Thankyou David Cameron

[Sergei Gotsmanov]

Our economy is roughly twice the size of Spain's. We are nowhere near needing an international bail out like the 'pigs'(Portugal Ireland Greece Spain).

 

And when we do, who exactly is that will be able to afford to bail us out?

 

Interested to know when you feel we should start to address our spiralling debt.

 

Whatever your politics, a better society starts from a sound economic footing.

[View From The Top]

And when we do, who exactly is that will be able to afford to bail us out?

 

Interested to know when you feel we should start to address our spiralling debt.

 

Whatever your politics, a better society starts from a sound economic footing.

 

Bloody hell, do you have any idea of how international finance works and how far, far, far, far, far, far, far, far away the very idea is?

 

Yes our deficit needs to be dealt with, everyone accepts that, but to compare us to the PIGS suggests you haven't got a clue.

[Sergei Gotsmanov]

Bloody hell, do you have any idea of how international finance works and how far, far, far, far, far, far, far, far away the very idea is?

 

Yes our deficit needs to be dealt with, everyone accepts that, but to compare us to the PIGS suggests you haven't got a clue.

 

You seem to have developed a stutter as well as an indepth understanding of the International finance.

 

I am not comparing us to the 'PIGS' but god do you know how bad it is in Ireland? (I have no experience of the others).

 

What are your thoughts on the cost of our borrowing when the world markets have a reduced belief that we will pay it back sooner rather than later. Anybody sensible should know that if we put our house in order then we can go forward again. You also do not have to win fifteen to one to understand that to have an affluent society for all you have to create wealth through your dealins with the rest of the world.

[View From The Top]

You seem to have developed a stutter as well as an indepth understanding of the International finance.

 

I am not comparing us to the 'PIGS' but god do you know how bad it is in Ireland? (I have no experience of the others).

 

What are your thoughts on the cost of our borrowing when the world markets have a reduced belief that we will pay it back sooner rather than later. Anybody sensible should know that if we put our house in order then we can go forward again. You also do not have to win fifteen to one to understand that to have an affluent society for all you have to create wealth through your dealins with the rest of the world.

 

We have no short term loans as do Greece & Ireland so it isn't an issue. Our debt is in the form of bonds and gilts.

 

Drop Corky Morris a line, he's in that sector and can explain it in laymans terms much better than I but you are worrying about nowt regarding HMG debt.

 

If Greece fails, and it leads to Ireland defaulting our banks, not the government, are seriously exposed!

 

France is fooooked if Greece defaults.

[Saintandy666]

And when we do, who exactly is that will be able to afford to bail us out?

 

Interested to know when you feel we should start to address our spiralling debt.

 

Whatever your politics, a better society starts from a sound economic footing.

 

Oh I think there does need to be cuts. But I think our economy is strong enough to do it a bit slower. Look at the US where they are operating 1 year behind us and in the US they have regained all their lost GDP. I also think a lot of our debt is perhaps not as serious as first thought. We have billions upon billions in these bank shares and when we sell them we'll be able to pay off a huge chunk of debt thus reducing interest payments and debt.

 

The deficit only really came about since the economic crisis. It was largely a product of an ideological decision to spend during the recession. I think Gordon Brown was right in what he did, if the banks had not been privatised and the country not bailed out then we would have been ****ed. And I think there is the difference between us and the PIGS, we can afford to bail ourselves out, their economies are not large enough to do so.

 

But obviously, now the recession is over we need to look at curtailing spending to a degree. But it needs to be done sensibly, what we don't want to happen is to is break it when it is in the midst of a fragile economy because then tax receipts will collapse and then we really will be ****ed.

[badgerx16]

The 'PIGS' are shafted as they have no direct control over their currencies, being in the Euro, and hence key weapons in the fiscal arsenal are denied them. In additon, the Greek population seem to see it as their personal duty to evade taxation, which means using tax increases to assist Government finances is a non-starter. Trying to claim that the UK is at risk of 'doing a Greece' is plain and simple lying.

[LGTL]

It makes fantastic Tory propaganda though.

