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The Chillout Room
HMV in real trouble
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<blockquote data-quote="U31" data-source="post: 820825" data-attributes="member: 8996"><p>By giving Portugal the loan, the state, UK PLC, makes an extortionate amount of profit on the interest rate. Same as bailing out Ireland. </p><p>Yeah we are in the financial shit, but we are still credit worthy to the international banking system.</p><p>So we take out a loan from the International banks to bail out these countries at a favourable interest rate to us, as we are credit worthy, and we bump up the interest of the loans we give to Portugal. its a win win for us.</p></blockquote><p></p>
[QUOTE="U31, post: 820825, member: 8996"] By giving Portugal the loan, the state, UK PLC, makes an extortionate amount of profit on the interest rate. Same as bailing out Ireland. Yeah we are in the financial shit, but we are still credit worthy to the international banking system. So we take out a loan from the International banks to bail out these countries at a favourable interest rate to us, as we are credit worthy, and we bump up the interest of the loans we give to Portugal. its a win win for us. [/QUOTE]
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HMV in real trouble
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