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http://uk.news.yahoo.com/21/20101112/tuk-call-for-calm-over-bail-out-jitters-e1cd776.html 

Britain has joined leading eurozone countries to try to calm nerves over a possible European Union bail-out of Ireland. 

Call for calm over bail-out jitters Enlarge photo

Ireland's economic woes have been a hot topic at the G20 summit in Seoul after market jitters about a possible debt default pushed yields on Irish 10-year bonds up beyond 9%.

UK Chancellor George Osborne held a meeting on the fringe of the summit with his German and French counterparts.
There had been concern in the markets over German moves to force private investors to bear a share of the burden in future bail-outs of countries in fiscal crisis.
But a joint statement released by Britain, France, Germany, Italy and Spain made clear that "any new (bail-out) mechanism would only come into effect after mid-2013 with no impact whatsoever on the current arrangements".
It is unusual for the UK to get involved in the bail-out mechanism for eurozone countries, as chancellors have previously insisted this is a matter for members of the single currency.
But Mr Osborne said: "We should support the Irish government in the steps that it is taking."
Dublin is expected to release a deficit reduction plan in the coming weeks to rein in a deficit which has reached 32% of GDP