Eurozone crisis live: UK faces £30bn EU bailout demand
but :
12.51pm: My colleague Patrick Wintour reports that Prime Minister David Cameron is saying that he will resist any attempts to get the UK to contribute €30bn more to the IMF for an EU bail-out:
Cameron said at the Cannes G20 summit he would be willing to put more money to the IMF, but indicated the additional contribution could not exceed the £40bn ceiling that has already been approved by MPs in a vote in the summer.
The UK has already committed a £30bn contribution, meaning the UK could not commit more than an extra £10bn without a further vote in parliament, something Cameron will want to avoid.
Where this leaves the €200bn IMF loan agreed last week is anyone's guess.
12.37pm: There is a 40% chance of the eurozone breaking up, the Economist Intelligence Unit says:
http://www.guardian.co.uk/business/2011/dec/14/uk-bailout-eurozone-crisis
