Cameron leaves Cannes with an IMF headache
From our UK edition
https://www.youtube.com/watch?v=Qm6yP-5RGK8 The Cannes summit leaves the world no further forward on its quest for some kind of solution to the Eurozone crisis. Strikingly, the Germans still won't agree — despite huge diplomatic pressure — to the ECB fulfilling the traditional emergency function of a central bank and acting as lender of last resort. This is a blow when you consider that Cameron thought there was a real possibility Merkel would budge on this after last week's European Council meeting. It also provides Cameron with a domestic political headache. For if the ECB won't act, the IMF will have to take more of the strain — and increasing Britain's contributions to the IMF in the current political climate is not going to be easy.