Monday, December 19, 2011

EU to ask Britain for 30.9-billion-euro rescue boost: report

European Union ministers will ask Britain to contribute 30.9 billion euros towards an International Monetary Fund (IMF) package aimed at rescuing the single currency, the Daily Telegraph reported Monday.

Britain will be asked for the cash injection, equivalent to $40.3 billion, when European finance ministers hold talks over the 200-billion-euro fund later Monday, an EU official told the Telegraph.

AFP