UK's Huge New Euro Bailout: As Rescue Talks Collapse In Chaos, Our Taxpayers Face ANOTHER Massive Bill To Prop Up Single Currency -- Daily Mail
* Efforts to thrash out a rescue deal in chaos after meeting with finance ministers cancelled
* Cameron will say a bigger bailout fund is necessary to avoid economic catastrophe
* Britain has already forked out around £12billion to bail out Ireland, Greece and Portugal
Britain was facing a new multi-billion-pound bill to prop up the euro last night as the single currency teetered on the brink of collapse.
Efforts by France and Germany to thrash out a rescue deal descended into chaos as a meeting of EU finance ministers scheduled for today was cancelled at the 11th hour because of lack of progress.
More than £18billion was wiped off the value of shares in London in just 20 minutes when EU officials also warned that a separate make-or-break leaders’ summit today in Brussels would also fail to end the crisis.
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Update: EU crisis talks in limbo after crucial summit is cancelled -- The Telegraph
My Comment: Now I know what the Romans felt Rome was burning and Nero was "playing his violin".
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