IMF to Ask European Union to Enlarge Bailout Fund, Reuters Says

The International Monetary Fund will ask European Union policy makers to enlarge the bloc’s 750- billion euro ($1 trillion) rescue package for nations struggling to refinance, Reuters said, citing an IMF report it obtained.

The IMF also will recommend that the European Central Bank buy more government bonds, Reuters said.

IMF Managing Director Dominique Strauss-Kahn is due to present the recommendations at the meeting of EU finance ministers starting tomorrow in Brussels, Reuters said.

To contact the reporter on this story: Richard Weiss in Frankfurt at rweiss5@bloomberg.net.

To contact the editors responsible for this story: Benedikt Kammel at bkammel@bloomberg.net.

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