MaranathaMRC.com
Home Site Map   Don's Page Contact Us

 

Maranatha Revival Crusade, PO Box 218, APPLECROSS, Western Australia   6953       

       

Main Menu

Home

MRC
Contact Us
Don's Page
Links
Site Map
 

New Postings

Headlines

Publications
MRC Articles
Books
Millennium Alert
Maranatha! Hope of Glory

Our World

Preparations for War
The New World Order
International Economic Order
Israel & US

God's Word

Prayer/Praise
Prophecy

 

 

IMF SEEKS MORE FUNDS TO GIRD FOR EURO CRISIS

JAN 19/12.  The International Monetary Fund wants to raise hundreds of billions of dollars to boost its financial firepower—despite U.S. resistance—to cope with the effects of Europe's debt crisis. The IMF said it is seeking $500 billion in new lending capacity.

The IMF plans indicate a growing willingness of some nations to bear the costs of rescuing the troubled euro zone, but also a lack of consensus on how to do so.

The fund's latest efforts highlight the grim outlook for the 17-nation euro zone. Euro-zone nations have struggled to raise enough money on their own to contain the crisis because of political and financial obstacles.

The IMF, the world's emergency lender, has almost $400 billion in available resources. While that is plenty for the IMF's usual lending programs to small economies, it is far too little to rescue larger debt-burdened nations such as Italy and Spain.

Europe's financial turmoil also could spark economic crises in other parts of the world. The IMF staff estimated the fund could need about $1 trillion to meet global financing needs in the coming years.  – WALL STREET JOURNAL

http://online.wsj.com/article/SB10001424052970204555904577168461757285158.html?mod=googlenews_wsj

 

   

 

Expression Web Templates

The One who is coming will come, He will not delay