July 12th, 2011

Purple Plot Nearly Scuppers IMF Increase

Last night’s vote on whether to send another £9 billion to the IMF was won by just 28 votes, the tightest margin yet for this government. Despite the best effort of the whips nearly thirty Tories rebelled against the government – a  combination of the usual faces as well as a large number of the new intake. The fact that Labour voted against the increase from £10.7bn to £20.15bn led to the tight 274/246 split. A relationship between of Labour and the Tory-right – the purple plot, has begun…

UPDATE: John Redwood offers some thoughts on the vote.


  1. 1
    MAD FRANKIE HADDOCK son of COD says:

    Second ?

    • 11
      Julio Crazyarse says:

      The NotW story has given this horrendous news some deep camoflage. The government set to increase it’s IMF contribution by borrowing more itself and having the money printing press start a little earlier each day. The PIIGS are screwed and unless we start getting a REAL grip on spending we are going to end up borrowing from the IMF money we borrowed to give them in the first place.. Talk about sustainability!

      • 19
        Anonymous says:

        This proves that there is plenty of money and cuts are unnecessary. Looks like Brown handed over a very good economy to the Tory government. If is not the case how can government afford it.

        • 29
          The Magic Roundabout says:

          There is an unlimited supply of money genius, its all borrowed or printed!! I have an unlimited supply too, I just write ’5 pounds’ on sheets of bog roll.

          • Anonymous says:

            Then why cut in UK?

          • The Magic Roundabout says:

            Try going into a shop and buying a loaf with one of my sheets of bog roll and you will find out.

          • Anonymous says:

            The Magic Roundabout says: July 12, 2011 at 9:30 am

            So you mean the government is not giving real money, its giving only your sheets?

          • The Magic Roundabout says:

            “So you mean the government is not giving real money, its giving only your sheets?”

            Yes, the only ‘real money’ is gold, a fiat currency is just that, sheets of paper, their only intrinsic worth is what people ‘think’ they are worth, and at the moment the market thinks the pound is worth a 3rd less than a year ago, if we continue printing it and borrowing it as you suggest and no cuts at all it will drop even further, in Weimar Germany the mark WAS worth less than a sheet of bog roll.

          • sockpuppet #4 says:

            As I’ve often said: Gold isn’t “real money” either.

            True, its value is perhaps more controlled by individuals than governments, but if too many people decide to sell, it stops looking like “real money”, and looks more like a fairly useless metal that’s only value is based on what other people “think it is worth”

          • Anonymous says:

            No cuts at all and not giving money away will be better as what this government has given away is more than cuts. Also money could have been spent in this country not another one.

          • The Magic Roundabout says:

            Golds value (or silver, diamonds etc) is that its worth is not linked to an economy or currency, I would rather have stored Gold then Weimar Deutschmarks.

            That said the way the West is going, petrol, rifles and seeds will be worth the most.

          • Archer Karcher says:

            Perhaps Anonymous might care to look at a more recent example of spend, spend, spend, fiscal incontinence, Zimbabwe.
            Everyone is a billionaire in Bob’s socialist paradise, trouble is a loaf of bread cost’s around three billion Zim dollars.
            Worse, it’s where we are headed unless someone gets a grip on spending.
            Dismal Dave and Gideon, are clearly not up to that particular task, despite the spin and bullshit from the MSM regarding ‘savage cuts’.

        • 38
          Anonymous says:

          Britain faces losses of nearly £43billion if the Italian economy collapses, according figures compiled by the Bank of England.
          The level of exposure was revealed as Eurozone nations met in Brussels amid warnings that the financial contagion is spreading to Europe’s third biggest economy.

          Read more: http://www.dailymail.co.uk/news/article-2013722/Britain-facing-43billion-hit-Italian-economy-collapses.html#ixzz1RsV9GXu6

          • Anonymous says:

            Yeah, and nobody warned them this would ever happen I suppose, and it came a big surprise? Jeez, you can’t tell these kids can you? I’d trust a five year old with a box of matches more than the dumb fuckers who led us into this mess.

