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Chancellor George Osborne has refused to contribute to the IMF's bailout fund for the EU, Sky News has learned.
Mr Osborne told his EU colleagues he will not provide any cash to boost the 200bn euro fund, which is specifically aimed at the troubled eurozone.
The conference call with 26 other EU finance ministers lasted three hours but ended without Britain's agreement to put in up to 50bn euros.
Mr Osborne insisted that while Britain was ready to take part in global efforts to bolster the IMF's coffers, it would not participate in a fund only aimed at the beleaguered eurozone region.
Originally posted by illuminnaughty
Did any one catch that interview with Ms Le pen, last night? On Sky News. She also wants to pull out of the euro, she is leader of the Front National Francais. A French right wing goose stepper. Sarkozy had best watch him self. The next french elections will be interesting to say the least. She agrees with Cameron 100%.