Britain is due to stump up an extra �10 Billion to the IMF to help bailout the Eurozone. Makes you wonder how all those earlier bailouts have worked out?
Apparently Whitehall sources are briefing that this latest bout of bailout-and-borrow madness is fine because, among other things, even the Australian Liberal party (their version of Tories) are behind it.
Strange. I had lunch a couple of days ago with Joe Hockey MP, the Australian Liberal party Treasury spokesman and that is not what he said to me. In fact, straight talking Joe was keen to make the point that Aussies should not be putting more money on the IMF table to bail out Europeans.
Could the Treasury be spinning?
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