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At 16:01 3rd Nov 2011, Ruddigore wrote: Much of Europe is in

UK ready to back IMF bailouts

canada goose coats Reuters is reporting that China’s deputy finance minister Zhu cheap Canada Goose Guangyao revealed tonight that canada goose outlet the third option is already under active discussion in Cannes in advance of the G20 summit. canadian goose jacket canada goose coats

Canada Goose Parka The politics, here at home, are complex for a government pledged not to spend British taxpayers’ money on propping up the euro. Canada Goose Parka

canada goose factory sale However, Chancellor George Osborne has been very, Canada Goose Outlet very careful to leave himself room to do just that so long as it’s via the IMF and given not to the Eurozone bail out fund but directly to individual countries. canada goose factory sale

uk canada goose In the Commons last Thursday, Mr Osborne reassured his backbenchers and canada goose won himself favourable headlines in the Eurosceptic press when he said: “Britain will not be putting money into the bail out fund either directly or through the IMF. the IMF exists to support countries, it does not exist to support currencies. uk canada goose

uk canada goose outlet “The IMF contributing money to the eurozone bail out fund, no; Britain contributing money to the eurozone bail out fund, no. That is Britain’s clear position.” uk canada goose outlet

However, with an eye to the future he added: “Supporting countries that cannot support themselves is what the IMF exists to do, and there may well be a case for further increasing the resources of the IMF to keep pace with the size of the global economy.

cheap Canada Goose “Britain, as a founding and permanent member of its governing board, stands ready to consider the case for further resources and contribute with other countries if necessary.” cheap Canada Goose

buy canada goose jacket cheap If this happens the chancellor will stress that canada goose coats the increase in IMF resources will be used to help many countries outside Europe. True, but they would also be used to help quite a few inside too. buy canada goose jacket cheap

Canada Goose Jackets The Treasury is keen to stress the distinction between the taxpayer putting money into the IMF for use around the world, and giving it directly to the Eurozone. Canada Goose Jackets

It points out that the IMF has programmes in 53 countries of which only canada goose coats on sale three are in the Eurozone and that no country who’s lent money to the IMF has ever lost it.

canada goose clearance Thus, they argue that saying that the British taxpayer will be bailing out the euro is like saying that Brazilian, Indian and Chinese taxpayers are doing the same. canada goose clearance

canada goose uk black friday Complain about this comment (Comment number 1) canada goose uk black friday

Canada buy canada goose jacket cheap Goose Outlet Comment number 2. At 16:01 3rd Nov 2011, Ruddigore wrote: Much of Europe is in dire straights at the moment, the quicker it can be sorted out canada goose clearance sale the better Canada Goose Parka it will be for everyone. https://www.pick-canadagoose.com Sticking our heads in a bucket of sand and pretending it is not there or that Canada Goose online it is of no concern of ours will not help. We need to get canada goose deals this mess sorted out now. We can start pointing fingers Canada Goose sale at a later date. Canada Goose Outlet

Complain about this comment (Comment number 2)

Comment number 3. At 19:03 3rd Nov 2011, Hugh Parker wrote: Posted to the old blog by mistake? 🙂

Complain about this comment (Comment number 3)

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