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The IMF plans to contribute €18B, or 14% of the €130B 2nd rescue package for Greece....

The IMF plans to contribute €18B, or 14% of the €130B 2nd rescue package for Greece. This is less then the 27% contribution to the 1st bailout as the agency tries to balance between staying involved while limiting its exposure to a country almost surely needing either another rescue, default, or both. (The PR says €28B, but this includes €10B from the first rescue not yet disbursed).
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Comments (6)
  • Snakeeyes
    , contributor
    Comments (47) | Send Message
     
    Phlegm from the Flems?
    10 Mar 2012, 03:55 PM Reply Like
  • SA reader
    , contributor
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    So even the IMF isn't wanting to get more exposure to Greece. That's a very bad sign. Does anyone really doubt Greece is going to default....again....in less than 3 years?
    10 Mar 2012, 04:58 PM Reply Like
  • Snakeeyes
    , contributor
    Comments (47) | Send Message
     
    Next up: Portugal!

     

    http://bit.ly/zVBIv4
    10 Mar 2012, 05:22 PM Reply Like
  • JohnLocke
    , contributor
    Comments (381) | Send Message
     
    Great the IMF brings it's own brand of crap paper into the game, the almighty SDR.

     

    Another fraud riddled entity that lends itself its own promises which are then speculated upon.

     

    The IMF's charter is to prevent economic instability so they give $13B after the fact???

     

    Also, "Member countries also committed to pursue policies that are conducive to reasonable price stability, and avoid manipulating exchange rates for unfair competitive advantage." with the exception of China of course.

     

    If they would just admit the shell game and let everyone in on the action the world would be a better place.

     

    10 Mar 2012, 08:42 PM Reply Like
  • jakedavis
    , contributor
    Comments (11) | Send Message
     
    When will the American taxpayers wake up to where their hard earned money is going and how much we are going into debt for lazy Europeans that don't give a crap about us?
    12 Mar 2012, 03:35 AM Reply Like
  • Ray Lopez
    , contributor
    Comments (1578) | Send Message
     
    Remember the Domino Theory: as Greece goes, so goes the rest of the world. Unless the USA gets its act together, I see it and the rest of the advanced Big Government economies doing a Greece in a decade's time. Then get ready for the inevitable default or hyperinflation, as nobody is big enough to bail out the US government.
    18 Mar 2012, 02:10 AM Reply Like
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