EUROPEAN FUND IS 'GOOD IDEA': FRENCH OFFICIAL BRUSSELS, March 8, 2010 (AFP) - France sees the creation of a European version of the IMF to help crisis-hit countries as a "good idea," a government source said Monday, but warned it would require a modification of European treaties and could take years.
EUROPE MOVES TO CREATE RESCUE FUND BRUSSELS, March 8, 2010 (AFP) - Europe moved on Monday toward the creation of a rescue fund of its own, designed to shore up the euro currency should wayward users become trapped by spiralling debts like Greece.
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