La Stampa reports the IMF is considering loaning Italy up to €600B to give Mario Monti's new...

|By:, SA News Editor
La Stampa reports the IMF is considering loaning Italy up to €600B to give Mario Monti's new government a 12-18 month window with which to push through fiscal reforms. As this would put a strain on IMF resources, the report suggests assistance from the ECB, i.e. the idea previously floated of the ECB lending to the IMF which in turn lends to needy EU states.