Britain not to support Euro bailout fund, says chancellor

08:32, May 10, 2010      

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British Chancellor Alistair Darling said on Sunday that Britain cannot and will not support a European Union (EU) bailout fund to help struggling Eurozone economies.

Britain's Chancellor of the Exchequer, Alistair Darling (R), and Prime Minister Gordon Brown visit Blackfriars Train Station in central London March 24, 2010. (Xinhua/Reuters)

In an interview with Sky News television in Brussels, Darling said "I'm very, very clear that if there's proposal to create a stability fund for the Euro, that's got to be a matter for the Eurogroup countries."

"What we will not do and what we can't do is provide support for the Euro," he added. "The responsibility for supporting the Euro must be for the Eurogroup members."

Darling is now in Brussels to attend an EU finance ministers' meeting. Talks are to take place on an EU bailout fund worth some 60 billion Euros to help indebted Euro nations in the wake of the Greek financial crisis.



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