Eurozone sets bail-out terms as Portugal fears increase

Gerald · 03-25-11, 07:17 AM

European leaders have agreed a restructuring of a financial bail-out fund that they hope will resolve the bloc's debt crisis.

Eurozone ministers bowed to German demands to renegotiate the time-frame for contributions to the massive fund.

But the deal was overshadowed by concerns about Portugal and a growing row that the UK may be forced to contribute to a financial bail-out.

Portugal says it does not need aid, but many analysts say Lisbon is in denial.

The eurozone debt deal follows months of negotiations.

http://www.bbc.co.uk/news/business-12858207

Note: 25 March 2011 Last updated at 10:25 GMT

danlisa · 03-25-11, 07:24 AM

Quote:

"Can you imagine how absolutely furious British voters would be if it turns out that the British taxpayer has to continue contributing to the bail-out of euro countries, even though we are not a member?"

About sums it up.

Gerald · 03-25-11, 07:32 AM

I am pleased that Sweden, like the UK does not have €

Penguin · 03-26-11, 10:09 AM

Quote:

Originally Posted by Vendor

I am pleased that Sweden, like the UK does not have €

At least you live in a democracy where you are asked...
I hope for our british and swedish friends that you stay this smart.

How is the mood about the Euro in Sweden at the moment? I thought that there are less pro-Euro voices today than when you had the referendum. I was a little shocked when I read the polls during last years election, that there still are so many people in favour of the Euro. Maybe the financial crisis and bailout madness changed the mood a little.

Gerald · 03-26-11, 10:20 AM

Quote:

Originally Posted by Penguin

At least you live in a democracy where you are asked...
I hope for our british and swedish friends that you stay this smart.

How is the mood about the Euro in Sweden at the moment? I thought that there are less pro-Euro voices today than when you had the referendum. I was a little shocked when I read the polls during last years election, that there still are so many people in favour of the Euro. Maybe the financial crisis and bailout madness changed the mood a little.

The Swedish economy is strong, according to statistics, the strongest in the EU, one that I read earlier, and very few want the € instead of the SEK I do not want to replace nor

STEED · 03-26-11, 10:37 AM

If Portugal goes under we in the UK will have to fork out £3.2 billion and Spain is not looking good. I'm bloody sick and tied of this stinking corrupt vile EU.

These mother *******ers can not balance there own bloody books! How many years has it been 13, 14 or is it 15 years and no one will sign off there books, why? There is no one corrupt enough to do the job.

BURN IT HELL EU.

The people of Europe do not need the EU.

Skybird · 03-25-11, 07:31 AM

Who pays the lion's share? The stupid people in the stupid republic of Germany.

Germans own fault. They voted for those oparties, politicians and thus: policies costing them billions and billions and then: more billions.

Stability pact? Gone. Prohibition of some nations bailing out other nations? Gone. Maastricht criteria? Gone. Indepedence of the ECB? Gone. Healthy economic management reason? Gone. Self-Responsibility? Gone.

Transfer-Union? Nothing else than right that is left!

To hell with this bloody EU mess.

Rhodes · 03-25-11, 02:01 PM

Quote:

Originally Posted by Vendor

Portugal says it does not need aid, but many analysts say Lisbon is in denial.

Oh, we are in denial a long time ago...

03-25-11, 07:17 AM	#1
Gerald SUBSIM Newsman Join Date: May 2008 Location: Close to sea Posts: 24,254 Downloads: 553 Uploads: 0	Eurozone sets bail-out terms as Portugal fears increase European leaders have agreed a restructuring of a financial bail-out fund that they hope will resolve the bloc's debt crisis. Eurozone ministers bowed to German demands to renegotiate the time-frame for contributions to the massive fund. But the deal was overshadowed by concerns about Portugal and a growing row that the UK may be forced to contribute to a financial bail-out. Portugal says it does not need aid, but many analysts say Lisbon is in denial. The eurozone debt deal follows months of negotiations. http://www.bbc.co.uk/news/business-12858207 Note: 25 March 2011 Last updated at 10:25 GMT __________________ Nothing in life is to be feard,it is only to be understood. Marie Curie

03-25-11, 07:32 AM	#3
Gerald SUBSIM Newsman Join Date: May 2008 Location: Close to sea Posts: 24,254 Downloads: 553 Uploads: 0	I am pleased that Sweden, like the UK does not have € __________________ Nothing in life is to be feard,it is only to be understood. Marie Curie

03-26-11, 10:37 AM	#6
STEED Lucky Jack Join Date: Jan 2006 Location: Down Town UK Posts: 27,695 Downloads: 89 Uploads: 48	If Portugal goes under we in the UK will have to fork out £3.2 billion and Spain is not looking good. I'm bloody sick and tied of this stinking corrupt vile EU. These mother *******ers can not balance there own bloody books! How many years has it been 13, 14 or is it 15 years and no one will sign off there books, why? There is no one corrupt enough to do the job. BURN IT HELL EU. The people of Europe do not need the EU. __________________ Dr Who rest in peace 1963-2017. To borrow Davros saying...I NAME YOU CHIBNALL THE DESTROYER OF DR WHO YOU KILLED IT!

03-25-11, 07:31 AM	#7
Skybird Soaring Join Date: Sep 2001 Location: the mental asylum named Germany Posts: 42,632 Downloads: 10 Uploads: 0	Who pays the lion's share? The stupid people in the stupid republic of Germany. Germans own fault. They voted for those oparties, politicians and thus: policies costing them billions and billions and then: more billions. Stability pact? Gone. Prohibition of some nations bailing out other nations? Gone. Maastricht criteria? Gone. Indepedence of the ECB? Gone. Healthy economic management reason? Gone. Self-Responsibility? Gone. Transfer-Union? Nothing else than right that is left! To hell with this bloody EU mess. __________________ If you feel nuts, consult an expert.