February 2nd, 2012

Tory Whips Pushing IMF Bailout Arguments

Guido hears whispers that any extra cash to the IMF is unlikely to be pledged before April, which means he could well be running around Smith Square naked on St Paddy’s Day as promised. A man of his word…

That hasn’t stopped the Tory whips preparing the troops for the potential vote though. Yesterday the chairman of the Treasury Select Committee Andrew Tyrie wrote in the Wall Street Journal:

“Some have been arguing that the U.K. should stand aside from any increase in IMF resources and let the euro zone stew in its own juice. That would be a mistake—the cost to the U.K. would be high. Instead, Britain should respond to the IMF’s own conclusion that it has financing needs of an additional $500 billion in coming years by agreeing to our share of a global loan.”

He lays out the argument for more borrowed bail-outs and Tory whips are circulating the piece, clearly trying to soften the ground. With a large chunk of the Tory backbenches loathed to contribute more money, coupled with the prospect of Labour opposing it too, it’s going to take more than the odd article and email to win this one.


94 Comments

  1. 1
    Taxpayer says:

    NO MORE OF MY MONEY TO IMF OR EU.

    ENOUGH!

  2. 2
    Ha hah says:

    ‘Argument’ you wasters.

  3. 3

    What’s an arguement?

  4. 4
    God says:

    If it helps the markets, I’m for it!!

  5. 5
    smoggie says:

    European spelling.

  6. 6
    Aaron D Highside says:

    What’s an arguement? A quorrel between Labour voters.

  7. 7
  8. 8
    Cereal bowl says:

    You must be on crack.

  9. 9
    Cereal bowl says:

    … or craic.

  10. 10
    sockpuppet #4 says:

    Which guido made the promise?

    If it was old-guido will he make a staff-guido do it for him?

  11. 11
    Confused reader. says:

    This question does need a answer.

  12. 12
    Give Us Balc Our Money says:

    Why do people have so little ambition. I want the EU to repay all the money paid to it since the last set of accounts were signed off. If they can’t prove what they have done with our money has been legal, they should be paying it all back.

  13. 13
    Cynical-old-bag says:

    The UK may be in the E*rozone, but it isn’t in the E*ro.

    Should the UK prop up a currency of which they are not a part?

  14. 14
    Anonymous says:

    an argument on e

  15. 15
    Rinka Scott says:

    I have got no more money.

    If I have got no more money then you have nothing more to take off me.

    If you take nothing off me then you have nothing to lend anyone else.

    BUT

    if you lend me £10

    I could lend you £5

    Then you could lend that £5 to the IMF

    Perhaps you could go and find £10 to give me before you ask me for money because as I said at the very beginning I have no money to give you.

  16. 16
    Little Dictator Dave says:

    Who do you think YOU are to tell ME what to do?

    This country was Blair’s, now it’s mine. Mine! MINE!

    Mwa-ha ha ha ha ha ha haaaa!

  17. 17

    Too big to fail? Where have I heard that before?

  18. 18
    Ever hopeful says:

    Perhaps they could outsource the job to Keira Knightley.

  19. 19
    Aleks Orlov says:

    I went to Compare The Meerkel. There’s no money left. Simples!

  20. 20
    Cynical-old-bag says:

    There’s always the shirt off your back.

    They’ll take that, too.

  21. 21
    Mr. Picky-Picky says:

    “Loath”– no “ed” at the end, whilst you’re at it.

    http://education.yahoo.com/reference/dictionary/entry/loath

    Come to think of it, no “Ed” at all would be even better.

  22. 22
    Chicken Little says:

    A naked man running around Smith Square….?

    Whaaaaaaaaaaaaaaaaaaaaaaa!

  23. 23
    bergen says:

    I remember when we once had to go cap-in- hand to the IMF for a sub and so ,if it wasn’t for that pro-Euro French bird being in charge, I don’t think I’d object.

    But she is….

  24. 24
    Loungelizard says:

    This smells like a very sophisticated Ponzi scheme to me.

  25. 25
    'Gypsy' Dave Cooper says:

    What is going with Huhne?

