Daily Israel Report
21:05
Reported

News Brief

  10/15/2011, Tishrei 17, 5772

France Pushes G-20 for Stronger IMF Role in Europe


France pushed on Saturday for the International Monetary Fund to play a larger role in efforts to stop the spread of Europe's debt crisis, but other heavyweights from the Group of 20 club of wealthy and developing nations were resisting any such expansion, according to officials.


The International Monetary Fund, the world's lender of last resort for cash-strapped countries, has funded about a third of the cost of the bailouts of Greece, Ireland and Portugal.