We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Europe in €2 trillion rescue bid
Comments
-
Interesting times ahead, but we should do... I have no clue.Have my first business premises (+4th business) 01/11/2017
Quit day job to run 3 businesses 08/02/2017
Started third business 25/06/2016
Son born 13/09/2015
Started a second business 03/08/2013
Officially the owner of my own business since 13/01/20120 -
An interesting report from Stephanie Flanders today, which ends:
But let's not forget that two crucial taboos have been broken in the past few days.
European leaders have publicly contemplated the possibility that a country might leave the euro. And they have included in the same sentence the words "IMF" and "Italy".
Taboos get created out of a natural human superstition: that bad things become more likely once you utter them out loud. The Europeans have to hope the financial markets aren't superstitious.
BBC News
I guess only time will tell.........My view? Probably pretty much a done deal on both counts, but the former should have happened a long time ago anyway!There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0 -
We wont have to pay a penny to the IMF, all that we do is underwrite that amount, which means we have to pay if we are called on to do so. But the mere commitment has always been enough to reassure markets and render an IMF bailout on that scale unnecessary.Faith, hope, charity, these three; but the greatest of these is charity.0
-
We wont have to pay a penny to the IMF, all that we do is underwrite that amount, which means we have to pay if we are called on to do so. But the mere commitment has always been enough to reassure markets and render an IMF bailout on that scale unnecessary.
Are you really saying that we won't be paying a penny more into the IMF to bail out the likes of Italy, at the very least? IMHO I think you are wrong on that and I expect that the doubling of the available IMF funds will not even be enough.There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0 -
No I don't think the IMF will have to bailout Italy, but if the option is there it will be better for Italy as their interest rates wont spiral out of control. Italy are in a much stronger position than Greece, and Im sure the combined pressure of all the worlds leaders can kick their a$$ into tackling their deficit.Faith, hope, charity, these three; but the greatest of these is charity.0
-
This time could really be the exception that breaks the rule though.We wont have to pay a penny to the IMF, all that we do is underwrite that amount, which means we have to pay if we are called on to do so. But the mere commitment has always been enough to reassure markets and render an IMF bailout on that scale unnecessary.0 -
We have already quietly slipped the IMF 9 Billion this year, if they come asking we pay up.[FONT="]“I've learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel.” ~ Maya Angelou[/FONT][FONT="][/FONT]0
-
Chinese financial system at risk, warns IMF
China's financial system is at risk from bad loans, booming private lending and sharp falls in property prices, the International Monetary Fund (IMF) has warned, as it called for sweeping reforms.
Telegraph
The "lender of last resort" is maybe not quite the honey pot now that it has been recently.There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0 -
-
Things are looking worse & worse (no surprise there!) and the hole is getting bigger & bigger!
- Investors are giving the euro zone bond market a wide berth.
- European banks are getting shot of government debt.
- Deposits in southern European banks are being drained out.
- Recession talk (justified) is making what looks like a crisis now, morph into something much worse.
- Italy had to offer around 8% today for 3 year bonds.
- Talk of S&P lowering outlook on French AAA rating next week.
IMF? :think: ECB? :think: IMF? :think: ECB? :think: :idea: IMF & ECB! :grouphug:
SourceThere is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.5K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.4K Work, Benefits & Business
- 604.2K Mortgages, Homes & Bills
- 178.5K Life & Family
- 261.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards