UK, Japanese Officials Weigh In on More IMF Lending
Tweet
Share
E-mail
The U.K.’s Chancellor of Exchequer, George Osborne, and Japan’s Finance Minister, Jun Azumi, are quoted in an article in the Financial Times newspaper, stating both countries are willing to be more supportive of the IMF, but would only increase the Fund’s resource base if the currency bloc would be more willing to meet certain conditions.
The Chancellor and Minister both later went on to reaffirm their concerns with the Volcker rule, Dow Jones reported Thursday morning.
"Crucially, IMF resources cannot be a substitute for further steps by the euro zone to support their currency," Osborne and Azumi said. "The euro zone must increase the resources of its firewall, so the markets can be reassured that it can respond to any eventuality."
The Chancellor and Minister both later went on to reaffirm their concerns with the Volcker rule, Dow Jones reported Thursday morning.
"Crucially, IMF resources cannot be a substitute for further steps by the euro zone to support their currency," Osborne and Azumi said. "The euro zone must increase the resources of its firewall, so the markets can be reassured that it can respond to any eventuality."
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Exclusive-US weighs polysilicon price floor, tariffs to counter China in solar and chips
- Goldman Sachs keeps payroll forecast at 75k despite ADP miss
- Eli Lilly shares pop as weight-loss drug demand fuels guidance hike
Create E-mail Alert Related Categories
General News, Insiders' BlogSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
