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Lisbon treaty forces UK to pay other countries' debts
Date 10/05/2010 13:35  Author webmaster  Hits 2348  Language Global

European Commission Audio Visual LibraryLess than six months after the Lisbon treaty took effect, the UK may be forced to pay towards other EU countries' huge deficits, because of a little known clause it contains.

Britain's next chancellor will not be able to opt-out of underwriting £13 billion of EU debts, because the EU's decision to help indebted Europeans was taken under the treaty's "exceptional occurrences'' clause that has stripped Britain of its previous power of veto.

UKIP Chairman Paul Nuttall MEP said: "Why is it at the time the UK needs to spend every penny it can on reducing it's own deficit, we are instead going to spend £13 billion on bailing out other countries? I'll tell you why, it's because we signed up to the Lisbon treaty.

"UKIP warned about the dangers of the Lisbon Treaty before Brown condemned the country to it.

"The Tories and the Lib Dems are apparently talking about ways to deal with the UK's deficit, surely getting out of the EU should be on the agenda, especially since we are now going to have to pay £13 billion of other countries' debt before we pay off a single pound of our own.

"Cameron missed out on 21 seats because people voted UKIP, enough to give him the majority he desperately wanted, if he doesn't take a much stronger line on the EU and make good his broken promise of a referendum the same will happen next election."