Treasury Denies Secret Eurozone Contingency Planning
Revokes “Trading With Enemy” Legislation Without Debate

The Treasury has denied to Guido that a discreet Statutory Instrument is part of a secret contingency plan preparing for the potential collapse of the European Central Bank. At the end of May the government rushed through an order revoking the 1939 Trading with the Enemy Act, which prevented the UK from trading so-called Negotiable Instruments with former enemies – including former enemy Axis powers. The Act will now allow the UK to trade complex debt packages directly with EU countries, effectively allowing us to directly provide bailouts for European states unable to repay the money they owe to their British counterparts. Greece and Italy are on the list of countries that have now had their enemy status revoked for the purposes of dealing in their government’s debt paper.

The S.I. was slipped through quietly just before the Jubilee break at the end of May. Senior Treasury sources ignored our questions for weeks, until finally a junior press spokesman then directed Guido to Vince Cable’s  BIS. When Guido pointed out it was clearly a Treasury initiated Statutory Instrument they tried to play down the impact of the order, insisting that the existing legislation was obsolete and that it was simply an attempt to clean up the statute book. Yet with the Eurozone entering a new critical phase of financial crisis, the timing seems more than a coincidence…



Tip offs: 0709 284 0531
team@Order-order.com

GuidoFawkes Quote of the Day

Labour candidate Clive Lewis tells the Staggers:

“I mean, in the multiverse there’s still three universes in a hundred where there’s a Green MP in Norwich, so anything could happen. I could be caught with my pants down behind a goat with Ed Miliband at the other end – well, hopefully that won’t happen.”

Top Posts This Week

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.

Facebook

US GOVERNMENT ASKED LYNTON TO SPIN FOR OBAMA US GOVERNMENT ASKED LYNTON TO SPIN FOR OBAMA
LEAKED GOPRO FOOTAGE OF SPACEX ROCKET CRASH LANDING LEAKED GOPRO FOOTAGE OF SPACEX ROCKET CRASH LANDING
NEW STAR WARS TRAILER NEW STAR WARS TRAILER
A PPB From the ‘Cannabis is Safter Than Alcohol’ Party A PPB From the ‘Cannabis is Safter Than Alcohol’ Party
EX MP’S COMPANY BLEW THROUGH PUBLIC CASH EX MP’S COMPANY BLEW THROUGH PUBLIC CASH
POLL FINDS GREEN VOTERS PREFER TAKING LONG HAUL FLIGHTS POLL FINDS GREEN VOTERS PREFER TAKING LONG HAUL FLIGHTS

UKIP’s Favourite Journalist Reads Angry Tweets UKIP’s Favourite Journalist Reads Angry Tweets
UKIP in Scots are Nazis Slur UKIP in Scots are Nazis Slur
Lord Janner Demanded Prosecution of Elderly Criminal Lord Janner Demanded Prosecution of Elderly Criminal
EU ATTACKS GOOGLE FOR BEING SUCCESSFUL EU ATTACKS GOOGLE FOR BEING SUCCESSFUL
Labour’s Queen of Hypocrisy Labour’s Queen of Hypocrisy
GREEN ON GREEN FRACKING DEATHMATCH GREEN ON GREEN FRACKING DEATHMATCH
STAGGERS WEBSITE IN TURKISH HOOKERS HACK STAGGERS WEBSITE IN TURKISH HOOKERS HACK
Ed Gets Punk’d Ed Gets Punk’d
Did Ed Eat His Bogies? Did Ed Eat His Bogies?
MARIO DRAGHI ATTACKED AT NEWS CONFERENCE MARIO DRAGHI ATTACKED AT NEWS CONFERENCE
“Dr” Eoin Clarke Strikes Again “Dr” Eoin Clarke Strikes Again
Labour Manifesto Author Backs Tory Right-to-Buy Policy Labour Manifesto Author Backs Tory Right-to-Buy Policy
#Pray4UKIP #Pray4UKIP