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Mon December 5, 2011
Once A Risky Bet, Latin America Tapped To Aid Eurozone
The International Monetary Fund used to bail out deadbeat nations in Latin America. Now, in a role reversal, the IMF's new director, Christine Lagarde, is seeking the region's help in containing Europe's worsening debt crisis. Officials in Brazil, now the world's seventh-biggest economy, say they're putting together an IMF loan. And Lagarde says the whole region can provide Europe with lessons on how to manage the economy.