Downing Street Says

» Monday, May 9, 2011

Greece

Asked about any implications for the UK if there was a further bail-out, the PMS replied that the bail-out was currently between the IMF and the Eurozone and as things stood, there was no proposal for the UK to participate in any further bail-outs. As the Chancellor had said, we did not want to be a part of any bail-out for Greece, but the Government was part of an existing mechanism due to decisions made in the past.

Put that the UK still had potential liabilities, the PMS said that we did; we were signed up to an existing mechanism that was signed up to by the previous Government.

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Greece

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