answer text |
<p>The UK government has no exposure to Greece through its euro area loans. The Government
has secured a deal that protects UK taxpayers from any risk from financing euro area
bailouts now and in the future. This deal gives legal force to the commitment secured
in 2010 that UK taxpayers would not be drawn into a euro area bailout.</p><p> </p><p>
</p><p> </p><p>As a shareholder in the International Monetary Fund (IMF), the UK has
an indirect exposure to Greece through the IMF’s overall lending. Our ultimate exposure
to any IMF lending programme would be in line with our quota shareholding (around
4.5 per cent).</p><p> </p>
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