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Non-euro countries are €24bn short (Photo: aranjuez1404)

EU states fail to cobble together €200bn for IMF

Eurozone countries on Monday (19 December) agreed to pay €150bn to a special IMF fund but failed to reach their total ceiling of 200bn among all EU states, as pledged at a summit on 9 December, with Britain refusing to contribute to the euro-saving scheme.

After a three-hour long conference organised by Jean-Claude Juncker, Luxembourg's Prime Minister and head of the informal group of eurozone finance ministers, only the contributions of the euro countries were clearly spelled out, am...

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Non-euro countries are €24bn short (Photo: aranjuez1404)

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