British taxpayers have pumped £11.7bn into Greece, Ireland and Portugal through the IMF, an early European rescue fund, and a bilateral loan to Ireland.
That’s £4 out of every £5 of George Osborne’s half-hearted, misguided and much delayed (not really his fault) austerity plan blown away by the hubris of a euro we warned would fail, never joined, and yet somehow now have to help bail out.
Can anyone in Britain anywhere imagine a scenario in which Merkel, Van Rompuy, Barroso and Draghi would bail out the Pound?
Well, quite. But that still leaves the EU far, far behind the banks in the brass-neck-how-the-f*ck-dare-you stakes, because thanks to Merv’s QE largesse, they wiped out the Draper’s scissor-work by a margin of 7:1.
We are in the EU thanks to the spineless stupidity of our political class since the mid 1980s, and the devious mealy-mouth of Prime Minister David Cameron.
That is all, now stand easy.