        • 93
          Jabba the Cat says:

          Boy, you are thick as fuck if you cannot understand this.

    • 16
      A miss is as good as a mile. says:

      But the reality is, is that the money is going to be handed over. After all those years of a Labour government, the Tory Government is just ONE BIG DISAPPOINTMENT.

      • 30
        Nothing better to do. says:

        Absolutely. The British taxpayer gets stuffed again so Dave and his pals can cosy up to the EU. He’s already planning for the fat cat Brussels job when he gets booted out of No 19.

    • 27
      Traitors-Gate says:

      Kin amazing. Our Politicians are getting into a frenzied state of mass hysteria over something that happened a decade ago. Yet pass on the nod a most vile decision that will put us into debt for years to come .

      Traitors the lot of them.

      • 62
        Anonymous says:

        What’s more 274+246=520, seems some couldn’t be bothered.

      • 96
        Archer Karcher says:

        A year after we got the last gang of looters out of office, it appears the ‘new politics’ of the coalition, is yet more looting.
        We have replaced the Gambino’s with the Lucchese who are acting precisely as the former.

      • 99
        Anonymous says:

        Don’t our laws permit us to execute traitors or has that been abolished?

  2. 2
    Prince says:

    Purple Rain

  3. 3
    La La La la says:

    • 7
      Thorn in Side says:

      Won’t last long. guido always deletes this clip of Redwood making an absolute tit of himself. It ruined Redwood’s chances of political high office.

    • 53
      MrAngry61 says:

      Wasn’t Bliar videoed doing precisely the same thing?

    • 70
      Osama the Nazarene says:

      What a great clip. John clearly was not going to pretend he knew the Welsh langiage but thought the tune was fantastic. You stupid Lieborites just look at the flim flam.

    • 125
      handypara says:

      Compared to Broon’s on camera performances, Redwood is up there with Laurence Olivier.

  4. 4
    Of course says:

    “Nearly thirty Tories rebelled against the government – a  combination of the usual faces as well as a large number of the new intake. ”

    Using the term ‘nearly thirty’ rather than 28 and trying to make out that any portion of ‘nearly thirty’ could be considered a ‘large number’ sounds a little desperate gweedo

    Face facts, the current crop of ‘tories’ don’t deserve the name

  5. 5
    The Guardian says:

    Shut up shut up shut up! Look, we have allegations that someone may have bugged the rooms of Peter Mandelson and Ed Balls while they were crossing swords!

  6. 6
    Of course says:

    “Nearly thirty Tories rebelled against the government – a  combination of the usual faces as well as a large number of the new intake. ”

    Using the term ‘nearly thirty’ rather than 28 and trying to make out that any portion of ‘nearly thirty’ could be considered a ‘large number’ sounds a little desp erate gweeeeedo

    Face facts, the current crop of ‘tories’ don’t deserve the name

    • 107
      Tessa Tickles says:

      Very true. I note Simon “majority of 1,322″ Kirby’s name’s missing from the list of decent people. Yet another reason to vote for any other candidate at the next GE and hand Kirby his well-earned P45.

  7. 8
    Gordon Brown says:

    I was in tears when the Sun announced it was not backing me. I mean how could they do this to us? It was there for everyone to see on the front page. Just ridiculous, some sort of bigoted newspaper. I think it was Rebekah’s idea.

    • 77
      Bad Al says:

      Use the Son against the Sun Gordon, you know it makes sense.

    • 84
      My Real Name says:

      Brown’s false outrage about the Sun publishing a story about his son is a reminder of what a vile operator Brown is.

      He has always been happy to use his family for his own political purposes when it suits him.

      The Sun had the courtesy to inform him they would be publishing, and went to some lengths to get the facts, which is what journalists are supposed to do.

