UK £1 billion offering for Greeks

I thought we were strapped for cash, yet Britain is loaning the Greek government £1 billion to tie it over until the final collapse happens. This dosh is via the IMF, but will we ever know where it is actually coming from? Certainly not from taxation. That's all going to pay our deficit. Perhaps it's being printed in a secret room in the bowels of the Treasury. No, impossible and a waste of time. Somebody just pushed a computer button!

Also today a German banker was quoted as saying that, if the Greeks did default, "ze gates of ze Hell will be wide open!". Blimey, Lucifer, Beelzebub and assorted demons running amok all over Europe. I thought that was already happening.

Posted in: debt crisis,Greece,sovereign debt