Skip to comments.(British) Families face £5,000 bill to bail out debt-stricken Euro nations
Posted on 09/27/2011 2:45:45 AM PDT by markomalley
Britain could be asked to find £115billion to rescue debt-stricken countries nearly £5,000 per household.
Fears were growing last night that the International Monetary Fund might not have enough cash for a global bailout of struggling economies.
Its crisis fund may need to grow ten-fold meaning a huge increase in contributions from the UK.
Christine Lagarde, the managing director of the IMF, said the current war chest of around £250billion pales in comparison with the potential financing needs of vulnerable countries and needs to be expanded to deal with worst-case scenarios.
(Excerpt) Read more at dailymail.co.uk ...
We have to take your 401k away for the common good. IRA? Sure that’ll do, whatever it takes...
The IMF should go bankrupt and go away.
No more bailouts for bondholders.
Oh man, how can I refuse to help out a struggling 48-year old Greek pensioner who’s worked for only 20 years and earns twice what I do?
Here’s your £5000, friend. To keep it safe I’ve wrapped it in a Tomahawk missile targeted at the headquarters of the IMF. Please recover your cash from the wreckage.
After we have all gone broke from bailing out all the failed socialist experiments, who’s going to bail us out?
“One world, one nation.” Anybody remember that slogan?
A Greek is not an Italian. A Frenchman is not a German. And if Zero had half a chance, he’d be over there signing us up.
The reason why Russia failed as a communist country was because no one (NO ONE) could plant seed without permission from Moscow. If a wheat farmer had his fields full of water at planting time, he had to get permission from his local authority to wait for the ground to dry, and the local authority had to go to the next higher authority, who had to go to the still next higher authority, etc. until it got to Moscow. Then it had to go all the way back to the farmer from Moscow through all the lesser authorities. By then, it was too late to plant wheat. People starved because of communism.
And they think they can find success in a European Union?
Get the EU out of New York. Stop sending them OUR money. Show them that our Founders knew what they were doing when they told Henry the 8th that we were a FREE nation. And get rid of the present communists in Washington and anywhere else in this nation.
Henry VIII ruled about 250-275 years before our founding fathers went to work. His daughter, Queen Elizabeth I, sent the first British to colonize America.
George III was king at the time of the revolution.
Note to American taxpayers: Solyndra's a nice distraction, ain't it....
US taxpayers better be ready....
LOL! Did I actually say Henry VIII? Yes, I did. Thanks for the correction.