It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
(visit the link for the full news article)
Britain has been warned it will be punished by Europe if the pound is hit by a financial crisis, after refusing to support a massive euro bail-out.
Officials from both euro and non-euro countries said Britain should not ask for help if it runs into trouble because it had not signed up to a £378 billion support fund.
Jean-Pierre Jouyet, a former French Europe minister and the current chairman of France's financial services authority, yesterday predicted only "God would help" a rudderless Britain after it snubbed its euro zone neighbours
Originally posted by Vitchilo
Ok this is the signal.
Just you watch. The ratings agencies will just crush the UK... and since it's already on the brink of bankruptcy, it won't take long.
And when the UK collapse, and the IMF takes over, it will unravel the whole worldwide system.
Originally posted by Emphursis
Hopefully this will be the push needed for us to get completely out of the EU.
said by Jean-Pierre Jouyet, a former French Europe minister and the current chairman of France's financial services authority
"There is not a two speed Europe but a three speed Europe. You have Europe of the euro, Europe of the countries that understand the euro ... and you have the English,"
Originally posted by grantbeed
Britain have said no, and now they may be made to pay.
Sounds like there are deep relationship cracks behind the scenes here.
Britain will be hoping there is no crisis like the one in Greece, thats for sure.
Originally posted by thoughtsfull
But I am not sure what short term gains will be achieved with Britain giving over £50bn except ensure Britain is in a worse financial situation..
IMHO, it is simply robbing Peter to pay Paul, and you can't do that for long without getting into deeper difficulties.
Originally posted by Vitchilo
And you say in your sig it's Glorious England.. GIVE ME A BREAK.
England was never glorious in the first place. All the scum bankers come from there. And the current generation is a generation of drunk sheeple licking their Queen's boots and loving it. And that is if you don't talk about the ugly women, disgusting food and disgusting weather...