Cable Forum - View Single Post

**Damien** · 10-11-2011, 11:52

The main way the UK would be affected would not be via our previous contributions to the IMF - that's already written off - but by banks having to write off any debts they are owed by Italian banks (or by other banks who are exposed to Italian banks).

10-11-2011, 11:52	#194
Damien Remoaner Cable Forum Team Join Date: Mar 2004 Posts: 32,907	Re: Eurozone will collapse... The main way the UK would be affected would not be via our previous contributions to the IMF - that's already written off - but by banks having to write off any debts they are owed by Italian banks (or by other banks who are exposed to Italian banks).