Douglas Carswell's Blog

We could have said "no" to the Darling bailout deal

Three days after the General Election on May 9th, Alistair Darling agreed to make Britain part of the European stabilisation mechanism at the ECOFIN meeting. 

But because the deal was negotiated after polling day, according to the FT "Mr Darling consulted George Osborne, who succeeded him as chancellor, before committing Britain to paying a 13 per cent share of the £60bn fund."

How fiercely did George object? How did he respond when Darling consulted him?  

As should have been evident at the time, the small print of the deal has suckered Britain into the Euro, as a debt union, albeit not a currency union.  Worse, those liabilities far exceed what we've managed to shave off actual public spending.

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