Hi Everybody.
John, I do not think that Canada is in anyway near as prominent as the UK in being a worldwide financial centre and a headquarters base for the international banks. Of course the failure of those institutions is a big factor in the financial plight of the UK but it is also a big contributory factor in the financial plight of countries such as, America, France, Greece, Ireland Portugal just to name a few.
Perhaps if the governments worldwide had kept their eye on the ball and agreed tighter regulation on the international banks then the world would not be in the ever continuing financial crisis it is at the moment.
However, I cannot see the connection in your posting with my comments on the spending of taxpayers hard-earned money financing tramway systems such as the Edinburgh project.
On my way back up from Barnstable earlier today and I was only half listening to the car radio when I believe they where advising that over 400 million has already been spent on the project to date. With only four hundred thousand people living in the Edinburgh area that equates to almost 1 million pounds per Edinburgh Citizen indebtedness in this fiasco and it is not half finished yet.
I have got a job to believe those figures but they were given out by the BBC news. so would somebody please correct me if I am wrong, if not this is a bigger fiasco than any one outside of the Scottish people who have been aware of the problems could have ever dreamed of.
How can anyone go on believing in and supporting such projects.
Bill
I suppose you could argue that the bank bail out that has caused the UK pound to sink rapidly recently and the cut backs was not the fault of private industry, ie the banks at all but rather the public sector. After all the Canadian Government managed to make a profit on the bank bailout, it lent funds to the local banks secured by mortgages that it was already insuring and no local banks went under.
Cheerio John
John, I do not think that Canada is in anyway near as prominent as the UK in being a worldwide financial centre and a headquarters base for the international banks. Of course the failure of those institutions is a big factor in the financial plight of the UK but it is also a big contributory factor in the financial plight of countries such as, America, France, Greece, Ireland Portugal just to name a few.
Perhaps if the governments worldwide had kept their eye on the ball and agreed tighter regulation on the international banks then the world would not be in the ever continuing financial crisis it is at the moment.
However, I cannot see the connection in your posting with my comments on the spending of taxpayers hard-earned money financing tramway systems such as the Edinburgh project.
On my way back up from Barnstable earlier today and I was only half listening to the car radio when I believe they where advising that over 400 million has already been spent on the project to date. With only four hundred thousand people living in the Edinburgh area that equates to almost 1 million pounds per Edinburgh Citizen indebtedness in this fiasco and it is not half finished yet.
I have got a job to believe those figures but they were given out by the BBC news. so would somebody please correct me if I am wrong, if not this is a bigger fiasco than any one outside of the Scottish people who have been aware of the problems could have ever dreamed of.
How can anyone go on believing in and supporting such projects.
Bill
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