      His late marriage in view of the long-running rumours about his sexuality was of public interest, as was his family, especially in view of the loss of his first child, and even today Sarah happily tweets about what the boys get up to.

      Legitimate story – legitimate public interest – illegitimate whining about it – the revenge of a bitter and twisted mind.

      I wonder how much Brown “cried” as he plotted with McBride to unleash vile smears into the public domain about the health of Cameron’s son?

      • 111
        Empty wallet says:

        At least he turned up in London though, as usual, not for work. I broke down in tears that he is being paid handsomely to do nothing. Expenses and “cleaner” bills too, no doubt. Troughing all the way to the bank. No wonder the country is broke.

        And he cares? No way.

  8. 10
    MAD FRANKIE HADDOCK son of COD says:

    Disgusting how Cameron lied to us yet again
    “no more British taxpayers money for Greece ”
    Then the lying bastard try’s to slip it out through the back door without us noticing
    Totally unacceptable, We are being fleeced and cheated by this liar
    the EU has admitted that it’s likely that Greece will default on payments from the first bailout so the chance of us getting anything back at all is none
    Cameron is so far up Barosso’s arse it’s unreal

  9. 12
    Sophie says:

    Sad day for the Conservative Party.

    Those Heathite tax & waste hoons can no longer hide the fact that the modern Tory Party is a pro Euro / EU party.

    UKIP should ready themselves for a flood of ex-Tories – like me.

    Cameron out.

    • 48
      Hang The Bastards says:

      Cameron has lost my vote ! I sent a letter this morning to the local conservative association withdrawing my membership.

      The Tories no longer look after UK interests. They are following the Labour bandwagon of spend and act big in Europe.

      Fkin Traitors the lot of them… Hang The Bastards !

  10. 13
    MAD FRANKIE HADDOCK son of COD says:

    Disgusting how Cameron lied to us yet again
    “no more British taxpayers money for Greece ”
    Then the lying bastard try’s to slip it out through the back door without us noticing
    Totally unacceptable, We are being fleeced and cheated by this liar
    the EU has admitted that it’s likely that Greece will default on payments from the first bailout so the chance of us getting anything back at all is none
    Cameron is so far up Barosso’s arse it’s unreal

    hello ! Mr moderator ?

  11. 14
    Grammar School Boy says:

    The increase was agreed during Brown’s tenure, it transpires.

    Still, it’s no excuse for passing it.

  12. 17
    Sandra in Accounts says:

    So now we know.

    There are only 29 Conservative MPs in Parliament.

    Continuity Blue Labour out.

  13. 18
    Danny says:

    Absolutely fed up with this sham Conservative Party.

    I want my vote back.

    Camerons big state, high tax and spend policies are an insult to true Tory values.


    • 27
      Axe The Telly Tax says:

      Agreed. I want my fucking country back. Time to decide who governs Britain, an elected government or unelected eurocrats in Brussels.

      Let the people decide!

      In-Out EUSSR referendum NOW!!!!

      • 61
        don't make me laugh says:

        Yeah, we’re doing nowt but keeping another shite, failing socialist experiment going until it’s bitter, inevitable shambles of an end. And they can’t say the thick twats weren’t warned throughout the whole building of this shabby EU fuck up.

        • 109
          Anonymous says:

          Yup,I think I see in the tea leaves a portent of a future European war looming.Wonder if France will let our planes fly from their carriers when we need to defend ourselves? Lady Ashton permitting of course.

          • Postlethwaite says:

            . . . portent of a future European war looming.

            So who is going to fight for us?

            Immigrant Pakistanis? Immigrant Nigerians? Immigrant Iraqis? Immigrant Caribbeans? Immigrant Vietnamese? Immigrant Ethiopians? Immigrant Libyans? Immigrant Sudanese? Immigrant Algerians? Immigrant scum from the arseholes of the world?

            All these people fighting for their cultural diversity eh?
            You must be as barmy as a bag of lights.

