Greek Money-Go-Round
The Eurozone political class are desperate to keep the show on the road and admittedly they have managed to do so for longer than many, including Guido, expected. Nothing has so far stopped them in their determination; not economic logic, democratic votes nor civil unrest.
Today Eurozone governments are sending €4.2 billion to Greece to enable it to repay the European Central Bank €3.3 billion for bonds maturing a week on Friday. They are repaying themselves with their own coin.
The Greeks will never repay all the loans, they mostly voted for parties who explicitly reject the bailout deal because the voters realise it is not Greece that is being bailed out. The European banking system and the banks that lent money to Greece is being bailed out. The sooner Greece exits the euro the sooner the money-go-round ends and reality hits the Eurozone.
I’m first
I wonders if they will pay on 18th or wherther they will keepers the money or sum of it.
http://www.telegraph.co.uk/news/worldnews/southamerica/falklandislands/9253986/Hockey-player-in-controversial-Falklands-advert-to-miss-London-Olympics.html
Has he been injured getting into a NorthFace holdall?
Having watched the Michael Portillo present This World’s Great Euro Crisis on BBC Two last night, it is clear Greek voters want to keep the Euro and it’s low interest rates, as will France, Portugal, Spain, Ireland, Italy, Czech, Slovakia, Estonia, Cyprus, Malta, Slovenia, Montenegro, Kosovo, Andorra, San Marino and the Vatican.
Therefore, it seems more likely that Germany will have to withdraw from the Euro as being unwilling to fund profligate countries that are unwilling or unable to adopt Merkel’s austerity terms.
Will they be keeping the Sudetenland and Poland?
Talking of the Portillo thing Guido (people seem strangely quiet on the subject of BBC left-wing pro-Europe bias today) – could you stop using the Parthenon as some kind of symbol of Greek democracy and embrace the modern version?
Namely Eva Kaili, who appeared about 5 minutes from the end of Portillo’s propaganda piece – the Greek equivalent of Gloria del Piero, but with sex appeal. Gets my vote anyway.
The Merry go Round of the European Financial Ponzi Scheme. Well done heading into the future abyss.
Lets build a few more windmills and maybe another War or 2 that should finish the capitalist economy off.
Deutschland über alles.
Thank god we’re not in the Euro. And Dave and Osborne still can’t achieve growth in the economy.
Please, no replies that it’s the fault of the crisis the world is going through. There was a bigger crisis when liebor was in and at least the otherwise useless Brown managed to avert another depression of 1929 standards.
Dave wouldn’t have that crisis used as an excuse for liebor so why should we let him use a similar excuse.
I’m a Tory by the way. If we make excuses for that useless twat we hammer more nails in our electoral coffin.
We need a new PM and a new strategy, sorry scratch that, we need a strategy.
Sorry I cannot reply to your question as I am currently telling sandy hot nations how to spend their way out of a boom.
Sent from my suite in the Burj al arab
I had a pauper pal at Uni.
I always lent him a a few quid to buy drinks.
I got it all back when his grant came through. ((making him a pauper again)
He never twigged that I never bought drinks!
Once I learned that lesson, I never looked back.
Did you become a banker by any chance?
Or a politician?
Is this supposed to be an attempt at a limewick??
Did you clear nursery gwade ??
…..and of course the Eurozone governments will borrow the 4.2 billion from the ECB. Oozlum Bird economics.
Who the Hell is Oozlum Bird ??
Is it worth my looking him up on myself??
http://www.telegraph.co.uk/journalists/rowena-mason/9255627/Riots-were-a-taste-of-Britain-to-come-warns-Government-adviser.html
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.
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.
.
The secret is to bring organised crime fully in to the public sector, like I have done in Portsmouth. Once this is achieved, there will be no riots, as my ‘boys’ will not allow it, and they, me and a few council officers will continue to make lots of money. Boaz.
Well said Handy. Those people who say you dress like a poxdoctor’s clerk are misinformed. I have just found this on the internet which entirely refutes that.
http://politicalscrapbook.net/2010/12/mike-hancock-fashion-icon/
See you down the Lodge Thursday with the rest of the boys, council officers and our police officers. Jahbulon.
