Monday, 07 November 2011 08:12 'Why should we want to? Why, at a time of austerity at home, should we aim to spend billions of pounds to support a currency which we didn't join? Already, Britain is on the hook for £12.5 billion in the eurozone bailouts – a sum equivalent to £500 for every household in the land. Now, it is being seriously proposed that we massively increase that liability through the International Monetary Fund, which these days acts wholly as an adjunct of the EU. At the risk of becoming a bore - why? 'We were founder members of the IMF,' say government spokesmen. Yup. We were also founder members of the Spanish Civil War Non-Intervention Committee. Your point is…? 'The success of the eurozone is in our interests,' they go on. Indeed, and it is now clear that the survival of the euro and the prosperity of its constituent members are contradictory goals. We are being asked, in effect, to pay for the privilege of impoverishing our neighbours.' Read more: Britain is Sent the Bill to Prop Up a Currency it Didn't Join
Monday, 7 November 2011
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