Thursday, October 27, 2011

UK No Money for IMF - Eurozone Crisis





Telegraph Live: Reports that the UK Chancellor of the Exchequer George Osborne has stated that the UK will not be putting money through the IMF as part of the EU bailout. This will go down well with the right wing Conservative backbench MPs, but as with all things EU, there is a catch, if a specific request for funds from the IMF for the Euro comes through the UK will say no, the answer is less clear if a call for general funds comes, funds that would end up in the Euro. The right wing MPs and the press will have to keep an eye on the IMF and the UK Treasury.

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