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No Greece private sector deal for UK banks: Treasury
LONDON : No specific proposals have been tabled for Britain's banks to get involved in any private sector deal regarding
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The Observer newspaper had reported the government wanted British banks to take losses on their Greek bonds as part of a Europe-wide plan to prevent Greece's debt problems spiralling into a wider financial crisis.
"HM Treasury is monitoring the situation closely, but no specific proposals for private sector involvement have been tabled," said a Treasury spokeswoman.
Britain's "Big Four" banks -- Lloyds , Barclays , Royal Bank of Scotland and HSBC -- have a relatively small exposure to Greece. They have a larger exposure to other struggling eurozone economies such as Ireland and Spain.
Copyright Reuters, 2011