John Ward Brown lied again, deficit sensation ECB caves in, UK asked to pitch in money, UK public distracted by coalition talks

Tell us how much we’re putting in, Darling.


Nothing up his sleeve….unfortunately

While all eyes are on a coalition, we are ignoring a catastrophe

There is more detail in the media this morning (and another morsel from The Slog’s Brusselsmole) about the commitment we’re making without being asked to a bailout fund that Gordon said would be nothing to do with us.

Part of yesterday’s EU Chuck Money at the Wall package was a further €60bn ‘to be supported by all EU members through the expansion of an existing balance of payments facility’

Not quite dead yet Chancellor Alistair Darling agreed last night that the UK would take part in the enlarged balance of payments facility ‘after securing legal guarantees that it would not become liable for the debts of Eurozone countries’.

But in February, Gordon got us ‘legal guarantees’ we wouldn’t have to do anything if the IMF was involved. The IMF is stumping up another £40 billion. But we seem to be involved.

It would be nice if Mr Darling told us how much we’re in for….and how that compares to everyone else’s slice….and whether we, being outside the Eurozone, can – as it were – benefit from this ourselves.

Meanwhile, it’s another pain-delaying tactic and more denial from the EU crazy folks….who are now using ‘wolfpack’ as their description of choice for markets merely responding to profligate overspending and idiotic ECB cheap-loan policies. ‘Oh dear – we’re in a mess: there’s a Jew over there, let’s blame him’.

Also largely unnoticed by our vigilant media set was the decision by Trichet at the ECB to extend the junk-for-Euros deal given to Greece to….everyone.

Disaster beckons. What was that reader saying a month ago about The Slog ‘crying wolf’? Where is he now, we wonder.