PRAGUE (AP) — Britain's Prime Minister David Cameron insisted Thursday that only countries that use the euro should give Greece any more financial assistance.
Greece, which is scrambling to avoid defaulting on its debts, is likely to feature heavily at a summit of the EU's 27 leaders in Brussels over the coming two days. Cameron said he will be pressing his counterparts in the EU to make sure that an EU fund, the European Financial Stability Mechanism, is not tapped as part of any second bailout of Greece. Britain is not part of the 17-country eurozone and will be pressing its counterparts
There's pressure on Britain to contribute something in another multibillion rescue of Greece, as a Greek debt default could have a big impact in Britain too, particularly in its banking sector.
"We should not be using the European financial mechanism for a further bailout of Greece," Cameron said ahead of the Brussels summit following a meeting with his Czech counterpart Petr Necas. "That would be quite wrong and we will oppose it most strongly."
Cameron reiterated that Britain was not involved in last year's euro110 billion bailout of Greece, though it did participate in the financial packages for Ireland and Portugal, when new procedures had been put in place.
"It is eurozone members who are discussing the Greece situation and Britain has not been involved in these discussions at all," he said. "It would be quite wrong now to ask us to contribute."
With 40 percent of Britain's export going to the states using the euro, Cameron said he hoped they would be able to solve the Greek financial problem.
"We want a successful eurozone," he said.