WSJ asks Osborne: "Would you help Ireland?"

Jakey

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Aug 6, 2010
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Interesting Q&A with George Osborne in the Wall Street Journal. They ask him straight out if the UK would join the euro-zone in aiding Ireland. His response:
I think it is a hypothetical question. Clearly the U.K. has very close economic cultural and historic ties with Ireland and we of course monitor the banking situation there closely. We are in regular contact with the Irish government but as for the question, it is a hypothetical question.
Full article here: Osborne: U.K Is Out of ‘Danger Zone’ - Real Time Economics - WSJ

The historic ties are all very well, but more to the point: the UK owns more Irish debt than anyone. I very much doubt the Germans will be prepared to cough up unless the British do the same. This "map of debt" makes interesting reading: Europe's Web of Debt - Graphic - NYTimes.com
 


kerdasi amaq

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Aug 24, 2009
Messages
4,631
If it's a hypothetical question; give a hypothetical answer.

We can assume, however, that the answer is no. They're as banjaxed as we are and owners of the British government will not allow them to take the necessary measures to save their country.
 


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