"If ye love wealth better than liberty, the tranquility of servitude better than the animating contest of freedom, go home from us in peace. We ask not your counsels or your arms. Crouch down and lick the hands which feed you. May your chains set lightly upon you, and may posterity forget that you were our countrymen."

Thursday, 24 March 2011

For The Record

Britain will be required to pay its share of a Portuguese rescue under an EU stability "mechanism" agreed by the Labour government in the last 48 hours of its administration last year.

"We estimate that the UK's share in such a bail-out would range from 945 million euros to 4.26 billion euros, with the higher end of the estimate being more likely," the Open Europe paper said.



In fact, if I remember correctly, the deal was signed by Darling while we had no government. Labour had already been voted out on 6th May and the Coalition had not yet been agreed.

4 comments:

  1. Jolly good fun, this EU membership business, is it not?

    Anything to do with the socialist ideal of equalising financial wealth?

    ReplyDelete
  2. It's a good job the Treasury is printing money, sorry, funding the Libyan adventure. The treasury the ONLY government department that never asks me for money because... it makes it!

    ReplyDelete
  3. You're right, it must have been signed at the meeting on 9/10th of May.

    http://www.consilium.europa.eu/uedocs/cms_data/docs/pressdata/en/ecofin/114324.pdf

    ReplyDelete
  4. hey GV..hope alls well .Have a beautiful weekend.:)

    ReplyDelete

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