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Europe Daily Bulletin No. 10587

3 April 2012
ECONOMY - FINANCE - BUSINESS / (ae) euro
EU hopes IMF will give it more cash

Brussels, 02/04/2012 (Agence Europe) - Europeans are hoping that increasing the eurozone's backstop to €700 billion will be enough to get its international partners to provide it with more cash from the IMF. “The firewall looks to us as being absolutely credible”, Vitor Constancio, the European Central Bank vice president, said on Saturday 31 March after the ECOFIN Council meeting in Copenhagen. The day before, Jörg Asmussen, a member of the ECB's Executive Board, said that Europe...

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