20 Dec '11, 12pm

The reason for the euro and oil rally: - link from @russian_market

PARIS (AFP) - France still believes Britain will help fund a planned International Monetary Fund (IMF) euro zone bailout once other world powers agree to chip in, a minister said on Tuesday, despite London's reluctance to take part. Budget minister and government spokesman Valerie Pecresse told LCI television that Britain's reluctance was largely symbolic and predicted that Prime Minister David Cameron's government would fall into line 'I have no doubt that Britain, once a certain number of G-20 countries agree to fund the IMF, will come to the IMF's aid,' she said. 'What the British don't want is to specifically top up the euro zone, in which they are not members. But I think if it's a question of funding the IMF and solidifying the IMF, they'll agree,' she added. European Union (EU) leaders are trying to fill a 200 billion euro (S$339 billion) war chest to loan to the IM...

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

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