our imperial leaderette
also known as the snack box
has decided to bleed the aussie public some more
now we are going to pick up the slack in the IMF giving away more money to those who hate us and will never repay ..
they talk about helping Greece but the IMF wont be helping Greece, thats the world banks area now ..
its all a scam to fund libya and all the other arab spring states , read the IMF's latest policy document for confirmation
upgrading contributions to Unesco
increasing budget for african nations
middle eastern nations and asia ..
its working out at $4000 + per houshold for the next 100 years now
how much more generous socialism can this nation afford ?
we got another 2 weeks of this parliamentary , "throw taxpayers futures at strangers "
whats that gonna cost ?
PRIME Minister Julia Gillard says Australia is prepared to boost its contribution to the International Monetary Fund (IMF) to safeguard the global economy.
Ms Gillard arrived in the French resort city of Cannes today ahead of the Group of 20 (G20) leaders' summit tomorrow and Friday.
European nations will present to the G20 a plan to recapitalise and strengthen European banks and use a new stability fund to enable Italy and Spain to roll over government debt and assist Greece, Portugal and Ireland.
There are also moves to ease the debt load on Greece by 100 billion euros ($A134 billion) in a deal between the eurozone and private creditor banks to take a 50 per cent loss on their holdings.
But Greece has thrown a spanner in the works by planning to hold a referendum before accepting any deal, and domestic political situations in other countries will also make any agreement more difficult.
Ms Gillard said she was hopeful of the G20 being able to repair confidence in the global economy.
"I believe it is important for the G20 to address questions that can increase confidence during this period," she told reporters in Cannes.
"I particularly believe it's important for the G20 to look at the question of IMF resourcing.
"That will be one thing that the G20 could do which would increase the confidence in markets and show that there is sufficient resourcing to deal with anything else that might flow arising out of the European crisis.
"For Australia's part we stand ready to participate in an increase in IMF resources."
Ms Gillard said taking part in the G20 meant "the voices of Australians are heard on the global economy".
"The global economy does matter to Australian jobs and Australia's future," she said.
The prime minister will meet with Brazil's president Dilma Rousseff before addressing a meeting of the B20 group of business leaders.
Read more: http://www.news.com.au/breaking-news...#ixzz1cY6Js4Ct