Cameron rules out putting extra €30bn into IMF

Article reported that United Kingdom Prime Minister David Cameron dashed hopes in the eurozone in December 2011 that Britain could commit at least €30bn in extra resources to the International Monetary Fund to help countries stricken by the financial crisis, including those in the eurozone.

Downing Street said it did not expect Britain to commit more than an additional £10bn to the IMF and that extra support from the international community should not be a substitute for the eurozone sorting out its own fiscal crisis.

Eurozone countries announced at the European Council, Brussels, 8-9 December 2011 that they expected the 27 EU members to contribute an additional €200bn to the IMF to help 'deal with the crisis', although there was no breakdown of how much each country might contribute.

BBC News, 19.12.11: Britain boycotts IMF eurozone rescue scheme http://www.bbc.co.uk/news/world-europe-16259150

EurActiv, 20.12.11: UK stymies eurozone’s €200 billion IMF target http://www.euractiv.com/euro-finance/uk-stymies-eurozone-200-imf-target-news-509830

ESO: Background information: Cameron stands by EU summit veto http://www.europeansources.info/record/cameron-stands-by-eu-summit-veto/

ESO: Background information: Eurozone officials push €150bn IMF loan deal http://www.europeansources.info/record/eurozone-officials-push-e150bn-imf-loan-deal/

EUObserver, 20.12.11: EU states fail to cobble together €200bn for IMF http://euobserver.com/19/114685

Spiegel Online International, 20.12.11: Britain Refuses to Boost IMF Aid for Euro Crisis http://www.spiegel.de/international/europe/0,1518,804814,00.html

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