Monday, 26 August 2013

Merkel's plan to steal UK cash for Greece

The poor German voter, though likely to vote Angela back into power next month, is becoming increasingly unwilling to bear the brunt of Greece's next bailout - likely, when it comes to it, to be significantly larger than the figure now being 'leaked' by the Commission. And since German investors also have the most to lose from a 'haircut' on the Greek banks this is not too popular an option either. The latest wheeze is to increase an EU handout of structural funds - ERDF as we know it in the UK - by the value of the bailout, allowing Greece to use existing domestic funds for the bailout. Except of course that non-Euro nations such as the UK pay for ERDF. 

ERDF has traditionally been the mechanism by which tax funds from northern Europe are transferred by the EU to the Mafia and other criminal organisations and to bent and corrupt politicians across the Olive belt. The remainder is used to build motorways going nowhere and unused airports. Greece is a nation notoriously infested with bent and corrupt politicians, who no doubt have recently been feeling the pinch in the proceeds of theft, fraud and peculation. The latest bail out will be designed to buy-back their loyalty to the Commission. Getting the UK to contribute to this is the icing on the cake for Merkel.  


DeeDee99 said...

Cameron won't do anything to stop this.

He happily agreed to ramp up the UK's contributions to the IMF so that it could bail out the Euro via the back door whilst maintaining a charade that he had stopped UK taxpayers from contributing.

He wants Merkel onside for his faux renegotiation post 2015 (if he's still in Office) and if her compliance has to be bought with OUR money, then so be it.

Anonymous said...

Ooh Angie, she is an operator is that gal and her agitprop loonies are still hereabouts too.

Make the British pay!

Indeed, soon and in the Levant who will pay for the replacement of the cruise missiles Dave's navy is about to launch?

Yer see, Dave will do what is required for 'the Chicago Kid' and whatever it takes to keep the Brussels empire in gelt.

"Whatever it takes" - it's Dave's middle name.
What Dave won't do, is primarily focus to consider his country and countrymen - oh no - Britain is his doormat and thereby, Britain wipes the feet and is the doormat of the world too.

Angie, is just following the trend.

It's time we got rid of Dave and told the world to get out of our hole.

Budgie said...

Raedwald, I have already emailed my MP about this. Please everyone do the same - we must not have our cash used to bail out the euro (or at least any more than is already committed). I agree with the comments so far about the useless Cast Iron Dave.

G. Tingey said...

Are you reasoning ahead of your data here?

How can we be made to pay - or is it a matter of getting the unelected Commission to recommend that some of the monies we have already paid be diverted to this dubious cause?
The latter, is, unfortunately, a distinct possibility ...
Clarification, please?

Raedwald said...

Greg -the new 2014 - 2020 Regional Aid programme is still being ironed out, but expenditure was over €30bn a year in 2006. The new programme is geared at employment measures - so oould be used to skew grants to Spain, Greece and er France and away from low unemployment nations such as the East Europeans and um Us.

And yes, we will pay for it.

James Higham said...

We've run posts, particularly via Edward Spalton, showing Germany's focus and it ain't nice for us.