December 18, 2011
Eurozone finance ministers are expected to finalise a €150bn contribution to the International Monetary Fund, giving it greater firepower to lend to governments afflicted by the continent’s debt crisis, but the UK’s reluctance to join the effort is dimming chances of reaching the €200bn target that European leaders set earlier this month.
The precise details of member states’ contributions will be the main topic of discussion during a conference call on Monday featuring the European Union’s 27 finance ministers.
EU officials have been trying to persuade the UK – one of the bloc’s biggest economies – to pledge at least €30bn toward the effort, but David Cameron, prime minister , has repeatedly rebuffed them.
More
No comments:
Post a Comment