€4.2 billion via Western Union, Lagos branch
… and I shall be making other amusing comments below – enjoy
Oi moniker thief. I have obviously upset some trotsky minded bedwetter to frightened to post with there own moniker
Result
It is difficult to tell if any of the comments are fake – they are all equally shite
Look at the spelling in comment 28 “there” instead of “their” – 81lly? (methinks!!!)
http://tottenhamonmymind.files.wordpress.com/2009/12/vic_bob_handbags.jpg
http://order-order.com/2011/02/09/comment-of-the-day/#comments
Yes the typo was mine, to busy typing in speed.
It’s OK though because the retard bedwetter doesn’t know that wordpress logs the incoming IP of all comments, so he thinks he can masquerade but he cant. Well not to the Gwido thought police anyway
Anyway I don’t mind getting spived it shows the retards are learning at least some useful skills
ipconfig/release
ipconfig/renew
Guess what clever boys.
Dear Sir Excellency,
I have a third cousin three times removed who was once the legitimate Governor of Kano Regional Bank ….
( You can guess the rest– just wire me the one percent of 4,000 million naira transaction fee and then expect never to hear from me again ! ).
A carousel fraud, and excellent way of cleaning the EU’s dirty money through the financial system.
Yep with the banks picking up a big fat xfer commission no doubt
Paid in divi’s or offshore so HMRC doesn’t see it’s cut.
“It takes two to tango.”, as my noncing northerner friend said so eloquently on BBC news last night.
and it takes a Labour government, a PC police force and the media to collude in the mass rape of British children.
Thanks New Labour!! These latest crimes wouldn’t even have been investigated until we had a change of government
The callous reluctance to prosecute M***** R*** G**** under Labour’s PC regime screams for a public enquiry and prosecution of those who turned a glass eye. The even more horrible Charlene Downes case which Plod fumbled also needs re-opening.
To be cynical, a thorough investigation would be a guaranteed vote winner for the coalition. Nothing gets the British public riled up like police and politicians doing FA while children are being abus*d and even (Charlene) murdered. With several more of these cases awaiting trial, this is just the tip of the iceberg,
Nick Griffin pointed out that Asian gangs were grooming young white girls for sex 5 years ago but everyone said it was a typical Griffin racist slur.
The authorities are shit scared of upsetting the Muslims
Thank you Labour for rubbing my nose in diversity.
Can’t blame political parties for this national display of cowardice. The English are so afraid of the ‘R’ word they would sell their first-borne into slavery rather than vote for a party that might make a difference.
Newcomer to this blog; what the h*ll is the “R” word. Same applies to the
“M” & “G” words.
Saw this earlier
They pray 5x a day . That’s OK, it’s their custom.
They don’t drink alcohol . That’s OK, it’s their custom.
They don’t eat certain foods . That’s OK, it’s their custom.
They chop the hands off thieves . That’s OK, it’s their custom?
They strangle teenage girls in public. That’s OK, it’s their custom??
They run gangs pa’edos in our cities. That’s OK, it’s their custom. is it ?
Don’t be so sure about the alcohol.
Yes, pretty odious comments. Yet the BBC gave him air as he condoned rape and tried to suggest that these girls were complicit in the treatment they received.
The BBC execs are gonna love Salford.
Sell a long lease on the Acropolis to Disney – that should getr rid of a little of the debt.
Only when they’ve finished building it.
health and safety are having a field day
Elf and safety surely
He’s touchy today – better not call him “Shirley”.
We have to get him to a Hospital
What’s that?
A large building where sick people go
… and never return
Disney Paris has a 1.9bn euro debt apparently
Oh come on, it’s only money, we can soon print some more.
Have you seen the price of ink these days?
This was such a good comment, I made it twice – a bit like New York
yes, thats why we claim £50000 worth on expenses…
http://www.therecycler.com/posts/formal-complaint-against-sinn-fein-ink-expense/
Have you seen the pr1ce of ink these days?
insted of yoosing expensiv ink, thay shood imploy skoolleevers 2 rite the banknowts with krayonz.
SORE THROAT ?
