Secrecy over Britain's Share of EU Bail Outs!
2.) George Osborne had a secret deal with French Finance Minister, Christine Lagarde, that further payments from the EFSM (to which Britain and non-euro, EU member states contribute) would be halted and future drawdowns for Greece etc., would come from the EFSF, payable by Euro Group members only. This understanding was to be kept secret from Germany.
Two thoughts spring to mind on this. In regard to Item 1 above, why have such figures and their impact not been explained by George Osborne in Parliament, particularly as the evening before he had made so much in his Mansion House speech, on the tiny receipts of potentially only one billion from the sale of Northern Rock.
Secondly, and perhaps even more significantly, does the world really wish to have as its next IMF MD, an individual prepared to deliver the kind of assurance and secretive side-deal as that alleged by Mr Reckless in Item 2 above?
Labels: EFSF, EFSM, IMF, Mark Reckless MP
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