Ambrose Evans-Pritchard and Louise Armitstead, writing in the Daily Telegraph, link to the fact that Britain may be liable for yet another 'bung' to the IMF; a story to which Helen, Your Freedom and Ours, links. This relates to a statement given by Barroso to the European Parliament about decisions made at the meeting of Heads of State on 8/9th of December, from which:
"EU leaders will decide soon on whether to provide the IMF with up to €200bn more to help debt-stricken eurozone countries."
Helen is quite correct when she writes that there was no mention of this small matter by Cameron when he 'reported' to the House of Commons on that meeting. For the record, this is the Hansard report of his opening statement, one that contained the words: "Let me take the House through the events of last week". By his omission of that little snippet from 'the events of last week' might one accuse Cameron of having misled the House of Commons?
Now I may be a tad confused, however I seem to recall Cameron making much play of the fact that Britain would no longer be liable for bail-outs to eurozone countries after 2013 under the EFSF coupled with the fact I also seem to recall that that was the date when the ESM was to become operative. Herman van Rompuy is on record as stating that he wishes the 'so-called 26' to agree 'terms' so that they can be implemented in March 2012, which one can logically assume is when the ESM will become operative. He also tweeted earlier today "@euHvR I will convene an informal meeting of the 27 heads of state or gov. in Brussels. Date to be decided: end of Jan.- beginning of Feb. 2012", a tweet timed at 13:30. Presumably it will be at that meeting that the decision will be taken by the EU Leaders to 'donate' that €200bn.
Cameron may well believe that IMF resources are for countries not currencies, and that they can’t be used specifically to support the euro, however that form of words is just semantics, is it not? It is worth recalling the €50billion would be 'split' between the remaining 10 non-euro member states. Any bets that Cameron won't pay up?
