G20 moves to line up huge rescue deal for April

[dipsydoodle]

Reuters) - The world's leading economies worked on Sunday to line up a deal in April on a second global rescue package worth nearly $2 trillion to stop the euro-zone sovereign debt crisis from spreading and putting at risk the tentative recovery.

Germany said it would make a decision some time in March on strengthening Europe's bailout fund, a move other Group of 20 countries say is essential to clear the way for throwing extra funds into the International Monetary Fund.

The two actions are part of the G20's efforts to build up massive international resources by the end of April - when the group next meets - and convince financial markets they can stem the euro-zone's deep problems.

It would mark their boldest effort since 2008, when the G20 mustered $1 trillion to help rescue the world economy.

http://uk.reuters.com/article/2012/02/26/uk-g-idUKTRE81O0KA20120226

[dixiegrrrrl]

1. How can more debt fix a debt problem????

"throwing extra funds into the International Monetary Fund".

All these austerity measures are destroying what little ability the economy had of working, yet they want to throw more money into the a black hole so the debtors don't suffer losses?

[marmar]

2. ........

[Vincardog]

3. ALL these "rescues" are simply the economic Royals extorting payoffs from the rest

of us. They are all designed to keep their criminal enterprises running a little longer.
They can only end in one way. The Banksters have to write off the debt they created out of thin air.
The Bastids that wrote "insurance" against the fraudulent securities failing need to forfeit all their assets (Public and private)
refund all premiums paid and go to jail.

[Earth_First]

4. Crooks, thieves, and liars...

I cannot wait until you see what we have in store for you in Chicago!

[bluestateguy]

5. Greek's bailout of the week

I have lost track of them all by now.

[dipsydoodle]

6. G20 to Europe - show us the money

(Reuters) - Leading economies told Europe it must put up extra money to fight its debt crisis if it wants more help from the rest of the world, piling pressure on Germany to drop its opposition to a bigger European bailout fund.

Euro zone countries pledged on Sunday, at a meeting of finance leaders from the Group of 20 economic powers, to reassess next month the strength of their bailout fund.

This would be "essential input" when it comes for the G20 countries to consider putting more money into the International Monetary Fund's crisis war chest, G20 finance ministers and central bankers said in their final communique after two days of meetings here.

"There is broad agreement that the IMF cannot substitute for the absence of a stronger European firewall and the IMF cannot move forward without more clarity on Europe's own plans," U.S. Treasury Secretary Timothy Geithner said.

http://uk.reuters.com/article/2012/02/27/uk-g-idUKTRE81O0KA20120227