Businesses perpetuate this, the local office supplies supplier sends the Purchasing department a glossy cataolgue all the same just branded for the local supplier. The most junior p/l clerk buys the stuff that is requested, at 4x the best price on the internet, but it is easier. The franchise owner gets obscenely rich, and so on.
For God’s sake (or Allah’s sake, if you prefer) WHY?>
They don’t even go to the trouble of printing it. They just declare that it exists.
’tis true. No paper, no ink, nothing more tangible than numbers on a computer screen and a hope that the trust in the currency is maintained.
Sounds a bit like the Labour government lending money to the unions so that they could give it to the Labour Party.
arsewipe
Correct that’s pretty much what they did with the money
At least we don’t have to pay any wages to a few thousand of the useless lefty f*ckers today.
Tiger, Tiger burning bright
You’re the one
Full of Shite
Lending?
Didn’t the socialist trashing thieves just give the unions the money, under the laughable guise of a “modernisation fund”?
Yes but they do use it for union related matters exclusively. Like £6k to fund Twatson’s trip to the US NI shareholders meeting
Did the unions ever manage to modernise under the pretext of the “Union modernisation fund”?
Yes, we have progresed from 1870 to 1890.
It’s high time we put politicians involved in the creation of the Euro on trial for fraud and incompetence.
A shame some of them are dead but those alive must be made to pay for gambling the wealth and prosperity of millions on a mad idea of a single currency.
+1m. Furthermore, anyone in office who still thinks that the Euro is a good idea should be hounded out pronto.
Set the Rottweilers on Clegg.
And Ken Clarke.
Heseltine shouldn’t get off scot free.
we can still try the ones that are dead
http://en.wikipedia.org/wiki/Oliver_cromwell#Death_and_posthumous_execution
I am very proud of signing up Britain to the the EU. It tooks years of begging France to get us in you know but some people benefited of course!
Yes, you little Inglish pigdogs, we benefit, by destroying your silly little Inglish country.
Mwa ha ha ha ha ha!
PS: It’s nearly 09:30 and our little servant Camoron hasn’t sent today’s £50,000,000 EU membership fee. Give him a nudge, will you?
Yes, give him a nudge. A good proportion of that is plowed back into the Liverpool area!
+1 billion
Dig up the dead ones, and give them a fair trial.
Then hang them.
Dig them up, reconstitute them with water if turned to ash, tax them, charge them for wear on spades, conduct a risk assessment, say last rites backwards, conduct rendition to Salford, waterboard them, then a signed confession obtained implicating Jack Straw. Then give them a fair trial. And finally hang them with a hempen rope (wear on rope £1.25 + vat)
Surely the ashes of vampires can only be revived using virgin’s blood.
Heath, the architect of all our misery was barbecued, so we would have to try that on him.
The longer they delay, the worse the crash will be.
Greece my palm.
it is very slippery!
The longer they delay, the worse the crash will be.
Did anyone else see Michael Portillo last night on the BBC?
We can always flog the Elgin Marbles if they default.
LOL
Welcome to my new world where right is left
and left is wrong
Cooo eee Tiger
Coooeeeeee!
Read Carswell’s blog that Guido has linked to. 1 Quango abolished; 6 new ones created. FFS.
Noise of walking to laptop…..
Puff I pant would puff call pant that puff efficiency
The ‘bonfire of the quangos’ was yet another empty headline from One-Term-Dave. He’s really very good at those, but shite at everything else. He’s just a politician, of course….
In response to Mornington Crescent’s post at 46. Doesn’t anything work properly in this wretched country any more??
If you’re a quango-crat, things are working even better than before.
Honestly, I’m coming round to the view that we should just let Labour back in. Fuck it, go for absolute broke in style – Cuba-style. Let all the Eastern Europe’ans in, let the Turks in, set all jobs at minimum wage (as if they aren’t already), stuff the country with useless quangocrats, tax businesses to oblivion, hand any control that’s left over to Van Rumpy and leave a token PM position to be filled by that nasty, spiteful four-by-toooo and Dennis Skinner.
Why not?
You think things are bad now with the Quisling class in power? Just wait for direct dictatorship from Brussels. You won’t even recognise your neighbours, let alone this country.
ha ha ha ha ha that has cracked me up – yes let’s go for broke – let the Ed’s in and then sit back and watch them do their worst.
