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German minister wants us to put into the "clean up fund"

Graham_Devon
Graham_Devon Posts: 58,560 Forumite
Part of the Furniture 10,000 Posts Combo Breaker
in Debate House Prices & the Economy
Cameron says no.
The government has played down claims Britain may have to contribute to a fund to help Greece if it falls out of the euro.

German media say the country's finance minister wants the coalition to be part of a "clean-up fund".

But the prime minister's spokesman said it was up to "eurozone countries to support the eurozone".
And too right we should say no too. How many times do people have to keep telling these people throwing debt at a debt problem won't work. Now they are discussing the clean up fund and want us to cough up.

However, you can bet your bottom dollar we WILL cough up, somehow, if not directly.

Quite infuriating really.

http://www.bbc.co.uk/news/uk-politics-18059355

Comments

  • The_J
    The_J Posts: 1,250 Forumite
    This is just the start.

    Next there will be a European Peacemaking Force sent to Greece to 'pacify' them and bring 'stability'. They will wear white uniforms and be called... I don't know... let's say Stormtroopers.

    Then a hero will rise, he will be called Darth Blair and he will seek to unite all Europe in a yummy multicultural mess. The people will resist, notable resistees will include Mace Farage, Master Duncan Smith, Norman Tebbitwalker but the Stormtroopers will put these terrorists in their place and a new building of magnificence will be built in Brussels and it will be called the Death Star.

    Grab the popcorn, it's going to be a cracker.
    The J is a Financial Advisor-This site doesn't check anyone's status and as such any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Always seek professional advice.
  • MacMickster
    MacMickster Posts: 3,647 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    We need to avoid this idea like the plague, as when Greece goes we are likely to see a contagion infecting the rest of the PIIGS over the next few years.

    The cost of treating/cleaning up the Euro infection will rapidly escalate, so must be left to the other Eurozone countries who have profited from Euro membership.

    We will still be severely effected by the economic situation in Europe, so must concentrate on establishing trading links with the developing economies, who will be wary of trading with and investing in our Eurozone neighbours.
    "When the people fear the government there is tyranny, when the government fears the people there is liberty." - Thomas Jefferson
  • ChiefGrasscutter
    ChiefGrasscutter Posts: 2,112 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    MacMickster wrote: »
    The cost of treating/cleaning up the Euro infection will rapidly escalate, so must be left to the other Eurozone countries who have profited from Euro membership.

    Which is mostly Germany.
    The effect of being in the Euro kept the German exchange rate lower than it would have been had they still been on the DMark. German exports and its manufacturing gained considerably.
    So Germany could loan out money to Greece (and the rest) to enable them to buy German cars on the money they loaned them.........

    The best solution is not that Greece et al leaves the euro - but Germany does.
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    Graham_Devon wrote: »
    Cameron says no.




    Which means YES, in the same way he "supported" Fox and "supports" Hunt, at the moment.

    Can't see how we aren't going to get hit .

    Interesting that we have had recurrent "uncertainty" for the last 12 months when it was clear at the outset some form of full default or removal from the Euro was the only way out. Why have they (Germany?) kept kicking it down the road, they have done themselves no favours.
    "If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....

    "big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    grizzly1911 wrote: »
    Which means YES, in the same way he "supported" Fox and "supports" Hunt, at the moment.

    Can't see how we aren't going to get hit .

    .

    Interesting, I hadn't put those two together before :)
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • pqrdef
    pqrdef Posts: 4,552 Forumite
    grizzly1911 wrote: »
    Interesting that we have had recurrent "uncertainty" for the last 12 months when it was clear at the outset some form of full default or removal from the Euro was the only way out. Why have they (Germany?) kept kicking it down the road, they have done themselves no favours.
    Because the Germans can't bring themselves to accept what they're doing. They don't want to break up Europe, especially not if they get the blame. And if they do, how will they achieve European domination?
    "It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis
  • thor
    thor Posts: 5,513 Forumite
    Part of the Furniture 1,000 Posts
    grizzly1911 wrote: »
    Why have they (Germany?) kept kicking it down the road, they have done themselves no favours.
    Well it is their money so they can waste it whatever way they want.
  • A._Badger
    A._Badger Posts: 5,881 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    pqrdef wrote: »
    Because the Germans can't bring themselves to accept what they're doing. They don't want to break up Europe, especially not if they get the blame. And if they do, how will they achieve European domination?

    I dunno... give it 50 years then revert to Plan A, perhaps?
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