Monday, 22 November 2010

Financial Illogicality

"You cannot establish sound security on borrowed money"
So Britain has promised Ireland "around £7bn" in addition to the money we are already contributing under the EU Bail-Out package.

As Britain is also broke, that is money that we will have had to borrow, presumably?



James Higham said...

Which comes from the IMF which comes from us.

English Pensioner said...

Probably we're borrowing it from Ireland. I think its all a giant pyramid or Ponzi scheme!

Rossa said...

The infamous EU Carousel.

Witterings From Witney said...

Rossa: Yup - and I want off!