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EU finance ministers to discuss IMF loans
AGENCIES | Brussels, December 19, 2011 16:18
Tags : EU | Euro | Rupee | dollar | financial crisis | downturn | debt | money | monetary fund | IMF | Poland |
Tags : EU | Euro | Rupee | dollar | financial crisis | downturn | debt | money | monetary fund | IMF | Poland |
A spokesman for the Polish delegation to the European Union says that EU finance ministers will discuss how much money their countries will lend to the International Monetary Fund in a conference call Monday afternoon.
Kacper Chmielewski, whose country holds the revolving presidency of the EU, says the ministers will seek to decide how to split up the (euro) 200 billion ($261 billion) EU leaders promised to send to the IMF at a summit 10 days ago.
The money is meant to boost the eurozone's firewall against the escalating debt crisis.
There were some doubts whether the EU would reach the (euro) 200 billion after several non-eurozone countries balked at having to support the currency union.
The ministers will also discuss in their conference call a new treaty to tighten fiscal discipline.
Issue Dated: Feb 5, 2017
