Feeling the bite of Euro billions loans

The UK might only have blown around £12bn on loans and commitments to struggling Eurozone economies so far but our pledges elsewhere mean things could get worse.

A lot worse.

Because behind closed doors the David Cameron and his cronies have been bigging themselves up at the negotiating table by promising unsecured loans worth billions more should they be needed. And it's not just top-up amounts, we're talking a commitment to the European Investment Bank of an extra €35.7bn over and above the €1.8bn we've already given it.