Britain may be forced to bail out Greece

Words fail me... If this goes ahead, people should be taking to the streets in their millions over it!

DAILY TELEGRAPH, 10 Feb 2010: Britain could be forced to help bail-out some of Europe’s crisis-hit economies with tens of billions of pounds, it is feared. (Britain contributes 20 per cent of the EU budget.)

Gordon Brown is under mounting pressure from MPs on all sides to ensure that only eurozone countries contribute to a bail-out of Greece, whose economy is teetering on the brink of collapse.

The Prime Minister will this morning arrive in Brussels for a crucial European leaders’ summit amid fears that the UK could get dragged into a full European Union bail out plan.

Downing Street, however, insisted that the focus of responsibility should fall on the eurozone countries and, failing that, a G20 group of leading nations solution.

Last night European officials were involved in furious efforts to try and complete a €20 billion rescue package, designed to halt the looming crisis in Greece before it spreads to other countries. France and Germany were at the forefront of the eurozone negotiations.

However, Mr Brown – when challenged in the Commons over Britain’s position – was unable to rule out Britain’s involvement in a a Greek rescue package.

Link to full article [external site]

.

Also, an article by a financial commentator on the same subject click here [external site]

.
And an interesting business site’s view on the Euro and the Rise of Nationalism across Europe [external site]

Spare us the balloon slogans about freedom, identity, democracy and security…

Excellent 2006 article by Frank Kimbal Johnson reposted recently on the Guarding the Old Flag blog.

BLOGOSPHERE, 28 Dec 2009: There are ‘mostly other directed’ and ‘mostly inner directed’ people, and any amount of research has shown that the latter are quite a small minority of the population at any given time. There is a kind of social magnetism which draws people into ‘going with the flow’, as in crowd behaviour at outdoor and indoor events. On such occasions personal perceptions and judgement are usually submerged in the collective response. Hence the old Spanish saying that shepherds may change, but sheep remain sheep. But however rugged one’s individuality, the fact is we are all social animals and therefore obliged to take some interest in the way our society is governed. Neglect of this responsibility leaves the field open to career politicians with the ingrained conceit that they know best what everybody else should be doing and what matters most in the world. They like to call this megalomania ‘leadership’, when all it usually amounts to is self-serving bossiness and exploitation of the gullible via largely complicit mass media.

So when you hear someone disclaiming any interest in politics, you are probably in the company of sheep. Such complacency is of course fostered by bland assurances that British democracy is designed to protect the public good and ensure our most cherished traditions and aspirations inform government policy. Added to which we have the opportunity to choose between main contenders for political office at approximately five-year intervals, thus giving us the kind of government most people want.

So much for the theory. What really happens is that, over the years, certain factions contrive to subordinate the public to an ‘Establishment’ deeply entrenched behind complex legalistic barricades, and with its own self-serving agenda and priorities.

Read full article [external link]

  • Find By Category

  • Latest News

  • Follow us on Twitter