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Greece fund rumours

Greece fund rumours
Number 10 has played down speculation that Britain would have to contribute money to a rescue fund if Greece leaves the euro.

Following reports this morning that Germany was drawing up plans for the UK to help bear the costs of an exit, the Prime Minister's spokesman refused to rule anything out, though, saying: "It is for eurozone countries to support their currency."

Deputy Prime Minister Nick Clegg also told BBC Radio 5live this morning that it was very unlikely Britain would have to contribute "a lot of money" to any fund.

Greece's future in the eurozone remains highly uncertain, with the radical left-wing party SYRIZA announcing it will not join a coalition government which accepts a bailout from the EU.

Leader Alexis Tsipras' decision will probably trigger new elections, which his party could win after seeing a surge in support.

Meanwhile, German and French leaders Angela Merkel and François Hollande are to have their first face-to-face talks in Berlin since Mr Hollande's election.

Mr Hollande wants to reorinentate European economic policy away from austerity, which he says is self-defeating and ruining the continent's chances for growth.

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