aggi wrote:No. (I'm assuming you mean libel here.)
My turn for an entirely irrelevant question now. What is the airspeed velocity of an unladen swallow?
Slander/libel couldn't care less. Least you answered, for once.
It's funny isn't it, if somebody makes a quip in the spirit it was meant to be, but it's against one of the biggest bullsh1ters this country has seen. All of a sudden the usual gaggle of democracy denying europhiles come out the woodwork and want to treat what posters put on here as though it was a court of law!!!
Even more ironic that the main cheer leader was put in his place by my , only the other day for coming out with the claim -
aggi wrote:"The government opted to bail out the banks first and deal with the repercussions later."
Taken from the left wing w3bsite, Labour Heartlands, that you've clearly ignored
https://labourheartlands.com/british-st" onclick="window.open(this.href);return false; ... o-save-it/
Would it be against EU regulations to provide funding to British Steel in a time of need?
Unfortunately, yes. The fact that all the economic factors go against the UK steel industry is not relevant, nor is the potentially devastating impact on the wider local economy were it to close. The EU has already ruled on this: in January 2016 the competition commissioner ruled that the Belgian government had illegally provided €211m to steel companies in one of its depressed regions, and ordered that the money be repaid. She also announced an investigation into €2bn of similar aid given by the Italian government to support its steel industry.
So how come the banks were bailed out?
There is a fundamental difference between banks and steel. If the UK, or Belgian, or Italian steel industry has to shut down, then other steel companies will pick up their contracts. Such commercial competition is the thrust behind most of the legislation: saving any of the ailing companies would adversely affect the other steel providers, who would not be able to take those contracts. In the case of the banks, their mutual interdependence made that impossible. Because they had all lent to each other, the collapse of any of the banks would have led to the collapse of the whole financial system. So, saving the banks was not anti-competitive, it was in fact supporting the market economy.
Then the EU bent the rules for the banks?
No, it did not bend the rules, it used provisions in the Rescue and Restructuring Guidelines which enable State aid in certain very limited circumstances. Unfortunately, this would be difficult to apply to steel.
So you were spouting "
outright lies " aggi !!!!The labour government did not "
opt to bail out the banks first and deal with the repercussions later."
An "outright liar " losing an argument about liable/ slander
You couldn't make it up!