Edited 24 June, 2011 by LGTL

[Jonnyboy]

On the plus side, when Greece ditches the Euro, takes on the Drachma and devalues, there will be some mighty cheap holidays going,

[dune]

The 'PIGS' are shafted as they have no direct control over their currencies, being in the Euro, and hence key weapons in the fiscal arsenal are denied them. In additon, the Greek population seem to see it as their personal duty to evade taxation, which means using tax increases to assist Government finances is a non-starter. Trying to claim that the UK is at risk of 'doing a Greece' is plain and simple lying.

 

And you have George Osborne to thank for that for "taking us out of the danger zone".

[St Jim]

Bloody hell, do you have any idea of how international finance works and how far, far, far, far, far, far, far, far away the very idea is?

 

Yes our deficit needs to be dealt with, everyone accepts that, but to compare us to the PIGS suggests you haven't got a clue.

 

with the main difference that the majority of the British working public actually pays the required tax.....

[badgerx16]

And you have George Osborne to thank for that for "taking us out of the danger zone".

No we don't, it's the previous Ministers who refused to join the Euro - Georgie Porgie had nothing to do with. Why don't you for once stop brown nosing the fat arses of the Bullingdon club and take a look at reality ?

Edited 24 June, 2011 by badgerx16

[Saintandy666]

It was Gordon Brown who stopped us joining the Euro. Tony Blair was right up for it. Just saying.

[Thedelldays]

also, thank you dave for keeping us out of the the new bail-out for greece...top work

[View From The Top]

also, thank you dave for keeping us out of the the new bail-out for greece...top work

 

Apart from the IMF payment or doesn't that count?

 

We were never going to, correctly, join a eurozone bailout.

 

Ireland is another matter as if they default we are f**ked.

[Thedelldays]

Apart from the IMF payment or doesn't that count?

 

We were never going to, correctly, join a eurozone bailout.

 

Ireland is another matter as if they default we are f**ked.

fair enough..I guess someone else could have helped a fellow european bother in a time on crisis and all that

[Lord Duckhunter]

It was Gordon Brown who stopped us joining the Euro. Tony Blair was right up for it. Just saying.

 

Gordon Brown was in favour of joining the Euro in prinicple, but that the economic conditions had to be right at the time. He set 5 Ecomonic tests that were so wooly, that they were basically "political tests", it meant that Labour could take the sting out of the political debate. Rest assured, if there was any chance of winning a Euro referendum, the "Ecomonic tests" would suddenly have been passed.

 

Brown and Blair and most of New Labour were in principle in favour of joining the Euro. Most Tories are against the whole principle of joining even if the ecomonic condiditions were favourable to join. They are 2 seperate positions..

 

 

 

 

http://news.bbc.co.uk/1/hi/programmes/world_at_one/programme_highlights/1081948.stm

Edited 24 June, 2011 by Lord Duckhunter

[View From The Top]

Gordon Brown was in favour of joining the Euro in prinicple, but that the economic conditions had to be right at the time. He set 5 Ecomonic tests that were so wooly, that they were basically "political tests", it meant that Labour could take the sting out of the political debate. Rest assured, if there was any chance of winning a Euro referendum, the "Ecomonic tests" would suddenly have been passed.

 

Brown and Blair and most of New Labour were in principle in favour of joining the Euro. Most Tories are against the whole principle of joining even if the ecomonic condiditions were favourable to join. They are 2 seperate positions..

 

The key point that there were/are, on both sides vehement pro and antis.

 

Corky and I are both lefties, with me being left of his more centre based position, and we used to argue from B'ham to Newbury about joining the euro with me being totally anti and him being in favour and both looking at things from different perspectives.

 

Now the argument is dead in the water and I can envisge a time when the euro is made up only of the northern, non PIG countries.

[Lord Duckhunter]

I was replying to the view that Brown saved us from the Euro, he didn't, the British people did. I was impressed with redwood on QT last night, he said that his opinion was single country/single currency. That was not Brown's view, he was for it in prinicple.

[Saintandy666]

Gordon Brown was in favour of joining the Euro in prinicple, but that the economic conditions had to be right at the time. He set 5 Ecomonic tests that were so wooly, that they were basically "political tests", it meant that Labour could take the sting out of the political debate. Rest assured, if there was any chance of winning a Euro referendum, the "Ecomonic tests" would suddenly have been passed.

 

Brown and Blair and most of New Labour were in principle in favour of joining the Euro. Most Tories are against the whole principle of joining even if the ecomonic condiditions were favourable to join. They are 2 seperate positions..

