Loans to carmakers...in Euros

Now what few carmakers still operate here will be indebted to the European Investment Fund. "Too big to fail" yet again, but hell, at least bail them out in our own currency!

(Image: Fiat money! Yaaaay! I could get all my Monopoly money and use it to buy real assets; after all, what difference is there?)

Telegraph: Europe rides to rescue of Jaguar Land Rover and Nissan

Jaguar Land Rover, which has plants in the Midlands and Merseyside and employs 15,000 people in the UK, will receive €366m while Japanese car maker Nissan will get €400m to split between sites in Spain and Sunderland.

The loans have been awarded to finance the development of more fuel-efficient cars but come as a much-needed boost for the industry as sales tumble in the recession.

Tremendous. And, in particular, call me an uber-Eurosceptic, but I'm not happy with it being done in Euros. If the globalists determine that we 'need' to be part of the Euro, they'll collapse the Pound, and while in the short term that doesn't seem too likely, it's still annoying that British companies will now be paying back debt to Europe. This sets a precedent.