Taxpayers Association of Europe attack European Stability Mechanism proposals 5

Matthew Sinclair European Union

The Taxpayers Association of Europe is an umbrella organisation for twenty-nine national taxpayer associations – including the TaxPayers’ Alliance. Yesterday the organisation put out a furious new release calling on “national governments to refuse the creation of an ESM” as it involves “incalculable risks for taxpayers”. It is a powerful reminder of the stakes on the Continent, and why we need to ensure Britain isn’t further dragged into the crisis, particularly through the IMF.

First they present a simple guide to what the headers in the overall plan really mean, little accountability and a small board dispensing eye watering amounts of money. And then a more detailed analysis which sets out how “uncontrollable political and financial power is transferred to a small group of people”. All in the name of bailouts that aren’t going to fix the fundamental problems in the eurozone.

This is a powerful reminder of how Brussels has little respect for democratic oversight and independent scrutiny and accountability over how money they spend our cash.

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Here is the full document setting out the current proposals:

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Matthew Sinclair

Matthew is Director of the TaxPayers' Alliance, author of Let Them Eat Carbon and editor of How to Cut Public Spending (and still win an election)

Follow @mjhsinclair

Matt Buckingham

As Brussels gets more powers it will become more difficult to extract the UK from this EU shambles. There will come a point when the EU gets too much power for us to do anything about it. As the Euro crisis deepens, Brussels is wanting more & more absolute power. I am sure that this may well be the end for the UK unless we stand up against them during this crisis.

Roy H

The trouble being we are unable to do anything about it.Cameron & Clegg need to be removed.

Pete W

…and replaced with what? They all want to give this country away to foreigners for their own agrandisement!

DaveFahey

The whole EU fiasco is a nightmare of infinite proportion- I apologise for any mixing of metafors. The only way out of this Orwellian situation is to vote for UKIP.
DaveFahey

Further to my posting regarding voting UKIP; this is not to decry the excellent work done by Mark Reckless, Ian Duncan Smith, David Davies-who should have been elected Tory leader- and all the other euro-sceptic Conservatives. Sadly, Mr Cameron has failed to deliver on Europe.