From John Redwood:
"The Coalition government has rightly taken the UK out of any future bail outs of Euro states in the new regime after 2013. That leaves the issue of bail outs under the current system, where the UK was opted in during the transition post election in May 2010.
Mr Darling tells us he did accept the need for the UK to be part of the rescue parties. He also says he told Mr Osborne and Dr Cable, and they allowed him to make the decision. Mr Osborne implies he did not feel he could override Mr Darling but agrees he did let him make the decision. The Coalition government de facto underwrote the arrangement when they got into office and did not resile from Mr Darling’s consent. Some of us wanted them to notify our EU partners that we do not agree with what they are doing or the way they are doing it, but we lost that argument."
The question of who was told what, where and when just will not go away, will it?
There is something distinctly '
CFP' 'fishy' here, because:
(a) Who gave authority for Osborne and Cable to make the decision? Cameron? If so, on what basis?
(b) As one parliament cannot bind its successor, of course Osborne could override Darling - if he so chose. So why didn't he?
(c) As Osborne now admits that he knew of the decision then he was complicit in that decision and cannot, surely, blame Darling - as he has publicly done in Parliament.
(d) On what basis did Darling believe the need to partake in the bail-out? If Osborne agreed to allow Darling to make the decision, then he must have agreed with it, presumably having received permission from "on high" (Cameron)?
(e) If as Redwood maintains, some did attempt to show opposition but lost the argument; then one can only say they did not make their case loud enough and with sufficient publicity. Also, if this decision was one taken by QMV, then (i) they were wasting their time; (ii) it must amount to a loss of power, something that the so-called opposition should have made more of; and (iii) it is duplicious of Cameron to pretend that he knew nothing of it and further demonstrates his impotency as Prime Minister of this country.
Oh what a tangled web we weave, when first we practise to deceive!