  14. 20
    Do not like the idle rich says:

    Tory Boys

    Your banking friends in the “private sector” couldn’t manage a pub and need someone to stump up for running every major bank in the world into bankruptcy.

    No subsidies for coal , steel, industry etc, cos , you see, the market knows best, but huge subsidies for chinless wonders and Tory boy bankers cos, you see erm…

    This is what the IMF is for see please stop moaning. It’s going to your friends.

  15. 21
    Super-gonorrhoea is here says:

    New strain of gonorrhoea that resists all antibiotics could spread quickly


  16. 22
    Axe The Telly Tax says:

    It’s like pouring petrol on a fire or giving an alcoholic another drink in the hopes he’ll sober up.

    In-Out EUSSR Referendum NOW!!!!!!

    Make sure these Heathite traitors pay by backing UKIP and the only real Tory leader Nigel Farage.

    • 102
      Jabba the Cat says:

      “the only real Tory leader Nigel Farage.”

      Lol…he is just another troughing EUSSR MEP…

      • 108
        Archer Karcher says:

        At least Farage has been proved right, consistent and I believe sincere re: all things EUrolalaland. Cameron & Co on the other hand……….

  17. 23
    Selohesra says:

    We apparently had to continuing to plough money into IMF to retain our influence as a big player – why then do those of us who pay more tax not get more influence over the way this country is run than the benefit scroungers and workshy?

    • 112
      Archer Karcher says:

      Big player? For fucks sake we are SKINT! The cum yodelling coalition want to impress everyone with their largesse at our expense, at every opportunity.
      Stop stealing from my children!

  18. 24
    The Magic Roundabout says:

    We borrow the money to pay the Greeks, who borrow the money to pay the banks who lend at interest back to us, who borrow the money to pay to Italy, who are borrowing money to pay to Greece, who pay the banks who lend at interest to us and Italy who lend to Spain to pay the banks who lend at interest to us and Italy and Greece to lend to Spain, who borrow the money at interest to lend to Ireland to pay the banks………………LOL

    • 42
      Burl Ives says:

      • 50
        The Magic Roundabout says:

        This is an apt summary of ECB policy, they will keep going until they need to swallow the world.

    • 100
      scum tories says:

      …..and Ireland uses the money to undercut part of the UK in APD and Corporation Tax

      • 114
        Archer Karcher says:

        There is NOTHING wrong with a low tax economy.
        Taxing people is not a virtue, it is a parasitic exercise, that demotivates creativity, hard work and risk. All things essential in a healthy economy.

  19. 26
    VOTE UKIP says:

    When is Cameron going to crawl out of Downing Street to tell the British taxpayer that this is a great deal for us?

    Unbelievable, absolutely gut wrenchingly absurd and wasteful.

    I wish Labour had won the election now – at least with them we know what to expect.

    Cameron following the same policies as Labour whilst treating the taxpayer and party like idiots is going to bite him in the arse.

    UKIP for me now – the Tories are finished.

    • 35
      The Magic Roundabout says:

      The parties should be renamed EU Commission Area Commissars 1, 2 and 3

    • 36
      Axe The Telly Tax says:

      The Tories can committ suicide if they want, but to take down Britain with them is a wicked and spiteful act. I’ll never vote Tory again. Only thing left is to emigrate before Britain sinks beneath the waves :-(

  20. 31
    from spain says:

    My old man said to me you never achieve any thing in the workplace because
    someone will always be causing trouble and being destructive/negative so get rid and start again.
    So why the fuck didn’t Cameron get rid of the BBC for FFS.

  21. 34
    ACDC1 says:

    Its dark blue and hard red.

    Its the Deep Purple coalition.

  22. 39
    Steve Miliband says:

    Still, at least next quarter growth figures will be good.

  23. 40
    Laird Rev Dr The big yin says:

    Anyone have a list of those that voted for this?

    Such bad news on this glorious twelfth!

