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G-20 Final Communique: Euro Area To Reassess Firewall Funds In March
The world's most powerful economies on Sunday said that the euro-zone has agreed to examine whether to increase its own rescue funds in March, which would then pave the way for more resources to be lent to the International Monetary Fund, to build up its own firepower. "Euro area countries will reassess the strength of their support facilities in March. This will provide an essential input in our ongoing consideration to mobilize resources to the IMF," finance ministers and central bankers from the Group of 20 nations said in a statement. "We are reviewing options...to ensure resources for the IMF could be ... (full story)