Yesterday the German government has pointed out that Britain would need to assist the new EU bailout financially. This bailout is being negotiated for Greece though David Cameron has repeatedly saying that the issue is a "red line" for the government.

There has been different messages received from Berlin and London, it is expected that this would have a conflict between Germany and Britain at an EU summit opening. The summit will be held in Brussels on Thursday.

It is expected that this will allow the cry of protest from the eurosceptic media and the prime minister's backbenchers if he is compelled to vow more for Greece's rescue.

The new bailout is expected to come from a €440bn and this will be twice for Greece to have in a year. It will be aided by the other 16 governments of the eurozone.

Senior German government officials has stated that European commission-administered fund of €60bn will be made. For this fund Britain is also responsible. This funding is named as the European financial stability mechanism
(EFSM). And this should be also included in the purposed Greek rescue.