osborne resists use of uk backed eu fund for greek emergency loan /

UK chancellor says Britain paying towards bailout help is ‘non-starter’ but European commission considers idea of loan that would include £850m from UKEurope is split over whether Greece could be offered an emergency loan from a central EU fund in a stagger that could require around £850m of financial support from the UK.
George Osborne,the chancellor, is furiously opposing the idea, or saying it is a “non-starter”,but the European commission confirmed it was under consideration in spite of British objections and German scepticism approximately the arrangement.
Continue reading...




,

Source: theguardian.com