EURO ZONE::Europe ramps up rescue fund, may turn to IMF – Yahoo! News
By MB Snow at November 30, 2011 | 12:20 am | Print
BRUSSELS/MILAN (Reuters) – Euro zone ministers agreed to ramp up the firepower of their rescue fund, but couldn’t say by how much, and may turn to the IMF for more help as a stunning leap in Italy’s borrowing costs pushed the region closer to financial disaster.
Two years into Europe’s sovereign debt crisis, investors are fleeing the euro zone bond market, European banks are dumping government debt, south European banks are bleeding deposits and a recession looms, fuelling doubts about the survival of the single currency.
http://news.yahoo.com/europe-ramps-rescue-fund-may-turn-imf-040201465.html
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