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IMF chief Lagarde welcomed the firewall boost, but Canada's finance minister says it's not enough (Photo: European Council)

EU hoping for IMF boost after firewall increase

EU ministers are hopeful their decision to raise the combined ceiling of two eurozone bail-out funds to €700 billion will be enough to secure an increase in contributions from the International Monetary Fund (IMF).

A two-day meeting of EU finance ministers in Copenhagen ended on Saturday (31 March) with renewed appeals to foreign countries to step up their contributions to the IMF war chest.

"It's important to ensure the IMF has sufficient resources to play its systemic role in...

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IMF chief Lagarde welcomed the firewall boost, but Canada's finance minister says it's not enough (Photo: European Council)

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