Monday, 22 November 2010

Financial Illogicality

"You cannot establish sound security on borrowed money"
Unknown.
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?

Sheesh!

4 comments:

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!