(British) Families face £ 5,000 bill to bail out debt-stricken Euro nations

Britain could be asked to find £ 115billion to rescue debt-stricken countries – nearly £ 5,000 per household. Fears were growing last night that the International Monetary Fund might not have enough cash for a global bailout of struggling economies. Its crisis fund may need to grow ten-fold – meaning a huge increase in contributions from the UK. Christine Lagarde, the managing director of the IMF, said the current war chest of around £ 250billion 'pales in comparison with the potential financing needs of vulnerable countries' and needs to be expanded to deal with 'worst-case scenarios'. (Excerpt) Read more at dailymail.co.uk …