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London - British finance minister Alistair Darling said on Monday that a huge rescue package for crisis-hit euro countries was "a very good deal for Europe".
He was speaking after European politicians agreed on a deal worth over €750bn to stabilise the eurozone, which has been hit hard by the financial crisis in Greece.
"Overall it is a very good deal for Europe, for all of us in Europe, but also in the wider world it is an example of how international communities can work together," Darling told BBC radio.
Britain did not support an EU bailout fund as it is not a eurozone country, but Darling said Britain's exposure through a loan agreement could be up to £8bn if there were 100% default.
"In relation to the overall position, the reason why I wanted to get a European-wide deal is precisely because we are part of Europe, our biggest export market is in Europe, it's in our banks' interest that we get this," he said.
- AFP
