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Europe weighs central bank loans to IMF: report * *PIC*

Europe weighs central bank loans to IMF: report ( EURUSD ) (by MarketWatch)

FRANKFURT (MarketWatch) -- Euro-zone finance ministers are weighing a plan that would see the region's national central banks provide as much as 200 billion euros ($275 billion) in loans through the International Monetary Fund that could be used to battle the region's debt crisis, Bloomberg reported Friday, citing unnamed people familiar with the matter. The plan would see national central banks recycle funds through the IMF in order to underwrite precautionary credit lines for Italy or Spain, the report said. The euro (cur_eurusd) extended a gain versus the U.S. dollar to trade at $1.3517, up from $1.3467 in North American trade late Thursday.