|UK Demands Germany Keep Funding EU Bailouts|
|by Tom McGregor||Wed, Jun 6, 2012, 06:45 PM|
British Prime Minister David Cameron is trying to avoid paying for bailouts of EU banks by forcing Germany to write the bailout checks. Cameron may have gotten the idea on a recent trip to the White House.
According to the Daily Mail of London, “Cameron warns Merkel to act now on Spanish banking crisis or face break-up of euro. They will meet today for crucial talks on the Eurozone debt crisis.”
Apparently, PM Cameron will be begging today for Angela Merkel to put more German money behind an ‘immediate’ rescue plan for the euro – or begin planning for the collapse of the single currency.
As reported by the Mail, “the Prime Minister is due in Berlin for talks with the German chancellor as fears grow about the debt crisis engulfing the eurozone.”
Spain is moving closer to requesting a $100 billion bailout of its banks yesterday after confessing that it can no longer find funds on global markets, while six German banks were struck by a credit rating downgrade.
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