Eurozone falling short on funds to IMF

This is not encouraging. The Eurozone countries are falling short of the $200 million they pledged to the International Monetary Fund at the December 9 summit. Via EUobserver.com: 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 ...

By , a professor at Indiana University’s Hamilton Lugar School of Global and International Studies.

This is not encouraging. The Eurozone countries are falling short of the $200 million they pledged to the International Monetary Fund at the December 9 summit. Via EUobserver.com:

This is not encouraging. The Eurozone countries are falling short of the $200 million they pledged to the International Monetary Fund at the December 9 summit. Via EUobserver.com:

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, amounting to a total of €150 billion.

David Bosco is a professor at Indiana University’s Hamilton Lugar School of Global and International Studies. He is the author of The Poseidon Project: The Struggle to Govern the World’s Oceans. Twitter: @multilateralist

Tags: EU, IMF

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