MP votes no to more EU bailouts

Brian Binley MP for Northampton South voted against Government plans for an 88% hike in Britain’s contribution to the International Monetary Fund (IMF) which is partly used to finance European Bailouts in the House of Commons.

The Government narrowly won the vote by a margin of 28 votes with 32 Conservative MP’s including Brian rebelling against the Government and a further 50 being either unavailable to vote or abstaining.

Brian said: “Britain has already paid its fair share to help bailout Portugal, Ireland and Greece at a cost to the tax payer of £12.5 billion pounds which means every family in Northampton has paid £550.”

“I find it simply disgraceful that Britain is being asked to contribute to the eurozone, something which was set-up purely for political purposes rather than for economic case.”

“I have said time and again that the single European currency would not work. It is difficult enough setting an economic policy in Britain which mutually benefits those in the South and those in the North, let alone for the whole of Europe.”

Brian has recently returned from a visit to Athens to meet with a delegation from the Greek Parliament and discovered a number of reasons as to why the situation in Greece was so bad.

Brian said: “The Greek Government have been woefully inadequate in collecting taxes and politicians admitted to me that tax evasion is a way of life in Greece.”
“Their relaxed attitude to fiscal policies and a dangerous lack of concern for the consequences of individual social policies have heavily undermined economic growth. These issues should have been addressed before Greece was allowed to join the eurozone.”

Brian asked a Greek Politician “Is tax evasion as widespread as they say?" Yes he answered, everybody does it. “Do you I asked?” Of course he said.

“You can’t believe it can you? Perhaps that is why Greece is buying more gold.”

“I am majorly concerned by further news this week that Italy may produce a begging bowl to the IMF and it seems clear to me that these countries need real economic solutions to this problem and not more money in bailouts.”

“Perhaps those who created the Euro for political reasons need to go back to the drawing board.”