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

Ed Conway asks Yanis Varoufakis if he has been sacrificed:

“No this is politics, mate. There are no sacrificial lambs”

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

KEN CRIES LISTENING TO HIS MOVING 7/7 SPEECH KEN CRIES LISTENING TO HIS MOVING 7/7 SPEECH
NOT SO SMART, METER NOT SO SMART, METER
MANDELSON: VOTE LIZ OR LOSE MANDELSON: VOTE LIZ OR LOSE
Cooper and Kendall in Bitter ‘Parent’ Row Cooper and Kendall in Bitter ‘Parent’ Row
WARM WHITE WHINE: HORRORS OF LONDON’S GREEN LUVVIE CIRCUIT REVEALED WARM WHITE WHINE: HORRORS OF LONDON’S GREEN LUVVIE CIRCUIT REVEALED
Watch: Osborne v Corbyn Watch: Osborne v Corbyn

Jet-Setting Green Leader Jet-Setting Green Leader
Leftie Living Wage Hypocrisy Leftie Living Wage Hypocrisy
ITALIAN TECH COMPANY SOLD SPY SOFTWARE TO REPRESSIVE REGIMES ITALIAN TECH COMPANY SOLD SPY SOFTWARE TO REPRESSIVE REGIMES
Sweet FA: Outrage Bus Special Sweet FA: Outrage Bus Special
Sajid Javid’s Condom Gag Sajid Javid’s Condom Gag
Zac or Syed? Zac or Syed?
Angela Merkel, Your Boys Took One Helluva Beating Angela Merkel, Your Boys Took One Helluva Beating
Le Projet Européen est terminé Le Projet Européen est terminé
BBC News Channel Set to Go BBC News Channel Set to Go
Labour Candidate: Repatriating Tunisia Victims is ‘Imperialist Militarisation’ Labour Candidate: Repatriating Tunisia Victims is ‘Imperialist Militarisation’
Tory MP’s House Husband on Public Payroll Tory MP’s House Husband on Public Payroll
Corbyn Blames Tunisia Terror on “Austerity” Corbyn Blames Tunisia Terror on “Austerity”
Norwich MP’s Brilliant Accidental Partridge Norwich MP’s Brilliant Accidental Partridge