  24. 46
    Eamonn U Ensis says:

    I’m getting slightly pissed off with all this BBC hype now…………whilst the media and politicians are besotted by the NewsCor scandal the rest of europe is quietly getting ready to stemroll Osborne into contributing to bailing out Italy…..ok some hacks and plod divulged info…it’s scandalous that they hacked into the voicemails of murder victims/terrorist victims and royals but for Chrissakes they need to get a sense of proportion…and start reporting more importnat matters which will have implications for the whole of the UK economy…who the fuck cares what Coulson told “Dave” or whether “Dave” had Rebekkah around for drinks or whatever fuck else the so called “Chipping Norton Set” do on a weekend ?? …all politicians of every party are up to their necks in arse-licking Murdoch in the past and that includes McIdiot who has taken to the airwaves to give faux outrage and maudlin interview(he obviously couldn’t be arsed to give interviews on more weightier matters) about his kids when he did fuck all about it when he was PM to curtail these alleged activities……

    • 68
      Grammar School Boy says:

      Quite so. Brown was Chancellor / PM when his personal details were supposedly hacked. Is he seriously saying that there was nothing he could or would do to intervene.

      I wouldn’t believe a thing that Brown says.

      A failure in every respect!

      • 74
        Tax Payer says:

        But…..he was breaking up on the sofa this morning?

        Surely he wouldn’t use his family as an excuse for revenge?

        Strange how he’s allowed to say all this without even the most obvious questions being asked about the timing, how it all happened, and what he knew when, etc.

    • 90
      Robin Hood says:

      Absolutely bloody well spot on Eamonn.

      We are fiddling whilst Rome burns and not just metaphorically.
      In this case it’s the stupid self-obsessed media and tittle tattle over phone calls, they will bring this country down to the lowest common denominator of who said what to who and it is just gossip.

      Yes, it was criminal to hack phones, so lock them up without fear or favour and if that is the Crinkly Digger or Red Top Becky just get on with it. And yes the BBC is by far the worst, it is actively looking to find the smallest detail to run this country into the dirt and they can now do it for 24/7. Their action is tantamount to treason half the time & the other half it is simply trash.

      An organisation paid for by a tax should be made to behave in a more responsible and serious way. It should be leading the way and helping to make the UK a better place but it does just the opposite and has done for years. Scrap it now and stop bloody wobbling about Dave; you’re like a fairy with one leg balancing on Lewis Hamilton’s bonnet.

  25. 47
    Albert Hall says:

    Albert Hall said:

    “I bet that Jane Pilgrim is wishing she’d kept her big mouth shut.”

    I’ve now been here about a month, do I win anything else?

    • 92
      Osama the Nazarene says:

      Just the kudos Albie, though Iain Dale may be compiling records of how long people have been the “Comment of the Day”. In which case you’l get even more kudos.

  26. 49
    annette curton says:

    Nearly is not good enough, that now increases our outlay to the IMF to over £20 billion, that’s £20 billion effectively gone for ever out of the UK economy, not to mention the £45 million per day eaten up by the EU, It seems our Politicians still think taxpayers money grows on trees.

  27. 52
    Honest Citizen says:


    The plot thickens

    So Tony Blair covered up criminal hacking for his chum Rupert…

  28. 55
    Tim says:

    Guido, what on earth are you doing focusing on this stuff today? You seem to be letting Brown, labour and the rest of the left wing press get away with the most unbelievable hypocrisy – all supported by the left wing BBC.

    If ever there was a time for the truly independent media to find its voice it now..but you seem strangely subdued on the whole topic?

    Get your finger out and tell the truth about labour and NI to stop the BBC dominating the media for the newxt 20 years!

    • 85
      Anonymous says:

      He has 9 billion reasons. You demonstrate why the tories are now crap.

    • 87
      Osama the Nazarene says:

      Rebecca Brooks (nee Wade) is a red headed witch. She’s bewitched Rupert and now Guido.

      Despite that this is a very important topic. Guido will no doubt get back to Herr Bruin but this vote shows just what opportunists the Liebor party are. They voted for this so that they could spend, spend and spend some more.

