Yesterday's news that the British taxpayer will be participating in the bailing out of Greece, the other PIIG countries and the stabilization of the euro in general does not exactly come as a surprise to many of us.
Early in April, this blog linked to a letter by Lord Pearson in the Daily Telegraph, in which he pointed out that Britain was committed exactly to the course of action that has just taken place.
About three weeks before that we linked to a debate in the House of Lords in which HMG was asked specifically about the possibilities of Britain participating in the bail-out under Article 122.2 of the Treaty of Lisbon with Lord Myners avoiding the question.
As one of this blog's readers wrote, what would have been the vote if the electorate had fully realized this bill was due on top of all the other bills. Still, there is likely to be another election reasonably soon.