Post numbers change through the day, so use the time stamp so we know who you are talking about.
We will reduce Britain’s de*bt by borrowing more and spending more, and then p!ssing it all away on foreign aid, quangos, Euro bailouts, HS2 railway lines.. shit like that.
Sit back and enjoy.
Yes, but, but, I mean …. one needs so much fuel to get a good blaze going.
This was in reply to 48, so who knows where this will arrive?
Ask Bob Crow
Iv’e done a balled fist, that means stone. Your turn now.
Look forward comrade. The post democratic era needs citizens to accept government by unelected and unremovable technocrats. It is the only thing that can save us all from disaster, poverty, droughts and eternal wars.
Funny thing, on Portillo’s programme yesterday, Greek politicians and what I suppose were EU ‘functionaries’ were actually saying that openly. Apparently, democracy is really not all that big a deal over there.
no…. Carswell’s busted flush
remember that pony I lent you last saturday?
I think its an old banking con – the losses would make things ‘look’ bad if booked in the ECB – they can be fudged in the national debt stats of the EC countries.
its been done before with busted banks in the UK – losses were shipped ‘upstairs’ to a parent institution – the remains of the busted bank got spit and polish, then the carcase flogged off as a healthy going concern. Net financial effect – nowt – it all depends on the audience – in this case the electorate
You Wot?
Even if the Greeks are bailed out, what is stopping the whole charade from being repeated in 5 years time.
5 months more like.
I read they are lighting the Olympic flame at Olympia today. Might get myself down there later – is the tube station on the Victoria line?
too funny
Try Barking.
You’ll never get a ticket mate.
That’s Bob Crow’s line.
Evereeebodeee aaaaaaaht !! Flames on the Undergraaaand ? Wotever nekst ???
Don’t know if it still exists, but Olympia used to be on the Metropolitan Line. Somewhere near Earls Court.
District Line.
Historian chappie on R4 today explaining that the whole torch nonsense has nothing to do with the original Greek games, was invented by a Nazi PR guy for the 1936 Olympics, to promote the Aryan racial ideal. So really it would be quite appropriate for the NF to escort the damn thing around the country. The historian also pointed out that the Royal Mint has made a schoolboy howler by producing commemorative coins with Roman, not Greek, gods on them. Dear oh dear oh dear, as the late Tony Hancock would have said.
But as Portaloo pointed out on his programme last night theGreeks don’t get it, they like the Euro even though it’fucking their country. The krauts like it as it keeps the Euro cheap making it easy to flog their shite cars.
Rather like a drug dealer and user, they need each other.
exactamundo
Without the Euro their politicians would still do stupid things, and they would have massive devaluations. They’d still be in the shit.
Weren’t the massive devaluations the things that made Greece a very popular and che@p tourist destination?
I’m sure they’d be really happy to go back to that level of poverty for our benefit.
They are he@ding there right now with or without the EUro and nothing can stop it.
They don’t have any option but poverty now anyway.
They’ll all be Drachma millionaires soon.
Well they are going back to that level of poverty anyway.
The very least they could do is let us get cheapo holidays.
With the billions we have thrown at them, we have already paid over the odds, whether we go or not.
W.W.
Didn’t look like either side will be considering ditching the Euro any time soon. The Greeks don’t want to take responsibility for their own affairs and the Jormans want the giant market to flog their Vorsprung durch Technik. Portillo had the air of a beaten dog by the end. Funny though, couldn’t help but get the feeling that all these Good Europeans despise each other along national lines as much as they ever did.
The Greeks want to stay in the EUro because it gives them the gravitas of being among the “big boys”. The Chermans want the PIIGS in the EUro to keep the value of the currency artificially low and not harm their exports. Trouble is, that way forward only le@ds to eternal suffering for all, for as long as the union exists. The Greeks have signalled enough is enough, the other PIIGS will follow.
But, does Androcles realise he must remain poverty stricken so Fritz can be uber-rich. Here comes the 4th Reich Meine Freunde.
It couldn’t have happened in my day. I favoured a sound economy, based on democracy, trade, slavery and the fortuitous discovery of silver deposits near Athens.
