» Monday, June 20, 2011

Greece

Asked what the UK’s potential liabilities were if Greece required a second bail-out, the Prime Minister’s Spokesman (PMS) told the assembled press that he would not get into speculating about another country’s finances. There had been a meeting of Eurozone ministers last night and they had made a statement after that meeting.

Put that we contributed towards the IMF and were we liable to pay anything through the European Union, the PMS replied that people should speak to the Treasury about our position as an IMF shareholder. The PMS said that anything further said here would be taken as speculation on Greece’s finances and he would not be getting into that. Asked if there had been any request put to the Government, the PMS said that there had not been any request.

Asked if Greece would come up at the European Council, the PMS said that it was not on the agenda, but there would be a discussion of the economic situation at dinner. Asked if the Prime Minister would have anything specific to say on the situation, the PMS replied that the Eurozone Finance Ministers met yesterday and had issued a statement following the meeting.

The PMS said that the arrangement in place for Greece involved Eurozone countries and not the UK.

Asked if the UK had signed up to a mechanism that would make it liable for future payments, the PMS said that this Government had signed up to the European Mechanism that would start in 2013. There was no proposal on the table that would involve the UK, but the PMS said he would not get into speculating on Greece.

original source.

Briefing took place at 10:00 | Search for related news

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