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Euro Zone?


observer

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Heard on radio 4 tonight , British banks have 140 billion invested in Greece and Spain, better for us that the euro stays.

 

surely the British banks should pull out their "investments" sooner rather than later? and invest their money in business over here

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It was a borrowing binge by individuals and Governments, which the Banks encouraged; then the bubble burst and they discovered the loans couldn't be repaid, hence the writing off of toxic debt and the saddling of the rest of us with the repayment. :wink:

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