Monday, 26 January 2009

Tax News: UK taxpayers may be forced to bail out euro members

UK taxpayers may be forced to bail out euro members

In a move which will again highlight the problems with EU regulations and laws, it has been revealed that the UK may well be forced to assist with the bailout of EU member countries who have taken the euro as their currency. Despite the fact that the UK has not yet joined the euro there appears to be small print in the European Union treaty which allows EU regulators to force EU members to contribute to any potential bailout.

When you consider that countries such as Ireland, Spain and Greece are in serious financial difficulties at the moment there is every chance that the UK government could be asked to "chip in" with substantial funding figures. Whether this luxury would be afforded to the UK if the economy continues to fall is unclear but this news will blow apart the Labour government's claim that the European Union treaty is not detrimental to the UK taxpayer.

As yet there has been no call for EU members to contribute to a bailout fund but with the situation worsening across Europe, and money tighter than ever, many expect plans to be put into action over the coming months. Quite how much the UK might be asked to contribute is a little unclear at this moment in time but interestingly, even though the UK has regularly used its veto for the good of the country, there are no vetoes available for this potential EU rescue funding requirement.

1 comments:

MC-Shalom said...

You Bail Them Out, We Opt Out. We Want Some TARP


Dear, I should say Expensive Chairman Ben S. Bernanke,


All of Our Economic Problems Find They Root in the Existence of Credit.

Out of the $5,000,000,000,000 bail out money for the banks, that is $1,000 for every inhabitant of this planet, what is it exactly that WE, The People, got?

If my bank doesn't pay back its credits, how come I still must pay mines?

If my bank gets 0% Loans, how come I don't?

At the same time, everyday, some of us are losing our home or even our jobs.

Credit discriminates against people of lower economic classes, as such it is unconstitutional, isn't it? It is an supra national stealth weapon of class struggle.

Credit is a predatory practice. When the predator finishes up the preys he starves to death. What did you expect?

Where are you exactly in that food chain?

Credit gets in the way of All the Principles of Equal Opportunity and Free Market.

Credit is a Stealth Weapon of Mass Destruction.

Credit is Mathematically Inept, Morally Unacceptable.

You Bail Them Out, We Opt Out

President Bush Proposed the TARP, Senator Obama Voted It.

We Want Some TARP.

Opting Out Is Both Free and Strictly Anonymous.

My Solution: The Credit Free, Free Market Economy.

Is Both Dynamic on the Short Run & Stable on the Long Run, The Only Available Short Run Solution.

I Am, Hence, Leading The Exit Out of Credit:

Let me Outline for You my Proposed Strategy:


My Prescription to Preserve Our Belongings.

Our Property Title: Our Free, Strictly Anonymous Right to Opt Out of Credit.

Our Credit Free Money: The Dinar-Shekel AKA The DaSh, Symbol: - .

Asset Transfer - Our Right Grant Operation - Our Wealth Multiplier - Our Liquidity TARP.

A Specific Application of Employment, Interest and Money.
[A Tract Intended For my Fellows Economists].


If Risk Free Interest Rates Are at 0.00% Doesn't That Mean That Credit is Worthless Already?

Since credit based currencies are managed by setting short-term interest rates, on which you have lost all control, can we still say that are managing?

We Need, Hence, Cancel All Interest Bearing Debt and Abolish Interest Bearing Credit.

In This Age of Turbulence The People Wants an Exit Out of Credit: An Adventure in a New World Economic Order.

The only other option would be to wait till most of the productive assets of the economy get physically destroyed either by war or by rust.

It will be either awfully deadly or dramatically long.

A price none of us can afford to pay.

“The current crisis can be overcome only by developing a sense of common purpose. The alternative to a new international order is chaos.”

- Henry A. Kissinger


What Else?

Until We Succeed the Economy Will Necessarily Keep Sinking Into a Deeper and Deeper Depression


You Bail Them Out, Let's Opt Out!

Check Out How Many of Us Are Already on Their Way to Opt Out of Credit.


If You Don't Opt Out Now, Then When Will You?


Let me provide you with a link to my press release for my open letter to you:

Chairman Ben S. Bernanke, Quantitative [Ooops! I Meant Credit] Easing Can't Work!



I am, Mr Chairman, Yours Sincerely [As if I really had the choice.],

Shalom P. Hamou AKA 'MC-Shalom'
Chief Economist - Master Conductor
1 7 7 6 - Annuit Cœptis
Tel: +972 54 441-7640
Fax: +972 3 741-0824