CANNES, France (AP) -- Leaders of the world's 20 most powerful economies failed to agree on how to increase the firepower of the International Monetary Fund, so that it can help stem the European debt crisis, though they acknowledged its resources should be boosted.
The leaders struggled to reach concrete resolutions at their summit in the French resort of Cannes that has focused on Greece's political turmoil and worries about Italy that are threatening the world economy.
``It's important that the IMF sees its resources reinforced,'' European Commission President Jose Manuel Barroso told reporters |
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