Britain boycotts IMF eurozone rescue scheme
Several European countries have agreed to provide 150bn euros (£125bn; $194bn) to the International Monetary Fund.
Germany, Italy and Spain have agreed to contribute to a scheme that could be used to help countries in the eurozone struggling to pay their debts.
But Britain's decision not to take part in the scheme meant EU finance ministers failed to reach their target sum of 200bn euros.
Wendy Urquhart reports.
20 Dec 2011
- From the section Europe