Britain To Lose Its Seat On Board Of IMF?

So says some American professor of economics.

"People say that the EU is not a country and only countries can have IMF seats, but that doesn’t really stand now that you’ve got Lisbon. The treaty makes the EU as much a single federal entity as some other IMF members."

If ever there was a statement that 'shot a hole' through the argument that there is no loss of sovereignty, then this must be it!

This is but the start of further diminuation of the independence of the UK - you wait and watch!