Labour's Gordon Brown signed the Lisbon Treaty in contemptuous defiance of the known will of the British people.
Remember the Labour government and their international socialist EU friends assuring us that Lisbon meant 'no fundamental changes'?
Lies. Lisbon makes compulsory what used to be illegal.
Well, now their 'mere tidying-up measure' is about to send Britain an invoice for £8 billion (and rising) which, because of Labour's profligacy, we will be forced to borrow, just when we are about to make unprecedented sacrifices in our own own country in order to cut our debt.
Thus we see the poisonous consequences Labour's economic incontinence and treacherous foreign policy.
British exposure to liabilities created by a bail-out under the scheme would amount to around 10 per cent of the total loan. If a country failed to repay, the cost to Britain would be €10 billion (£8.6 billion) for every €100 billion on which it defaulted. The scheme will present an immediate dilemma for an incoming Conservative government. A bail-out would increase British liabilities and debt at a time when Mr Cameron would be seeking to restrain spending. [...] Mats Persson, the director of Open Europe, said that while euro zone stability was in Britain’s interests, the bailout deal was not.
"This latest move could make British taxpayers liable for the debts of governments over which they have no democratic control - to the tune of billions of pounds," he said.
"A British government, of whatever persuasion, must really consider whether it should take part in centralised EU borrowing on this scale, not least since such facilities were always considered illegal under the EU treaties and wholly undemocratic." - Telegraph
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