Outrage as British Taxpayers Face £600 Million Bill to Fund EU Bail-Out of Greece's Sinking Economy

Greece was last night handed a generous national bailout by its euro partners which will end up costing British taxpayers more than £600million a year.

In a move aimed at shoring up dwindling confidence in the stricken country, the 16 eurozone members announced they would lend 30billion euros this year alone.

But another cash injection from the International Monetary Fund means Britain will have to pay part of a further £13billion bill to prop up Greece in the money markets.

Because the UK contributes 5 per cent of the IMF annual budget, this would equate to a £650million bill for the taxpayer.

Mats Persson, research director of Open Europe - an independent think-tank that promotes reform of the EU - said: 'This move will take Europe into uncharted territory and no doubt cause outrage amongst British taxpayers.'

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