Not my usual form to go all foaming at the mouth, but I'm coming to the slow realisation (or maybe misapprehension) that:
Bad and all as the bank guarantee was, it was time limited. So we could have decided not to renew (by which time we'd found out how bad it was), but by then French and German banks knew what it would mean for them so we werent allowed "burn the bondholders".
So the EU dont allow us do the sensible thing, and then kick the bejaysus out of us for agreeing to have a bailout rammed down our throats.
I could be way off, but I'm kind of annoyed at the suspicion I'm right. Should I be reaching for a petrol bomb, or some valium and educated reading on the subject??
Bad and all as the bank guarantee was, it was time limited. So we could have decided not to renew (by which time we'd found out how bad it was), but by then French and German banks knew what it would mean for them so we werent allowed "burn the bondholders".
So the EU dont allow us do the sensible thing, and then kick the bejaysus out of us for agreeing to have a bailout rammed down our throats.
I could be way off, but I'm kind of annoyed at the suspicion I'm right. Should I be reaching for a petrol bomb, or some valium and educated reading on the subject??