G20 Demands Euro Zone to Increase Its Rescue Fund

The world’s leading economic powers said they would not allocate more money to fight euro zone debt crisis until the European members increase their own contributions. According to the statement issued by G20 finance ministers in Mexico City last night, euro zone leaders are required to increase their own rescue fund before any more external resources were allocated via the International Monetary Fund. Earlier this month, euro zone leaders set up a permanent bailout fund of 500 billion euro,

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