The IMF has suggested a new bailout package of between 80 billion and 100 billion euros to cover Greece’s funding needs between 2011 and 2013.
Under the current 60 billion euros bailout, Britain is liable for up to 3.6 billion euros, due to commitments under the IMF and the European Financial Stability Mechanism. Chancellor George Osborne suggested that Britain could be a “reluctant partner” in any further bailout, that is, a partner nonetheless.
As usual, the Tories spout anti-EU rhetoric but in practice comply willingly with EU demands. ■