WikiWirral 13yrs online 24/7 365 days a year.
Forum Stats
12285 Members
65 Forums
73041 Topics
985379 Posts
77 posts in the last 24hrs
Max Online: 7831 @ 8th Apr 2013 4:18pm
Who's Online - Click Me
79 registered (11kendo, 14 invisible), 1566 Guests and 285 Spiders online.
Key: Admin, Global Mod, Mod
Social Media : Follow Us


(Views 7days)This Weeks Most Read
Police Camera Van Smashed 620
Windows 10 latest "Creators" Update 395
STREET MAPS 343
New Brighton Big Wheel 342
How worried should we be? 303
Garden Waste Bins 303
Homing Pigeon 283
Historic tours of Ellesmere Port 252
The Durrells 231
Little Boy Blue 228
New General Forums
Death penalty --to Paradise !
by venice
26th Apr 2017 12:54pm
Tory manifesto for the NHS
by casper
26th Apr 2017 11:06am
Fakes Docs
by snowshoes
25th Apr 2017 12:27am
Happy birthday snowshoes
by lollipop
23rd Apr 2017 9:39am
New Wirral History
STREET MAPS
by Paternoster21
22nd Apr 2017 10:54am
Historic tours of Ellesmere Port
by Paternoster21
22nd Apr 2017 7:53am
whetstone lane boxing club
by oldbirkonian1
19th Apr 2017 6:34pm
Where was Wirral underground munitions factory?
by yoller
19th Apr 2017 10:01am
Memories or the chronicles of Birkenhead - Gamlin
by derekdwc
13th Apr 2017 12:03pm
Forum Tips
Photo Gallery Forums
New Brighton Big Wheel
Birkenhead Transport Museum 24th Feb 2017
Topic Replies
Motorcycle Boots size 42/44
by locomotive
1 minute 41 seconds ago
Might have changed my mind re death penalty.
by fish5133
4 minutes 1 second ago
Whitehall shut down
by fish5133
45 minutes 59 seconds ago
Garden Waste Bins
by fish5133
49 minutes 15 seconds ago
Windows 10 latest "Creators" Update
by diggingdeeper
Today at 04:56 PM
BrightSparks: 1981 Astra MK1 GL 1300S
by BrightSpark
Today at 04:32 PM
Carpet Fitter
by JaseB
Today at 12:03 PM
Rock Lane West Crash - Road Closed
by lansyp
Today at 04:46 AM
Maxi Cosi Tobi car seat £30
by Greenwood
Yesterday at 11:01 PM
April
M Tu W Th F Sa Su
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
Recent Posts : What's On ?
Gawthorpe Hall
by diggingdeeper
26th Apr 2017 3:16pm
Dunham Massey
by techgran
14th Apr 2017 12:57pm
Topic Options
Rate This Topic
#1034517 - 7th Apr 2017 1:49am European Banks
granny Offline

Wiki Master

Registered: 29th Jun 2011
Posts: 14159
Loc: Wirral
Having great difficulty understanding all the different financial institutions and banks (not high street banks), the purpose of each one and how they relate to each other.

We have;

IMF ..International Monetary Fund

EIB..............European Investment Bank (which is where UK money goes apparently)

Central Bank of Luxembourg founded the same year as ECB in 1998.It is part of the European System of Central Banks (what does that mean?)

ECB..............European Central Bank based in Luxembourg (Tax Haven country)

World Bank.......Washington.US.

Then there is foreign aid budget £12 billion.

EIB .............has loans of £332 billion from who?. UK's contribution about £35 billion. (that must be paying off the interest of the £332 billion to who ?)

EIB .............are investing in Morocco and other African nations,and why ? That's not Europe ! I thought that was the job of the World Bank .

IMF..............Global Organisation provides loans to countries in need.

The World Bank...provides loans to countries world wide in need.

Well, if you are not confused by now, I certainly am. Then we read this link on page 8 and if anyone can explain what it means, I'd be grateful and thank you....................

