CANNES, France ? The EU president says that the Group of 20 leading economies have agreed to increase the resources of the International Monetary Fund to help stem the European debt crisis, but haven't decided how to do so.
Herman Van Rompuy says that the decision was reached at a summit Friday in the French resort of Cannes. European and non-European countries disagree about how to better use the IMF to help.
Van Rompuy also called for a "national consensus" of all political forces in Greece on the sweeping European rescue plan for Greece and boosting confidence in the eurozone.
THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP's earlier story is below.
CANNES, France (AP) ? The president of the European Commission says that Italy has asked the International Monetary Fund to help monitor its economic and fiscal reforms.
Jose Manuel Barroso made the announcement at a summit of the Group of 20 leading world economies that was focused on the Europeon debt crisis.
A person familiar with the talks said such enhanced monitoring of Italy by the IMF would be unusual.
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