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Eurozone must 'promptly' resolve debt crisis: China
WASHINGTON, Sept 24 (AFP) Sep 24, 2011
The eurozone should swiftly resolve its debt crisis and warned the IMF may not have enough money to help needy countries, China's central bank chief said Saturday.

"The sovereign debt crisis in the euro area needs to be resolved promptly to stabilize market confidence," Zhou Xiaochuan said at the International Monetary Fund.

Addressing the International Monetary and Financial Committee, the IMF's steering body, Zhou warned that the IMF's resources, currently at about $630 billion, "may not be adequate" to deal with potential demand for its aid.

"As the European sovereign debt crisis unfolds, demand for IMF financing from its members has increased dramatically," he said.

"However, its available financial resources may not be adequate to meet the potential needs of the crisis-hit countries."

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