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A country in debt!

  • 16-04-2014 8:54pm
    #1
    BandyMandy
    Registered Users, Registered Users 2 Posts: 148 ✭✭


    Why would a country in debt borrow money to aid another country? It's like you/
    me (being broke) getting a bank loan for a "friend"
    so they can build a swimming pool in their holiday home............ Does that make sense?


Comments

  • #2
    foxy06
    Registered Users, Registered Users 2 Posts: 2,138 ✭✭✭foxy06


    BandyMandy wrote: »
    Why would a country in debt borrow money to aid another country? It's like you/
    me (being broke) getting a bank loan for a "friend"
    so they can build a swimming pool in their holiday home............ Does that make sense?

    no it doesn't make sense
    and thanking your post was an accident


  • #3
    Mr. Incognito
    Registered Users, Registered Users 2 Posts: 9,798 ✭✭✭Mr. Incognito


    Its called interest.

    Look it up


  • #4
    wp_rathead
    Registered Users, Registered Users 2 Posts: 10,071 ✭✭✭✭wp_rathead


    Is the friend with a swimming pool meant be a third world nation..?


  • #5
    Frosty McSnowballs
    Closed Accounts Posts: 9,396 ✭✭✭Frosty McSnowballs


    "Hey Liberia......spot me a fifty will ye"!


  • #6
    MS.ing
    Closed Accounts Posts: 680 ✭✭✭MS.ing


    I give up, tell us.


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  • #7
    darkpagandeath
    Closed Accounts Posts: 24,465 ✭✭✭✭darkpagandeath


    Don't you get a warm fuzzy felling sending money to a country that has its own space program or to a country that's civil servants say the money was resting in my account


  • #8
    hjkl
    Registered Users, Registered Users 2 Posts: 469 ✭✭hjkl


    foxy06 wrote: »
    no it doesn't make sense
    and thanking your post was an accident
    So unthank it.


  • #9
    wazky
    Closed Accounts Posts: 3,516 ✭✭✭wazky


    frimpong wrote: »
    So unthank it.

    If everyone could just take a step back and cool off, no need for this.


  • #10
    shruikan2553
    Closed Accounts Posts: 6,113 ✭✭✭shruikan2553


    wazky wrote: »
    If everyone could just take a step back and cool off, no need for this.

    Thems fighting words


  • #11
    Amirani
    Moderators, Society & Culture Moderators Posts: 12,548 Mod ✭✭✭✭Amirani


    BandyMandy wrote: »
    Why would a country in debt borrow money to aid another country? It's like you/
    me (being broke) getting a bank loan for a "friend"
    so they can build a swimming pool in their holiday home............ Does that make sense?

    What country isn't in debt? Should all bilateral humanitarian aid be stopped?


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  • #12
    donegal__road
    Closed Accounts Posts: 953 ✭✭✭donegal__road


    Diego Simeone wrote: »
    What country isn't in debt? Should all bilateral humanitarian aid be stopped?

    to countries such as Uganda, definitely.


  • #13
    Stavros Murphy
    Closed Accounts Posts: 2,440 ✭✭✭Stavros Murphy


    Diego Simeone wrote: »
    What country isn't in debt? Should all bilateral humanitarian aid be stopped?

    I never liked Bilateral - ever since they started condemning left-handers I feel they are not worthy of our support or charity. Kip of a place. Both sides of it.


  • #14
    Maphisto
    Closed Accounts Posts: 1,014 ✭✭✭Maphisto


    BandyMandy wrote: »
    Why would a country in debt borrow money to aid another country? It's like you/
    me (being broke) getting a bank loan for a "friend"
    so they can build a swimming pool in their holiday home............ Does that make sense?

    No its like getting a bank loan so that a friend can pay for his kids life saving operation not build a fekking swimming pool


  • #15
    Andy-Pandy
    Registered Users, Registered Users 2 Posts: 1,848 ✭✭✭Andy-Pandy


    How much use would i get out of the pool?


  • #16
    Amirani
    Moderators, Society & Culture Moderators Posts: 12,548 Mod ✭✭✭✭Amirani


    donegal__road wrote: »
    to countries such as Uganda, definitely.

    I agree. Not because Ireland has a national debt (all countries have a national debt), but because of the history of misuse of Irish money in Uganda as you've highlighted. Bi-lateral aid doesn't work, except for humanitarian disasters.


  • #17
    Guy:Incognito
    Registered Users, Registered Users 2 Posts: 38,247 ✭✭✭✭Guy:Incognito


    Maphisto wrote: »
    No its like getting a bank loan so that a friend can pay for his kids life saving operation not build a fekking swimming pool

    While the friend spends his own money on coke and hookers.......


  • #18
    enricoh
    Registered Users, Registered Users 2 Posts: 5,082 ✭✭✭enricoh


    I think the foreign aid we spend is something like 600 million a year? Who decided on this? Good aul bertie back in the day?
    Fair enough when minted in the tiger but seems daft when we could create jobs to keep our graduate nurses, engineers etc here.


  • #19
    Amirani
    Moderators, Society & Culture Moderators Posts: 12,548 Mod ✭✭✭✭Amirani


    enricoh wrote: »
    I think the foreign aid we spend is something like 600 million a year? Who decided on this? Good aul bertie back in the day?
    Fair enough when minted in the tiger but seems daft when we could create jobs to keep our graduate nurses, engineers etc here.

    I'm fairly sure there's an EU (though perhaps it's UN or OECD) target of a certain percentage of GDP?


  • #20
    Maphisto
    Closed Accounts Posts: 1,014 ✭✭✭Maphisto


    donegal__road wrote: »
    yes, in an ideal world, that would be great.. and Id be the first to sign up for it.

    But when it is sent to a country that had recently spent millions on 6 Russian jet fighters, then I would have to say someone somewhere is taking the complete pi$$.

    * in 2010, Ireland signed off on €166 million in aid money to be given to Uganda over a 5 year period. The rest is history..

    But thats an argument about one country and the way we give the aid not the whole system of foreign aid just because we are now in debt.


  • #21
    Maphisto
    Closed Accounts Posts: 1,014 ✭✭✭Maphisto


    Guy:Incognito wrote: »
    While the friend spends his own money on coke and hookers.......

    I think in that instance you might pay for the operation directly rather than letting your friend have another party


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