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France Wants EU Growth Package Worth ?120B This Year

French President Francois Hollande gestures during a news conference with Italian Prime Minister Mario Monti at the Chigi palace in Rome
With French President Francois Hollande's Socialist Party appearing likely to cement its hold on the country's government in elections on Sunday, the Journal du Dimanche has reported that France wants the European Union to agree on growth-boosting measures worth ?120 billion ($151 billion) this year.
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IMF and U.S.

G-20 Preview: Big Bucks From BRICs For More IMF Influence

Something strange is going to take place next week at the G-20 summit: Europe, long accustomed to sending aid through the International Monetary Fund to developing nations, will pass a collection plate to many of those same countries. But to get such help, which could be as much as $105 billion from four major emerging economies, European nations will have to surrender some control of the IMF.

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