Joined: 03 Jun 2005
|Posted: Tue Aug 02, 2011 10:24 am Post subject: NOW CYPRUS WANTS BAILING OUT, HOW ABOUT BAILING US OUT
CYPRUS ADDS TO EURO CRISIS
A rescue of Cyprus is a reminder of how the euro debt contagion can spread.
Tuesday August 2,2011
By Daily Express reporter
THE eurozone crisis was deepening last night after Cyprus looked set to became the fourth country to call for an emergency bailout.
Perilous financial ties with Greece have pushed the holiday island’s banks to the brink of collapse.
The EU and the International Monetary Fund, of which Britain is a contributor, have already forked out 382 billion euros (£335billion) to rescue cash-strapped Greece, Ireland and Portugal.
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A rescue of Cyprus – only about 0.2 per cent of the 17-nation eurozone’s economy – should not strain Europe’s financial resources. But it is a reminder of how the euro debt contagion can spread.
The banqeut has begun.The feeding frenzy will kill our economy,whilse cameron says he has total confidence in our membership.Trouble is,eaton produces snob idiots who think economics is a sitcom.The trough feeders will never abandon the eu,it represents their class war and their right to steal .Cameron is a one term ****,who cant wait to give the new benefit scroungers,on the block soon to be turkey. Our benefits and housing.He is not in it with us,he's in with the immigrants and murdering asylum seekers.Any criminal with an accent is his freind.Or any muslim who wants to demand a family life,at our exspense and taxes.Admit it cameron,you are not on our side,your foreign aide is an obscenity that shows your hate for your own nation.
Dont forget that soon we will have Turks taking over our country as well as Poles, Romanians, illegal Africans and others who have no right to be here at all, DO NOTHING AND YOU LOSE YOUR HOME AND COUNTRY.