G-20 leaders call for Europe to fix finance woes

World Jun. 19, 2012 - 07:19AM JST ( 6 )

The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.

Order by Time Order by Popularity

6 Comments

1

skipbeatJun. 19, 2012 - 01:51PM JST

Brazil, Russia, India and China were among a group of about 30 countries that pledged in April to contribute more than $430 billion to the IMF, almost doubling its lending capacity. The euro area nations pledged about $200 billion, while Japan pledged $60 billion.

Where do these countries get their money to give to the IMF to bail out Spain and other countries? If evey country goes broke and needs bailout money where would the money come from?

U.S. gives billions of dollars in foreign aid to world's richest countries - then asks to borrow it back By Daily Mail Reporter @ http://www.dailymail.co.uk/news/article-1393960/US-gives-billions-foreign-aid-worlds-richest-countries-asks-borrow-back.html

It still boggles the mind.
0

David Quintero NavarroJun. 19, 2012 - 04:20PM JST

Well at least we know they will enjoy some nice Mexican fish tacos and Corona beer while the G 20 saves the world!!
-2

Thunderbird2Jun. 19, 2012 - 05:01PM JST

Barroso took a more aggressive tone, declaring that “the crisis originated in North America” with the collapse of real-estate-linked financial products...

Lest we forget where it all started, so I think America owes it to the rest of the world to do its bit.
0

MadvertsJun. 19, 2012 - 07:19PM JST

It started with the banks.

International scam artists that act within the law with impunity.
0

globalwatcherJun. 20, 2012 - 05:21AM JST

Every paragraph on this topic has an issue. Hope it works.
0

scoobydooJun. 20, 2012 - 08:15AM JST

It simply boils down to greed and a fiat currency. No simple fix here, there's much more trouble to come.