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The Chillout Room
HMV in real trouble
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<blockquote data-quote="siman91" data-source="post: 820842" data-attributes="member: 755"><p>U31 and Mr Radish, you are both correct, we have provided a favourable loan to Ireland due to our special relationship (ie that we export alot of our goods to them and therefore it is in our interest to ensure they remain solvent). The basis of the loan is as described by U31. We are also underwriting loans (not making them directly but there in case Ireland default on the loan). Unfortunately since the new government has taken place in Ireland they are suggesting it may be best for them to default.</p><p></p><p>In regards to Portugal, they buy very little from us and therefore we do not have a special relationship and therefore we are only to underwrite loans which we would be obliged to meet should Portugal default. There is a posibility of this given that elections have yet to take place with the existing arrangements being made by an interim government.</p><p></p><p>The joys of being a part of the left wing and amazingly corupt EU and being told how to spend your countrys and most importantly its citizens own money!! </p><p></p><p>S.....not political and certainly not UKIP fan!</p><p></p><p>ps How did a thread about HMV end up here??</p></blockquote><p></p>
[QUOTE="siman91, post: 820842, member: 755"] U31 and Mr Radish, you are both correct, we have provided a favourable loan to Ireland due to our special relationship (ie that we export alot of our goods to them and therefore it is in our interest to ensure they remain solvent). The basis of the loan is as described by U31. We are also underwriting loans (not making them directly but there in case Ireland default on the loan). Unfortunately since the new government has taken place in Ireland they are suggesting it may be best for them to default. In regards to Portugal, they buy very little from us and therefore we do not have a special relationship and therefore we are only to underwrite loans which we would be obliged to meet should Portugal default. There is a posibility of this given that elections have yet to take place with the existing arrangements being made by an interim government. The joys of being a part of the left wing and amazingly corupt EU and being told how to spend your countrys and most importantly its citizens own money!! S.....not political and certainly not UKIP fan! ps How did a thread about HMV end up here?? [/QUOTE]
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HMV in real trouble
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