 

 

 

 

http://news.bbc.co.uk/1/hi/programmes/world_at_one/programme_highlights/1081948.stm

 

I'm aware of this.

 

So who stopped us joining the euro? Gordon Brown.

 

Personally, I believe one day we will join the euro.

[dune]

I'm aware of this.

 

So who stopped us joining the euro? Gordon Brown.

 

Personally, I believe one day we will join the euro.

 

Not in our lifetimes we won't.

 

British people do not consider themselves European in the sense that those on the continent do. A referendum would deliver a unanimous NO.

[Saintandy666]

Not in our lifetimes we won't.

 

British people do not consider themselves European in the sense that those on the continent do. A referendum would deliver a unanimous NO.

 

We'll see. Events will take their course. I may be wrong.

[Sergei Gotsmanov]

I'm aware of this.

 

So who stopped us joining the euro? Gordon Brown.

 

Personally, I believe one day we will join the euro.

 

Personally I believe that the Euro will not exist in anything like the same format as it does currently.

[View From The Top]

Personally I believe that the Euro will not exist in anything like the same format as it does currently.

 

It won't and can't IMHO. It will become a nothern European currency.

 

Perhaps, in the future, if that does happen, then it may be worth joining.

 

Very long time off though.

[Lord Duckhunter]

I'm aware of this.

 

So who stopped us joining the euro? Gordon Brown.

 

Personally, I believe one day we will join the euro.

 

Public opinion stopped us joining, not Brown.

 

We will never join the Euro, it's a dead issue. The issue now is our continued membership of the EU, my belief is a "perfect storm" is brewing, and that there is more chance of us leaving the EU, than joining the Euro.

 

There are more people who want to leave the whole corrupt thing, than want to become part of the Euro............

[dune]

We'll see. Events will take their course. I may be wrong.

 

I'm a member of UKIP because of my beliefs about the EU/the EURO, and what Nigel Farage has been saying for years is now coming to fruition. A one size fits all single currency could never work. The whole EU project is now under threat because in countries like germany the people are now questioning the merits of it because what their politicians have told them is turning out to be rubbish.

[View From The Top]

Public opinion stopped us joining, not Brown.

 

We will never join the Euro, it's a dead issue. The issue now is our continued membership of the EU, my belief is a "perfect storm" is brewing, and that there is more chance of us leaving the EU, than joining the Euro.

 

There are more people who want to leave the whole corrupt thing, than want to become part of the Euro............

 

We won't leave the EU in our lifetime but if the EU still exists in the form in currently does I very much doubt.

 

I fully expect it to evolve into a northern European trading area with a common currency over the next couple of decades.

[EastleighSoulBoy]

It won't and can't IMHO. It will become a nothern European currency.

 

Perhaps, in the future, if that does happen, then it may be worth joining.

 

Very long time off though.

 

Interesting, do you feel that the Northern European, more industrialised, countries might realign as a tangibly seperate union within the EU? Therefore having less responsibility toward the other EU states and their less stable* finances/currencies? A sort of SuperEuro Alliance.

 

* Not that any currency is currently stable, just that some are slightly more stable than others?

[Saintandy666]

I'm a member of UKIP because of my beliefs about the EU/the EURO, and what Nigel Farage has been saying for years is now coming to fruition. A one size fits all single currency could never work. The whole EU project is now under threat because in countries like germany the people are now questioning the merits of it because what their politicians have told them is turning out to be rubbish.

 

I believe that when the time calls and the conditions are right and necessary, Europe will form a federation similar to the USA(so each state would still have a large degree of autonomy); with or without the UK and we'd be silly not to join.

 

It is the only way we will be able to deal with the huge problems which will face us in the next century. We are stronger together than apart.

[hypochondriac]

I'm aware of this.

 

So who stopped us joining the euro? Gordon Brown.

 

Personally, I believe one day we will join the euro.

 

I seem to remember you being in favour. Ah the Naivety of youth

[View From The Top]

Interesting, do you feel that the Northern European, more industrialised, countries might realign as a tangibly seperate union within the EU?

 

Basically, yes.

[hypochondriac]

I believe that when the time calls and the conditions are right and necessary, Europe will form a federation similar to the USA(so each state would still have a large degree of autonomy); with or without the UK and we'd be silly not to join.

