Friday, December 17, 2010

BoE buys £10billion of dodgy Euros to aid Ireland!

Not content with lending Ireland the entire savings from next years UK austerity programme the Bank of England has just announced, read here, that it will buy £10 billion highly dodgy and soon potentially virtually worthless (if Irish issued) euros to help liquidity in Ireland.

Cameron again is in full flight from the EU having reportedly agreed to a Treaty re-negotiation, of course without any referendum for the British BUT WORSE without any concessions whatsoever from the dreadful EU! 

FT (£) report from here.



Post a Comment

<< Home