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Thu 03 Mar 2009EU may lend up to $100bn to IMF - report
The European Union may lend $75-100 billion to the IMF to boost its lending capacity, under a draft agreement produced today, but the union stuck to its rejection of US calls to spend more on cushioning the global downturn.
Leaders of France and Germany shunned the US demands, telling a news conference in Berlin that the focus of upcoming G20 talks should be on agreeing to tighter regulations.
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