Matthew Sinclair

The British taxpayer should not be bailing out Ireland

Everyone is talking about the royal wedding today.  It will be a great occasion but the public finances are tight and people are already asking about the cost.  There is a bigger issue for British taxpayers, though.  Our politicians have arranged for them to get hitched to the bride from hell: the ongoing fiscal disaster in the eurozone.
 
Under current plans it is reported that we could be liable for up to £7 billion in any Irish bailout.  At the TaxPayers’ Alliance, we have just this morning started a petition against British taxpayers’ money being put at risk for a euro-bailout of Ireland; you can sign it here.
 
The eurozone is fundamentally broken.  All the arguments that the sceptics made for a number of years have been proved correct.  The commentators who dismissed them and urged that we take up the Euro ourselves in august publications like the Financial Times should be hanging their heads in shame.





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