MEXICO CITY (Reuters) – Germany is easing its opposition to a bigger European bailout fund, officials said, smoothing the way for the world’s leading economies to secure nearly $2 trillion in firepower to prevent further fallout from the euro-zone’s sovereign debt crisis. Finance leaders from the Group of 20, meeting in Mexico City this weekend, are trying to build up massive international resources by the end of April to convince financial markets they can prevent the euro-zone’s deep problems from inflicting more damage on a still-fragile world recovery. …

Quoted from G20 inches toward $2 trillion in rescue funds on Yahoo! News – Latest News & Headlines

Germany is easing its opposition to a bigger European bailout fund, officials said, smoothing the way for the world's leading economies to secure nearly $2 trillion in firepower to prevent further Put together, this would total about $1.95-trillion in firepower. But the G20 has no intention of easing the pressure on Europe by giving it a strong signal now that new IMF money is in the Germany is easing its opposition to a bigger European bailout fund, officials said, smoothing the way for the world's leading economies to secure nearly USD 2 trillion in firepower to prevent G-20 Inches Toward $2 Trillion Germany is easing its opposition to a bigger European bailout fund, officials said, smoothing the way for the world's leading economies to secure nearly trillion in firepower to prevent more Tags: inches, toward, trillion, rescue, The finance chiefs next meet in Washington in late April and they showed they will not ease pressure on Europe by giving it a signal now that new IMF money is in the bag. Put together, this would total around $1.95 trillion in firepower. But the has no intention of easing the pressure on Europe by giving it a strong signal now that new IMF money is in Matt Bartolini, head of SPDR Americas Research, predicts the fund will hit billion by the end of the week,” reports Bloomberg.

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