Ireland’s bailout and Britain on the Euro

Palace of Westminster in London


Last night, over $100 billion ended up in Ireland:

In Ireland, Call for Election and Warning From Moody’s

Published: November 22, 2010

DUBLIN — Ireland’s decision to accept a rescue package worth more than $100 billion prompted a call Monday for early elections and a warning from a major ratings agency that the bailout could prove to be a “credit negative” for the country.

Many have believed that if Ireland accepted the bailout, which they just did, that Ireland would lose certain sovereign rights and distinguishing policies.  And that, to a degree, is starting to happen. $100 billion is a lot of money for a relatively small country.

The UK helped with the Irish bailout and one its officials made some interesting comments:

On Monday, the British chancellor of the Exchequer, George Osborne, said Britain’s share would be about 7 billion euros, or $11 billion, via bilateral aid as well as through its I.M.F. commitments.

“We are not part of the euro and don’t want to be part of the euro,” Mr. Osborne told the BBC . “But Ireland is our very closest economic neighbor so I judged it to be in our national interest to be part of the international efforts to help the Irish.”

There are a couple of reasons that the above is interesting, but there is one I would like to point out.

George Osborne stated, “We are not part of the euro and don’t want to be part of the euro.”

Well, according to my understanding of the Lisbon Treaty, which the UK approved, all European Union members must adopt the Euro when their economies are ready for it.  And apparently the UK is publicly telling the rest of Europe that it has no intention to comply with that portion of the Lisbon Treaty.

We in the Living Church of God have long believed that the UK would either pull-out of the European Union or be a marginalized member.  And despite the fact that the UK’s Catherine Ashton is the EU’s Foreign Minister, the UK seems to wish to be marginalized as it seems to resist much of the integration plans that many in Brussels wish to pursue.

Some articles of possibly related interest may include:

Anglo – America in Prophecy & the Lost Tribes of Israel Are the Americans, Canadians, British, Scottish, Welsh, Australians, Anglo-Southern Africans, and New Zealanders descendants of Joseph? Where are the lost ten-tribes of Israel? Who are the lost tribes of Israel? Will God punish the U.S.A., Canada, United Kingdom, and other Anglo nations? Why might God allow them to be punished first?
Will the Anglo-Nations be Divided? Will the lands of the United States, United Kingdom, Canada, Australia, and New Zealand be divided? What does Bible prophecy teach? Are there non-biblical prophecies that support this idea? Who will divide those lands? Who will end up with the lands and the people?
Europa, the Beast, and Revelation Where did Europe get its name? What might Europe have to do with the Book of Revelation? What about “the Beast”?
Who is the King of the North? Is there one? Do biblical and Roman Catholic prophecies point to the same leader? Should he be followed? Who will be the King of the North discussed in Daniel 11? Is a nuclear attack prophesied to happen to the English-speaking peoples of the United States, Great Britain, Canada, Australia, and New Zealand? When do the 1335 days, 1290 days, and 1260 days (the time, times, and half a time) of Daniel 12 begin? What MUST happen BEFORE the Great Tribulation?
Is Tony Blair Apocalyptic? The former Prime Minister of the United Kingdom converted to Catholicism shortly after leaving his office and has been active in European affairs. What role might he play?

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