Chancellor George Osborne has refused to contribute to the IMF's bailout fund for the EU, Sky News has learned.Read more - Sky News
Mr Osborne told his EU colleagues he will not provide any cash to boost the 200bn euro fund, which is specifically aimed at the troubled eurozone.
The conference call with 26 other EU finance ministers lasted three hours but ended without Britain's agreement to put in up to 50bn euros.
Mr Osborne insisted that while Britain was ready to take part in global efforts to bolster the IMF's coffers, it would not participate in a fund only aimed at the beleaguered eurozone region.
Brought to you by Wyvern Media News
No comments:
Post a Comment