They have recently discovered huge amounts of oil and gas offshore in Greece. Fortuitous timing again?
Or lies
What’s a Grecian earn these days?
How can anyone defend this whole EU experiment.
It is an unmitigated disaster. Life was far better when we were all separate and this political class with it’s sole purpose of sponging off us didnt exist.
The sooner the whole thing collapses the better.
“Life was far better” ?
Nah, there was no TV on Sunday mornings.
Sorry, I was too young to remember the pre-EU time. I was just a kid and out playing with my mates in those days.
It wasn’t until much later when people explained to me, it was not just a fluffy trading partnership but the begining of an entirely new country, where mine was to be abolished and emasculated into a toothless province, that I took an interest and from what I saw, turned against it.
Sorry this is O/T, but did anyone else hear McNaughtie ‘interviewing’ a Unite person this morning (also treasurer of the Liebour Party as well I believe?) about the imminent one-day strike? Eventually he put to her the fundamental point that pensions in the public sector are still a great deal better than the equivalent in the private sector. However, she completely failed to address this point, and no attempt was made to get her to do so. You can imagine the reaction had a Conservative minister dodged a question so blatantly….
James Windbag-McLefty, the strikers’ friend.
Thank you for you reply to our advertisment for a new Director General.
As we have pointed out before you must belong to the Labour Party and be a signed up memeber of the Unite Union.
We feel that keeps the balance and levels of impartiality about right.
Hmm, sounds very fair to me and not in the le@st biased in any way.
There are press photos doing the rounds today of picketers holding “FAIR PENSIONS FOR ALL” banners.
I don’t remember the thick socialist scum whining like little pussies when Snotty McMental decided to raid private sector pensions.
Sign is a bit misleading.
Should read “Extra special fair pensions for all ‘public payrol’ workers and an earlier retirement date than you”
+ 1 billion
I don’t know Brian Paddick survives on his £64k pa pension and lump sum after retiring aged 49. Public sector workers are screwed over by the evil tories
Brian Paddick is fully supported by his husband. Yeucch!!
Is he (or does he do) Greek?
I just can’t sympathis with public sector workers moaning about how bad their defined benefit plans are. Try being self employed for a while, and only being able to put into your own personal pension what you earn from your own business, not that I’m bitter or anything.
I did Hugh.
Worse, did you hear that twink Davis bang on about today being the anniversary of Blair quitting Number 10? TWICE he mentioned it, FFS – once because, in his breathless haste to celebrate this great event, he got the dates wrong.
You could picture that little prick (Davis, that is) with his trousers round his ankles, tossing himself off.
Yes, unfortunately I did. Mr Lefty Giggling-Davis is fast becoming unlistenable, so his place on Toady is assured.
We had to bail out our own banks, but the krauts are basically using the ECB to funnel money through Greece back to German banks to bail them out for the loans THEY made to the Greeks. how come the krauts dont’t bail out their ownbanks for lending to the Greeks.
Because it is easier for the Germans to just revolve the money inside Germany, while laying the debt onto the Greeks.
I’m trying to start a business like that myself.
I’ve got a squeaky bottom, so has my mate Dave.
And most of it actually goes to pay Germany for the grossly overpriced submarines and France for the warplanes, all of which Greece obviously needs more than doctors, teachers, policemen etc.
This is the first time I have ever understood high finance. Essentially, it’s like the episode of Bagpuss where the mice invent a chocloate biscuit making machine which wows Bagpuss, Jemima, Gabriel and even brainy specoid woodpecker Professor Yaffle.
The rascally rodents have, however, fooled the soft saggy cat-puss and his chums. It’s just one biscuit being endlessly recycled.
Reams of analysis have been written about the hermeneutics of Bagpuss scripts. All very profound and insightful, and an excellent way of blagging grants from the ever-gullible providers of same.
“You can’t make chocolate biscuits out of breadcrumbs and butterbeans!”
WhoooooooooooooooooooooooooooooooOOOOOOOOOOOOOOOOoooooooh?
Portillo didn’t find many people in Europe who don’t want to ensure the Euro is for life, not just for this Christmas.
