UK may need to provide GBP17.5bn to help struggling EU countries

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Source: Forexfactory
The IMF announced it needs additional GBP323 bn to rescue the EU countries strained by debt crisis, with the UK liable to provide about GBP17.5bn of this amount even despite economic problems. UK's economy is expected to have sunk over the last months, with growth indicating contraction, claimed George Osborne, UK's Chancellor. Britain will attempt to limit its contribution to GBP8.5 billion and require strict terms from the EU.

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