  29. 57
    I see no Tories in Parliament says:

    Looks like Clegg is wearing the trousers in the Coalition.

    Whatever he wants he gets.

    Cameron – weak, weak, weak.

    This extra money is an affront to struggling British taxpayers.

    I hate this Coalition.

  30. 60
    Bill Cash says:

    Phone Hacking, pfft.

    One could easily imagine this scenario was orchestrated to distract the tabloid reading general public from the real issues, namely:

    1) The EU is about to collapse
    2) The USA is on the verge of shutting down
    3) The knock on effect will be very severe indeed.
    4) The bankers continue to take profits and convert printed money into hard assets whilst the system burns around them.

    Honestly, who gives a flying f* about BSkyB and it’s merry band of telephone eves-droppers.

    • 65
      don't make me laugh says:

      The BBC/Guardian axis of evil have had their heads up their own arses for fucking decades. No change there.

  31. 64
    Tardkilller says:

    nothing was said about this yesterday on CH despite a post on the suggested threads and one than never made it from myself.

    if people don’t know about this then they can’t lobby their MPs, it wasn’t just the goverment that did this on the QT is it CH!

    Well done Guido for pointing this out, cos I didn’t read it anywhere else.

    9Billion EXTRA, wheres the outrage bus? 9 billion! Thats REAL money, where the hell is it going to come from, and why AGAIN are we having to bail out banks that lend at stupid rates to people who can’t pay or are insolvent.

    This is Fannie Mae and Freddie Mac writ large for the PIIGS and meek con home said nothing.

    Im very dissapointed, this is a crucial political issue not a anti-EU headbanging rant ..sure any thread would attract those types, but this is OUR money being wasted on our behalf.

    Can someone answer me this question

    WHERE has this extra 9 billion come from? is it a lump sum, is it generated over a period of time via taxes … what!?

    • 71
      Axe The Telly Tax says:

      How can call me Dave say that Labour left a note, saying there’s no money left, and then manage to find billions for the EU,IMF,foreign aid etc!!!

  32. 66
    Axe The Telly Tax says:

    All Labour have to do is ditch Milliband and get a new leader who wraps themselves in the Union Jack and it’s a certain Labour victory at the next election.

    Bye bye Tories, you had your chance and blew it.

  33. 67
    Hard-Lazing Voter says:

    Gordoom using this crisis to whitewash his own shitty legacy and pisspoor performance as Premier.

    Honestly, what a bellend.

    • 78
      Axe The Telly Tax says:

      Don’t you get it, this is a diversionary tactic by MPs (traitors) of all parties to deflect attention away from them pissing more of your hard earned money up the fucking wall while whacking up your fuel bills to pay for their eco loonery!!!!

    • 89
      Anonymous says:

      You never lose that huge sense of entitlement, and the idea that nothing is ever your fault apparently. Fucking hell, this thick skulled jock has learnt fuck all!

  34. 72
    I hate Blue Labour says:

    So the VAT rise basically has ended up in the pockets of the EU?

    Well done Osborne.

    I think the current Tory party are about as Conservative as Dennis Skinner.

  35. 76
    Osama the Nazarene says:

    There are going to be 50 fewer seats (should have been 250) going into the next Parliament. Those Tory rebels in the new intake had better watch out. Cams Cosa Nostra side will come to the fore when he’s under pressure.

    • 83
      Axe The Telly Tax says:

      I think it’s Labour MPs who will be worrying about boundary changes.

      • 124
        Osama the Nazarene says:

        You are deluding yourself if you think its only Liebor MPs. There certainly won’t be 50 fewer Liebor seats. That’s what they’d like you to believe.

    • 91
      Anonymous says:

      I hope he will be under tension.

    • 117
      Observer says:

      Conservative voters and activists would rather have one of the 29 than the euro-apologist Kenneth Clarke type.

