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Germany and France are leading efforts to create a European Monetary Fund that would guarantee the stability of the Eurozone

VideoassistentenMarch 9, 2010

The near-collapse of Greece's finances has convinced Europeans that they need their own lender-of-last resort to help in emergencies. Germany and France are leading efforts to create a European Monetary Fund, modeled on the International Monetary Fund. And EMF would be designed to guarantee the stability of the Eurozone.

https://p.dw.com/p/MNj1