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IMF 'needs $500 billion' to fight crisis

The Sydney News.Net
Wednesday 18th January, 2012 (Source: Sydney Morning Herald)


The International Monetary Fund said it would seek up to $US500 billion in new financial firepower as the European debt crisis increasingly threatens the global economy.

With several European countries veering on recession and Greece on the brink of default, the IMF said it lacks the resources to be the planet's lender of last resort. ...

Read the full story at Sydney Morning Herald



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