Europe Faces Pressure as G-20 Mulls IMF Role
From bloomberg.com
The U.S., Chinese and Japanese officials say they will press euro-area countries to do more to merit outside help when the world’s largest economies gather tomorrow for a meeting dominated by Europe’s sovereign-debt woes just days after Greece secured a second bailout. European officials will push other Group of 20 nations to commit fresh cash to the International Monetary Fund to help defuse the region’s fiscal crisis, while the Obama administration says Europe now must first strengthen its firewall to prevent debts of countries such as Italy and Portugal from becoming unsustainable. G-20 finance ministers and ...
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