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Who will bailout the UK if funds run short?

As the UK slips further and further into debt both on an individual and a national basis there is growing concern that EU members will step into the fore and offer financial assistance in exchange for greater ties with the EU. While it would be wrong to suggest that the UK is any way on the verge of bankruptcy, there is no doubt that the expected £1 trillion of debt due to be built up over the next couple of years will take a seriously long time to repay.

Recent rumours suggest that the UK government is already looking at joining the euro in the short to medium term as a way to bolster the future of the UK economy and the UK as a whole. There are now concerns that the government could effectively "sell the UK down the river" in return for financial and supportive assistance from the EU. This is something which European ministers have been dreaming of for sometime as the UK has more than any other EU member been the one demanding opt outs and changes to various agreements.

The Labour Party has already dismissed its promise of a national referendum during which voters were supposed to be given the chance to have their say about closer ties with the EU. Whether any further tie-ups with the EU would go unchallenged by the UK population is very much debatable.

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