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Europe asks for help from the old enemy

As the UK and other major European players continue the struggle to light the blue touch paper to reignite economies around the world there have been calls for the 'old enemy' of Russia and China to increase their contributions to the international bailout fund. There have also been calls for the once insulated Arab states to step up to the mark and contribute to a £320 billion package to refloat the worldwide economy.

This is not a time for old grudges to be re-opened, this is not a time for political points scoring as all we need is cold hard cash and a concerted effort to get the economies of the world moving again. The major economies seem to have digested the initial rescue package but need more food to build up their strength. There are also concerns that if the situation is not resolved before the festive period, when many markets will shut down, we could return to an even worse situation in early 2009.

Now is the time for further action before it is literally too late and with Europe quickly running out of money, the time has come for others to step up to the mark.

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