Britain propped up Irish economy with €16.5bn 'back-door' bailout (5)
Your post is misleading, by the time I got to the second paragraph I knew it was mis-informed because not a single cent of any "bailout" money has ever gone into the economy, all of it, as every dog on the street knows was to prop up failed foreign banks , investors , shareholders & developers, the british taxpayer have only bailed out its own banks & partners of those banks, in the same way the irish taxpayer has had to bail out german.french.spanish,greek and even american banks to the tune of €60 billion to date, because these banks are in partnership or owned by irish banks
jimdandy77: Your post is misleading, by the time I got to the second paragraph I knew it was mis-informed because not a single cent of any "bailout" money has ever gone into the economy, all of it, as every dog on the street knows was to prop up failed foreign banks , investors , shareholders & developers, the british taxpayer have only bailed out its own banks & partners of those banks, in the same way the irish taxpayer has had to bail out german.french.spanish,greek and even american banks to the tune of €60 billion to date, because these banks are in partnership or owned by irish banks
You could sum it up in this way
(1) It is not a 'bailout', it is a loan with heavy interest
(2) The purpose of this loan is so the Irish State can take on the debt of our banks who owe British banks billions.
(3) The money is not being given to 'us', the Irish people, it is being given to the coercive criminal conspiracy that is the State that steals our money and imposes their laws on us, backed up with the threat of violence, imprisonment or even death if we dare resist their tyranny enough.
lee501: British taxpayers provided Ireland with a 'back-door' bailout of more than €16.5bn through their capitalisation of the Royal Bank of Scotland and Lloyds Banking Group, it can be revealed.
Accounts for the banks' Irish subsidiaries, Ulster Bank and Bank of Scotland (Ireland), show that one pound of every four injected by British taxpayers into the two banks ended up in the Irish economy.
Between 2009 and 2011, RBS made "capital contributions" totalling €9.13bn to Ulster Bank Ireland, while Lloyds transferred €6.41bn to Bank of Scotland (Ireland), before dissolving the business. ..........
Accounts for the banks' Irish subsidiaries, Ulster Bank and Bank of Scotland (Ireland), show that one pound of every four injected by British taxpayers into the two banks ended up in the Irish economy.
Between 2009 and 2011, RBS made "capital contributions" totalling €9.13bn to Ulster Bank Ireland, while Lloyds transferred €6.41bn to Bank of Scotland (Ireland), before dissolving the business. ..........
Nothing like creating a totally false story. British taxpayers don't own RBS or Lloyds Banking Group - therefore British taxpayers did not provide one cent or penny to Ireland, either through the back door, front door, window or chimney. The two banks merely capitalised their own subsidiary bank.
Trealach01: Nothing like creating a totally false story. British taxpayers don't own RBS or Lloyds Banking Group - therefore British taxpayers did not provide one cent or penny to Ireland, either through the back door, front door, window or chimney. The two banks merely capitalised their own subsidiary bank.
And they do that by using the two criminal gangs that have seized control of the finances of our respective nations to do it for them. But then who put those gangs in power to begin with
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Accounts for the banks' Irish subsidiaries, Ulster Bank and Bank of Scotland (Ireland), show that one pound of every four injected by British taxpayers into the two banks ended up in the Irish economy.
Between 2009 and 2011, RBS made "capital contributions" totalling €9.13bn to Ulster Bank Ireland, while Lloyds transferred €6.41bn to Bank of Scotland (Ireland), before dissolving the business.
London analysts have estimated that RBS transferred another €2.3bn last year.
RBS and Lloyds used the funds to write off billions of euro of debt loaned to Irish commercial property developers and households in the Celtic Tiger boom years.
After the onset of the crash in 2008, Ireland ultimately fell into a €85bn bailout which included £7bn from Britain.
Together with the bank bailouts, the UK taxpayer has propped up the Irish economy with at least €23bn, which will renew pressure on Britain's Labour Party about how it handled the bailouts in 2008-2009. After the bubble burst, Ireland's banks brought the country to its knees and forced the government into a €67.5bn international rescue, including £7bn from London.
Since the financial crisis, the State has injected €80bn into its banks and nationalised or part-nationalised six of them.