Euro falls on rumours Greece is to quit the eurozone

[Skybird]

Originally Posted by jimbuna

Bugga them....we are broke here in the UK....they should try working until they reach the age of 66

In Germany they aim at 67 now, climbing. Some economists demand 72.

[Gerald]

Originally Posted by Skybird

In Germany they aim at 67 now, climbing. Some economists demand 72.

72 are a bit exaggerated, I think

[Jimbuna]

Originally Posted by Skybird

In Germany they aim at 67 now, climbing. Some economists demand 72.

'Apologies for the background noise'....my kids are looking at 70 regarding the age of retirement

[Gerald]

Originally Posted by jimbuna

'Apologies for the background noise'....my kids are looking at 70 regarding the age of retirement

I think you should work as long as you can, so you can drop a little more money and precious things for those who need it, a bit of an angel with a good heart who spread joy, Greece is your first visit to "easily" on the wallet,

[Jimbuna]

Originally Posted by Vendor

I think you should work as long as you can, so you can drop a little more money and precious things for those who need it, a bit of an angel with a good heart who spread joy, Greece is your first visit to "easily" on the wallet,

If I responded to that you would be offended...BOLLOCKS!!

[Gerald]

Originally Posted by jimbuna

If I responded to that you would be offended...BOLLOCKS!!

Thank you for your participation,

[Jimbuna]

Originally Posted by Vendor

Thank you for your participation,

Your most welcome

[Gerald]

Originally Posted by jimbuna

Your most welcome

Great news, btw are you in London area next week,

[Gerald]

Ireland is to get an interest rate cut on the emergency loans it has acquired from EU bodies, the BBC has learned.

Currently, Ireland pays an average rate of 5.8% on loans agreed with the IMF, fellow Eurozone countries and a special fund set up by the European Commission.

It is unclear how much of a cut this will entail, but a 1% cut could be worth up to 400m euro ($572m; £349m).

Sources say a special written procedure will be adopted ahead of the meeting of EU finance ministers on 17 May.

This speeds up the implementation of a rate cut as it would bypass the need for a full vote by all 27 EU commissioners on the matter.

Concessions?

Although Britain is not a member of the Eurozone, it would be involved in any agreement to change Ireland's bail-out loans.

That is because the UK pays into the European Financial Stabilisation Mechanism as part of the EU Commission's budget affecting all 27 member states.

Britain is also making a bilateral loan to the Irish government of £3.2billion (€3.8bn).

Last November, Ireland applied for a package of loans from the IMF and EU worth €85bn - €17.5bn of which comes from Ireland's own National Pension Reserve.

It is unclear what type of concessions Ireland will have to make under the terms of any rate reduction.

http://www.bbc.co.uk/news/business-13321551

Note: Update Record, 7 May 2011 Last updated at 12:22 GMT

[Happy Times]

Nigel Farage: Trapped Inside An Economic Prison


Man that Britain should be proud of.

[Gerald]

Originally Posted by Happy Times

Nigel Farage: Trapped Inside An Economic Prison


Man that Britain should be proud of.

[joea]

Originally Posted by jimbuna

Bugga them....we are broke here in the UK....they should try working until they reach the age of 66

Where's STEED when you want him?

Umm Jim you know that depends on the sector, public sector retire generally retire earlier as well in certain professions. Others though retire much later and I know personally of cases of people who work their *** off and resent paying for a corrupt government and for their compatriots who retire early.

[Gerald]

Euro zone heavyweight rejects demands from the market that Greece's debt of almost 340 billion to be reconstructed. While there is speculation that Greece are forced to leave the euro.

[Jimbuna]

Originally Posted by joea

Umm Jim you know that depends on the sector, public sector retire generally retire earlier as well in certain professions. Others though retire much later and I know personally of cases of people who work their *** off and resent paying for a corrupt government and for their compatriots who retire early.

I was referring to the State Pension...everyone pays a percentage of their earnings (National Insurance) towards that, so I consider it a level playing field.

Those that don't, can't or never have worked receive Pension Credits which entitle them to the same benefits at the same age so I guess some would argue that is unfair.

On a personal note, I retired at 50 but paid a butt load of additional contributions to enable the outcome to become a reality and will not receive my State Pension (like everyone else of my age) until I'm 66.

[Jimbuna]

Originally Posted by Vendor

Great news, btw are you in London area next week,

Afraid not, but I'll be in Chester in a fortnight.