hard2miss Posted November 22, 2010 Share Posted November 22, 2010 I think the UKIP bloke has a point, how can we lend when we are borrowing ourselves ? Link to comment Share on other sites More sharing options...
I1L2T3 Posted November 22, 2010 Share Posted November 22, 2010 We have to help Ireland. No choice because of EU treaties. Link to comment Share on other sites More sharing options...
harvey19 Posted November 22, 2010 Share Posted November 22, 2010 Maybe now is the time to have a referendum to see if the Northern Ireland population wish to unite the country in line with Sinn Feins ideals ? Link to comment Share on other sites More sharing options...
foxy lady Posted November 22, 2010 Share Posted November 22, 2010 The claim of being skint was only a ruse the condems used to allow them to screw the poor Well as we are borroing money ourselves at an average interest rate of around 3.5%, it isn't bad business at all if you can lend it to someone else at the rate of 5%. Link to comment Share on other sites More sharing options...
dell12 Posted November 22, 2010 Share Posted November 22, 2010 Well as we are borroing money ourselves at an average interest rate of around 3.5%, it isn't bad business at all if you can lend it to someone else at the rate of 5%. It would be fine if we weren't financially screwed ourselves. In fact we could make everyone in the public sector redundant and lend the Irish£300bn. I'm sure we'd make a return. Link to comment Share on other sites More sharing options...
andygardener Posted November 22, 2010 Share Posted November 22, 2010 Well as we are borroing money ourselves at an average interest rate of around 3.5%, it isn't bad business at all if you can lend it to someone else at the rate of 5%. But the reason for the disparity in the rates is creditworthyness. Surely if we carry on borrowing to lend (now ireland but maybe portugal and spain next) to uncreditworthy nations that's going to affect our own credti rating. Irelands market borrowing rate (which reflects it's actual credit unworthiness) is actually more like 8% so unless we have a completely binding agreement that we get paid before everyone else we're lending money at below market rates to a country which may not pay us back. Link to comment Share on other sites More sharing options...
atticus Posted November 22, 2010 Share Posted November 22, 2010 The coalition hasn't tired of telling us that the country is broke and public spending needs to be slashed to balance the books.Yet the overseas aid spending is increasing by 38% and now we are loaning Ireland £7bn with no guarantee when/if we'll get the money back.The coalition cann't have it both ways,are we skint or not? Link to comment Share on other sites More sharing options...
melthebell Posted November 22, 2010 Share Posted November 22, 2010 so behind which settee has £7bn been found to help out the republic of ireland? my settee? Link to comment Share on other sites More sharing options...
truman Posted November 23, 2010 Share Posted November 23, 2010 The coalition hasn't tired of telling us that the country is broke and public spending needs to be slashed to balance the books.Yet the overseas aid spending is increasing by 38% and now we are loaning Ireland £7bn with no guarantee when/if we'll get the money back.The coalition cann't have it both ways,are we skint or not? Didn't Alistair Darling put us in this situation just a couple of days before the election? report Link to comment Share on other sites More sharing options...
Treatment Posted November 23, 2010 Share Posted November 23, 2010 They will be able to buy a lot of Semtex and Armalites with that kind of brass. Link to comment Share on other sites More sharing options...
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