Cannes, 04/11/2011 (Agence Europe) - On Friday 4 November, the G20 summit in Cannes decided to boost International Monetary Fund resources and although no beneficiaries were mentioned, it is likely that this is to provide the eurozone with cash to alleviate the sovereign debt crisis and is connected with the boosting of the coffers of the EFSF, the eurozone's bailout fund (European Financial Stability Fund).
The president of the European Council said on Friday 4 November at the end of the...