Advertise On EU-Digest

Annual Advertising Rates

12/23/11

Canada could pay into IMF Europe fund, Flaherty says

Finance Minister Jim Flaherty says Ottawa would be open to paying into a bailout fund for Europe administered by the International Monetary Fund — as long as it was supported by the other G20 countries.

"There's some sense around the world that if at the end of the day we have to provide some help somehow, that we would not turn a blind eye to it because of the world consequences of the collapse of the eurozone," Flaherty said Thursday on CBC-TV's Power; Politics with Evan Solomon.

"If at the end of the day all of the other G20 countries were going to provide more resources to the IMF, and let the IMF deal with part of the situation in Europe, then I think there would be support for that overall, because of the fear, quite frankly, around the world of a global economic crisis."

For more: Canada could pay into IMF Europe fund, Flaherty says - Business - CBC News

No comments: