Portugal Bailout and the UK

BBC News: Reports on the EU meeting to discuss the economic bailout of Portugal, the bailout is estimated to be about eight billion euros, while the UK cost will be about 4.2 billion pounds. Thus when Spain goes belly up the PIGS of the Euro will be formed, already there are reports that Greece will need more money and that Ireland wants to redraw the bailout package it received, the general economic commentary is that both Greece and Ireland sooner or later will have to default on their debts. One can postulate that Spain due to its property crash will be the next country with its hand out, this should be the line in the sand for the UK Coalition Government, the UK taxpayer should not bailout Spain. The politicians of Europe will have to discuss if they can keep the Euro, the stronger Euro Countries such as Germany are pushing the general economic policy of the EU, this is okay for the Germans but it is hurting the weaker countries such as the PIGS. The Euro at the end of the day in a fraud, good money down the toilet, time to flush the system, clean house and get some sanity back in to the economic system, this will be at the cost of the PIGS.