Chancellor's Choice for Ending Crisis in Eurozone

Western Morning News, The › May 10, 2010

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Summary

Chancellor Alastair Darling has refused to make a British contribution to a new "European Monetary Fund" to bail out single currency countries facing a Greek-style economic crisis.

But last night he did signal support for doubling an existing pot of EU budget cash for emergency loans to member states facing deficit problems.

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Extract

Chancellor's Choice for Ending Crisis in Eurozone

Both plans were on the table at emergency talks between EU finance ministe...

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