E-clips Posted June 20, 2011 Author Share Posted June 20, 2011 No one is giving Greece any money, it's all loans. In the same way that the taxpayers in England loaned money to our banks you mean? Banks are now back in profit, so why are we in debt? Link to comment Share on other sites More sharing options...
JFKvsNixon Posted June 20, 2011 Share Posted June 20, 2011 Why would the economy collapse? We are already borrowing well over a hundred billion pounds each year just to break even, where would we get this money from? Link to comment Share on other sites More sharing options...
joiner andy Posted June 20, 2011 Share Posted June 20, 2011 at last a decent thread to read:) Link to comment Share on other sites More sharing options...
Mecky Posted June 20, 2011 Share Posted June 20, 2011 We are already borrowing well over a hundred billion pounds each year just to break even, where would we get this money from? We'd borrow from someone else and what would happen if we didn't borrow money anyway, which the current government want us to do, despite the fact that borrowing in up this year and so is foreign aid? Link to comment Share on other sites More sharing options...
E-clips Posted June 20, 2011 Author Share Posted June 20, 2011 We are already borrowing well over a hundred billion pounds each year just to break even, where would we get this money from? The banks perhaps? Our money back? Link to comment Share on other sites More sharing options...
shortcrust Posted June 20, 2011 Share Posted June 20, 2011 We'd borrow from someone else and what would happen if we didn't borrow money anyway, which the current government want us to do, despite the fact that borrowing in up this year and so is foreign aid? I'm sure they'd be queuing up to lend to us!! Link to comment Share on other sites More sharing options...
JFKvsNixon Posted June 20, 2011 Share Posted June 20, 2011 We'd borrow from someone else and what would happen if we didn't borrow money anyway, which the current government want us to do, despite the fact that borrowing in up this year and so is foreign aid? If we defaulted nobody would lend us a penny, so that's just wishful thinking I'm afraid. Link to comment Share on other sites More sharing options...
E-clips Posted June 20, 2011 Author Share Posted June 20, 2011 We do not need to borrow. Let the economy collapse, we shall be fine! We need a new beginning with different ideals. Link to comment Share on other sites More sharing options...
E-clips Posted June 20, 2011 Author Share Posted June 20, 2011 Man invented money, we do not need it to live. It is false! Link to comment Share on other sites More sharing options...
JFKvsNixon Posted June 20, 2011 Share Posted June 20, 2011 The banks perhaps? Our money back? We could sell our shares in the banks anytime we wanted, but it makes sense to sell them when the financial markets are more buoyant so we'll make a decent profit. This will not chance the fact that the country is still running at a deficit though. Link to comment Share on other sites More sharing options...
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