Monday, February 27, 2012

Stocks and the euro fell.

The Stoxx Europe 600 Index (SXXP) retreated 0.8 percent at 12:02 p.m. in London. The euro was down 0.3 percent at $1.3402 at 1:03 p.m. Frankfurt time.

The G-20 concluded that a European review of its financial firewall in March is “essential” before any consideration can be made to boost resources for the IMF, the G-20 said in its closing statement issued in Mexico City yesterday. Progress will be assessed in April, when officials gather in Washington for the IMF’s spring meetings.
“Until we see the color of their money, I don’t think you are going to see any money from the rest of the world,” U.K. Chancellor of the Exchequer George Osborne said in an interview in Mexico City.

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