By Mark Wallace
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Ambrose Evans-Pritchard reports in today's Telegraph that not only will Greece be given a new EU bailout, but this time British taxpayers' money will be used in the doomed fight to keep the Euro intact.
"The Greek daily Kathimerini said Athens and Brussels are negotiating the use of EU structural funds that draw on the collective EU budget, co-funded by the British taxpayer and other non-euro states."
"Most of the rescue aid so far for Greece, Portugal, Cyprus, and Spain's banking system has come from the eurozone's rescue machinery, outside the EU treaty structure. Britain has provided bilateral aid to Ireland, and is involved in EMU debt rescue policies through the International Monetary Fund, but has otherwise stood aloof."
It is right that Britain has mostly stayed out of such bailouts. We took the wise decision not to join the single currency, and the policy of strapping Greece into the Euro in order to satisfy Germany's economic interests and Brussels' political obsessions is both immoral and unsuccessful.