UK decouples from European bailout agreement to protect the single currency

Thursday, May 17th 2012 - 03:54 UTC

Full article 4 comments

The UK will be exempt from a new European bailout agreement between Euro-zone countries according to a EU Treaty Amendment Bill introduced to the House of Lords this week by Foreign office minister Lord Howell. Read full article

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ChrisR
Smoke and mirrors here folks!
”3. The Member States whose currency is the euro may establish a stability mechanism to be activated if indispensable to safeguard the stability of the euro area as a whole. The granting of any required financial assistance under the mechanism will be made subject to strict conditionality.”

Picture the following: Greece bails out of the euro, Spain collapses, Italy collapses. Phone call to Camoron from the EU President: 'I know you are not in the Eurozone but we need 50B Euros from Britain to help keep the Euro afloat. The conditions are if you don't come up with the money we will X, Y and Z (fill in whatever spurious conditons Germany and France can come up with) against Britain'.

Camoron: 'Of course President, the cheques' in the post'. Anyone want to disagree with this?
May 17th, 2012 - 02:33 pm - Link - Report abuse 0
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zethe
They moaned and threatened all sorts when he said he would not allow the bank tax, he still said no to much criticism.
May 17th, 2012 - 04:14 pm - Link - Report abuse 0
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toooldtodieyoung
Oh for god's sake!!!

Get us out of Europe? What will it take to get you to see? Leave now!!!

When some rings you up and says “Hey, what are you doing at the weekend? we are all having a car crash, do you want to take part?” Do you then go rushing over? NO, You stay at home.

We would still be a part of Europe even if we weren't part of the EU. Just, just get us out before we get sucked in as well.
May 17th, 2012 - 06:50 pm - Link - Report abuse 0
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briton
out of this dictatorship, before it collapses .
May 17th, 2012 - 07:09 pm - Link - Report abuse 0
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