Recession invites a return to financial crisis at a moment when there is no guarantee of more public money to bail out the banks.

ECONOMIST: Japan��s economy

Asked how the government could guarantee that no extra UK money for the IMF would bail out the eurozone, Mr Hoban said all contributions go towards its "general resources" and of 53 IMF programmes worldwide at the moment, only three were in the eurozone.

BBC: Eurozone crisis: Right to boost IMF funds, Cameron says