"The risk appending to the UK’s shareholding in the European Central Bank –
quantified at just €1.5 billion – is nebulous: the ECB only exists because the
euro exists, and the UK is a Euro-Out countries. Nevertheless the UK is a 14%
shareholder, the ECB counts the UK’s currency and bullion reserves as part of
its own reserves, and the ECB is spinning a very large wheel on a very small
capital base of just €10 billion. The spinning wheel’s gyrations are on a par with
the ECB’s quoted reserves of €2.13 trillion, rather than with its capital, inferring
the ECB contemplates the reserves as the collateral for its operations, and that it
can access those reserves to cover any loss. The UK’s Maximum Possible Loss in
connection with the ECB needs to be considered as a wild card.
Note on IMF Funding
IMF funding, as in the case of the 2010 support for Ireland, is not granted in
isolation or without stringent conditions. In that case the IMF provided 1/3 of the
€67.5 billion non-Irish element of the package of €85 billion. A UK contribution to
the IMF is not a back-to-back loan into a borrower country; the UK participates
with many other nations as contributors, and towards many other nations as
borrowers. IMF funding is contingent upon the other funding being made available
in a co-funding model, and upon compliance with the IMF’s conditions on austerity
and supervision. As such the writer regards the UK’s risks on Eurozone nations
as tertiary through the IMF, and that the IMF issue is something of a distraction
and relatively insignificant compared to the UK’s primary exposure to EU financial
mechanisms as shareholder and guarantor, and to the UK secondary’s exposure
to the ‘wild card’ of the European Central Bank and to the governance models
through which exposure ceilings can be raised and safeguards removed "

https://www.brugesgroup.com/images/media...20the%20EIB.pdf


Edited by granny (7th Apr 2017 2:02am)
_________________________
...and those who were seen dancing were thought to be insane by those who could not hear the music.FN

Top
Google Ads
#1034518 - 7th Apr 2017 3:09am Re: European Banks [Re: granny]
diggingdeeper Offline

Wiki Guardian

Registered: 9th Jul 2008
Posts: 9997
Loc: Birkenhead
The world as a whole is in huge debt, the banks and financial institutions are the people that facilitate that ridiculously impossible logic while in the process of syphoning off plenty of that same money.

Its quite easy to follow the loop that shows the UK borrows some of its money from itself, minus a percentage of course.
_________________________
In a time of universal deceit - telling the truth is a revolutionary act. George Orwell

When the debate is lost, slander becomes the tool of the loser. Socrates

Top
#1034525 - 7th Apr 2017 8:32am Re: European Banks [Re: granny]
fish5133 Online   content
Forum Master

Registered: 22nd Mar 2010
Posts: 2917
Loc: Heswallish
Gets even more confusing when the "money" itself does not actually exist in the form of notes and coins but purely as numbers in accounts. A cashless society puts almost total power in hands of banks govts financial institutions.

Top

Moderator:  Mod 
Random Wirral Images

Click to View Topic.
Newest Topics
Might have changed my mind re death penalty.
by venice
28 minutes 58 seconds ago
Carpet Fitter
by JaseB
Today at 12:03 PM
Garden Waste Bins
by granny
Yesterday at 10:55 AM
Ribes
by locomotive
26th Apr 2017 9:16pm
Rock Lane West Crash - Road Closed
by diggingdeeper
26th Apr 2017 3:10pm
For Sale & Free
Maxi Cosi Tobi car seat £30
by Greenwood
11:01 PM
iPad mini 16gb white
by lau2908
26th Apr 2017 12:57pm
iPad 2 16gb white wifi
by lau2908
26th Apr 2017 12:56pm
galaxy note 3
by lau2908
26th Apr 2017 12:55pm
Whyte 802 mountain bike
by j_demo
26th Apr 2017 12:07am
Featured Member
Registered: 15th Mar 2012
Posts: 298
Newest Members
BritSol, errynbeattie, loubie343, windsail, Hollyange
12285 Registered Users
Today's Birthdays
Pete_Robbo (36)
New Wirral Info
Carpet Fitter
by JaseB
Today at 12:03 PM
Garden Waste Bins
by granny
Yesterday at 10:55 AM
Homing Pigeon
by rossie
25th Apr 2017 10:23am
Gawthorpe Hall
by diggingdeeper
25th Apr 2017 12:28am
Freemasonry unwrapped
by Tait1969
24th Apr 2017 8:21pm
News : New Topics
Whitehall shut down
by eddtheduck
05:42 PM
Rock Lane West Crash - Road Closed
by diggingdeeper
26th Apr 2017 3:10pm
How worried should we be?
by venice
26th Apr 2017 8:35am
New Brighton Big Wheel
by cools
23rd Apr 2017 9:29pm
Found - cycle computer / speedo
by philmch
23rd Apr 2017 1:35pm
New Enthusiast Forums
Might have changed my mind re death penalty.
by venice
24 minutes 57 seconds ago
Ribes
by locomotive
26th Apr 2017 9:16pm
Little Boy Blue
by cools
24th Apr 2017 6:58pm
The Durrells
by granny
23rd Apr 2017 6:39pm
Windows 10 latest "Creators" Update
by diggingdeeper
22nd Apr 2017 6:36pm
(Views 24hrs)Trending Newest Topics
Carpet Fitter 29
Might have changed my mind re death penalty. 17
Wirral Sunrise Sunset
Sunrise Fri 5:41am
Sunset Fri 8:37pm
Local Time Fri 6:47pm
WikiWirral Can . . . .