Just to clarify, re phrankin's post below
the EBRD has never been about lending money to EU countries. It exists to lend to countries making the transition to being market economies. So first of all that was Central and Eastern European countries, after the fall of the Berlin Wall. Now it's a whole host of Central and Eastern European, Asian and, soon, North African countries.
Not expressing an opinion on whether that's a good thing or not - I'm no expert. Or whether it was the reason for UKIP's vote.
Just that it's wrong to imply that it's an institution that normally lends to EU countries, but that somehow sneaked some money to Turkey. (I guess the clue is in the name - it's a development bank.)
Sorry if this was very boring.
Posted By: Tricky Hawes on March 1st 2013 at 12:45:22
Message Thread
- Just to clarify, re phrankin's post below (General Chat) - Tricky Hawes, Mar 1, 12:45:22
- No a fair post. It does seem a big dubious spending money on something (General Chat) - phrankin, Mar 1, 12:49:03
- Good to get some informed comment going, nice one. Some cracking stuff on here today. (General Chat) - jafski, Mar 1, 12:48:48
- what did you have for lunch? (n/m) (General Chat) - jAC, Mar 1, 14:43:06
- (ah, but I was talking about the EBRD, who lent to Ford in Turkey (General Chat) - Tricky Hawes, Mar 1, 12:48:45
- here are the details (n/m) (General Chat) - phrankin, Mar 1, 12:58:51
- missing link... (General Chat) - phrankin, Mar 1, 13:01:03
- Ah OK. (n/m) (General Chat) - jafski, Mar 1, 12:49:09
- That'll teach you to kiss arse prematurely (n/m) (General Chat) - Old Git, Mar 1, 13:19:52
- here are the details (n/m) (General Chat) - phrankin, Mar 1, 12:58:51
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