PDA

View Full Version : EU bank may not fully repay UK until 2054



Mordac
27th October 2017, 17:56
Brexit: EU bank may not fully repay UK until 2054 - BBC News (http://www.bbc.co.uk/news/uk-politics-41774817)



Billions of euros of British taxpayers' money could remain locked into an EU bank for more than thirty years after you-know-what, the UK has been warned.

Don't worry lads, we'll just deduct it from whatever you say you want from us...

northernladyuk
27th October 2017, 18:45
Brexit: EU bank may not fully repay UK until 2054 - BBC News (http://www.bbc.co.uk/news/uk-politics-41774817)




Don't worry lads, we'll just deduct it from whatever you say you want from us...

Yes. Because the UK holds all the cards.

NotAllThere
28th October 2017, 06:41
It's an EU investment bank. Not the organisation to whom the divorce bill would be owed.

Lance
28th October 2017, 07:19
It's an EU investment bank. Not the organisation to whom the divorce bill would be owed.

Nonetheless an organisation we cannot be a member of if we leave the EU.
The money that will (may) get paid back is as the loans mature so nothing controversial really. Legally how they manage to relive our shareholding whilst still being able to repay those loans will be interesting. More lawyers getting rich I think.

Mordac
28th October 2017, 07:42
It's an EU investment bank. Not the organisation to whom the divorce bill would be owed.

We don't owe anyone anything except to honour previously agreed commitments post 2020. Anything over and above that is extortion / punishment / whatever description you see fit.

WTFH
28th October 2017, 07:56
So there’s an investment that doesn’t mature for 30+ years and an investor is being told that if you pull out early you won’t get all your money back. If people think this is some form of punishment, they need to speak to their financial advisor and stop trying to make it a political issue.

Lance
28th October 2017, 08:39
So there’s an investment that doesn’t mature for 30+ years and an investor is being told that if you pull out early you won’t get all your money back. If people think this is some form of punishment, they need to speak to their financial advisor and stop trying to make it a political issue.

It’s better than that. They’ll let us pull out AND still get paid but only as the loans mature. That’s a better deal than anything David Davies could ask for.

vetran
28th October 2017, 13:14
I want a big part of their pension in the Divorce, Also I want to keep mine so split the prospective value up and get ready to buy us out.

Remoaning just a sea of bad analogies!

AtW
28th October 2017, 13:40
What does the contract say?

vetran
28th October 2017, 13:43
What does the contract say?

according to Drunker

All EU Bases belong to us!

darmstadt
28th October 2017, 14:08
Bit of a non-story really as according to drunk Davis:


Last month Brexit Secretary David Davis said he wanted Britain’s current relationship with the European Investment Bank to continue after Brexit, telling MPs that UK negotiators would be “looking to maintain that ongoing relationship”.

BrilloPad
28th October 2017, 14:25
Bit of a non-story really as according to drunk Davis:

Being drunk never seemed to impede Churchill

AtW
28th October 2017, 14:26
Being drunk never seemed to impede Churchill

Where is old dog?

BrilloPad
28th October 2017, 14:31
Where is old dog?

SupremeSpod not banned. I must message him...

Mordac
28th October 2017, 19:45
So there’s an investment that doesn’t mature for 30+ years and an investor is being told that if you pull out early you won’t get all your money back. If people think this is some form of punishment, they need to speak to their financial advisor and stop trying to make it a political issue.

It's a "bank". We can withdraw our cash anytime we wish. If they want our blood, we are entitled to some of our own deposits back.

AtW
28th October 2017, 19:48
It's a "bank". We can withdraw our cash anytime we wish. If they want our blood, we are entitled to some of our own deposits back.

No, you can withdraw cash only inline eith the agreed terms - if you are lending bank on the basis of 30 years term then obviously you can't ask for cash back early, otherwise bank would collapse if such terms were offered.

Mordac
28th October 2017, 19:55
No, you can withdraw cash only inline eith the agreed terms - if you are lending bank on the basis of 30 years term then obviously you can't ask for cash back early, otherwise bank would collapse if such terms were offered.

The maximum loan period from the EIB is 3 years*. So how the fook do they justify hanging onto depositors cash for more than 30 years?

*Sad fooker that I am, I looked it up https://www.equipmentfinance.societegenerale.co.uk/en/partners/european-investment-bank-eib/

AtW
28th October 2017, 19:58
The maximum loan period from the EIB is 3 years*. So how the fook do they justify hanging onto depositors cash for more than 30 years?

*Sad fooker that I am, I looked it up https://www.equipmentfinance.societegenerale.co.uk/en/partners/european-investment-bank-eib/

"The minimum time of financing is 36 months. The longest period of financing machines, devices and other movable objects is 10 years"

Lance
28th October 2017, 20:07
The maximum loan period from the EIB is 3 years*. So how the fook do they justify hanging onto depositors cash for more than 30 years?

