Greece...

Froggitt

All these institutions/countries/people that want Germany to cancel a large swathe of Greek debt......let them take on the debt and then cancel it.

CLAPTON

Froggitt wrote: »

All these institutions/countries/people that want Germany to cancel a large swathe of Greek debt......let them take on the debt and then cancel it.

in a single country one bails out one's neighbours, but of course the EU isn't a single family and the sooner it breaks up the better for all concerned.

worldtraveller

Anyone that truly believes that not being part of the eurozone will preclude the UK from having to bail out another EU member in the eurozone in future, whatever Cameron says that he's negotiated, is deluded IMHO.

Generali

worldtraveller wrote: »

Anyone that truly believes that not being part of the eurozone will preclude the UK from having to bail out another EU member in the eurozone in future, whatever Cameron says that he's negotiated, is deluded IMHO.

What mechanism could be used to force the UK to pay? The EU could decide to go back on its agreement, the UK could tell the EU to go forth and multiply.

CLAPTON

Generali wrote: »

What mechanism could be used to force the UK to pay? The EU could decide to go back on its agreement, the UK could tell the EU to go forth and multiply.

It does seem that the UK contributes in various ways but I don't really understand the significance

maybe



https://www.theguardian.com/business/2015/jul/15/european-commission-proposes-using-uk-contributions-towards-greek-bailout


or

http://www.dailymail.co.uk/news/article-3161585/Europe-tells-Britain-pay-1bn-share-Greek-bailout-Osborne-strongly-opposes-plan-use-money-EU-members.html


and I believe we contribute to IMF funds

antrobus

CLAPTON wrote: »

It does seem that the UK contributes in various ways but I don't really understand the significance...

We've already covered that ground on this thread. The UK did not contribute to the last Greek bailout. And neither did Denmark.

CLAPTON wrote: »

....and I believe we contribute to IMF funds

Indeed we do. If an IMF member country requires support then it may well cost the UK something, as befits the world's 5th largest economy. But that would be the case irrespective of the existence or non-existence of the Euro.

CLAPTON

antrobus wrote: »

We've already covered that ground on this thread. The UK did not contribute to the last Greek bailout. And neither did Denmark.



Indeed we do. If an IMF member country requires support then it may well cost the UK something, as befits the world's 5th largest economy. But that would be the case irrespective of the existence or non-existence of the Euro.

good we both agree that the UK could bail out Greece.

antrobus

CLAPTON wrote: »

good we both agree that the UK could bail out Greece.

In the same way as we could bail out any one of the other 188 countries that are IMF members.

https://www.imf.org/external/np/sec/memdir/memdate.htm

CLAPTON

antrobus wrote: »

In the same way as we could bail out any one of the other 188 countries that are IMF members.

https://www.imf.org/external/np/sec/memdir/memdate.htm

so directly due the the failure of the euro zone to resolve the problems of greece, we could contribute to the greece bailout

this could also happened if we brexited but it's no less a failure of the EU economic management.

mayonnaise

I want a referendum on our membership of the IMF.