Sunday, 13 January 2013

UK pays £1.3bn in 'backdoor bailout' paying for roads and wind farms in Europe


Ministers have handed £1.3billion to a Luxemburg-based quango to help finance European projects in a ‘secret bailout’ for the EU’s most troubled countries.

British taxpayers’ money has been spent on wind farms schemes, solar panels and roads in countries such as Spain and Greece through a deal with EU leaders to increase UK contributions to the European Investment Bank.

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