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Uk Could ( Will ) Pay Other Countries Debts In The Eurozone

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UK may pay other countries' debts before own

A little-known paragraph in one of the many EU treaties could be used to force the UK to pay a whopping £9.6billion towards other EU countries' debts, before being able to pay off our own deficit.

The paragraph in question (article 122.2 of the Functioning of Europe Treaty) states that if a country faces financial difficulties caused by natural disasters or exceptional occurrences the EU may give them financial assistance.

According to research by the TaxPayers' Alliance, the worst case scenario could see the UK footing a bill of £45billion.

In some circumstances the UK can opt-out of decisions made by the EU, but in this case the ‘exceptional circumstances’ quoted by Brussels may mean the opt-out is not available.

Until recently public sector workers in Greece have been able to retire at 58, on an 80% final salary pension – while our own pensioners face poverty. Why should we have to pay for Greece's financial carelessness?

So far the Government have stayed very quiet on this issue, they would wouldn`t they. :rolleyes:

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I would imagine the exceptional circumstances being referred to are not the self-inflicted variety, but such horrors as earthquake, epidemic and nuclear terrorism.

Edited by Dave Spart

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Well yes mabye it could end up in court,

although I think that we could all be worrying for nothing, just thinking about it, their are the five countries using the EURO, who could require this aid, therefore if 5 countries are involved the circumstances are hardly exceptional.

secondly as we are not using the EURO but still in the European union we have the same obligations under the Lisbon treaty as countries like Latvia, Estonia etc etc so how can they expect us to bail out a EURO user...

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just thinking about it, their are the five countries using the EURO, who could require this aid, therefore if 5 countries are involved the circumstances are hardly exceptional.

I hate to disagree with you (no, really) but 5 major(ish) european countries requiring aid? Now that is exceptional.

secondly as we are not using the EURO but still in the European union we have the same obligations under the Lisbon treaty as countries like Latvia, Estonia etc etc so how can they expect us to bail out a EURO user...

Quite easlily. They can point to our relative economic strength and the fact that we're paying for 20% of the european project.

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.....

The paragraph in question (article 122.2 of the Functioning of Europe Treaty) states that if a country faces financial difficulties caused by natural disasters or exceptional occurrences the EU may give them financial assistance.

....

So the other EU countries could end up paying for the useless basket case free-market deadbeat worthless UK before paying of their own debts? No one is talking about it here in France. I hope its not true - we will fill in the tunnel and disown you UKIP voting halfwits. Go back to the yanks and see if they will pay for you. Pah..

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Same old, same old.

All this scaremongering about how the UK is gonna get pushed around by obscure interpretations of obscure treaty provisions taken out of context is just .... errr ... well .... scaremongering.

We pay Europe.

That means they can't push us around unless we let them.

Treaty interpretations are like quicksilver on a lawyers hands .... runs all over the place.

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The paragraph in question (article 122.2 of the Functioning of Europe Treaty) states that if a country faces financial difficulties caused by natural disasters or exceptional occurrences the EU may give them financial assistance.

Have you seen the pictures of flooding in Poland? They look like a deserving case for a little help - have they had it?

How much have parts of the UK affected by lesser floods in recent years had?

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So the other EU countries could end up paying for the useless basket case free-market deadbeat worthless UK before paying of their own debts? No one is talking about it here in France. I hope its not true - we will fill in the tunnel and disown you UKIP voting halfwits. Go back to the yanks and see if they will pay for you. Pah..

:lol::lol: From a country who conveniently ignore EU Laws they don`t like and have a President whose trouser`s zip keeps falling down. Farmers who the EU heavily subsidise, the mind boggles. :rolleyes:

Remember the EU does not have the word NO in their vocabulary and interpret their laws in a way which suits them. ;)

How much have parts of the UK affected by lesser floods in recent years had?

You tell me. <_<

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I would imagine the exceptional circumstances being referred to are not the self-inflicted variety, but such horrors as earthquake, epidemic and nuclear terrorism.

Actually this was being debated on television the other evening (sorry, can't recall which prog). The conclusion arrived at by Europhiles and Eurolawyers present was that the current 'global economic crisis' counts as 'exceptional circs' and that GB should expect to be liable and called upon to cough up.

I say let's leave the EU now - the balance sheet simply doesn't tot up and we have given far too much power to those who do not have our best interests at heart. And BTW, Thanks for the vote, Gordon!

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  • 152 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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