Belarus seeks emergency IMF loan

Belarus has asked for an emergency loan of up to $8 billion (5.5 billion euros) from the International Monetary Fund to stave off a financial crisis in the ex-Soviet republic. That comes after the government massively devalued the local currency, the rouble, in a failed attempt to persuade banks and Belarussians to resume trading at official - rather than black market - rates. ... http://www.euronews.net/