Proposal for ECB loans to IMF gains ground: report

FRANKFURT (MarketWatch)
A proposal that would see the European Central Bank lend money to the International Monetary Fund that would be used to finance bailouts to euro-zone governments threatened by insolvency is gaining traction, Dow Jones Newswires reported Friday, citing unnamed people familiar with the matter.
One official said Germany and the ECB remain opposed to the idea, but that with no viable alternatives talks could soon begin, according to the report.
The euro rose in the wake of the report