items tagged with Banking
Bill Cash has the following letter in The Telegraph today:
SIR – We now know that the Government is prepared to sue Iceland’s government over the recouping of money lost by British savers when the Icelandic bank Icesave collapsed in 2008, involving £2.3 billion (Business, April 11). There is no excuse for the Government not to take legal action to relieve the United Kingdom from the “legally unsound” and apparently unlawful commitment to eurozone bailout guarantees under the European Financial Stabilisation Mechanism, which was entered into by Alistair Darling and endorsed by the Government.
What’s sauce for the goose is sauce for the gander. Austerity Britain can’t afford to throw away billions without a fight in the national interest. In this context, I notice that a case for a temporary injunction has been taken to Germany’s Federal Constitutional Court in relation to the Portuguese bailout.
Bill Cash MP (Con)
Press release 25/11/2011
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