click to expand...

yeah but the average government (and the UK is no exception) is spending far more than they get in taxation - if you took both debt and the ability to borrow off the table these governments would have to live within their means and that would mean either vastly reduced government spending (which would make the current austerity measures look like nothing) , or vastly increased taxation ... either way the average bloke in the street would be much worse off.

to take a simple parallel suppose you earn £20k (net) but have yearly outgoings of £30k - but thats okay because your bank has kindly agreed to a 10k overdraft and to increase it by 10k a year every year... after 10 years you now owe them £100k and can no longer afford the interest, so you go bankrupt and they write off the debt

now you don't have the debt anymore so you don't have to find money to pay the interest and are 'better off' than you were in year 10 , but you are still in the same boat you were in in year 1 with 20k income to cover 30k of expenditure - but now due to your bankrupt status no one is willing to lend you 10k a year... so basically you either have to vastly reduce your living standards, or find another source of income
 
big soft moose said:
I think the greeks have already tried that line of reasoning, but germany pretty much told them to do one (probably worried about precedent)
Click to expand...
Well it seems they may have "cracked it" this time :D
 
Keith W said:
What we currently have I fear
Click to expand...
Well we are (well ) out of the Euro, and that a USEu would be a total nightmare that's for sure.
I just hope the government of the day has the balls to stay well away, should that ever become a reality.
Just like they did with the Euro fiasco!
 
big soft moose said:
yeah but the average government (and the UK is no exception) is spending far more than they get in taxation - if you took both debt and the ability to borrow off the table these governments would have to live within their means and that would mean either vastly reduced government spending (which would make the current austerity measures look like nothing) , or vastly increased taxation ... either way the average bloke in the street would be much worse off.

to take a simple parallel suppose you earn £20k (net) but have yearly outgoings of £30k - but thats okay because your bank has kindly agreed to a 10k overdraft and to increase it by 10k a year every year... after 10 years you now owe them £100k and can no longer afford the interest, so you go bankrupt and they write off the debt

now you don't have the debt anymore so you don't have to find money to pay the interest and are 'better off' than you were in year 10 , but you are still in the same boat you were in in year 1 with 20k income to cover 30k of expenditure - but now due to your bankrupt status no one is willing to lend you 10k a year... so basically you either have to vastly reduce your living standards, or find another source of income
Click to expand...


So basically no matter what we do we are up s--t creek without a paddle unless we screw more money from less well off countries
to keep us in the style to which we have become accustomed.
 
Finally got a chance to watch it. A spirited performance, and he managed to get through it without passing water in the great hall, or passing out in the speaker's chair. Bravo.

A bit (*) hypocritical of him to decry other MEPs slagging each other off, when it's usually the only thing he bothers turning up to do. UKIP even had tea towels for sale, printed with his most vitriolic and unpleasant rant. But apparently it's 'disgusting' when others do it.


(*) By 'a bit', I mean 'hugely'.
 
Terrywoodenpic said:
And Turkey has half of it anyway.
Click to expand...

pah I'm sure the americans can take them (just convince congress that because they are muslims they must be terrorists) and then nuke Ankara - simples
 
Mikechappers said:
So basically no matter what we do we are up s--t creek without a paddle unless we screw more money from less well off countries
to keep us in the style to which we have become accustomed.
Click to expand...

this is true - except you've misunderstood our place in the metaphor, we are the relatively well off business man who still needs to borrow to live, not the banker - greece by comparrison are the ill dressed chav who owes money to a payday lender and has no idea how to pay the interest let alone the capital

Our govts austerity policy essentially says that first we cut the deficit so we are living within our means (e.g only spending 20k if you earn 20k) so that the debt doesnt keep getting bigger - then we can worry about trying to pay off some of the capital - I agree with the principal,just not how they've gone about it
 
I hope Greece leave the EU, bin the Euro and reintroduce the drachma. I'm looking forward to cheaper holidays again ! It's the best thing they can do. This is just the start I can see other country's following suit. Gordon Brown predicted this happening and this is why we retained our sovereign currency ! - thank goodness we did. It was about the only thing he got right though.
 
Mikechappers said:
So basically no matter what we do we are up s--t creek without a paddle unless we screw more money from less well off countries
to keep us in the style to which we have become accustomed.
Click to expand...
And I have a feeling that other EU countries refer to us as that too ;)
 
I love the idea of them sticking two finger up, printing a s*** load of Drachma and getting on with life :lol:
 
viv1969 said:
I love the idea of them sticking two finger up, printing a s*** load of Drachma and getting on with life :LOL:
Click to expand...

And that is what I was trying to ask, what would happen if all the countries deep in debt said bo---cks we are not paying it, obviously they would not get any more loans, but would they need one if there was not a huge amount of interest to pay each month, would other countries refuse to buy or sell to whoever, I seriously doubt it, lets suppose its treated as a one of, every country goes back to being debt free, who would be the losers, the richest countries who could probably afford to lose it I assume, of course I have no idea really, but it makes me wonder.
 
Last edited:
You must log in or register to reply here.
Back
Top