Eurozone: are we bailing out a colander?

[Phill]

So Spain is getting €100Bn, who's next and are we just pishing money up the wall?

The money is supposed to be for refinancing and credit, i.e. loans. In the UK we 'bailed' a shite load of money to the wa... sorry, bankers, and we still can't get loans to sustain small business.

Shouldn't we now just let them fold?

[golach]

We are not members of the Eurozone, so allegedly no UK monies are going to Spain

[tonkatojo]

Except the billions going through the IMF back door way

[billmoseley]

i feel the euro is gonna sink and pretty soon. I also think that although in the short term it might harm us when it does go under in the long term as we have our own currency we will be a lot better than others. A word of warning beware of the Russians and Chinese their money may buy the western word with us noticing