"We've had enough and we're not gonna pony up any more cash!"

That's not what UK Chancellor George Osborne said, but that's the gist of it

  • He is trying to block any move by the EU to spend UK taxpayers' money as part of the latest effort to bailout Greece
  • Osborne telephoned European counterparts ahead tomorrow's Brussels meeting
  • Osborne referred to UK PM Cameron saying in 2010 that he had won a "clear and unanimous agreement" that an EU-wide emergency fund would no longer be used to underwrite bailouts of struggling eurozone countries

European Commission president Jean-Claude Juncker is reported to be seeking to turn use European Financial Stabilisation Mechanism (EFSM) money to help Greece