Friday, April 8, 2011

Top Tory MEP: UK Bailout Of Portugal 'Illegal' - 8th Apr 2011

Britain's top Tory MEP has told Sky News that a plan to use billions of pounds of UK money to bail out Portugal is 'illegal'.

Speaking on Jeff Randall Live, Martin Callanan, the leader of the UK's Conservative MEPs, argued that the Government should block proposals to help rescue the debt-ridden nation with cash held under Article 122 of the Lisbon Treaty.

"There is a question of legality about that fund. It was approved under what's called Article 122 of the Lisbon Treaty and that was a section that was inserted into the Lisbon Treaty to deal with natural disasters or events beyond a country's control," he said.

"I don't think this is a natural disaster or an event beyond Portugal's control, ergo it's illegal. The UK, in my view, should refuse to contribute towards this fund and should if necessary challenge the legality of it." Read More

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