Friday, 4 November 2011

ABC News, Australia - No new money for eurozone as G20 ends, Nov 04, 2011

World leaders at G20 Summit
"The eurozone has won verbal support but no new money at a G20 summit for its tortured efforts to overcome a sovereign debt crisis, while Italy has been effectively placed under IMF supervision.
xLeaders of the world's major economies meeting in Cannes told Europe to sort out its own problems and deferred until next year any move to provide more crisis-fighting resources to the International Monetary Fund.
x"There are hardly any countries here which said they were ready to go along with the EFSF (eurozone rescue fund)," German chancellor Angela Merkel told a news conference."

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