[Ignitionnet]

Originally Posted by Osem

Thought the economic crisis was over? Well, it'll be interesting to see how this pans out:

http://www.telegraph.co.uk/finance/f...-Portugal.html

Maybe we're lucky we're not in the Euro zone right now.

Actually no, thanks to article 122 in the Lisbon Treaty which Broon forgot to ask us if we wanted we can be required to contribute to any EU bailout fund for them. Will cost the UK upwards of 7bn pounds for Greece alone if it comes to it.

Just to also add, there would be no large scale democratic decision within the European Parliament as to whether or not to bail Greece out, MEPs would be informed of the decision by the President of the Council of 47, they would make the decision, one country, one vote, then countries with larger GDPs get the bill. There's democracy for you.

2. Where a Member State is in difficulties or is seriously threatened with severe difficulties
caused by natural disasters or exceptional occurrences beyond its control, the Council, on a
proposal from the Commission, may grant, under certain conditions, Union financial assistance
to the Member State concerned. The President of the Council shall inform the European
Parliament of the decision taken.