Britain’s already-unsustainable multi-billion-pound tribute to the European Union is set to rise even further because of soaring pension costs for the parliament’s army of bureaucrats.
Think tank Open Europe has warned that there is a massive €340 billion (£288 billion) shortfall in European Union funding for the euro bailout package which is currently being prepared for ailing eurozone member states.
The European Union seeks to fully integrate all of Africa into the European monetary zone by 2050, its president Jose Manuel Barroso has announced. This move will inevitably lead to full political integration as well.
Britain’s share of the €440 billion EU European Financial Stability Facility (EFSF) euro rescue fund will be of the order of £43 billion, it has emerged.
The eurozone is doomed to failure and the British National Party has been the only party to continuously warn of its dangers and the high taxes necessary to pay for our membership of the EU, BNP economics spokesman Andrew Moffat.
One of the world’s foremost macroeconomic research bureaus has confirmed what the British National Party has said all along, namely that national European economies are best left alone and out of the EU’s punishing grasp.
The European Commission has announced its intention to seize outright control of all EU member states’ economies under the pretext of preventing another Greek-style crisis.
The proposed British share of the International Monetary Fund’s (IMF) bailout of Greece has risen to nearly £2 billion, despite Britain being buried in debt due to decades of Tory and Labour mismanagement.