November 22, 2017

G20 finance ministers want the eurozone to boost rescue fund

According to the BBC News, the G20 finance ministers have said that Eurozone countries need to put more money in their rescue fund before G20 nations can step in to help them. They said such a move was “essential” to their decision to provide more resources to the International Monetary Fund (IMF) to help the region. Earlier this month, eurozone leaders set up a permanent bailout fund of 500bn euro. There are concerns the fund may not be able to rescue a deeply indebted state. Any move to boost the eurozone rescue fund is likely to put more pressure on the leading eurozone economies.

Source: Bucharest Herald (read more)

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