AUSTRALIA is among the nations contributing to the International...

AUSTRALIA is among the nations contributing to the International Monetary Fund's (IMF) war chest to protect against further financial deterioration in Europe.
Overnight the IMF said it had raised more than $US430 billion ($417 billion) in an effort to assure finance markets that it has sufficient firepower to handle any new problems from Europe's prolonged debt crisis.

Treasurer Wayne Swan said Australia would contribute $7 billion to this.

http://www.news.com.au/business/breaking-news/australia-gives-7b-to-europe-bailout-fund/story-e6frfkur-1226335074682