95% of everyone he asked, at any level, in any nation, said the Euro had made them all richer. And that was anti-EU man Portillo, not some liberal wonk, searching for some anti-europe/a/n to back up his assertion that the Euro is shit.
It does seem only us in the UK don’t think much of it.
Is that really you, Bill? Normally you are not in the least bit credulous.
Portaloo is anti-EU in the same way as iDave is. In other words, not at all.
Well, of course, one way to mitigate a hangover is to keep drinking.
The Greeks want the dosh, in particular the euro but don’t want European Bank, austerity, taxes, Germans telling them what to do – its not much they are asking for really.
The Eurozone have finally made perpetual motion a reality!
Guido, you sholud know by now that Marxist idealogues test their ideas to every body else’s distruction.
The Conservatives have got to get a handle on this immediately or else UKIP will trounce them in the elections and if Miliband offers a referendum they will be toast. My parents and all their friends are all lifelong Conservatives but all of them will be voting UKIP and have not renewed their Conseravative party membership. Trouble is that to so many people it looks as if the PM offered a referendum and then withdrew it (the whole EU mess is v complicated). IF the tories want any hope of re-election they need to announce a referendum now and if the LD’s are holding them back on this (wonder which of them are aiming for a top job out there) then on their own head be it.
People are actually now dying because this is such a mess.
James Forsyth @JGForsyth
Why an EU referendum pledge in the next Tory manifesto is ‘basically, a certainty’
To fucking late, David.
Within the next year. Otherwise you, and your party, are history, Labour will get back in with the LibDem’s tongues up their fat arses, and the country will, as a result, be so utterly spavined that there will be no economy left capable of paying your undeserved pension, or that of any public sector worker.
No party, but especially the Consies, can “promise” a referendum for sometime in the future, and probably after another election. They got caught in that lie once and we won’t be fooled again.
Made even more amusing by the fact that a significant chunk of the debt was incurred buying military hardware from Germany.
I didn’t know germany made F-16′s
First
No I was first with Steph
Greek accounting method
A German tourist goes into a small hotel in a village in Greece and gives the owner 100 euros as a deposit on a room on condition it is refunded if after an inspection he finds it unsuitable.
The hotel owner then pays the local butcher the 100 euros he owes him, the butcher then pays 100 euros to the local farmer who then pays the farm labourer’s wages, the labourer then pays the hotel owner the 100 euros to settle his bar bill.
The German tourist not happy about the condition of the room gets his 100euros back.
Everybody is happy!!
They, the euro-elites, are *NOT* doing nothing! Guido, your article clearly spells out what is going on but you fail to make the obvious conclusion.
What is happening is that bthe Greeks are being used as a sacrificial fig-leaf of an excuse for the French to re-capitalise their bankrupt banking system at the expense of the european taxpayer.
Each so-called “bailout” that goes to Greece is actually immediately used by the Greeks to recycle their debt therefore:
* Before the “bailout” money goes in, when the Greeks default, the French banks are out of pocket. Which they cannot afford.
* After the “bailout” money has gone in, when the Greeks default, the guarantor of the “bailout” money has to cough up (us, amongst others).
So the whole point of this charade is to transfer liability onto the taxpayer, who can be made to pay up. For this to carry on and for the “bailout” monies to continue to flow into France, the charade has to be maintained that the Greeks will somehow actually pay it all back. That is why they are being racked, for as long as possible, with savage austerity measures. And the more severe the racking the better, it provides substance to the view that they are really swallowing their medicine.
Osborne is mad to pledge any British taxpayers money to the ECB or the IMF for the purpose of “bailouts” for Greece.
And another thing: In the meantime holder of Greek debt are enjoying some very yummy interest rates, around 30% I believe. Just imagine how much money one could make, if one had some idea of how long the whole charade was going to be maintained for, with enough warning of its end for one to be able to safely offload your debt into one of the last few “bailouts”? I mean, what is 30% of E200 bn?
Nooo, that would be a sort of ‘Insider Trading’. Banks would never sink so low, would they?
We’re not talking about banks, we’re talking about Euro-ruling-elites and Christine Lagarde tipping the wink to selected recipients. And them then taking advantage of it.
