So, what about Italy? Where is the money coming from?

grizzly1911

Apparently E500bn has been used bailing countries/banks out thus far.

Cyprus think the need E24bn.

Italy has debts of E2trn so perhaps we should start a book on what they will end up needing.:eek:

worldtraveller

grizzly1911 wrote: »

Italy has debts of E2trn so perhaps we should start a book on what they will end up needing.:eek:

Probably a lot more than it did on Friday! With its cross-guarantee liability for the bailout for Spain it's likely to be borrowing at 5% to lend to Spain at 3%! :rotfl:

tomterm8

oldvicar wrote: »

Sometimes my prescience astounds me. See today's Telegraph

I said I thought cyprus would need a bailout in April. https://forums.moneysavingexpert.com/discussion/3932321

To be honest, though, Cyprus is the least of our problems. The Italian bond markets are going through the roof today. And if Italy falls, the united kingdom's banks will probably be rupt.

Again.

vax2002

Think of a glass of half full beer.
The beer at the bottom is Gold stocks, that has always been there, from this beer they make froth trade froth and lose froth, but they still always have the beer at the bottom.
So dont worry, they will replace the froth lost with the froth .

3cardMonty

Graham_Devon wrote: »

Irish Bailouts.

Greek Bailouts.

Spanish Bailouts.

Next will be Italy. The writing is firmly on the wall. You'll know when the bailout is about to happen as the eurocrats will be denying it will happen at every opportunity.

I've been trying to take in as much as possible, but unfortunately, I'm left a little baffled.

Where is the money actually coming from? How does it get paid back (if it does?).

If all this money is sloshing around, would it not be easier to write off debts and start again instead of all the suffering and misery of the people who inhabit the countries?

How will Italy be bailed out and where will the money come from for that? There wasn't enough money for Greece not long back, but suddenly a new fund with half a trillion squids in it is simply invented.

Guess I'm just trying to get a sense of where we are going from here. We've got the Greek issue coming up within a couple of weeks again. The results of the election won't be the "right" results, therefore I assume we'll throw some money at it and send them to vote again?

Where is the money coming from same place as usual thin air.

ess0two

Graham_Devon wrote: »

Irish Bailouts.

Greek Bailouts.

Spanish Bailouts.

Next will be Italy. The writing is firmly on the wall. You'll know when the bailout is about to happen as the eurocrats will be denying it will happen at every opportunity.

I've been trying to take in as much as possible, but unfortunately, I'm left a little baffled.

Where is the money actually coming from? How does it get paid back (if it does?).

If all this money is sloshing around, would it not be easier to write off debts and start again instead of all the suffering and misery of the people who inhabit the countries?

How will Italy be bailed out and where will the money come from for that? There wasn't enough money for Greece not long back, but suddenly a new fund with half a trillion squids in it is simply invented.

Guess I'm just trying to get a sense of where we are going from here. We've got the Greek issue coming up within a couple of weeks again. The results of the election won't be the "right" results, therefore I assume we'll throw some money at it and send them to vote again?

Either way it does'nt matter.

oldvicar

Well Cyprus has happened now as I predicted.

Maybe it will be Italy next as suggested by Graham.

I predict that if Italy has to be rescued, plucky little Malta will soon follow.

homelessskilledworker

Graham_Devon wrote: »

Explain it to me then.

I am starting to wonder myself!!

It would not surprise me at if in the next couple of weeks 100 Billion Euros is handed over to another country without hardly a mention in the news.
You just imagine a Dad like figure somewhere reaching into his pocket and handing over a huge wod saying "I want this back in the next few weeks son, and you need to get a grip"

I hope everyone is watching this, because they are watching the Euro unravel and history being made as we speak

System

China will be bailing out plucky little Germany soon.