jukido
Joined: 31 Aug 2011
Posts: 207
|
 Posted: Sun Sep 25, 2011 3:59 am Post subject: The IMF says it will take decisive action |
 |
|
The IMF says it will take decisive action to tackle the eurozone debt crisis and support the global economy.
In a communique on Saturday, the global lender said it would review the resources it had available to tackle the crisis.
The statement added that eurozone nations would do "whatever necessary" to resolve Europe's debt crisis.
Following the statement, UK chancellor George Osborne said there was "no plan" for a Greek default.
However, the communique, issued during a meeting between G20 finance ministers, the IMF and the World Bank, did not give specifics on whether extra funds would be available to the global fund.
"Our lending capacity of almost $400 billion looks comfortable today but that pales in comparison with the potential financing needs of vulnerable countries and crisis bystanders," said IMF managing director Christine Lagarde in an action plan presented to the fund's policy steering panel.
IT Support UK
Mercado de Divisas |
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
