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European countries to create a stronger firewall

By Yasushi Azuma

The Group of 20 leading economies are likely to say additional efforts by European countries to create a stronger firewall are a prerequisite for boosting the International Monetary Fund’s resources to address the eurozone sovereign debt crisis, when their finance chiefs release a communique after their two-day meeting on Sunday.

During the working dinner session, the G-20 finance ministers and central bank governors shared the view that European countries will work out the specifics next month of increasing the lending capacity of eurozone bailout bodies, Japanese Finance Minister Jun Azumi indicated at a press conference on Saturday.

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