 

It is the only way we will be able to deal with the huge problems which will face us in the next century. We are stronger together than apart.

 

No we aren't. Together we have less control and flexibility in what we do. The fact that someone can go to a European court to overturn a conviction in this country is scandalous. One of the main problems is we are dealing with countries like Greece and Italy where corruption is just how they do business (look at FIFA). They don't play by the rules and reap the benefits. We do and get shafted. I hope we never have closer ties with Europe. We have already gone too far.

[Thedelldays]

I believe that when the time calls and the conditions are right and necessary, Europe will form a federation similar to the USA(so each state would still have a large degree of autonomy); with or without the UK and we'd be silly not to join.

 

It is the only way we will be able to deal with the huge problems which will face us in the next century. We are stronger together than apart.

 

we wil not join the euro for a generation at least....the appetite in the UK is simply not there..as you can see right now, we are better off out

[View From The Top]

No we aren't. Together we have less control and flexibility in what we do. The fact that someone can go to a European court to overturn a conviction in this country is scandalous. One of the main problems is we are dealing with countries like Greece and Italy where corruption is just how they do business (look at FIFA). They don't play by the rules and reap the benefits. We do and get shafted. I hope we never have closer ties with Europe. We have already gone too far.

 

You are, of course, aware that the ECHR and the EU are two separate entities and aren't connected in any way?

 

You are, of course, that the top European Court can only had down judgements on matters of precedence and cannot just overturn convictions?

[Saintandy666]

You are, of course, aware that the ECHR and the EU are two separate entities and aren't connected in any way?

 

You are, of course, that the top European Court can only had down judgements on matters of precedence and cannot just overturn convictions?

 

Thank God someone knows the difference between the two. If there is one thing that especially annoys me about the Daily Mail and its parody the Daily Express, is when they present ECHR judgements as if they are made by the ECJ(i.e the EU). It promotes misunderstanding.

[dune]

I hope we never have closer ties with Europe. We have already gone too far.

 

Absolutely. I would like a referendum on leaving and just having a trading relationship.

[Saintandy666]

No we aren't. Together we have less control and flexibility in what we do. The fact that someone can go to a European court to overturn a conviction in this country is scandalous. One of the main problems is we are dealing with countries like Greece and Italy where corruption is just how they do business (look at FIFA). They don't play by the rules and reap the benefits. We do and get shafted. I hope we never have closer ties with Europe. We have already gone too far.

 

The EU promotes freedom as far as I can see.

 

Economically we will have to integrate further unless we want to fall behind China and the USA even more than we are at present.(and defence wise as well!)

[hypochondriac]

Absolutely. I would like a referendum on leaving and just having a trading relationship.

 

I totally agree. I have nothing against Europe, I just don't see the positives outweighing the negatives with us continuing to part of the whole debacle.

[dune]

The EU promotes freedom as far as I can see.

 

Economically we will have to integrate further unless we want to fall behind China and the USA even more than we are at present.(and defence wise as well!)

 

We are not falling behind the USA. They are faltering just the same as we are. In fact their sovereign debt is very serious as Obama hasn't taken the steps our government have to deal with it.

[Thedelldays]

The EU promotes freedom as far as I can see.

 

Economically we will have to integrate further unless we want to fall behind China and the USA even more than we are at present.(and defence wise as well!)

 

what freedoms are they then..?

it restricts the laws we can make for a start

 

as for falling behind the USA, obama is in shyt street on home matters....

[View From The Top]

what freedoms are they then..?

it restricts the laws we can make for a start

 

as for falling behind the USA, obama is in shyt street on home matters....

 

And yet their economy is growing at 300% the rate of ours.

[Thedelldays]

And yet their economy is growing at 300% the rate of ours.

 

indeed..does not change the fact that he is going to have to pull something great off to win another term.....

[View From The Top]

indeed..does not change the fact that he is going to have to pull something great off to win another term.....

 

He'll win, no problem.

[Saintandy666]

indeed..does not change the fact that he is going to have to pull something great off to win another term.....

 

I wouldn't be so sure. A lot of the republican candidates fail to appeal to the mainstream, and the favourite Mitt Romney will have serious issues if chosen as he will be powerless to criticise Obama where it will hurt, health policy due to his actions on health policies as governor of Massachusetts.

[dune]

He'll win, no problem.

 

He won't.