Leaders of the world's most powerful economies have agreed to increase the resources of the International Monetary Fund (IMF) in order to help alleviate the debt crisis that threatens to spread across Europe. Despite the consensus, leaders struggled to reach concrete plans on how to do so, as the G20 summit, which has largely been overshadowed by euro-zone efforts to tackle the Greek debt crisis, concluded in the French resort of Cannes last Friday. ‘It's important that the IMF sees its resources reinforced,’ European Commission President Jose Manuel Barroso told reporters. Al Jazeera's Jacky Rowland, reporting from Cannes, said the summit's final communiqué stressed ‘desirable trends and tendencies rather than measurable objective’. She continued: ‘There was a lot of talk about slogans such as strong, sustainable growth, but it was rather thin on actual detail about how this would be achieved.’

Pray: for the world as it tackles the economic problems and that the rich will learn generosity and not be governed by greed. (Pro.28:25)

More: http://english.aljazeera.net/news/europe/2011/11/201111464940325870.html