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Main Reason to LEAVE the EU [IMO] watch

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    The Remain group want to stay and bail out Spain, Italy, France, who are all heading at a rapid pace down the black debt hole. Then after the UK pledges billions, in bailing out our EU partners, a few months or years down the line, one of those countries will leave, and the EU will disintegrate anyway. Thats almost guaranteed.
    [In 2007/2008 we bailed ourselves out. Nothing came from Europe]

    However, we were forced to bailout Greece, and if we are part of the EU, we WILL be forced to bail out other EU countries, who are in Colossal debt.

    http://www.telegraph.co.uk/finance/e...scue-fund.html

    http://www.dailymail.co.uk/news/arti...U-members.html

    Jean-Claude Juncker, European Commission president, discards David Cameron's deal that spares Britain from Eurozone bailoutsBritain will be liable for close to £1 billion of emergency loans to Greece, it can be revealed, after Jean-Claude Juncker tore up a “black and white” deal to protect UK taxpayers from Eurozone bailouts.

    If we are part of the EU, the EU can MAKE us liable for other countries debts VERY easily.The Euro countries are collapsing under colossal debt, which we will be liable for.

    MAKE NO MISTAKE. We will be massively outvoted in Brussels, and end up bailing out countries who will probably end up leaving anyway, as the EU is already a failed experiment.
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    26th May 2016: Banco Popular, one of the Spain's leading financial firms, caused mayhem after admitting that it needed billions to bolster its balance sheet. Shocked investors dumped shares in the firm, with the bank stock's value plunging by 24 per cent this morning, after the cash call and plans to issue another 2 billion shares.It resulted in €1.4billion being wiped off the value of the bank's share price.And the worry spread to other Spanish banks with shares in Caixabank and Banco de Sabadell diving by 3.4 per cent and 4.5 per cent respectively. It comes after the country announced record debt levels, owing its creditors €1.095 trillion. €1.095 trillion is higher than Spains annual GDP.
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    I support your views
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    Thanks.

    It speaks volumes to me that Goldman Sachs, one of Wall Street's most prestigious investment banks, was also among the many banks in 2008 and 2009 to receive billions of dollars in taxpayer money to help it stay afloat. Like others in the securities industry, Goldman Sachs advises and invests in nearly every industry affected by federal legislation.

    And they are funding the Remain Group to the tune of six figures.

    Which makes Remain campaign completely right wing.

    Funded by the largest Capitalists the worlds ever known, and British Petroleum

    "Goldman Sachs has two senior representatives on Bilderberg's steering committee: James A. Johnson, a board member of the bank, and Robert Zoellick, the chairman of Goldman Sachs' board of international advisors.We know from Charity Commission accounts that Goldman Sachs, along with BP, is one of the key funders of the group, and we also know that they've been pumping "a substantial six-figure sum" into the Remain campaign."

    http://www.ibtimes.co.uk/bilderberg-...ss-1563898Dont fall for the Bremain hype!
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    (Original post by Rover73)
    The Remain group want to stay and bail out Spain, Italy, France, who are all heading at a rapid pace down the black debt hole. Then after the UK pledges billions, in bailing out our EU partners, a few months or years down the line, one of those countries will leave, and the EU will disintegrate anyway. Thats almost guaranteed.
    [In 2007/2008 we bailed ourselves out. Nothing came from Europe]
    You might have a point, if not for the fact that GDP growth rate is rising in Spain and Italy, and is already above 0 in France and Spain. Those two economies are growing, and Italy is recovering. Why would be be bailing them out?

    https://www.google.co.uk/publicdata/...l=en&ind=false
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    It's a bit of a marginal point in the grand scheme of things. Our own debt is still growing. Some predictions suggest a leave could cause a recession and continuation of austerity. To pluck a similar argument out of thin air what if we needed bailing out?

    But back in the real world, we would still be involved in bailing out economies like Spain or Italy. The UK has interests in these countries and would likely support in the form of loans or through the IMF or World Bank or a host of other organisations that lend to countries. The idea that isolation cuts our international obligations misses the point.
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    I think those figures represent QE, as a pose to real growth.

    I do not think that the financial crisis is over and I think there will be more bailouts.

    http://www.forbes.com/sites/sharonpo.../#63634d446d1a
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    The point I am making, is that no Eurozone Finance Ministers have come out and said what Cameron said today, that we will not bail out eurozone countries. He's desperate and knows his job is on the line. And he's plain lying.

    There is nothing in law to support what he is saying. And the European system of voting, QMV, means we wouldnt have a choice.

    July 2015;
    A defiant George Osborne had told EU finance ministers that ‘the eurozone needs to foot its own bill’ as he strongly opposed a plan to provide an emergency loan using money from all EU members.Arriving for the meeting in Brussels, the Chancellor told reporters: ‘Let me be very clear. Britain is not in the euro, so the idea that British taxpayers are going to be on the line for this Greek deal is a complete non-starter.’But hours later, a cross-looking Mr Osborne left the meeting without further comment. EU officials said the European Commission would defy his objections and recommend providing the Greeks with finance using money from all states – including British taxpayers.
 
 
 
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