EU Commission proposes extra payments from Britain for Debt Crisis!
The detail of the proposal is set out in another link which explains:
Usefully, it then carries a link to the detail of the payments so far made under the EFSM, (into which the UK pays as opposed to the EFEF to which it does not,) The link and detailed payments may be read from here. NB It has been alleged in the British Parliament that contrary to the original understanding, payments from the EFSM have been excessive as compared to those from the EFSF!
Although this is merely a proposal from the EU Commission, care is required, for it would not be the first occasion in the EU, where proposals yet to be legalised, are entered into effect as if they were law, the External Action Service being one such prime example.
Cameron is in Tuscany acting as a waitress for his wife, is anybody in the Government really watching what is afoot in this ever deepening EU crisis?
Labels: Cameron, EFSF, EFSM, Euro collapse
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