    The CPS are dragging their heels which makes me think the lying gobshite will get off.

  26. 26
    African Prince says:

    I have 5 billion dollars in my late father’s bank account waiting to be transferred. With your bank details and PIN number you can have half of it, or some rare talking lions. Sound good?

  27. 27
    Anonymous says:

    Agreed.

    Their argument that it would be bad for us is like a drug dealer lending money to his addict customer.
    You can do that for a short while, but unless they get over it they aren’t going to be your customer much longer.
    I don’t see the EU heading for rehab.

  28. 28
    nellnewman says:

    Makes you laugh. starmer of the CPS said of huhne’s case ‘ this matter will be speedily resolved’

    This case alone has made the CPS a laughing stock. Italian justice would be quicker and that takes years.

  29. 29
  30. 30
    Anonymous says:

    No it shouldn’t, but it will. You see, against everybody’s better judgement the fuckwit members of the EU decided to go ahead and create their very own Frankenstein’s monster of a single currency. Warnings there were a plenty about having the same interest rates for widely diverging economies, but the idiots still went ahead and did it. The sickest joke of all is that those very same tosspots who were the architects of this unmitigated disaster, are now replacing the elected representatives of the most debt ridden basket cases at the head of government. Let’s hope they’re still in place when the revolting peasents dust off their pitchforks.

  31. 31
    Anonymous says:

    Maybe waiting for a big news day to sneak it in just before the weather forecast.

  32. 32
    Spartacus says:

    @Rinka Scott

    heard it before, but it sums up perfectly the situation

    (except when applied to a bank where you have to include the compound interest bit – bank of england lends at 0.5 pct and you borrow from the bank at 5.0 pct).

  33. 33
    Spartacus says:

    if you pay peanuts all you get is monkeys

    (does not apply to heads of banks)

  34. 34
    Spartacus says:

    who is this poncy?
    sounds foreign.
    oh something to do with the w0gs maybe?

  35. 35
    John Bull says:

    Why should we bail out the Euro zone? That’s Germany’s job, not ours.

  36. 36
    Nad is Mad says:

  37. 37
    Passing thought says:

    Perhaps – one lives in hope – it will (should) be a “photoshopped” version of whomsoever does the sprint?

  38. 38
    Bystander #4 - says:

    Dave – you are as thick as shit, – and nowhere near as useful!

    Go and plant a windmill somewhere in your garden you tosser!

  39. 39
    Desperate Dan says:

    Witchhunt alert
    All people working on short-term contracts who get their salaries paid into their own companies must be publicly humiliated and hounded from their jobs. Goodbye John Humphries. Goodbye Jeremy Paxman. Goodbye Emily Mailis. Goodbye Kirsty Wark. Goodbye all high profile presenters, reporters and correspondents.

  40. 40
    Bystander #4 - says:

    With you there John Bull, – but only after we’ve got all our own back!

  41. 41
    Bystander #4 - says:

    Think you the ‘alternative’ Italian justice, originating in Sicily, would take so long?

  42. 42
    I Remember You Hoo says:

    Look at the numbers, the Euro is unsavable. So will we be if the madness does not stop soon. The Eurozone should sort out it’s self inflicted mess, let the PIIGS out of the Eurozone and return to their old currencies.

  43. 43
    M says:

    Naked terrorism , the worst kind

  44. 44
    Johnny says says:

    We keep hearing rhetoric by our media and politicians about the rise of the BRICS countries. At some point either they’ll have to admit they are talking bullshit or let one or more of the BRICS buy their seats at the top table in the IMF, displacing us.

    They’ve got us into a bidding war with a phantom.

  45. 45
    My Lord Mandlescum of FFartinpool and Flondleboyz says:

    Poncy? Where?

  46. 46

    Strip them of their future knighthoods!

  47. 47
    I Remember You Hoo says:

    Yeah, lending more money to a country that is in financial meltdown and can’t pay back what it already owes, is really, really clever economics.

    Maybe they will pay us back with pixie dust, or unicorn rainbows?

