Tuesday, 15 June 2010

More on that Article 125

Lord Pearson continued to question HMG (or the Coalition as it seems to be referred to even in official replies) on the subject of possible financial bail-outs. Yesterday's Hansard published his Written Question:
To ask Her Majesty's Government whether Article 125 of the Treaty on the Functioning of the European Union can be used to require member states to provide financial support to other member states in financial difficulty; and, if so, whether it can be applied to the United Kingdom.
To which Lord Howell replied on behalf of the Coalition:
Paragraph 2 of Article 125 of the Treaty on the Functioning of the European Union offers scope for the definitions attaching to the prohibitions in Articles 123, 124 and 125 to be more clearly defined by the Council. Nevertheless, Article 125 clearly provides that the Union shall not be liable for or assume the commitments of any member state and that a member state shall not be liable for or assume commitments of another member state. It is our interpretation that the article cannot be used to require member states to provide financial support to other member states in financial difficulty.
Well, that is good to know. However, it does not stop countries from "voluntarily" and as part of a "consensus" from offering help and if all the countries do so simultaneously, well that just will be a coincidence.

4 comments:

  1. This is why Merkel is insisting there has to be Treaty, I suppose. That will bring on Cameron's next referendum challenge.

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  2. What we need to know is - are there any circumstances in which the Coalition would use UK taxpayers' money to assist any other EU country in financial difficulty?

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  3. When you see British troops with poor equipment and watch money being hosed into the ever more insane European Union Project, the question is why the British public has not revolted en masse on the streets. The way to fix Britain and to kill Cameron's socialism stone dead. To start,stop the daily £millions paid to EU for membership, deport all EU citizens which are in British prisons - there is a 15% reduction immediately. Then send all our benefit claiming resident parasite terrorist sympathisers back to their respective countries of origin. As long as the British are so pathetic and feeble and roll over (or bend over) whenever the Government needs more money to wast, then they deserve what they get. Lousy schools, politically correct people in place running every government department including the Police, and on and on. Socialism destroys everything that is good and useful.

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  4. "David Cameron...you are drifting away from your pre-election promises. Another turncoat, but then you are just another spineless polititian that will eventually sign away more of our governance to the useless Eurozone to feather your own nests. What a cesspit England has become".Daily Mail

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