Osborne says UK contribution to Greek loan will be fully protected

Britain on Thursday said it had secured a legally binding deal with other European Union countries to fully protect any British money used in a 7 billion euro bridge loan to Greece. Earlier European Commission head Jean-Claude Juncker said EU finance ministers had agreed to use the European Financial Stability Mechanism for a 7 billion euro bridge loan to Greece until the country negotiates its next full bailout. Britain had initially baulked at the use of the EFSM, which is backed by all member