the past number of days the Irish have been saying that they are not bust!
We all knew differently!!
The problem from the UK point of view is:
1. We are being asked to finance them by at least Stg 10 bn when we are trying to dig a hole ourselves
2. RBS is open to STG 53 bn in loans of which STG 40 bn is backed by the UK tax payer.
This a is a double whammy and it just carries on!!
What people fail to see is that the whole global regulatory structure is seriously flawed and useless.
Also, the UK government has absolutely no idea how much more we are open to.
Believe me first stop is Interest at 10pct, especially when I was offered a business loan last week from Barclays at 19.95%
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment