Is Greece about to default on its Euro110 billion bailout?

[ukdobby]

Just what guarantees are there that OUR money is safe, and will we ever see one penny of it again?

 

We need our money to send to the romanian gypsies who are fleecing our system.

[upinwath]

We need our money to send to the romanian gypsies who are fleecing our system.

 

Yep and to keep all the BNP members who've been convicted of terrorist and sex crimes behind bars where they belong.

[Grandad.Malky]

Can somebody explain to me who these countries actually owe all this money to?

 

Well the Euro fiasco is costing us about 15 billion pounds or about £600 per household, not bad to say we as a nation are supposed to be already up to the neck in debt.

 

That brings the UK's potential liabilities to an eye-watering £15.1billion - or £600 for each family.

 

Read more: http://www.thesun.co.uk/sol/homepage/news/3584302/UK-gives-43bn-to-bail-out-Portugal.html#ixzz1Mgy22LCH

[Rand Hobart]

It's very easy to loose a sense of proportion with all these millions and billions.

Without doing the calculations, guess how long a million seconds is. Now try to do the same for a billion seconds.

Ready? A million seconds is less than twelve days, a billion is almost thirty-two years. It's always worth remembering these numbers when you hear how much in debt the banks have left us.

[Anna Glypta]

I found this report this morning which gives an indication of the mess these countries are in.

 

quote.

 

Yields on Portuguese bonds PT2YT=TWEB were slightly higher at 11.18 percent after falling in the previous session on the back of the approved bailout. Two-year Irish bonds IE2YT=RR rose 2.8 basis points to 12.46 percent and two-year Greek bond yields were 4.2 basis points higher at 25.71 percent.

 

Or in laymans terms. To borrow money Ireland is having to pay 12.46% interest, Portugal 11.18% and Greece 25.71%!!!!!!!!!