However, as you say, the wholly unaccountable appratchniks who run the EU are renowned for their honesty, integrity, the quality of their accounting practices, the transparency of their expenses system. They wouldnt dream of doing such a thing. They are as honest as the day is long. Heaven forfend the thought. Four legs good, two legs bad!
Anybody else watching all this bollocks of the lighting of the Olympic torch in Greece ?
Apart from Seb Coe getting yet another free holiday There are about 20 women all with excellent racks i should point out , Parading a candle in a stone pot and some kid waving a twig
The crowd must be at least a dozen people now some daft twat has to carry this candle for thousands of miles across Europe and than all the way around this country causing major road disruptions and costing probably millions of quids
What an unnecessary and utter waste of time and money the whole fucking charade is !
Bunch of tossers the lot of them. Love the sweaty c’unt in a dark suit trying to keep up.
What is the carbon footprint of this candle and it’s conveyance? I think the press should obsess fretfully about it, and a few windmills planted to offset the carbon.
You forgot the bit about this eternal flame and global warming. Do try to do better next time.
A good way for all English patriots to show their hatred of the quisling political class is to boycott anything to do with their crappy vanity games.
Let the London 2012 games go down as the biggest humiliation for the British establishment.
My finger in your bum – Right now.
It’s odd to spend so much time, effort and money to keep alive a 1936 Nazi PR invention, which the whole flame nonsense actually is.
Surely putting VAT up 2.5% to 20% will solve all of our domestic problems?
Raising taxes and hiking energy and fuel costs, is a sure fire way out of recession.
Just ask socialist Gideon for advice on this. His recipe is a blinding success and shows those doubters as just plain foolish.
Guido, could you provide a list of the actual pension amounts the public service sector workers will get when they retire. Police, teachers et al. Budget figures would suffice. I am sure us in the private sector would find it very interesting.
Oh and has Livingstone provided his full financial accounts yet? Oh and has Miliband declared who was at the Rudd event yet?
Depends on length of service and pay point at time of retirement. The vast majority of pensions are less than 10k a year.
For a given length of employment and salary at termination of employment, public sector pensions are invariably better. They are usually index-linked, which private sector pensions rarely are. Most public sector pensions are related to final salary (or more recently, average salary over a period of time); most private sector pensions are money purchase schemes, subject to market conditions at time of calculating annuity. There are now very few final salary (or average salary) private pension schemes.
Quoi pour faire maintenant? Tout ce complique! Quoi dira Mme Merkel?
Voulez-vous coucher avec moi ce soir Monsier le President?
http://www.telegraph.co.uk/journalists/rowena-mason/9255627/Riots-were-a-taste-of-Britain-to-come-warns-Government-adviser.html
The problem with the political class is that they have no idea how hard it is to make a few quid from manufacturing
Gordon Brown should be put to work labouring on a midlands building site
“The sooner Greece exits the euro the sooner the money-go-round ends and reality hits the Eurozone”
…and sometime AFTER they receive the 4.4bn but BEFORE they have to repay 3.3bn would be a great time to do it. Let the European Central Bank take 1 cent on the Euro, like everyone else.
poud to a penny the IMF will be back with the begging bowl withn eight weeks
If the EU succeeds it will have a bigger population base and greater economic clout than America.
That is why the Yanks want it to fail.
So a hundred shepherds on an Anatolian hillside equate to a hundred hedgies in London, or a hundred production line workers at Dassault or BMW?
No – treating it like a numbers game shows how superficial the thought processes of the people who promote this line actually are. And we are good customers of American goods, so it cannot profit them if Euroland falls into recession – keeping the status of the dollar as the world’s currency of preference is (legitimately) their main concern.
A creditor lending money to a debtor to repay a debt to the same creditor is the most perfect example of a Ponzi Scheme that is possible to imagine.
But to have the brass balls to implement it is A True Exemplar.
Well done Brussels! Bravo!
1932 was a watershed year in European politics.
So will 2012.
Eighty years – almost to the day.
in the unlikely event that anything on the cards
turns out to be right should you assume any
prior leak from a core participant, and anyone
using these cards as a drinking game has only
themselves to blame for any pre-lunch
hangover that occurs.