Wednesday, May 11, 2011

UK has Spent More Bailing Out Other Countries Than it has Saved Through Austerity

'The UK has already spent more on bailing out countries in the eurozone than it has saved through austerity measures this year, according to Conservative MP Douglas Carwell.

"Bailouts for the Irish and Portuguese already dwarf all the savings to tackle the deficit over the last year. A Greek bailout on top of that would be astonishingly unfair on British taxpayers and pensioners," Carwell said to the Daily Mail.'


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