Monday, January 30, 2012

Davos Meeting:IMF Calls For Billions More In Bailouts for Europe


Jan 27, 2012
Finance chiefs at the World Economic Forum in Davos have been trying to reassure business leaders about Europe's efforts to resolve its crisis.

Supported by the US, the IMF is putting more pressure on Europe to pile extra money into its rescue fund, and the US will not put more money into the IMF until EU leaders strengthen their bail out fund.

There are also signs that Greece is nearing a key deal with private bondholders to reduce its debt.

Al Jazeera's Andrew Simmons reports from Davos.





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