Wayne Swan is reported to be discussing ways that resources can be made available to assist the Euro debacle.
The UK is now congratulating itself on not joining the Euro club and those who jeered at the decision now have egg on their faces. The European Parliament exercises power without real electoral responsibility and now is reaping the rewards of trying to balance the books for a gaggle of social welfare states living beyond their means. The Europeans nations are all big boys now and the damage to the European economy is self-inflicted.
The EU with it's growth of central regulation will continue to retard economic growth in the same way as the old USSR did and it seems we have learnt little from the collapse of Eastern Communism.
The Greeks have been having one long Xmas party for the last ten years on the Euro credit card and are now asking Germany to save them. Run like hell is my advice!
"I think a number of finance ministers have indicated a willingness to discuss, as part of the agenda here (in Paris), ways that resources can be made available to the IMF to further assist European countries respond to the issues," Mr Swan told reporters.
Remaining silent about his bilateral talks on Friday which included meetings with Ms Lagarde, French Finance Minister Francois Baroin and Indian Finance Minister Pranab Muhkerjee, Mr Swan said he had seen evidence of improvement in Europe's economy.