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Australia offers IMF help at G20 -

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The main topic that's forced it's way on to the top of the agenda at the G20 in Cannes is the
crisis in Greece. Australian Prime Minister Julia Gillard has indicated Australia was prepared to
offer some financial help to the IMF to help solve the crisis.

TONY EASTLEY: There's been no problem sorting out the agenda for the G20 meeting in the French
resort city of Cannes.

Even before the Prime Minister Julia Gillard had arrived one topic was set to dominate.

The crisis in Greece that everyone thought had been settled last week is again stirring world
leaders' worst fears.

Europe correspondent Philip Williams is in Cannes.

PHILIP WILLIAMS: Just as the world thought the Greek problem had been solved, at least temporarily,
the prime minister George Papandreou's shock decision to hold a referendum on the latest bailout
changed everything.

The eurozone is back top of the agenda and moments after landing in the south of France, Julia
Gillard was back urging her European colleagues to get moving.

JULIA GILLARD: It is pivotal that European leaders address how their plan is going to be
implemented and what else they are going to do to reform European economies and put them on a path
of growth. Now the plan has to have all of its details finalised and it needs to be implemented.
Words on a piece of paper are one thing, actions are another.

PHILIP WILLIAMS: And while she did make it clear only the Europeans could solve the crisis, the
Prime Minister did have a suggestion - a recapitalisation of the International Monetary Fund.

JULIA GILLARD: The Treasurer has been talking about IMF resourcing for a substantial period of time
and I have also raised it directly in the run-up to this G20 meeting. But now, of course, with the
circumstances in Greece effectively pressing the fast forward button, it becomes more critical for
the G20 to address IMF resourcing.

PHILIP WILLIAMS: The Prime Minister isn't saying how much Australia is willing to add to the IMF
pot but she argues a topped up supercharged IMF could be a good counter against future crises.

But as one of the smaller G20 economies, our voice is rarely dominant and the current problem
requires a European solution - something the Germans and French are desperately trying to find.

So as frustrating as all this is, there is not much an Australian Prime Minister can do, however
much everyone here just wants the whole euro mess to disappear.

This is Philip Williams at the G20 in Cannes reporting for AM.