If a huge slump and long recession, more taxpayer funded bank bailouts, thousands of businesses bankrupted and thousands of homes repossessed and MUCH higher unemployment was not enough, it appears that the UK is facing a maximum combined potential loss of €149.2 billion on its current capital and financial commitments to the EU, the European Investment Bank and the European Central Bank.
The figures for the UK’s total European liability, are contained and published in a new report by the Bruges Group. Herewith the download: Bruges Group Report – Lyddon
Entitled, “The UK’s risks and exposure to the European Investment Bank and other European financial mechanisms”, Bob Lyddon’s report for the Bruges Group reveals the true extent of the UK’s obligations in respect of the present and future debts of EU institutions including:
How the Government’s defined position is questionable in law and therefore has led it to underestimate its full potential exposure to EU debt
That the true extent of the UK’s potential exposure to the EIB, ECB and EFSM (European Financial Stabilisation Mechanism) the debt is €149.2 billion because:
The ECB is entitled to call upon the Bank of England for up to €50 billion of the UK’s currency reserves. Under Council Regulation 1010/2000 of 8th May 2000, the ECB has the legal right to call on individual member countries’ national reserves (€50 billon in the case of the UK) should the viability of the ECB be at risk.
The EIB can call upon up to €35.7 billion from the UK, should it lose money on the loans that it has made to governments and organisations in vulnerable economies such as Greece, Portugal, Spain, Italy and Ireland.
The UK currently has a €60 billion liability to the European Financial Stabilisation Mechanism (EFSM). Solvent members are required to jointly take on the insolvent member’s debt.
The UK’s €1.9 billion of paid-in capital to the EIB and a further €1.6 billion to the European Central Bank (lodged to pay the UK’s share of its costs) is also at risk.
British Gazette comment: Dear Reader, please accept our most profuse apologies for sounding like a broken gramophone record as we say again and for the umpteenth time; If you hand the government of your country over to a foreign power, what do you expect?
Speaking the Truth unto the Nation
We did not hand our country over to a foreign power, to do so would be an act of High Treason which carries the Death Penalty upon conviction. I am aware that Tony Blair ‘removed’ the penalty and set a three-year limit on prosecution, for the offence, but High Treason is a Common Law crime and it’s capital punishment law for High Treason stands and there is no lawful time limit for prosecution. A Jury can still hang all those convicted.
What the indigenous English people fail to understand is the fact that the entire English nationality is being erased, by acts of genocide. Genocide is being achieved not by widespread killings and massacres, but by displacement using mass immigration, the banning of our customs, lawful rights, freedom of protest and speech, using legislation from the Quangos.
According to the Encyclopedia Britannica, England, no longer exists as a political nation.. Of the four nations that make up Britain, England is the only one without its own Parliament. Not a solitary Government document allows us to claim England as our country of origin, or state that our nationality is, English.
Our children are not being taught, the history of England, or even Britain and English patriotism is met with sneers of, little Englanders.
But, we do have a weapon, our thirty-five times ratified, British Constitution, that states that providing we do not,:
Harm or injure anyone.
Cause loss or damage to their property.
Act dishonestly in our dealings.
Act in mischief
Cause a breach of the peace
Act in Treason.
We can go about our lawful business without interference, by government or its employees.
We are a free sovereign people who employ politicians, who swear upon their oath of office, to defend our freedom under the law, Legem Terrea’ the, Law of the Land.
Allowing the EU power over us is, High Treason, and they have perjured their oaths of office for gain.
We must take our country back from the combined treachery, of Conservative, Liberal and Labour politicians banning its members from holding public office.
We need a new Hereward the Wake. Right now.