01.01.70

Anyway, who would be heartfelt to lend money to a fund whose sole purpose was to rescue governments that are govern-over-heels in debt.

Whether Chancellor George Osborne’s latest move steers us free of the euro’s crisis or not is arguable. Apparently, we are prepared to facilitate a bit.

He is ready to increase Britain’s lending to the IMF, but implies this will be on the prepare that the fund continues its policy of helping only individual countries, not blocs like the eurozone.

However, Greece is already a borrower from the IMF. So lending to one members of the eurozone could circumvent Osborne’s ‘conditions’.

But they might not circumvent the Tory back benches. Here are the makings of a first-group parliamentary row.

Some Labour MPs are likely to join Conservative MPs who think munificence should begin at home. Eurosceptics everywhere should take heart.

Source: Daily Mail

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