British taxpayers ordered to bail out euro
Britain faces paying out billions of pounds under a European Union deal intended to prevent another financial crisis like the one in Greece.
That is the headline to this article
When did we join the Euro?
We still have the Pound, so why is Britain helping to bail out Greece?
The reason is we were signed up to the European Constitution, oh sorry, the Lisbon Treaty by an unelected Prime Minister.
When Gordon Brown signed the treaty we lost the veto.
An extract from the article.
“When the markets reopen Monday we will have in place a mechanism to defend the euro,” said President Sarkozy yesterday. “This is a full-scale mobilisation.”
Euro-zone leaders are attempting to get round objections from countries such as Britain by invoking Article 122 of the Lisbon Treaty, intended to enable a collective response to natural disasters. This does not need unanimous agreement.
Sounds like a dictatorship to me..
By doing so, Mr Sarkozy has ensured a speedy confrontation with a new British prime minister and other leaders of non-euro currency countries. All 27 EU finance ministers must be present, but because decision will be taken by qualified majority vote, the 16 euro zone leaders can ensure its passage.
This is another example of how much power the EU has over the UK.
We didn't sign up to the Euro, so why should the British Tax payer help to bail it out. Any how, we haven't got any money left.