Fair enough but the point stands that they are one of the largest net contributors to the budget (are they # 2 or 3?) and the third largest economy. Time will tell but long term I think Brexit will hurt the EU more than the UK.
He might not be keeping the land. In a bankruptcy, in practise, if an asset is worth less than the debt attaching to it the official assignee won’t deal with it and it would be up to whoever held it as collateral to sell the asset to recover there own money. He is really tasked with generating an income from assets that have equity in them and anything that is mortgaged the sale proceeds go to whoever loaned the money so he wouldn’t bother with them if in negative equity
Farmer was a lunatic. Animals were probably in desperate condition & if infected with TB would need to be slaughtered regardless.
Why would the army be there? Think of the geographical location. Looney farmers up that side could be packing serious heat, have surprises left buried etc.
Just look at the song & dance that cunt below in Kinsale made orgininaly only for the truth of animal miss care to eventually come out. Remember, these lads don’t run up loans they can’t pay because they are over feeding stock.
Negative interst rates are a (last throw of the dice?) central bank gamble with no precedent to compare to. They certainly don’t appear to ne helping anything.
The FED would argue that they’ve stablilised the markets by doing so over the last 2 quarters in particular…given China’s problems and oil price instability. It is a pure plaster job on a deep wound though imo.
For the normal guy, it’s a mitigated disaster…the all time low interest rates aren’t being translated down to your average mortgage holder and really only suit the investment banks as anyone that has capital is investing in the markets as a result rather then put anything in a savings account.
Your average Joe like me should be getting a reduction on his variable interest rate, not a fucking hope though…it’s scandalous really.
The Fed and the other central banks are buying assets hand over fist to prop up the markets. Look at the equity charts after Brexit (which was a surprise to the markets), the S&P was down 6% and Europe down 8% and falling fast on Monday, June 27th. Then, magic stick save and equities recovered and went on a tear for 3 weeks and are now perched on a tightrope wondering what the fuck they are doing there.
If it wasn’t for the Fed and their global buddies the whole house of cards would have long collapsed.