Will the UK have to give even more to the IMF’s Euro fund?

16th December 2011

The Telegraph hones in on the fact that, like it or not, the British taxpayer may well be called upon to intervene.

The chief of the IMF, Christine Lagarde said: "There is no economy in the world, whether low-income countries, emerging markets, middle-income countries or super-advanced economies that will be immune to the crisis that we see not only unfolding but escalating."

That suggests Britain would be expected to contribute more. It might also include China, the US and developing countries such as Brazil. Russia has agreed to contribute around euro 10 billion as part of horse trading which will see the requirement for Russian citizens to obtain a visa to enter the Eurozone dropped.

But even within Europe, excluding the UK, fierce debates continue over the extent of the contributions as the Euractiv website reports here.

Germany's contribution does appear to be increasingly likely but that too has international strings attached.

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