E.U. Leaders Turn to I.M.F. Amid Financial Crisis - by Carter Dougherty
The leaders of Germany, Britain, France and other European nations called Sunday for the resources of the International Monetary Fund to double, to $500 billion, to help head off new problems in countries already hit hard by the global economic and financial crisis. Eyeing a contagion that is rapidly spreading to eastern Europe and even countries that use the euro, the leaders highlighted the crisis-prevention role of the I.M.F., an institution whose relevance to the current global economy seemed in doubt only a few years ago.
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