George Osborne yesterday told Eurozone leaders that Britain would not contribute to a special bailout facility that they are establishing at the IMF, specifically to bolster the single currency. The Eurozone nations had been hoping to build a €200bn warchest but Britain’s refusal to participate means it has fallen well short.
via Now it’s Osborne’s turn to say “no” to Europe The Tory Diary. My recent IMF speech is here.
Tags: Bailout, George Osborne, IMF