The Malta Independent 28 May 2024, Tuesday
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Don't count on us for Greek rescue money, Britain tells eurozone countries

Associated Press Tuesday, 14 July 2015, 10:56 Last update: about 10 years ago

British Treasury chief George Osborne came to a European Union meeting of finance minister with a clear message — don't expect Britain, which is not part of the euro, to pay for any of Greece's rescue money.

After the 19 eurozone leaders reached a tentative deal to keep Greece from financial collapse on Monday, the focus turned to how to get Greece a first, small loan so that it can meet looming debt repayments.

Osborne says Britain, one of the nine EU nations not part of the euro, will be staying out.

He said ahead of an EU finance ministers' meeting: "The idea that British taxpayers are going to be on the line for this Greek deal is a complete non-starter. The eurozone needs to foot its own bill."

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