EU'S Rehn confident IMF to win $400 billion or more

WASHINGTON (Reuters) - Financial leaders from the world's 20 biggest developing and developed economies will agree to increase the resources of the International Monetary Fund by $400 billion (248 billion pounds) or more, EU Economic and Monetary Affairs Commissioner Olli Rehn said on Friday. "We have been aiming at around 400 billion or beyond, and I am confident we will reach this objective in the G20 meeting today," Rehn told Reuters in an interview on the sidelines of a meeting of the Group of 20. "This $400 billion dollars is clearly sufficient to create a credible safety net," he said. ...