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Taxpayers have already been fleeced for £12 billion to prop up Ireland, Greece and Portugal and now, as rescue talks collapse in chaos, our we are facing ANOTHER massive bill to prop up the single currency. The UK is facing a new multi-billion-pound bill to prop up the euro as the single currency teetered on the brink of collapse. However The Bank of England dismissed chaotic efforts to save the eurozone from financial meltdown as a temporary solution to the region's woes. David Cameron is due in Brussels today for a summit of all 27 EU leaders before a meeting of only eurozone leaders, at which an outline solution may be thrashed out. However Tory MPs have warned that any attempt to increase Britain's contribution to the eurozone bailout fund would trigger a mutiny to make Monday's rebellion on Europe, in which 81 defied the Prime Minister, look like 'a children's tea party'. To add to the chaos facing the eurozone, Silvio Berlusconi's Italian government looked to be on the brink of collapse yesterday, after his coalition partners initially refused to make the cuts in spending they had been told were necessary to prevent Europe's fourth largest economy going belly up. The eurozone seems to be like a black hole – sucking all the economies within its reach into oblivion. The UK and England are not part of the eurozone, yet Cameron and the Coalition Government are hell bent on taking us ever closer to the problem. What's more, despite an overwhelming anti-EU feeling from the voting public within England and the UK as a whole, Cameron seems intent on driving forward with his plans to further embroil us and our money in the problems faced by a single currency that we are not even part of! The English Democrats rejected the principle of joining the Euro as it would bring a loss of economic and political independence. It would strike at the very heart of our democratic institutions. Our stance does not arise from a sentimental attachment to the Pound or to tradition; it is founded on the belief that an independent, successful, and democratic state needs its own currency. Our well-being and way of life will be better protected if we are able to govern ourselves and thereby determine our own economic, social, and cultural priorities. We now reject the idea of bailing out countries that made the mistake of forgoing their economic independence by joining the Euro. We also believe that now is the time for a nationwide referendum on our membership of the EU. The people have a right to decide whether they want to be part of the European Union. We believe in democracy – and that is the right of the English people to determine the political course of England.
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Huge New Bailout to Prop up Euro
Written by Administrator
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If this is how the recipients of such largesse behave- how is it that we English [mostly,in the UK] have suffered paying IN to this rotten system so long, without protest?
Makes me wonder what's in the drinking water..
[Fluoride= passivity inducer]