Evans-Pritchard Backs Bailout: Britain, Too, Is On the Firing Line

February 16, 2010 (LPAC)—City of London mouthpiece Ambrose Evans-Pritchard has thrown out his anti-European Union "principles," and is backing an EU bailout for Greece—and thereby attempting to save his masters in the City of London.

Evans-Pritchard reports that the Netherlands Parliament last week passed an all-party motion prohibiting the use of Dutch taxpayers' money to bail out Greece, either through bilateral aid or EU bodies; and the German Bundestag also drafted an opinion deeming aid to Greece illegal, and that state bodies cannot purchase the debt of another state, in whatever guise.

Nonetheless, he writes, the EU had no choice last week but to back Greece, because "Europe's banking system was—and is—at imminent risk as Greek contagion spreads across Club Med. The danger of a 'sovereign Lehman' setting off chain reactions is very real, with Britain too on the firing line. I find myself in the odd position of backing drastic EU action, for fear of the worse. We all go down together if this escalates."

But he points out that the EU made aid conditional on Greece's "full compliance," and adds, "So what if Greece does not—or cannot—comply?" He concludes with Papandreou's slamming of the EU over the weekend, and comments, "Does this sound like a man ready to immolate his country to please Germany?"

 LaRouchePAC BREAKING REPORT - Telegraph Suppresses Destruction of National Sovereignty

AM Report for Wednesday January 27, 2010. The London Daily Telegraph has suppressed an article by its star writer Ambrose Evans Pritchard, because it raises the issue of the destruction of national sovereignty.