June 21, 2011
U.K. Prime Minister David Cameron reiterated on Tuesday that his country won't be contributing to future European bailout packages to Greece, but stressed the importance to Britain of a stable euro zone.
The U.K., Europe's third largest economy, has mainly been keeping a low profile on this and other European debt crises as it tries to distance itself from any calls for extra cash for troubled euro-zone members.
Britain has contributed money to Greece through the International Monetary Fund, but, not being a member of the euro zone, it feels less obligation to jump into bailouts politicians know will anger the typically euro-skeptic British public.
"We weren't involved in the first bailout, we shouldn't be involved in the subsequent bailout," Prime Minister David Cameron said at a press conference on Tuesday. Mr. Cameron said that given the U.K. has not been involved in the core discussions around a euro zone bailout it "would be quite wrong now to bring Britain into this bailout."
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