  48. 48
    Joss Taskin says:

    I presume you’re referring to Ed Balls, not Ed Milibandwagon ? #DUEMA

  49. 49
    Cressida's Dick says:

    We were warned not to trust Camoron, we should have listened. He’s more worried about the limpdumbs than his own supporters. Surely the 1922 backbenchers have got to make their move shortly or they’ll be proved to be as spineless as the alleged leader.

  50. 50
    Taxfodder says:

    “any extra cash to the IMF is unlikely to be pledged before April”

    So I take it Osbourne is hoping a few tax pence worth of comfort thrown to the mob on budget day will distract them long enough to enable stuffing more tax billions into the pockets of the wastrels in Europe in the vain hope his mates won’t lose their shirts.

    The connection I am making is that the Euro could go TiT’s up well before April.

    I would indeed spend a few bob of my savings that day, mostly on a celebratory piss up, cheers!

  51. 51
    T.B£iar - the People's Messiah says:

    Taxes are for little people.

  52. 52
    Tachybaptus says:

    A large chunk of the Tory backbenches may be loathed, but they aren’t loathed nearly as much as the spineless wonders on the front bench.

  53. 53
    Georgie Porgie says:

    George’s place at the top table is too expensive. Let him eat in the kitchen from now on.

  54. 54
    The BBC are cunts says:

    McNulty – we’re really scraping the bottom of the barrel now.

  55. 55
    Fuck Osborne says:

    So Osborne has told Christine Madeleine Odette Lagarde that he will cough up more dosh. That is very naughty of George he has to get the permission of the British parliament first, this is not communist Europe, this is democratic Britain. And we don’t want to subsidise the Eurozone, fuck Mercedes, fuck Siemens.

  56. 56
    AC1 says:

    But the people who own the party system will have to go without champagne and caviar for breakfast.

    They need that money more than taxpayers who earned it do.

  57. 57
    AC1 says:

    Worse than that…

    Bank borrows at effective 0% lends it back to the Central Bank at 0.5% interest.

  58. 58
    I don't need no doctor says:

    One of those Eagle sisters is on the DP Show. Never realised they are midgets.

  59. 59
    AC1 says:

    sophisticated?

    Monkeys on typewriters could consistently come up with better ideas.

  60. 60
    I don't need no doctor says:

    I have the DP show asking them to ask him about his expense claims. I bet my email is in the waste bin already.

  61. 61
    Go Dave says:

    Don’t forget Brazil is supporting Argentina and refusing to allow ships and planes from replenishing the Falklands.

    Dave and his Euro liberal government is a disgrace

  62. 62
    Tripel A's All Round says:

    Credit Ratings For Dosh..

  63. 63
    I don't need no doctor says:

    McNulty has fucked off, bollocks.

  64. 64
    The Bright side of life. says:

    On the positive side. As committed Lezers they are the last of the Eagle gene pool.

  65. 65
    AC1 says:

    Mercedes and Seimens are fine, they’ve got lots of sales to Greece, Italy and Spain (admittedly on credit)…

    Oh they’re fooked aren’t they.

    Basically the German economy is the biggest ponzi, which is why they need the Euro to keep it under-cover.

  66. 66
    I don't need no doctor says:

    They had no choice when it came to being lesbos.

  67. 67
    Ah! Monika says:

    Italian Justice is rapid compare with Indian . Some cases can drag on for decades.
    Minimum of 5 years with bribes.

  68. 68
    Ah! Monika says:

    A I D ?

  69. 69
    Joss Ayinglike says:

    Soap dodgers too.

  70. 70
    I Remember You Hoo says:

    Liberal?

    If only, nah, it’s a statist, redistributionist, Keynesyian, corporatist, elitist, welfarist, dependence junky, uber malignant, nannying, socialist government, dressed in high quality suits.

    New Labour born again, with the Nick ‘n’ Dave bullshit brothers.

  71. 71
    The underclass says:

  72. 72
    Loungelizard says:

    Steady on Bill….howlin mob and all that…Doesn’t do to give em too much red meat!

  73. 73
    I Remember You Hoo says:

    Education, education, education! What a socialist success story, that was.

