We could pay £5,000 each to bail out Europe

Sarah Coles
Christone Lagarde
Christone Lagarde

AP

There are lots of things we can't afford at the moment: luxuries like holidays, and heating for example. However, it appears we can afford to bail out European nations to the tune of £5,000 for every household in the country.

But why do we have to spend this money, and should we really be bailing them out?