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9 Feb 2010

On the EU bailing out Greece:

It need hardly be said that it would be wrong – economically and morally – for taxpayers in other countries to step in. It was a mistake to rescue the banks from the consequences of their own errors, and that logic applies in spades to whole countries. Still, the EU has every right to make its own mistakes. What it has no right to do is to expect the United Kingdom to pay a proportion of the bill. We kept the pound. It’s not our problem.

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