*Sad fooker that I am, I looked it up https://www.equipmentfinance.societegenerale.co.uk/en/partners/european-investment-bank-eib/

This is a website for SG sourced finance from the EIB.
What they offer is a very small part of what the EIB does.
I applaud your diligence in finding an irrelevant site that reinforces your view but for a balanced/accurate view try this site. http://www.eib.org

AtW
28th October 2017, 20:36
Mordy is a Brexiter, he does not want balanced view, he wants view that suits his own deeply held idiotic views

darmstadt
28th October 2017, 20:39
This is a website for SG sourced finance from the EIB.
What they offer is a very small part of what the EIB does.
I applaud your diligence in finding an irrelevant site that reinforces your view but for a balanced/accurate view try this site. European Investment Bank (EIB) (http://www.eib.org)

I suspect that certain people get their facts from here (http://www.pinkunicorn.net/)and here (http://www.419eater.com/)

Mordac
28th October 2017, 20:56
"The minimum time of financing is 36 months. The longest period of financing machines, devices and other movable objects is 10 years"

Time to go to Specsavers...

Still, 10 years isn't 30+ years...

Mordac
28th October 2017, 21:02
Mordy is a Brexiter, he does not want balanced view, he wants view that suits his own deeply held idiotic views

Call them idiotic if you like, but my view remains that the EU is destined to collapse into the vacuum created by it's own rapidly deflating arse. No political system can survive with a veneer of democracy for any much longer that it takes for the population to realise that it is simply a veneer.

AtW
28th October 2017, 21:17
Still, 10 years isn't 30+ years...

But it certainly ain't 3 as you said? Also, just because you it's 10 year maximum loan does not mean loans don't roll over or that monay borrowed by the bank are not even longer term than maximum of loans.

Mordac
28th October 2017, 22:14
But it certainly ain't 3 as you said? Also, just because you it's 10 year maximum loan does not mean loans don't roll over or that monay borrowed by the bank are not even longer term than maximum of loans.

Would you mind awfully introducing me to your bank manager? He sounds like a far more amenable chap than mine...:eyes

AtW
28th October 2017, 22:16
Would you mind awfully introducing me to your bank manager? He sounds like a far more amenable chap than mine...:eyes

Yes, I would.

:eyes

Lance
29th October 2017, 07:11
Would you mind awfully introducing me to your bank manager? He sounds like a far more amenable chap than mine...:eyes

If you borrow money to build a motorway that takes 15 years to complete then a 10 year loan isn’t any use. How do you think major infrastructure projects are financed?
UK still has debts outstanding from hundreds of years ago.

Your personal banking shares no comparison with international finance deals.

BrilloPad
29th October 2017, 07:36
Call them idiotic if you like, but my view remains that the EU is destined to collapse into the vacuum created by it's own rapidly deflating arse. No political system can survive with a veneer of democracy for any much longer that it takes for the population to realise that it is simply a veneer.

The people of Greece seem happy to live in abject poverty while a few thousand of their ruling elite live in luxury.

The UK is not much better than the EU. However at least they are OUR dictators.

NotAllThere
29th October 2017, 07:42
Mordy is a Brexiter, he does not want balanced view, he wants view that suits his own deeply held idiotic viewsHe's a True Believer.

"I knew how easy it was to make people believe a lie, but I didn't expect the same people, confronted with the lie, would choose it over the truth. ... No amount of logic can shatter a faith consciously based on a lie." M. Keene

"no amount of evidence, no matter how good it is or how much there is of it, is ever going to convince the true believer to the contrary." James Randi

AtW
29th October 2017, 12:35
btw Mordy, have you returned "loaned" test network? :eyes

Mordac
29th October 2017, 18:14
btw Mordy, have you returned "loaned" test network? :eyes

Yes. Well, most of it...:D

vetran
29th October 2017, 19:41
He's a True Believer.

"I knew how easy it was to make people believe a lie, but I didn't expect the same people, confronted with the lie, would choose it over the truth. ... No amount of logic can shatter a faith consciously based on a lie." M. Keene

"no amount of evidence, no matter how good it is or how much there is of it, is ever going to convince the true believer to the contrary." James Randi

on yer go Joe

http://www.jewishvirtuallibrary.org/joseph-goebbels-on-the-quot-big-lie-quot

NotAllThere
29th October 2017, 20:38
on yer go Joe

Joseph Goebbels On the "Big Lie" (http://www.jewishvirtuallibrary.org/joseph-goebbels-on-the-quot-big-lie-quot)

You've missed the point. Goebbels was explaining how to get people to believe lies. True Believers continue to hold onto their beliefs even after the lie has been thoroghly exposed.

vetran
29th October 2017, 22:10
You've missed the point. Goebbels was explaining how to get people to believe lies. True Believers continue to hold onto their beliefs even after the lie has been thoroghly exposed.

