UK will act to support markets, but no support for euro

LONDON, May 9 (BestGrowthStock) – British finance minister Alistair
Darling said on Sunday it was important to do everything
possible to stabilise the financial markets, but his country
would not provide support for the euro.

He was speaking in Brussels where European Union politicians
are discussing the possibility of a new European stabilisation
mechanism to try to persuade markets that the euro is a stable
currency and to stave off another Greek-style debt crisis.

“We need to show again today that by acting together we can
stabilise the situation, we do not want to jeopardise the
recovery that is slowly taking place. And we will play our part
in that,” he told reporters.

“But when it comes to supporting the euro, obviously that is
for the eurozone countries.”

Britain, a member of the EU, has not joined the euro single
currency.

Investment

(Writing by Avril Ormsby; Editing by Keith Weir)

UK will act to support markets, but no support for euro