As has been expected, David Cameron’s government in England declined to provide capital to assist the International Monetary Fund (IMF) and its band aid of the European Union’s ever growing financial crisis.

Money quote:

Four countries not using the single currency also pledged to add to the IMF war chest while Britain refused to commit, preventing officials from reaching the 200 billion-euro target to ease the euro area’s home-grown debt burdens. The U.K. will “define its contribution” in early 2012, euro finance ministers said in a statement after a conference call yesterday

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