Irish sums are simple.
Pay £7 billion to prevent Ireland and its banks go tits up.
Pay RBS and other UK banks about £150 billion immediately if Ireland goes tits up .**
It's hardly rocket science and all the information is there on the internet for the ignorant to read before making crass remarks . :-)
Or put another way. If George Osborne (reckonned by his opponents to be thick) understands it, so can I ...It's so simple even a meerkat understand it...
** plus another £200 billion about 6 months later when the Portugese, Greek and Spanish banks follow...
Last edited by: madf on Mon 13 Dec 10 at 15:30
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