Where is the £7 billion bailout money coming from?

I'm like a dog with a bone on this one...

It is interesting to note that the current figure of £7billion that the UK is expected to cough up as part of the Irish bailout is roughly the same as the cut in the defence budget or the cut in the social security budget. So to keep the EU overlords happy, our current government is prepared to forsake national defence or looking after the most vulnerable in society. If we have to cut these budgets by the same amount as the bailout to Ireland, will voters really believe we are in this together; but yes we are, that is the Euro elite are in this together and to fulfill their fundamentalist desires the Euro must be saved at all costs; sod anything else like defence of the realm or poor people. 

We should not, with the current state of affairs be willing to lend Ireland or Portugal or Spain any further monies. Especially given the cuts the UK is now suffering from.

But perhaps you might think I am being harsh. No.  As said before the bailout money goes to the Irish government, who give it to their banks, who pay other banks who foolishly lent them the money in the first place, thus sending a clear signal to anyone that no matter how crazily you lend or have lent, you will always get you money back.

Oh  and by the way, before Merkel [German Chancellor] starts shooting her mouth off again, it might be worth noting that the banks with the biggest exposure to Ireland are German (and then British) banks. So much for the credit crunch being the sole fault of the nasty Anglo-Saxon system. 

Moral hazard anyone?