Euros being printer
Media playback is unsupported on your device
Video

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
Go to next video: Draghi has 'no doubts' over the euro