No, no, no

The markets rallied in the last two days on the back of rumours that the euro bail out fund is to increase to €2trillion. This though is denied by the German finance minister and his denial is consistent with what Mrs Merkel and the German government have been saying all along i.e. that they will not agree to the issue of eurozone bonds. The markets have fallen back today as a result of this uncertainty made worse by that well known barista Mr Barroso stating that the EU will spend more, intervene more and ensure more integration in order to solve the eurozone crisis. It is not as though we haven't had too much borrowing and enough of all those other things which got the eurozone into this mess in the first place. Furthermore Mr Barroso wants us to pay a large slug of the levy he is proposing through the financial transaction tax France and others seem so keen on even though we are not part of the euro. Our help will not save the euro apart from the fact we cannot afford to pay even one groat more and would be mad if we agreed to the financial transaction tax. Now is the moment when we must say no, no, no. Otherwise we shall bankrupt ourselves and kill our biggest money earner, the City. The others must know we cannot accept the financial transaction tax so why propose it? Oborne needs to write Guilty Men Part 2 to set out who are the British mandarins and politicians who have betrayed this country's interests in the EU. He should go on to write a Guilty Men Part 3 in which he should name and shame those members of the European Commission who are endlessly churning out regulation after regulation for no benefit to man or beast.