Tuesday, 29 November 2011

China Backs Additional IMF Funding but Not Earmarking Money for EU


BEIJING—China continues to back additional funding for the International Monetary Fund, but it doesn't want that money earmarked for Europe, said an individual familiar with China's position
http://tinyurl.com/7ro4378

EU Mulls Central Bank Loans to IMF as Last Resort
The euro zone is discussing the option of financing emergency help for Italy or Spain by using money from national central banks to boost International Monetary Fund resources - but only as a last resort, euro zone officials said

http://www.foxbusiness.com/markets/2011/11/29/eu-mulls-central-bank-loans-to-imf-as-last-resort/