Wednesday, November 17, 2010

UK BAILOUT of Ireland ?

The Daily Mail: Reports that the UK could make direct loans to Ireland outside the EU/IMF loans. In many respects as the article points out if Ireland goes belly up then the UK will be in a major economic depression, the UK has billion pounds invested in Ireland, if the Irish default the UK taxpayer takes a major hit, but if we bailout out Ireland it can be expected that the Queen is given a great welcome should she visit Ireland next year, also what about making Prince William King of Ireland, that’s worth a few billion off the interest for the loans, if we charge Ireland any interest, as we cant afford Ireland to go broke the money will be given on the idea that the UK taxpayer never gets it back, thus expect a great supportive turnout next year for the State Visit of the Queen.

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