ECB attacks G20 plans to use IMF to pump cash into global economy - Telegraph

ECB attacks G20 plans to use IMF to pump cash into global economy - Telegraph: "The paper cited an 'unidentified' central banker protesting that the G20 had rammed through radical changes that could do 'irreparable damage' to the global financial system 'What is happening with the IMF is scandalous. They are going to lay waste to everything in this crisis as a result of political horse-trading,' he said.

Markets have been in confusion over the implications of the G20 deal last week instructing the IMF to issue $250bn (£170bn) in Special Drawing Rights, a hybrid instrument that lets governments around the world take out an overdraft but also contains the seeds of a global currency in is own right."