G20 calls on eurozone to up efforts to support euro

Finance ministers from the G20 have told eurozone leaders they need to boost their own contributions to beleaguered countries before any more cash from the International Monetary Fund (IMF) is granted.

According to reports from the latest meeting of the world's economic powerhouses, the G20 said it was 'essential' eurozone governments committed more of their own resources to tackle the crisis before the IMF stepped in. "Euro area countries will reassess the strength of their support facilities in March. This will provide an essential input in our ongoing consideration to mobilise resources to the IMF," an official said, according to the Telegraph. George Osborne, the Chancellor, said: "The rest of the world will only consider extra resources for the IMF once the eurozone themselves ...