European FMs call for expanding IMF role

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AFP

Euro zone officials announced they would like IMF to expand its role in tackling Europe sovereign debt crisis as the EFSF leverage still does not meet the target. Finance ministers agreed during their meeting to attempt to increase the IMF resources and to allow it join forces with EFSF. Dutch FM, Jan Kees de Jager, told IMF capital reserves should be increased to provide lending money to troubled countries. 

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