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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