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The euro bailouts are illegal – but Cameron and Osborne do nothing

The bailouts of the PIGS countries (Portugal, Ireland, Greece and soon Spain) are illegal under EU treaties. The EU has forced us to contribute to the euro bailouts by invoking Article 122 of the Lisbon Treaty. This empowers the Council of Ministers to force all member states to provide financial help to countries hit by ‘natural disasters’. But a bunch of lazy, tax-avoiding, overspending PIGS is not a natural disaster – it is merely economic incompetence and profligacy on a scale that Gordon Brown would have been proud of. EU treaties specifically prohibit bailouts of bankrupt countries. If we didn’t have to bail out the PIGS, we wouldn’t need any public spending cuts.

So, why do our political leaders say nothing? Why are Cameron, Osborne, Miliband and Balls so quiet? Because they don’t give a damn about our money, but are all out after a nice lucrative position in Brussels as a ‘fitting’ twilight to their political careers. Opposing the bailout would harm their own future career plans. They are all liars, crooks and thieves. The bailout is illegal and they should be opposing it.

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