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!

    Like

    • 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.

      Like

    • 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!

      Like

      • 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!

        Like

      • 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.

        Like

    • 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.

      Like

    • 35
      John Bull says:

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

      Like

    • 43
      M says:

      Naked terrorism , the worst kind

      Like

    • 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.

      Like

  2. 2
    Ha hah says:

    ‘Argument’ you wasters.

    Like

  3. 3

    What’s an arguement?

    Like

  4. 4
    God says:

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

    Like

    • 8
      Cereal bowl says:

      You must be on crack.

      Like

    • 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?

      Like

      • 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.

        Like

  5. 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?

    Like

    • 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.

      Like

  6. 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.

    Like

    • 20
      Cynical-old-bag says:

      There’s always the shirt off your back.

      They’ll take that, too.

      Like

    • 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?

      Like

    • 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).

      Like

  7. 17

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

    Like

  8. 19
    Aleks Orlov says:

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

    Like

  9. 22
    Chicken Little says:

    A naked man running around Smith Square….?

    Whaaaaaaaaaaaaaaaaaaaaaaa!

    Like

  10. 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….

    Like

    • 83
      Pansy Potter says:

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

      Like

  11. 24
    Loungelizard says:

    This smells like a very sophisticated Ponzi scheme to me.

    Like

  12. 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.

    Like

  13. 36
    Nad is Mad says:

    Like

  14. 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.

    Like

  15. 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.

    Like

    • 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

      Like

      • 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.

        Like

      • 91
        Gobbets Raw says:

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

        Like

    • 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?

      Like

  16. 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.

    Like

  17. 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!

    Like

  18. 53
    Georgie Porgie says:

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

    Like

  19. 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.

    Like

    • 62
      Tripel A's All Round says:

      Credit Ratings For Dosh..

      Like

    • 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.

      Like

  20. 58
    I don't need no doctor says:

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

    Like

  21. 71
    The underclass says:

    Like

    • 73
      I Remember You Hoo says:

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

      Like

    • 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?

      Like

  22. 74
    Raving Loon says:

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

    Like

    • 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.

      Like

  23. 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!

    Like

    • 78
      Reason says:

      Fucking Diane Abbott, what a prick.

      Like

    • 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.)

      Like

  24. 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.

    Like

  25. 82
    Edward B says:

    When was a loan TO the IMF ever repaid?

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

    Like

  26. 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?

    Like


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Boris on his fellow Islingtonista Emily Thornberry:

“It was an entirely run-of-the-mill English townscape, with some straightforward words to go with it. There was no obvious insult, no abuse, no overt sneering. She might have got away with it entirely, had some alert blogger not spotted it. He instantly detected the coded message that Emily Thornberry was sending to all her right-on, bien-pensant, Labour-luvvie friends in Islington, or wherever else it is that they follow her on Twitter.”



Left on Left says:

The lefties are attacking because the panellist is a millionaire and lives in a London home worth upwards of two million. Someone had best tell them he’s called Ed Miliband.


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