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Old 22-04-2012, 12:30   #24
martyh
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Re: IMF needs a sub ,and Britain obliges

Quote:
Originally Posted by Nidge41 View Post
Won't it be a loan to the IMF who will then loan it out at higher interest rates to other countries?
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It is a loan but is the money better invested in our country now rather than in some some other country for god knows how many years at a low interest rate who may or may not default .
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