October 28th, 2011

Quote of the Day

George Osborne told MPs…

“Britain will not be putting money into the bail-out fund either directly or through the IMF…. The IMF exists to support countries, it does not exist to support currencies… The IMF contributing money to the eurozone bail-out fund, no; Britain contributing money to the eurozone bail-out fund, no. That is Britain’s clear position.”


11 Comments

  1. 1
    Billy Bowden is the greatest umpire ever ! says:

    Doubt it.

    Like

  2. 2
    Lord Envious of Avarice says:

    So George says it won’t happen?
    Looks like it will then!

    Like

  3. 3
    the last quango in paris says:

    I do so hope for his and the Conservatives sake that he’s right.

    PS – I would have changed every no for ‘non’ for Sarkozy’s sake :)

    Like

  4. 4
    Cynicalvoter says:

    The sunrises in the East politicians lie. When the people get their referendum vote the EU can get all their dictats back foc

    Like

  5. 5

    Hi Guys

    The place to check whether the Chancellor is true to his word is the European Financial Stability Mechanism or EFSM. The reason for this is two fold. Firstly we are around 13.5% of it and secondly in a not well known fact it has been “overdeployed” to help Portugal and Ireland.

    So 48 billion Euros (last time I checked) has been promised in loans to Ireland and Portugal out of a maximum 60 billion.

    The reason why it has been “overdeployed”? Easy. The “shock and awe” rescue vehicle called the EFSF has not been ready for action and so the EFSM has been used as it can be. you may have spotted that it has meant that the UK has paid more than it should have done.

    Like

  6. 6
    Lord Lavender et al. says:

    Oh no. Britain’s clear position is more bent at the middle with no trousers on.

    Like

  7. 7
    Thom says:

    Which is unfortunately bunkum; all it will mean is more money extorted for EU activities whilst they shore up
    French banks.

    Like

  8. 8
    Gary Jones says:

    Did we help bail out Eire? Are any British banks in line to take a Greek haircut? How can you stop our contribution to the IMF not going to the Euro bailout?

    Like

  9. 9
    George Osborne says:

    Do I know what I’m talking about, no.

    Like

  10. 10
    Steve M says:

    Shaun is spot on.

    http://www.dailymail.co.uk/news/article-2003709/UK-increases-IMF-contribution-9bn-Euro-bailout-soars-22bn.html

    The IMF is slated to contribute 30% to bailing out the eurotrash.

    I can’t help but feel that we are propping up something of Zimbabwean ghastliness, via the back door.

    Like

  11. 11
    Molly Bennett says:

    Hang on !!!! Britain contribute to the bail out fund—answer no! Britain contributes to the IMF!!! which is the main source of the bail out fund to all eu countries , do they seriously think we are all nerds.

    Like


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