      The shame is on those who backed sending our taxes to Greece via the IMF while supporting cuts here. That is a question that those MPs should be asked when they open their mouths on any public-spending issue.

  36. 81
    Tony Bliar is a cunt says:

    I must say as each day goes by that fuckin twat camoron is making me look better and better…………….I want my fuckin vote back you BASTARD CALL ME FUCKIN DAVE……..

  37. 82
    Professor Sir Robert Winstons says:

    Excuse me, but we cant afford this, that, or tother to elp with our social cohesions…but we seems to have no end of cash to spend on bailing out filth like the Oirish, dropping bombs on Libya, giving wads of dosh to Pakistani Wahhabis, and funding the Indian fucking space programme

    I mean guys what the fuck guys

  38. 86
    What's up cock says:

    Just goes to show – this bunch of Hunts (government) aren’t fit for purpose!

  39. 88
    What's up cock says:

    I didn’t say Huhnes! – the computer did – I said Knuts!!

  40. 103
    the brave and the gutless says:

    I’d like to read the list of who voted against.
    Anyone know where I should look?

  41. 106
    A Pensioner says:

    So a majority of dopy cun’ts voted to give taxpayers money away never to be seen again. Are they really insane? FFS What is the point of paying tax?

  42. 119
    Tony Bliar is a cunt says:

    I could always sleep at night knowing I didnt vote for that lying Bliar c u n t, but I may have voted for someone much worse………………Never again will i vote tory…………

  43. 120
    FlipC says:

    To be pedantic the increase is from 10,738.50m to 20,155.1m SDR not £; they’re not quite at parity yet.

    Also if you read the resolution 66-2 “No increase in quotas proposed by this Resolution shall become effective until: [...] the Executive Board has determined that members having not less than 70 percent of the total of quotas on November 5, 2010 have consented in writing to the increases in their quotas;”

    So if just over 30% of the stakeholders say no there’s no increase for anyone.

  44. 122
    Will Podmore says:

    We must keep demanding the promised referendum, so that the people of Britain can decide our future, not the discredited caste of professional politicians.
    The EU stops countries devaluing. It forces on them bailouts that don’t work, it drives them deeper into debt holes, then tells them to carry on digging.
    Last year’s bailout of Greece cost 110 billion euros. It failed. This year’s will cost another 120 billion euros. One definition of insanity is to do the same thing and expect a different result. Default is not if but when, and the Greek people have to choose to get out of the euro.
    The government doubles our payments to the International Monetary Fund , not to save Portugal, Greece and Ireland but to save the euro, to save the EU.
    Argentina’s default in 2001 was the biggest in history. “So successful did its default prove (economic growth has since surged …) that many economists were left to ponder why any sovereign debtor ever honours its commitments to foreign bondholders.” So said Niall Ferguson. Default is good for us.

    Again, the City of London’s tame journal City A.M. said, “the Icelandics couldn’t afford to bail out their bondholders – so they put their taxpayers first, only guaranteed the deposits of their own citizens and allowed everything else to go bust in 2008. It was painful – especially for foreign customers of their banks, including in the UK – … but in the end it has worked for Iceland. Sometimes it makes sense to give up and move on.” At the time, City A.M. screamed that it was the end of civilisation as we know it.

  45. 123
    Anonymous says:

    Labour MP’S who did not turn up to vote against this further “give-away”, should publish the reason for their absence and failure to represent the majority of their constituents

  46. 126
    Crooked Dave says:

    Can we have a list of the Hunts that voted for it?

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Guido-hot-button (1) Guido-hot-button (1)

A confused Nick Griffin says Nigel Farage is a shill for the City, forgetting that City banks want to stay in the EU:

“Farage is a snake oil salesman, but a very good one. His supposed anti-immigration stance is all smoke and mirrors, as is his carefully cultivated image as a ‘man of the people’. The truth is that UKIP is a pro-immigration party that exists to lobby for the interests of the City of London.”

Alexrod says:

It’s money innit.

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