Indeed

hopefully you now realise how corrupt & disorganised the EU is.

SueEllen
29th October 2017, 23:08
Indeed

hopefully you now realise how corrupt & disorganised the EU is.

The UK government is more corrupt and disorganised - look at the number of Lords for a start and how they get paid.

WTFH
30th October 2017, 07:07
The UK government is more corrupt and disorganised - look at the number of Lords for a start and how they get paid.

Are you suggesting that the Lords are by and large a bunch of unelected, unqualified people who rarely ever turn up and have no idea how normal UK citizens live and work?

SueEllen
30th October 2017, 08:04
Are you suggesting that the Lords are by and large a bunch of unelected, unqualified people who rarely ever turn up and have no idea how normal UK citizens live and work?

I think I should let people do their own research, so when they start sprouting of about something being Nazis-like they actually have a clue about what they are talking about.

People should also look why supranational bodies appeared after WWII from the EU, to The Council of Europe to the lovely people, the EBU, who bring us Eurovision.

shaunbhoy
30th October 2017, 08:05
Are you suggesting that the Lords are by and large a bunch of unelected, unqualified people who rarely ever turn up and have no idea how normal UK citizens live and work?

Yes, in her own inimitable whiney champagne-socialist way.

:laugh

BrilloPad
30th October 2017, 08:07
The people of Greece seem happy to live in abject poverty while a few thousand of their ruling elite live in luxury.

The UK is not much better than the EU. However at least they are OUR dictators.


The UK government is more corrupt and disorganised - look at the number of Lords for a start and how they get paid.

At least the UK is better than the EU.

BrilloPad
30th October 2017, 08:08
Are you suggesting that the mods are by and large a bunch of unelected, unqualified people who rarely ever turn up and have no idea how normal CUK citizens live and work?

FTFY

SueEllen
30th October 2017, 08:10
Yes, in her own inimitable whiney champagne-socialist way.

:laugh

I'm not a champagne socialist I'm a liberal.

Though the difference may blow the minds of thick as mince people like you.

BlasterBates
30th October 2017, 08:13
I'm not a champagne socialist I'm a liberal.

Though the difference may blow the minds of thick as mince people like you.

Champagne liberal ?

BrilloPad
30th October 2017, 08:14
Champagne liberal ?

I thought it was a lentil liberal.

Cue the Clarkson comments about lentil liberal MPs and their Early Day Motions

shaunbhoy
30th October 2017, 08:17
I'm not a champagne socialist I'm a champagne liberal. Well at least that is what my virtue-signalling little coven of like-minded tree-huggers assure me.



ftfy

:yay:

SueEllen
30th October 2017, 08:44
Champagne liberal ?
Doesn't make sense.

Plus it's more likely prosecco.

darmstadt
30th October 2017, 09:27
Doesn't make sense.

Plus it's more likely prosecco.

Apparently May's favourite tipple. Whether that is Italian Prosecco, I wouldn't know but luckily there's: Digby Fine English Leander Pink - Single Bottle | M&S (http://www.marksandspencer.com/digby-fine-english-leander-pink-single-bottle/p/p60080819?OmnitureRedirect=digby&pdpredirect) for her to fall back on

WTFH
30th October 2017, 09:33
Apparently May's favourite tipple. Whether that is Italian Prosecco, I wouldn't know but luckily there's: Digby Fine English Leander Pink - Single Bottle | M&S (http://www.marksandspencer.com/digby-fine-english-leander-pink-single-bottle/p/p60080819?OmnitureRedirect=digby&pdpredirect) for her to fall back on

I would rank Nyetimber and Exton Park above Digby

AtW
30th October 2017, 11:39
Prosecco Liberal :smokin

WTFH
30th October 2017, 11:45
Prosecco Liberal :smokin

Shirley it should be:
Prosecco Proletariat

NigelJK
30th October 2017, 12:30
And any of Chapel Downs offerings is superior (provably given the number of blind tasting awards it wins).

Mordac
30th October 2017, 14:26
And any of Chapel Downs offerings is superior (provably given the number of blind tasting awards it wins).

Seconded. Visited there last month, they do some really good beer as well. :tongue

WTFH
30th October 2017, 15:07
May I recommend this:
http://www.seva.uk.com/wp-content/uploads/2014/09/Wine-Route-PDF-Final.pdf

We stumbled upon Nutbourne while out on a drive - lovely setting, nice wine.


(please drink responsibly)