Britain refuses to back EU bailout of Greece

[discostu]

According to Dunphy on Newstalk breaking news Britain refuses to back bailout a figure of $60bn was mentioned

[discostu]

Closest I could find to a link, implications for markets, exchange rates??

news.ph.msn.com/business/article … id=4077317

Britain said on Sunday that it will refuse to underwrite a European Union bailout fund worth some 60 billion dollars that finance ministers want to agree at emergency talks in Brussels.

“We wouldn’t participate in a European bailout fund,” a British diplomat told AFP of moves for all 27 EU member states to guarantee borrowings destined to bailout troubled economies in the crisis-hit 16-nation eurozone

[Arthur_Daley]

Hardly surprising. They’ve other concerns at the minute.

[mr_anderson]

As they are not in the Euro, do they have to ?

[Open_Window]

Good thing Ireland will have robust representation at these “emergency talks”

[discostu]

Hardly surprising. They’ve other concerns at the minute.

You mean Man Utd/Chelsea??? everything else is more of the same

[Rick_Flair]

Britain doesn’t have a government at the moment. Who is making such decisions?

[Open_Window]

NWO whoopsie

[jonny]

This is seperate to the Greek bailout, its for any potential next crisis.

And the UK government remains the same until the Queen’s speech vote.

[Arthur_Daley]

This is seperate to the Greek bailout, its for any potential next crisis.

And the UK government remains the same until the Queen’s speech vote.

Sure, but Britian’s budget deficit is proportionally greater than Greece’s , and their not in the eurozone, so I’m thinking this is low priority.

[tinneym]

I thought this thing was majority rules so they’ve no choice?

[Blue_Horseshoe]

From the Guardian
[

“What we will not do and what we can’t do is to provide support for the euro,” the Chancellor said. “That has got to be for those countries that use the euro, that are members of the euro group.”

](https://www.guardian.co.uk/politics/2010/may/09/alistair-darling-eurozone)

Right Alistair Darling, as the joint fourth largest contributor to the IMF, (behind the US (17.9%), Japan (6.12%) then Germany (5.98), and tied with France (4.94%) based on Quota) does that mean the UK will try to stop its contributions being used in support of the Euro? … Thought not.

What rubbish, it’s just intended for domestic consumption.

The Eurozone support/aid/bailout package is still intact.

Blue Horseshoe

IMF Quota info imf.org/external/np/exr/facts/finfac.htm

[jabaar]

Europe tells Britain not to ask for help in a crisis

telegraph.co.uk/news/worldne … risis.html

Jean-Pierre Jouyet, a former French Europe minister and the current chairman of France’s financial services authority, yesterday predicted only “God would help” a rudderless Britain after it snubbed its euro zone neighbours.

“There is not a two speed Europe but a three speed Europe. You have Europe of the euro, Europe of the countries that understand the euro … and you have the English,” he said.

“The English are very certainly going to be targeted given the political difficulties they have. Help yourself and heaven will help you. If you don’t want to show solidarity to the euro zone, then let’s see what happens to the United Kingdom.”

Nice

[Septic_Crank]

France is still upset at Cameron and Osborne’s cracks about hidden dwarfs and Sarkozy boxes.

[lord_vader]

well i think both sides have a point

how the fuck can a bankrupt country be expected help bailout another bankrupt country?

Why the fuck should anybody help the brits when they go under? They mstill cling to their notions of empire, they are trying to rob Argentine oil FFS.