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Published on November 7th, 2011 | by Nick Doyle
Image © [caption id="" align="alignleft" width="300" caption="To the Rescue..."][/caption] Yesterday the BBC ran a story about a recent Danny Alexander interview in which it was said that the UK could potentially contribute £40bn to the IMF (International Monetary Fund).  The story generally explains how in the last few years the contributions of the UK have risen through a variety of different channels and that the Conservative line is follows that the IMF is a British invention which acts "in our interests" and thus should be supported. Noble sentiments undoubtedly but within the same article the BBC states that this increase must not be ear marked for any sort of Euro-bailout support.  Whether or not this is because the ConDems believe they have given enough to the bailout funds or that the "Europe question" (i.e. what is our position and what are we doing) is just too sensitive to associate with any policy I don't know but it does ask some questions; if we are contributing to the IMF why are we not allowing them to act freely? It seems there is a great divide in this country as to whether Greece deserves our sympathy and therefore support.  There is no doubt that Greece cooked the books for a long time and has the largest and perhaps most damaging shadow economy in the Eurozone but it would be naive to think they are the only ones with such problems... *cough*cough*Italy*cough*.   Greece is, and will no doubt continue to pay the price for its economic shenanigans but ultimately don't they need help?  It seems we are more comfortable giving money to the developing world, some of which make Greece's corruption look mild, than to a country which arguably we have a larger stake in.  Yes I know that's not how aid works, you give it to people who need it, not who may help you out in the future but we are talking about billions of pounds which at a time of economic discontent is a lot of money to never see again. I don't know the answers to these questions but why are we hesitant to give money to Greece if it needs it?  Is it because it comes to close to the "Europe question" or is it something deeper?

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Why are we anti-bailout but not anti-aid?

To the Rescue…

Yesterday the BBC ran a story about a recent Danny Alexander interview in which it was said that the UK could potentially contribute £40bn to the IMF (International Monetary Fund).  The story generally explains how in the last few years the contributions of the UK have risen through a variety of different channels and that the Conservative line is follows that the IMF is a British invention which acts “in our interests” and thus should be supported.

Noble sentiments undoubtedly but within the same article the BBC states that this increase must not be ear marked for any sort of Euro-bailout support.  Whether or not this is because the ConDems believe they have given enough to the bailout funds or that the “Europe question” (i.e. what is our position and what are we doing) is just too sensitive to associate with any policy I don’t know but it does ask some questions; if we are contributing to the IMF why are we not allowing them to act freely?

It seems there is a great divide in this country as to whether Greece deserves our sympathy and therefore support.  There is no doubt that Greece cooked the books for a long time and has the largest and perhaps most damaging shadow economy in the Eurozone but it would be naive to think they are the only ones with such problems… *cough*cough*Italy*cough*.   Greece is, and will no doubt continue to pay the price for its economic shenanigans but ultimately don’t they need help?  It seems we are more comfortable giving money to the developing world, some of which make Greece’s corruption look mild, than to a country which arguably we have a larger stake in.  Yes I know that’s not how aid works, you give it to people who need it, not who may help you out in the future but we are talking about billions of pounds which at a time of economic discontent is a lot of money to never see again.

I don’t know the answers to these questions but why are we hesitant to give money to Greece if it needs it?  Is it because it comes to close to the “Europe question” or is it something deeper?

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