UK Refusing To Help With EU Bailout Fund
Chancellor George Osborne has refused to contribute to the IMF's bailout fund for the EU, Sky News has revealed.
Mr Osborne told his EU colleagues he will not provide any cash to boost the fund, which is specifically aimed at the troubled eurozone.
During a conference call with 26 other EU finance ministers, Mr Osborne made clear that whilst the UK is prepared to take part in global efforts to increase the IMF's resources, it would not participate in any fund specifically intended for a euro bailout.
"We were clear that we would not be making a contribution," a Treasury source said. Another said there was "no agreement" on the proposed 200bn euro fund.
(continued, they all want to be friends again this week, losers....)
