No G-20 agreement on IMF role in Europe: report (by MarketWatch)
FRANKFURT (MarketWatch) -- Group of 20 leaders meeting in Cannes, France, didn't reach an agreement on a plan regarding how the International Monetary Fund can contribute to resolving the euro zone debt crisis, German Chancellor Angela Merkel said Friday, according to Dow Jones Newswires. French President Nicolas Sarkozy, who hosted the summit, said G-20 leaders will continue work toward boosting IMF resources in February. Merkel, meanwhile, acknowledged that no G-20 country signed up to invest in the euro-zone bailout fund, the European Financial Stabiity Facility, but indicated G-20 leaders agreed the IMF and EFSF could work together, the report said.