Saturday, June 18, 2011

"The UK Should NOT Help Bailout Greece", June 18 2011

UK Daily Mail

Britain will not fund a second EU bail out of Greece, a Government official in Brussels said today.The spokesman said any help for the Mediterranean country – which is on the verge of defaulting on its debt – should be funded by eurozone countries only.

That was the case when the EU stepped in to prop up the Athens regime with a £95billion loan last year, but the crippled Greek economy had raised fears that other countries could be asked to help avert financial disaster.

Experts warn any default by Greece could trigger a Lehman Brothers-style credit crisis.

Germany and France have already signalled there is no reason for London to pay a share of any repeat bail-out.

Full article here

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