European leaders called Sunday for a doubling of the IMF’s resources, to $500bn, to tackle escalating problems in eastern Europe, reports the NYT. In a statement clearly aimed at hedge funds and other private pools of capital, the leaders said “all financing markets and participants” must be regulated and vowed to clamp down on tax havens. The FT meanwhile quotes former IMF officials warning the Fund is too small to cope with the prospect of contagion from eastern Europe’s problems. More FT analysis here.

This entry was posted by Gwen Robinson on Monday, February 23rd, 2009 at 4:39 and is filed under Capital markets, People. Tagged with IMF. Edit this entry.