VALENTINE'S Gifts

Save an extra $10 on flights for summer with coupon code SUMMER10!

Valentine Gifts InternationalValentine’s day gift, EarringMaster, pierced earring holder, jewelry organizer, jewelry boxes, travel organizer, Christmas gift, mother’s day gift, birthday gift

Find

Saturday 15 October 2011

CBS News - IMF to rescue eurozone from debt crisis? Oct 15, 2011

World Monetary Fund President, Christine Lagarde, speaks to the media during a press conference at French finance ministry in Paris, Saturday, Oct. 15, 2011. (AP Photo/Michel Euler)

(AP)

PARIS - The finance chiefs of the world's leading economies opened the door Saturday for the International Monetary Fund to play a bigger role in fighting the eurozone's escalating debt troubles.

The Group of 20 rich and poor nations asked the IMF to draw up a list of new tools to stop countries under severe market pressure from toppling into a full-blown crisis that could have global repercussions.

That appeared to be targeted directly at Italy and Spain, the eurozone's third and fourth largest economies, which have seen their funding costs spike in recent months as worries over the currency union's ability to stomp out the crisis intensified.

No comments: