A bailout for Greece?

Article 122 of the Lisbon Treaty, grants the EU the power to provide finanical assistance to a member state that is in exceptional economic trouble.

"1. Without prejudice to any other procedures provided for in the Treaties, the Council, on a
proposal from the Commission, may decide, in a spirit of solidarity between Member States, upon the measures appropriate to the economic situation, in particular if severe difficulties arise in the supply ofcertain products, notably in the area of energy.

2. Where a Member State is in difficulties or is seriously threatened with severe difficulties caused by natural disasters or exceptional occurrences beyond its control, the Council, on a proposal from the Commission, may grant, under certain conditions, Union financial assistance to the Member State concerned. The President of the Council shall inform the European Parliament of the decision taken."

This could lead to a substantial transfer of assets from the UK to Greece. We are talking billions of pounds. Is it possible that an economic crisis in a less industrialised nation could be engineered in order to invoke Article 122?

Could this be a way to transfer wealth from the (relatively speaking) richer, industrialised nations to the less wealthy, more agricultural members of the EU?

If the answer to those two questions is yes, then there is nothing to stop the EU from bringing everyone up to a common standard, or if you're cynical to drag the major economies down to the lowest common denominator.

Britain, yet again could be subsidising the poorer nations at the expense of our own industry and people.

Back in the EUSSR. You don't know how lucky you are.