European countries are increasingly talking about a European version of the International Monetary Fund to bail out countries that run into a Greek-style crisis. An ‘EMF’ would allow crisis-hit European countries to get emergency money without having to turn to the IMF in Washington. Cardiff, Southend and Chester City football clubs are all in the High Court today after the tax man has petitioned for them to be wound up for failure to pay their taxes. Finally, fraud losses on credit and debit cards fell by over a quarter between 2008 and 2009 but the cost of online banking fraud has jumped by 14%.
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