Osborne offers increased hope to eurozone
Andrew Grice has been Political Editor of The Independent since 1998. He was previously Political Editor of The Sunday Times, where he worked for 10 years, and he has been a Westminster-based journalist since 1982. His column, Inside Politics, appears in The Independent each Saturday.
Tuesday 17 January 2012
Britain could help struggling eurozone countries by increasing its payments to the International Monetary Fund by billions of pounds, George Osborne, pictured, said yesterday.
The Chancellor's move might enable Britain to rebuild bridges with its European Union partners.
The UK has already handed over £30bn of the £40bn it has earmarked for the IMF and would need parliamentary approval to send more than £10bn to it.
Finance ministers of the G20 group of the biggest economies will discuss IMF funding in Mexico next month.
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