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Barroso: UK should contribute to Greek rescue

October 11, 2011

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BERLIN—The President of the European Union's executive says nations within the bloc who have their own currency such as Britain should also contribute to a Greek bailout.

European Commission President Jose Manuel Barroso told German tabloid Bild in an interview published Tuesday that all 27 European nations have a stake in the Greek rescue, for a tumbling eurozone would "bring all countries in difficulties."

Bild further quotes him as saying that "London has no obligation to help Greece," adding that he "would wish that all countries that are financially able to do so show support."

The United Kingdom, which uses the pound sterling, is Europe's biggest economy outside the 17-nation eurozone.

Heavily indebted Greece was bailed out with an international euro110 billion ($150 billion) rescue loan package last year.

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