| "The fans back at home will have enjoyed that" 19:45 - Jun 30 with 3789 views | Zx1988 |
Kane's as deluded as Sunak. |  |
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| "The fans back at home will have enjoyed that" on 21:47 - Jun 30 with 744 views | SuperKieranMcKenna |
| "The fans back at home will have enjoyed that" on 21:35 - Jun 30 by Bugs |
Where ever or whoever, the source of this information that a county can go 'bankrupt' that source isn't your friend. They are trying to scare and manipulate you into voting against your interests, successfully, if you are regurgitating that bollox. |
Of course a country can go bankrupt by defaulting on their external debt obligations, as has happened with Argentina (several times), Greece, and worryingly last year the US almost defaulted on a repayment:
https://www.bloomberg.com/news/articles/2024-04-01/us-government-debt-risk-a-mil
Such a scenario means an IMF bailout, and austerity on steroids. Of course there’s no suggestion the UK is nearing that point, although the other Reuters link I posted highlighted that without tough decisions on tax or spending cuts then there’s a good chance of the UK seeing another rating downgrade. I don’t really understand why people think there is a never ending supply of borrowing, it’s mostly raised externally, and if those creditors don’t think they’ll get their money back (based on the sovereign credit rating) then they won’t lend it. Poster above was indeed talking bollox, but to say a country can’t go bankrupt simply isn’t true.
Ps - sorry for derailing a footie thread! | | | |
| "The fans back at home will have enjoyed that" on 22:19 - Jun 30 with 679 views | Ryorry |
| "The fans back at home will have enjoyed that" on 21:47 - Jun 30 by SuperKieranMcKenna |
Of course a country can go bankrupt by defaulting on their external debt obligations, as has happened with Argentina (several times), Greece, and worryingly last year the US almost defaulted on a repayment:
https://www.bloomberg.com/news/articles/2024-04-01/us-government-debt-risk-a-mil
Such a scenario means an IMF bailout, and austerity on steroids. Of course there’s no suggestion the UK is nearing that point, although the other Reuters link I posted highlighted that without tough decisions on tax or spending cuts then there’s a good chance of the UK seeing another rating downgrade. I don’t really understand why people think there is a never ending supply of borrowing, it’s mostly raised externally, and if those creditors don’t think they’ll get their money back (based on the sovereign credit rating) then they won’t lend it. Poster above was indeed talking bollox, but to say a country can’t go bankrupt simply isn’t true.
Ps - sorry for derailing a footie thread! |
Whilst that's no doubt correct, Bugs was still right in saying that "They (probbly tory/ies still repeating the £2K tax lie) are trying to scare and manipulate you into voting against your interests, successfully, if you are regurgitating that bollox." |  |
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| "The fans back at home will have enjoyed that" on 08:39 - Jul 1 with 561 views | _clive_baker_ |
| "The fans back at home will have enjoyed that" on 21:45 - Jun 30 by GlasgowBlue |
Was comparing the result, not the performance. England, as poor as they were, were the better team for the majority of this game whereas Ipswich were second best for most of the game against Southampton. |
We didn't have an enviably better squad than our opponent though, quite the opposite. Ipswich had no right to outplay sides like Southampton last season when you look at the respective squads. The same isn't true of England against teams like Slovenia and Slovakia. That context will always be relevant when considering the results and performances.
I thought England were OK 2nd half to be honest, perhaps due to Slovakia being content to hang on to what they had which meant it was largely 1 way traffic. We worked a disallowed goal which Foden really should've done better to stay onside for, Rice hit the post with a good effort, Kane missed a header from a position he's normally so threatening from, then of course scored a goal. We huffed and puffed a bit but it was much better than the 1st half. |  | | |
| "The fans back at home will have enjoyed that" on 09:19 - Jul 1 with 531 views | The_Flashing_Smile |
| "The fans back at home will have enjoyed that" on 19:47 - Jun 30 by BloomBlue |
We won, that's what football is about.
If Town win a game playing poorly I don't moan about it, I enjoy it. |
You're missing the point. This is a tournament. We won't win it (which surely is the whole point) if we continue to play like that. You can't fluke your way to a major trophy. [Post edited 1 Jul 2024 9:25]
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| Trust the process. Trust Phil. |
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| "The fans back at home will have enjoyed that" on 09:30 - Jul 1 with 516 views | yorkshireblue |
| "The fans back at home will have enjoyed that" on 20:35 - Jun 30 by J2BLUE |
Surely he meant the turnaround? |
He was replying to a question about Bellingham's goal. |  | | |
| "The fans back at home will have enjoyed that" on 12:58 - Jul 2 with 444 views | SuperKieranMcKenna |
| "The fans back at home will have enjoyed that" on 21:35 - Jun 30 by Bugs |
Where ever or whoever, the source of this information that a county can go 'bankrupt' that source isn't your friend. They are trying to scare and manipulate you into voting against your interests, successfully, if you are regurgitating that bollox. |
Incidentally Ukraine is in real danger of defaulting on its debt repayments:-
“
For the past two years, Ukraine’s creditors have agreed to suspend debt-service payments. The let-off—from both government and private lenders—is worth 15% of GDP a year. Indeed, if payments had been required, they would have been the state’s second-biggest expenditure, behind defence. Now, however, the moratorium from private foreign bondholders, including Amundi, a French asset manager, and PIMCO, an American one, is set to expire on August 1st.
Thus Ukraine has a month to avoid default. The IMF is keen for Mr Marchenko to negotiate a write-down, but a deal seems unlikely in the time available. If Ukraine does default, it would reflect a troubling lack of faith among private investors concerning the West’s commitment. In the long run, that could spell disaster for the country’s recovery. “
Whilst these are exceptional circumstances, it’s helpful for the understanding of those who say “running a country’s finances is not like a credit card’. That shows a lack of understanding of the sovereign debt markets, once debt repayment becomes unsustainable and repayments are missed, you end up with a ‘junk rating’ and the lending taps are turned off.
The analysts which formulate the sovereign ratings are much better to listen to than politicians - as we saw with the Truss budget, if analysts think fiscal plans are unviable we recieve a ratings downgrade. The next government will have to either raise taxes or make cuts, as the Reuters link confirms the UK will otherwise likely see a further rating downgrade. | | | |
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