Thought I'd start a new thread as this is going to be a major talking point this year...have not made up my mind yet...(unlike bucksfizz)....but thinking of voting for an exit as Europe is not doing Britain any good at all it seems....

Why are we providing subsidies for Eastern European countries?

I wonder what the goals are?

Dil,

I understand that, and I've said many times previously that I believe the wheels started falling off the EU bus when they allowed the eastern Europeans to join, as it is predominantly those countries who take the EUs cash, and only export low-skillset cheap labour in return.

However, the UK's 16% stake in the EIB is worth about 11bn €, whereas the EIB has currently got around 36bn € invested in UK projects. So where are those post-Brexit savings that you refer to gonna come from exactly?

Hils , net savings from everything we pay in.

And another thing that really pisses me off is less than a mile from me is a road sign saying this road was funded by the EU blah blah blah.

No it fecking wasn't , we paid more in than we got back to build that bloody road and could have built more if we hadn't paid in to start with.

Fred , I'm not really interested in propping up dodgy east European countries at the expense of our country.

Hils , 16% of capital put in and only 8% of assets currently invested in UK . So if 36 billion is 8% our stake is now worth about 72 billion.

No wonder the EU are crapping themselves.

Source : Financial Times

Hils that 36 billion was what was invested over a number of years. Currently our stake is worth around 11 billion as you say but that means there is only 4 billion invested in the UK.

I must be bored I'm even watching Scumsea on TV.

Dil,

The EIB doesn't just lend its own capital. It borrows money on the capital makets to leverage its lending power. It will always have an outstanding loan book in excess of its capitalisation.

It will take something like 50 years for the full EIB loan book to amortise, and for the UK to get its investment back.

I thought Nige and Moggy had explained all that. My bad. :o)

Surely, if we are leaving the EU, we should get our loans back . . . or was that another faux the Bankers made when handing over the Money we bailed them out with . . er, so they could be made demi-presidents of some Euro-Bank of Ever?

Seems to me that quite apart from most in Parliament thinking we are stupid, it's about time we voted-in some bloke down the street and let them ( with others), vote-in some bloke they(all) trust....otherwise we are forced to vote in replicas of the shower already there, with a few exceptions naturally.

It would be nice to think that they have to pass a basic exam which includes Maths, English History and a Science . . . . at least so they can work out how many beans make five . . . without having to refer to their advisors..... since some can't even get that right.
Where, for example, is the Victorian Spirit that made Britain what it was? .... and how do we prevent those that have let it lapse gain any meaningful employment?

"Victorian Spirit that made Britain what it was"

"What was it?

Hils , clearly states in its articles that the EIB share holders shall and can only be the member states of the EU.

Now presumably they had no problem of adjusting the share capital when new members joined and were added as shareholders so they can damn well count up the assets now and give us our 16% back when we leave.

Or maybe they could offer to buy the UK's stake for a couple of cents on the euro, Dilbert. Isn't that what those banker types do when they know they've got their prey in a corner?

It's certainly what I'd do.

:o)

I think it's the other way round Hils. According to their own rules they have to give us our money back and my guess is they can't afford to without going cap in hand to member states to raise more capital.

Just saw a representative of the EIB being quizzed in the EU Parliament by an MEP about what their plans were for when we leave and the guy shrugged his shoulders and said err umm we haven't made any.

Better make some soon sunshine cos we want our money back.

Fred1new - 07 Feb 2018 08:34 - 8615 of 8618

"Victorian Spirit that made Britain what it was"

"What was it?
==============

Typical Fred , what makes you hate Britain so much

Or, as Fred might say:

"Stick it to the Tories with a hand made voodoo pincushion"

George Sorass , is backing a campaign to overturn Brexit , the Telegraph can disclose , three senior figures linked to the remain campaign , intend to seek second referendum , document out by end of month . I wish him nothing but pain .

Why would you wish ill of him, Vicky? That's not very nice.

Surely he's just talking his book? Or are you seriously worried that Brexit might never happen?

And by the way, it's Soros.

Soros is a pig . Like Branson just out for himself.