"Chancellor George Osborne will today insist that Britain should not be part of any new aid package to bail-out the beleaguered Greek economy.

"The UK was not involved in the original 110 billion euro (£96.5 billion) deal approved a year ago, which was put together by the eurozone countries to help save one of their own.

"The only UK commitment came from its share of an International Monetary Fund contribution, in the form of loan guarantees which would only be called in if Greece defaults."

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