  74. 74
    Raving Loon says:

    Can we not just leave the IMF, or is that not allowed?

  75. 75
    Atheist says:

    I do find it very ironic that black christian women whose lives revolve around jesus and going to church tend to be the most aggressive and unpleasant people you can meet. They seem unaware of the contradiction in constantly bleating about the so-called teachings of jesus but never actually displaying any of those virtues in practice. Just recently on a bus I witnessed an elderly white woman get on with some bags. She put them in the area you can put luggage and went to make space by moving a couple of other bags that were there. At the back of the bus a black woman started yelling at the top of her voice at the woman to leave her fish alone. The poor old woman meekly apologised several times but the devout christian kept shouting at her. After the woman went upstairs, the black woman and her friend laughed about how the woman had dared to touch her things. Lord ‘a’ mercy! Ríce and da peá and da fish!

  76. 76
    Anonymous says:

    In other words, daylight robbery.

  77. 77
    Pawn Sandwich says:

    There is only one problem with leaving the IMF. We have used them on previous ocassions to bail us out after the Labour party had ruined the economy.

    When Gordon Brown looks back at his Labour predecessors he is in good company. EVERY time the Labour party left office they left a ruined economy.

    30% of people in this country are dyed in the wool labour supporters and we WILL need the IMF in future as some form of protection against their stupidity.

  78. 78
    Reason says:

    Fucking Diane Abbott, what a prick.

  79. 79
    Reason says:

    And yet it’s still an improvement on the last lot.

    You’ve got to start somewhere, things can only get better, etc, etc….

  80. 80
    Penfold says:

    You’ll be save guido.

    U.S., China, russia have all said that the IMF is not to be used for a political bail-out of the Euro, which is the job of the EU.
    They have all said that they will not support any cash call and will veto such.
    Recollect that this bail-out crap re the IMF has been driven by Lagarde, who is French and part of the old guard pro-EU and pro-Euro gang.

    Let the Euro and the EU stew.

  81. 81
    Spartacus says:

    er, . . my mortgage (from a bank) is over 5.0 pct.

  82. 82
    Edward B says:

    When was a loan TO the IMF ever repaid?

    Aren’t these “loans” really “donations”?

  83. 83
    Pansy Potter says:

    True – also on Labour’s watch as I recall. The pound in your pocket has not been devalued etc ….

  84. 84
    Algae Non says:

    Oh look up there ^^^ it’s a De Havilland Porker 1942.

  85. 85
    Move down inside says:

    That’s what happens when no taxi dr.. er..um.. operative will stop for you!

  86. 86
    Anonymous says:

    I don’t know why the Christian woman had so much fish she needed to offload it into the luggage bay.

    Surely all she needed to have done was buy a single fish, take that home, chant a few words and – voila! – enough fish to feed the whole street.

    Works with bread, too, so I hear…

    (The Bank of England calls it quantitative easing.)

  87. 87
    The Golem says:

    If miracle day does come perhaps pixie dust would be fun, although knowing our luck I doubt we’ll see it before an increase in the chocolate ration.

  88. 88
    The Golem says:

    I don’t think you’ve missed anything, YooHoo.

  89. 89
    NelsonsGoodeye says:

    How is the latest in/out Euro referendum doing? What are the latest figures and when can we expect it to be debated in parliament again?

  90. 90
    Sylvio says:

    Well, actyally , an argument with an e

  91. 91
    Gobbets Raw says:

    …and don’t forget we are still giving foreign aid to Brazil, the 6th. biggest economy in the world.

  92. 92
    NelsonsGoodeye says:

    Number of signatures:
    8,558

    WHAT’S WRONG WITH YOU PEOPLE? WE NEED 100,000!

    SIGN THIS, FFS!

  93. 93
    Rajastani says:

    44 Johnny. I have been saying the very same thing for many a yonk, especially so in the case of India. How can a country even be considered a world power when, what 80%?, of it’s people are living below the poverty line?

  94. 94
    Archie says:

    I don’t know which is worst, the participants, the studio audience or the cupid stunts who watch it at home! And you mean to say somebody fucked that?


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