Britain to bailout IMF for third time.

Britain could give away billions more to IMF Europe rescue fund for a third time, Osborne admits as he slams Eurozone for 'not doing enough.

* S&P downgrades European bailout fund
* France now AA+
* Germany still AAA- (Will be downgraded next time to AA+)
* Spain, Italy, Portugal, Greece and Ireland listed as Junk Status!
* U.S.A. keeps AA+
* Belgium downgraded again BB-

They spent enough propping up the failed euro already.

It's in our interest that the euro doesn't collapse right now since we trade with these countries. Trade is good for our economy, in case you were unaware.

Keynesian death spiral economics detected!

>>2 If you think we're gonna get anything like the sum of money we've ploughed into this back your a fool, all the trade in the world aint gonna plug that financial black hole and on top of that nobody buys shit off us as it is, let alone now that the euro value is decreasing. The single currency is a waste of time propagated by globalists and they are desperate not to let it go

>>4
Of course we're not getting it back. We're putting money in not to lose considerably more. Do you have any idea how difficult importing and exporting is going to be when the entire euro zone decides to chaotically revert back to old currencies? It's not going to happen quickly.

>>5

You do know about Paper Money don't you! banks can push it around without right cash! Cash is Cash.

>>1
If the euro fails the pound fails simple as that.

And this is coming from a Brit.

IMF asked the UK for another £17 billion today to fix the eurozone, when will this madness stop!

>>7
How so?  If anything it could help the pound and the UK's economy.  Investors holding large quantities of Euros and Euro-denominated securities will be looking for safer havens when--not if--the Euro fails.  That would help the pound, not harm it.

The answer has to be monetary reform. There are many wonderful alternatives to government borrowing its own fiat money at interest, then everyone having to borrow more money to pay that back. Google "money as debt" & "fractional reserve banking" then read some books and accept we're living in an economic madhouse.

Also does anyone else think it's hilarious that every nation in the western world is lining up to suck the dicks of 3 credit agencies so they don't crash their credit rating and cripple them with unpayable interest?

Think about it: who do these democracies really answer to?

>>9
That's a very simplistic understanding of economics you got there. Firstly if the Euro fails the eurozone markets, which uk companies mostly export to, suddenly haven't got a dime.

Secondly if it was just a matter of attracting investors money in the form of securities (to keep government bond interest down) this doesn't follow. Why would I invest in a country who's trading partners are going bust? Why wouldn't I just invest in any number of safer alternatives?

>>11
Because the Euro used to BE the safer alternative, and it just went pfffffffffffft and disappeared in a cloud of retardation, so now your choices are the pound, dollar, and yen, please choose one kthx.

Is anyone else hearing the rumor that the German government has very quietly begun printing banknotes denominated in Deutchmarks again?