Times.
Alistair Darling has denied that Britain is helping to prop up the euro after he agreed to a €750 billion (£650 billion) EU and International Monetary Fund rescue fund to shore up troubled eurozone economies.This is exactly why we should have had a referendum on Lisbon and this is exactly why we should have an in/out referendum on the EU as soon as possible. We're in the middle of a crippling economic downturn ourselves owing to the economic incompetence of Gordon Brown and we're still handing over cash to the EU despite the fact that the government is spending up to a third more than it's actually taking in! This has got to stop!After a marathon 11-hour session of talks ministers settled on the package that they hoped would be big enough to prevent Greece's debt crisis from spreading.Under the three-year aid plan the EU Commission will make €60 billion available while countries from the 16-nation eurozone would promise backing for €440 billion. The IMF would contribute an additional sum of at least half of the EU's total contribution, or €250 billion.Britain's involvement in the bailout could cost taxpayers £15 billion. The country was already exposed to a potential £7 billion cost under the original scheme and its ultimate liability under the enhanced plan will be a further £8 billion, Treasury officials say.
But he's going to do it anyway.The Chancellor told the BBC's Today programme that there was "no way that non-eurozone countries should be asked to underwrite the currency".
He said: "It is a good deal for Europe and we have minimised our exposure and that is a very, very important feature of what I managed to agree last night.”But not a good deal for the UK, not that he cares, it's not like he has to face the wrath of the nation for doing it, the next government will have to do that whoever they are.
It has been noted that Lisbon is up for re-ratification, it has been said that we should take this opportunity to have a referendum on it. Unfortunately the ones saying it aren't in a position of power to deliver this and Cameron looks very much like he'll stick to form and pretend the EU doesn't exist, at least as far as the general public are concerned.
Can we just leave? Now?
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